Document:

MICRO BIO-MEDICAL WASTE SYSTEMS, INC.
                          2004 STOCK COMPENSATION PLAN

1.    Introduction

      1.1  ESTABLISHMENT.  MICRO  BIO-MEDICAL  WASTE  SYSTEMS,  INC.,  a  Nevada
corporation,  ("MBWS") hereby  establishes the 2004 Stock Compensation Plan (the
"Plan"),  which  permits  the  grant of stock  options  and other  stock  grants
(collectively  "Stock  Awards") to certain  directors and key employees of MBWS,
and certain independent contractors, providing certain services to MBWS.

      1.2 PURPOSE. The purposes of the Plan are (a) to provide directors and key
employees  selected  for  participation  in the Plan With  added  incentives  to
continue in the service of MBWS; (b) to create in such directors and employees a
more  direct  interest  in the  success of the  operations  of MBWS by  relating
compensation to the achievement of long-term corporate economic objectives;  (c)
to attract and retain  directors and key  employees by providing an  opportunity
for  investment  in MBWS;  (d) to  obtain  bona  fide  services  for  MBWS  from
independent  contractors  at reduced  compensation  or at rates  and/or on terms
which are otherwise negotiated favorably to MBWS.

      1.3 EFFECTIVE  DATE. The effective date of the Plan shall be the Effective
Date, which is the date on which the Board of Directors of MBWS approved it.

2.    Definitions

      Through  the  Plan,  except  when the  context  indicates  otherwise,  the
masculine  gender  shall  include the  feminine,  and the use of any term in the
singular shall include the plural.  The following  terms shall have the meanings
set forth:

      "Board" shall mean the board of directors of MBWS.

      "Code" shall mean the Internal  Revenue Code of 1986, as amended from time
to time.

      "Disabled" or "Disability"  shall have the meaning set forth in section 22
(e) (3) of the Code.

      "Effective Date" shall have the meaning set forth in section 1.3.

      "Eligible  Parties"  shall mean  directors and key employees of MBWS,  and
Independent Contractors of MBWS.

      "Fair  Market  Value"  of a Share  shall  mean  its fair  market  value as
determined  by the Board of Directors in good faith in  accordance  with section
422 of the Code.

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      "Independent Contractors" shall mean certain third parties, including both
individuals and companies, that are neither directors nor key employees of MBWS,
and who  provide  certain  Service  to  MBWS,  including,  but not  limited  to,
advertising,  public  relations,  marketing,  and  consulting,  on  an  on-going
contractual basis for reduced, or otherwise favorably-negotiated compensation.

      "MBWS"  shall  mean  Micro  Bio-MEdical  Waste  Systems,  Inc.,  a  Nevada
corporation.

      "Plan" shall mean this 2004 Stock Compensation Plan.

      "Share" shall mean a share of the Common Stock of MBWS.

      "Stock Award" shall mean Stock Option and/or a grant of shares pursuant to
the Plan described herein.

      "Stock  Option"  shall  mean a right to  purchase  shares  at a stated  or
formula price for a specified period of time and shall be a Non-Qualified  Stock
Option.

      "Stock  Option  Agreement"  shall  mean  Stock  Options  evidenced  by  an
agreement  (which need not be  identical) in such form as the Board of Directors
may from  time to time  approve;  PROVIDED,  HOWEVER,  that in the  event of any
conflict  between  the  provisions  of the  Plan  and any  such  agreement,  the
provisions of the Plan shall prevail.

      "Stock  Option  Holder" shall mean a Recipient who has been granted one or
more Stock Options.

      "Stock  Option  Price" shall mean the price at which  shares  subject to a
Stock Option may be purchased.

3.    Administration

      The Board of Directors  shall  administer  the Plan.  Consistent  with the
Plan, the Board of Directors,  in its sole  discretion,  shall  determine  Stock
Awards,  including,  but not limited to, shares to be subject to Stock  Options,
the time at which Stock Awards are to be made,  shall fix the Stock Option Price
and the period and manner in which an Stock Option becomes exercisable, and such
other terms and  requirements of the  compensation  incentives under the Plan as
the Board of Directors may deem  necessary or desirable.  The Board of Directors
shall  determine  the form or  forms  of the  agreements  with  recipients  that
evidence the particular  provisions,  terms,  conditions,  rights, and duties of
MBWS and the recipients with respect to Stock Awards,  which provisions need not
be identical except as may be provided  herein.  The Board of Directors may from
time to time adopt such rules and  regulations  to carry out the purposes of the
Plan as it may deem  proper  and in the best  interests  of MBWS.  The  Board of
Directors, in its sole discretion,  may correct any defect, supply any omission,
or reconcile  any  inconsistency  in the Plan or in any  agreement  entered into
hereunder   in  the  manner  and  to  the   extent  it  deems   expedient.   The
determinations,  interpretations,  and other  actions of the Board of  Directors
pursuant to the Plan shall be binding and conclusive for all purposes.

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4.    Subject Shares

      4.1 NUMBER.  The number of shares that are  authorized  for issuance under
the Plan shall not exceed  10,000,000  shares.  Shares  that may be issued  upon
exercise of Stock Options or other grants under the Plan shall reduce the number
of shares  available for issuance under the Plan. MBWS shall at all times during
the term of the Plan and while any Stock  Options  are  outstanding  reserve  as
authorized  but  unissued  at least the  number of shares  underlying  the Stock
Options  granted under the Plan. Any shares subject to Stock Option that expires
or is terminated or canceled  before  exercise shall become  available again for
issuance under the Plan.

      4.2 ADJUSTMENTS FOR STOCK SPLIT, STOCK DIVIDEND,  ETC. If at any time MBWS
increases or decreases  the number of shares  outstanding  or changes the rights
and  privileges  of such shares  through the  payment of a stock  dividend,  the
making of any other distribution payable in shares, a stock split,  subdivision,
consolidation,   or   combination   of   shares,   or  a   reclassification   or
recapitalization  involving the shares, then the numbers, rights, and privileges
of shares as to which Stock Awards may be granted and shares then subject to any
outstanding stock Award shall be increased, decreases, or changed in like manner
as if such shares had been issued and outstanding (as determined by the Board of
Directors in its sole discretion).

5.    Corporate Reorganization

      5.1  REORGANIZATION.  Upon the occurrence of any of the following  events,
provided notice has been given to recipients and Stock Option Holders,  the Plan
and all outstanding Stock Options shall terminate and be of no further force and
effect, without the necessity for any additional action by the Board of MBWS:

            (a)  the  merger  or  consolidation  of MBWS  with  or into  another
corporation  or other  reorganization  (other  than a  reorganization  under the
United States  Bankruptcy Code) of MBWS (other than a consolidation,  merger, or
reorganization  in which MBWS is the  surviving  corporation  and which does not
result in any reclassification or change of outstanding shares);

            (b) the sale or conveyance of the property of MBWS as an entirety or
substantially  as an  entirety  (other than a sale or  conveyance  in which MBWS
continues as holding  company of an entity or entities that conduct the business
or business formerly conducted by MBWS); or

            (c) the dissolution or liquidation of MBWS.

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6.    Eligibility

      Recipients  shall be those  Eligible  Parties  who, in the judgment of the
Board of  Directors,  are  performing,  or  during  the term of their  incentive
arrangement  will perform,  vital  services in the  management,  operation,  and
development of MBWS and contribute significantly,  or are expected to contribute
significantly,  to the achievement of long-term  corporate economic  objectives,
and/or, additionally in the case of independent contractors, furnish services to
MBWS at reduced  rates or on other terms which are  significantly  favorable  to
MBWS.  Recipients  may be granted  from time to time one or more  Stock  Awards,
except that the Board of Directors  shall  separately  approve the grant of each
Stock  Award,  and  receipt of one Stock  Award  shall not  result in  automatic
receipt of any other Award. Upon  determination by the Board of Directors that a
Stock  Award is to be  granted to a  recipient,  written  notice  shall be given
specifying  the terms,  conditions,  rights,  and duties related  thereto.  Each
recipient shall, if required by the Board of Directors,  enter into an agreement
with MBWS,  in such form as the Board of Directors  shall  determine  consistent
with the Plan  specifying  such terms,  conditions,  rights,  and duties.  Stock
Awards  shall be  deemed to be  granted  as of the date  specified  in the grant
resolution  of the  Board  of  Directors,  which  date  shall be the date of any
related agreement with the recipient.  In the event of any inconsistency between
the Plan and any such agreement, the provisions of the Plan shall govern.

7.    Stock Options

      7.1 GRANT OF STOCK OPTIONS.  Coincident with or following  designation for
eligibility  under  the Plan,  a  recipient  may be  granted  one or more  Stock
Options.

      7.2 STOCK OPTION AGREEMENT.  A Stock Option  Agreement,  incorporating and
conforming to the following,  shall evidence each Stock Option granted under the
Plan:

      (a)  Price.  The  price at which  each  share  may be  purchased  shall be
determined  in each  case by the Board of  Directors  and set forth in the Stock
Option Agreement,  but in no event shall the price be less than 100% of the Fair
Market Value of the shares on the date of grant.

      (b) Duration of Stock Options; Restrictions on Exercise. Each Stock Option
Agreement  shall  state the period,  as  determined  by the Board of  Directors,
within  which the Stock Option may be  exercised.  Such period shall end no more
than ten years  from the date the  Stock  Option is  granted.  The Stock  Option
Agreement shall also set forth such restrictions on exercise of the Stock Option
during such period, if any, as may be determined by the Board of Directors. Each
Stock Option shall become  exercisable over such period of time, if any, or upon
such events, as may be determined by the Board of Directors.

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      (c) Termination of Service, Death, Disability, etc. The Board of Directors
may specify  the period,  if any,  after which a Stock  Option may be  exercised
following  termination of the Stock Option  Holder's  employment or service as a
director, or as an independent contractor.  The effect of this section 7.2 shall
be limited to determining the consequences of a termination, and nothing in this
section 7.2 shall restrict or otherwise  interfere with MBWS's  discretion  with
respect to the termination of any individual's  employment or of any independent
contractor's  contract,  or the  shareholders'  discretion  with  respect to the
election of directors.

      (d)  Transferability.  No Stock Option shall be  transferable by the Stock
Option Holder. Each Stock Option is exercisable during the Stock Option Holder's
lifetime  only by him,  or in the  event of  Disability  or  incapacity,  by his
guardian or legal representative.

      (e) Date of Grant.  A Stock  Option  shall be deemed to be  granted on the
date specified in the grant resolution of the Board of Directors.

      7.3 SHAREHOLDER  PRIVILEGES.  No Stock Option Holder shall have any rights
as a shareholder  with respect to any shares subject to a Stock Option until the
Stock Option Holder becomes the holder of record of such shares.  No adjustments
shall be made for dividends or other  distributions  or other rights as to which
there is a record date  preceding the date such Stock Option Holder  becomes the
holder of record of such shares, except as provided in article IV.

8.    Other Stock Grants

      From time to time during the duration of this Plan, the Board of Directors
in its sole discretion may adopt one or more incentive compensation arrangements
for Recipients  pursuant to which the Recipients may acquire shares of shares by
purchase,  outright grant, or otherwise.  Any such arrangements shall be subject
to the general  provisions of this Plan, and all Shares issued  pursuant to such
arrangements shall be issued under this Plan.

9.    Rights of Recipients

      9.1 EMPLOYMENT AS EMPLOYEE OR INDEPENDENT CONTRACTOR. Nothing contained in
the Plan or any Stock  Award  shall  confer  upon any  recipient  any right with
respect to the  continuation  of his  employment by MBWS,  or as an  independent
contractor or MBWS,  or interfere in any way with the right of MBWS,  subject to
the  terms  of any  separate  employment  agreement  or  independent  contractor
agreement  to the  contrary,  at any time to  terminate  such  employment  or to
increase  or  decrease  the  compensation  of the  recipient  from  the  rate in
existence  at the time of the grant of any Stock  Award.  The Board of Directors
shall determine  whether an authorized leave of absence,  or absence in military
or government service, shall constitute a termination of employment at the time.

      9.2  TRANSFERABILITY.  No right or  interest of any  recipient  in a Stock
Award Shall be assigned or  transferred  during the  lifetime of the  recipient,
voluntarily or involuntarily,  or subjected to any lien, directly or indirectly,
by operation  of law, or  otherwise,  including  execution,  levy,  garnishment,

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<PAGE>

attachment,  pledge,  or bankruptcy.  In the event of a recipient's  death,  his
rights and interests in any such Stock Awards shall,  to the extent  provided in
the Plan, be transferable by will or the laws of descent and  distribution,  and
payment of any amounts due under the Plan shall be made to, and  exercise of any
Stock Options may be made by, the recipient's legal  representatives,  heirs, or
legatees.  If, in the opinion of the Board of  Directors,  a person  entitled to
payments or to exercise  rights with respect to the Plan is disabled from caring
for his affairs because of mental condition, physical condition, or age, payment
due such  person may be made to, and such  rights  shall be  exercised  by, such
person's  guardian,  conservator,  or other legal personal  representative  upon
furnishing  the Board of Directors  with evidence  satisfactory  to the Board of
Directors of such status.

      9.3 NO PLAN FUNDING. Obligations to recipients under the Plan shall not be
funded,  trusteed,  insured, or secured in any manner.  Recipients shall have no
security  interest in any assets of MBWS and shall be only general  creditors of
MBWS.

10.   General

      10.1 SECURITIES LAWS. Each Stock Award shall be subject to the requirement
that,  if at any  time  MBWS  determines  that  the  listing,  registration,  or
qualification  of the shares  subject to such  Stock  Award upon any  securities
exchange  or under any state or federal  law,  or the consent or approval of any
governmental or regulatory body, is necessary as a condition of or in connection
with the issuance or purchase of shares thereunder,  such Stock Award may not be
accepted or  exercised  in whole or in part unless such  listing,  registration,
qualification,  consent, or approval has been effected or obtained on conditions
acceptable to the Board of Directors.  Nothing herein shall be deemed to require
MBWS to apply for or to obtain such listing, registration, or qualification.

      10.2 CHANGES IN ACCOUNTING RULES.  Notwithstanding  any other provision of
the Plan to the contrary,  if,  during the term of the Plan,  any changes in the
financial or tax accounting  rules  applicable to Stock Awards occurs which,  in
the sole judgment of the Board of Directors,  may have a material adverse effect
on the reported earnings, assets, or liabilities of MBWS, the Board of Directors
shall have the right and power to modify as necessary any then outstanding Stock
Awards as to which the applicable employment or other restrictions have not been
satisfied.

      10.3 PLAN AMENDMENT, MODIFICATION, AND TERMINATION. The Board of Directors
may at any time  terminate,  and from time to time may amend or modify the Plan,
except that no amendment or modification may become  effective  without approval
of the  shareholders  if shareholder  approval is required to enable the Plan to
satisfy any applicable statutory or regulatory  requirements,  or if MBWS on the
advice of counsel determines that shareholder approval is otherwise necessary or
desirable.  No  amendment,  modification,  or  termination  of  the  Plan  shall
adversely affect any Stock Award theretofore  granted without the consent of the
recipient holding such Stock Award.

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      10.4 WITHHOLDING. The Company shall have the right to require prior to the
issuance or delivery of any shares of Common Stock pursuant to the Plan,  that a
recipient make arrangements satisfactory to the Board for the withholding of any
taxes required by law to be withheld with respect to the issuance or delivery of
such shares,  including  without  limitation by the  withholding  of shares that
would otherwise be so issued or delivered, by withholding form any other payment
due to the recipient, or by a cash payment to the Company by the recipient.

      10.5  GOVERNING  LAW.  The  Plan  and all  agreements  hereunder  shall be
construed in accordance with the governed by the laws of the State of Nevada.

                                           MICRO BIO-MEDICAL WASTE SYSTEMS, INC.

                                                                    JUNE 1, 2004

                                                                               7CONSULTING AGREEMENT

      This Consulting  Agreement (this  "Agreement") is made and entered into as
of June 12, 2004,  between Peter Rospond,  ("Consultant")  and Micro Bio-Medical
Waste Systems, Inc. (the "Contractor").

                                   WITNESSETH:

      WHEREAS,  the  Contractor  desires to hire  Consultant to perform  certain
services for the Contractor; and

      WHEREAS,  Consultant  has agreed to perform such services  pursuant to the
terms of this Agreement.

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

      SECTION 1.  SERVICES TO BE  PERFORMED.  Commencing as of June 12, 2004 and
ending as of June 11, 2005, unless this Agreement is earlier terminated pursuant
to the terms hereof (the  "Term"),  the  Contractor  shall engage  Consultant to
perform on behalf of the Contractor  those services  listed on Exhibit A, and to
otherwise consult with the Contractor as reasonably requested by the Contractor.
Consultant agrees to use his best efforts to diligently perform such services on
behalf of the Contractor.

      SECTION  2.  PAYMENT  FOR  SERVICES.   The  Contractor   shall  compensate
Consultant with 200,000 MBWS S-8 shares registered and free trading.

      SECTION 3. STATUS AS INDEPENDENT  CONTRACTOR.  Consultant acknowledges and
agrees that the services  hereunder are performed on an  independent  contractor
basis, and that Consultant is not an employee of the Contractor for any purpose,
including,  but not limited to, for  purposes of Federal,  state or local tax or
other  laws,  nor shall  Consultant  hold  himself  out to be an employee of the
Contractor.  Consultant agrees that as an independent  contractor,  compensation
paid hereunder is not subject to  withholdings  for social  security or Federal,
state  or  local  income  taxes,  and  Consultant  expressly  acknowledges  full
responsibility  for  reporting  of all  said  compensation  and  payment  of all
applicable taxes, including self-employment taxes, arising therefrom. Consultant
further agrees to indemnify and hold the Contractor  harmless to the extent that
the  Contractor  incurs any liability  arising out of, or in any way related to,
the  Consultant  being  classified  as an employee for any  purpose.  Consultant
acknowledges and agrees that where workers  compensation  coverage is applicable
to services performed hereunder,  it shall be his responsibility to provide such
coverage.  Consultant  acknowledges  and agrees that he is in no way entitled to
participate in any employee benefit plans or programs of the Contractor.

      SECTION 4.  RESTRICTIONS AND LIMITATIONS ON PERFORMANCE.  While performing
services under the terms of this Agreement, Consultant:

            (a) shall not engage in any business or  activities  in  competition
with the activities of the Contractor contemplated herein;

<PAGE>

            (b) shall not engage in any  business or activity  which  interferes
with or is in conflict with Consultant's obligations hereunder;

            (c) shall comply with the highest standards of practice and ethics;

            (d) shall not engage in any conduct that is  incompetent,  dishonest
or fraudulent; and

            (e) shall not  advertise or publicize the existence or nature of the
engagement created by this Agreement.

      SECTION 5. EXPENSES AND TRAVEL.  Consultant  shall be responsible  for the
arrangement and payment of Consultant's own insurance  coverage,  training,  any
membership  or  society   dues,   professional,   licensing   and   registration
requirements,  employees  and  assistants,  and  any  and  all  overhead  costs,
including but not limited to, meals,  supplies and materials.  Consultant shall,
at the  Contractor's  expense,  travel  to  such  locations  as  are  reasonably
specified by the Contractor for the purposes hereunder;  provided, however, that
each such  expense for which the  Contractor  shall be  responsible  for must be
agreed to by the Contractor prior to the time at which it is incurred.  Further,
arrangements  for  providing  Consultant's  transportation  and lodging for such
trips  shall  be made by the  Contractor  in  advance.  During  such  trips  the
Contractor shall use its commercially  reasonable  efforts to make key personnel
available to the Consultant.

      SECTION 6. INDEPENDENCE OF CONTRACTOR.  The Contractor agrees that neither
the Contractor,  nor the Contractor's agents or representatives,  shall have any
right to  control or direct the  details,  manners or means by which  Consultant
performs the services contemplated hereunder.

      SECTION 7. AUTHORITY OF CONSULTANT.  Consultant has no authority to act on
behalf of the Contractor or to enter into any contract or to incur any liability
on behalf of the Contractor, except with written consent of the Contractor.

      SECTION  8.  COOPERATION  AND  COORDINATION.   Consultant  shall  have  no
obligation  to perform  any  services  other than  those set forth  herein.  The
parties recognize that cooperation and a coordinated effort greatly  facilitates
the services to be performed by Consultant  and the business of the  Contractor,
and the parties agree to cooperate and coordinate  their efforts in a reasonable
manner upon request.

      SECTION 9. CONDUCT OF OTHER BUSINESS BY CONSULTANT. The parties agree that
at any time,  Consultant is free to accept other business or sales opportunities
in so far as it  does  not  breach  or  otherwise  interfere  with  Consultant's
obligations under this Agreement.

      SECTION 10. INDEMNITY PROVISIONS.  Consultant agrees to indemnify and hold
Contractor  harmless  and  will  defend  Contractor  against  any and all  loss,
liability,  damage,  claims,  demands or suits and related  costs and  expenses,
including  attorneys  fees,  that arise,  directly or  indirectly,  from acts or
omissions of Consultant, or from Consultant's breach of the terms and provisions
of this Agreement.

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<PAGE>

      SECTION 11. TRADE SECRETS AND CONFIDENTIAL INFORMATION.  During the course
of  Consultant's  engagement  with the  Contractor,  the Contractor may disclose
Trade Secrets and Confidential  Information  (defined below) to Consultant.  The
Trade Secrets and the  Confidential  Information  of the Contractor are the sole
and  exclusive  property  of the  Contractor  (or a third party  providing  such
information  to the  Contractor).  The  disclosure  of the Trade Secrets and the
Confidential  Information  of the  Contractor  to  Consultant  does not give the
Consultant  any  license,  interest  or  rights  of any kind in or to the  Trade
Secrets or Confidential Information.

            (a)   Consultant   may  use  the  Trade  Secrets  and   Confidential
Information solely for the benefit of the Contractor while Consultant is engaged
as a Consultant  for the  Contractor.  Consultant  shall hold in confidence  the
existence of this Agreement and the Contractor's  engagement of Consultant,  the
Trade Secrets and  Confidential  Information  of the  Contractor.  Except in the
performance of services for the Contractor,  Consultant shall not use, disclose,
reproduce,  distribute,  transmit, reverse engineer, decompile,  disassemble, or
transfer the Trade Secrets or the Confidential  Information of the Contractor or
any portion thereof.

            (b) Consultant represents that Consultant is not presently under any
contract  or  agreement  with any  party  that  would  prevent  Consultant  from
performing his duties under this  Agreement,  and that Consultant is not subject
to or in breach of any  agreement,  including any  agreements  concerning  Trade
Secrets or Confidential  Information  owned by any other party.  Consultant also
agrees that during the course of  Consultant's  engagement,  Consultant will not
use or  disclose  any  confidential  information  or trade  secrets of any other
entity  or  third-party   unless   authorized  in  writing  by  that  entity  or
third-party.

            (c) The  obligations  under this  Agreement with regard to the Trade
Secrets  of  the  Contractor  remain  in  effect  as  long  as  the  information
constitutes a trade secret under  applicable law. The obligations with regard to
the  Confidential  Information  of the  Contractor  shall remain in effect while
Consultant  is engaged by the  Contractor  in any  capacity  and for a period of
three (3) years thereafter.

            (d)  Consultant  agrees  to  return  to  the  Contractor,  upon  the
termination of Consultant's  engagement (for any reason), or upon request by the
Contractor, the Trade Secrets and Confidential Information of the Contractor and
all materials relating thereto.

            (e)  As  used  herein,  "Trade  Secrets"  means  information  of the
Contractor, and its licensors,  suppliers, clients and customers, without regard
to  form,  including,  but not  limited  to,  technical  or  nontechnical  data,
formulas,  patterns,  compilations,   programs,  devices,  methods,  techniques,
drawings,  processes,  financial data, financial plans, product plans, or a list
of actual or potential customers or suppliers, which is not commonly known by or
available to the public and which information (i) derives economic value, actual
or  potential,  from  not  being  generally  known  to,  and not  being  readily
ascertainable  by proper means by, other persons who can obtain  economic  value
from  its  disclosure  or use and  (ii)  is the  subject  of  efforts  that  are
reasonable under the  circumstances to maintain its secrecy.  Trade Secrets also
include any information described in this paragraph which the Contractor obtains
from another party and which the Contractor  treats as proprietary or designates
as trade secrets,  whether or not owned or developed by the Contractor.  As used
herein, "Confidential Information" means information,  other than Trade Secrets,
that  possesses  an  element  of value to the  Contractor,  that is  treated  as
confidential,  and that would  potentially  damage the  Contractor if disclosed.

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<PAGE>

Confidential  Information  includes,  but is not limited to, (i) future business
plans,  (ii) the  composition,  description,  schematic  or design of  products,
future products or equipment of the  Contractor,  (iii)  communication  systems,
system designs and related  documentation,  (iv) advertising or marketing plans,
(v)  information  regarding  employees,  independent  contractors,  clients  and
customers  of the  Contractor,  (vi)  information  concerning  the  Contractor's
financial structure and methods and procedures of operation, and (vii) the terms
and conditions of this  Agreement.  Confidential  Information  also includes any
information  described  in this  paragraph  which the  Contractor  obtains  from
another party and which the  Contractor  treats as  proprietary,  whether or not
owned or  developed  by the  Contractor.  Confidential  Information  need not be
marked or stamped "confidential" to qualify as such under this Agreement.

      SECTION 12. WORK PRODUCT.  All Work Product  (defined  below) shall be the
exclusive  property of the  Contractor.  If any of the Work  Product may not, by
operation of law or  otherwise,  be  considered  the  exclusive  property of the
Contractor,  or if  ownership  of all right,  title,  and  interest to the legal
rights  therein  shall  not  otherwise  vest   exclusively  in  the  Contractor,
Consultant  hereby  assigns  to the  Contractor,  and upon the  future  creation
thereof automatically assigns to the Contractor,  without further consideration,
the ownership of all Work Product. The Contractor shall have the right to obtain
and hold in its own  name  copyrights,  patents,  registrations,  and any  other
protection available in the Work Product.  Consultant will promptly disclose any
and all such Work Product to Contractor. Consultant agrees to perform, during or
after  termination of  Consultant's  engagement by the  Contractor,  and without
requiring  Contractor  to provide  any  further  consideration  therefore,  such
further acts as may be  necessary  or desirable to transfer,  perfect and defend
the Contractor's ownership of the Work Product as requested by the Contractor.

      For purposes of this Agreement, "Work Product" shall mean all discoveries,
designs, Trade Secrets,  Confidential Information,  trademarks, data, materials,
formulas,  research,  documentation,  computer programs,  communication systems,
audio  systems,   system  designs,   inventions  (whether  or  not  patentable),
copyrightable  subject  matter,  works  of  authorship,  and  other  proprietary
information  or work product  (including  all  worldwide  rights  therein  under
patent, copyright,  trademark,  trade secret,  confidential  information,  moral
rights and other property  rights),  which Consultant has made or conceived,  or
may make or conceive,  either  solely or jointly with  others,  while  providing
services to  Contractor  or with the use of the time,  material or facilities of
Contractor or relating to any of  Contractor's  actual or  anticipated  business
known  to  Consultant  while  engaged  by the  Contractor,  or  suggested  by or
resulting  from any task assigned to Consultant or work  performed by Consultant
for or on behalf of Contractor.

      SECTION 13. TERMINATION OF ENGAGEMENT.

            (a) This Agreement shall terminate (i) immediately upon the death of
Consultant,  (ii) at the option of either party hereto without cause upon thirty
(30) days advance written notice from the terminating  party to the other party,
or (iii) upon the  termination  of this Agreement by the Contractor for "cause."
For the purposes of this Agreement, "cause" shall mean (i) any act by Consultant
of fraud or  dishonesty  (whether or not against or involving  the  Contractor),
(ii) Consultant's  competing with the business of the Contractor either directly
or  indirectly,  (iii)  Consultant's  breach of any  material  provision of this
Agreement,  (iv)  Consultant's  failure to devote his best efforts to his duties

                                       4
<PAGE>

under this Agreement or to perform such duties diligently and efficiently and in
accordance  with the  directions of the  Contractor or to otherwise  fulfill his
obligations  under this Agreement,  (v) Consultant's  failure to comply with the
decisions  or policies of the  Contractor,  (vi) any act of moral  turpitude  by
Consultant or (vii) any other matter constituting "cause" under applicable law.

            (b) This Agreement shall terminate  immediately  upon written notice
to  Consultant  if Consultant  shall at any time be  incapacitated  by reason of
physical or mental illness or otherwise incapable of performing the duties under
this Agreement for a continuous period of sixty (60) days.

            (c) The  Contractor's  obligation to pay  compensation to Consultant
under  Section  2  of  this  Agreement  shall  terminate  immediately  upon  the
termination of this Agreement for any reason.

      SECTION 14. INJUNCTIVE RELIEF.  Consultant acknowledges that breach of the
provisions of Sections 12 or 13 of this  Agreement  would result in  irreparable
injury  and  permanent   damage  to  the  Contractor,   which   prohibitions  or
restrictions Consultant acknowledges are both reasonable and necessary under the
circumstances,  singularly and in the aggregate, to protect the interests of the
Contractor.  Consultant  recognizes and agrees that the ascertainment of damages
in the event of a breach of the provisions of this Agreement would be difficult,
and that money damages alone would be an inadequate  remedy for the injuries and
damages which would be suffered by the Contractor  from breach of Sections 12 or
13 of this Agreement by Consultant.  Consultant  therefore agrees:  (i) that, in
the event of a breach of the provisions of Sections 12 or 13 of this  Agreement,
the  Contractor,  in  addition to and without  limiting  any of the  remedies or
rights  which it may have at law or in equity  or  pursuant  to this  Agreement,
shall have the right to injunctive  relief or other  similar  remedy in order to
specifically  enforce the  provisions  hereof;  and (ii) to waive and not to (A)
assert any defense to the effect that the Contractor  has an adequate  remedy at
law with respect to any such  breach,  (B) require  that the  Contractor  submit
proof of the  economic  value  of any  Trade  Secret,  or (C)  require  that the
Contractor post a bond or any other  security.  Nothing  contained  herein shall
preclude the Contractor  from seeking  monetary  damages of any kind,  including
reasonable fees and expenses of counsel and other expenses, in a court of law.

      SECTION 15.  NOTICES.  All notices  required and given  herewith  shall be
addressed to the  Contractor or Consultant  at the  designated  address as shown
below,  and shall be effective when personally  delivered by courier  (including
overnight  carriers)  or otherwise to the party to be given such notice or other
communication. The addresses for such notices shall be as follows:

            To Contractor:
                  Micro Bio-Medical Waste Systems, Inc.
                  5440 WEST SAHARA AVENUE
                  SUITE 206
                  LAS VEGAS, NV 89146

            To Consultant:
                  Peter Rospond
                  _______________________
                  _______________________

                                       5
<PAGE>

      SECTION 16. MISCELLANEOUS.

            (a) This  Agreement  shall be  governed  by,  construed  under,  and
enforced and interpreted in accordance with the laws of the State of Nevada.

            (b) This  Agreement  constitutes  the entire  agreement  between the
parties  and  supersedes  any  prior   understanding  or  agreement  among  them
respecting the subject matter hereof.

            (c)  This  Agreement  may  not be  modified  or  amended  except  by
subsequent  instrument  in  writing  signed by the  parties  hereto.  No term or
condition of this Agreement shall be deemed to have been waived, nor shall there
be any estoppel  against the  enforcement  of any  provision of this  Agreement,
except by written instrument of the party charged with such waiver or estoppel.

            (d) If any term or  provision  of this  Agreement  is held  illegal,
invalid or unenforceable,  such illegality,  invalidity or unenforceability will
not affect the  legality,  validity or  enforceability  of the remainder of this
Agreement.

                           [SIGNATURES ON NEXT PAGE]

                                       6
<PAGE>

      IN WITNESS WHEREOF,  the parties hereto have executed this Agreement as of
the date set forth above.

                                   CONTRACTOR:
                                   Micro Bio-Medical Waste Systems, Inc.

                                   By: /s/ Stephen D. Cummins
                                       -----------------------------------------
                                       Stephen D Cummins, CEO/President

                                   CONSULTANT:
                                   Peter Rospond

                                   By: /s/ Peter Respond
                                       -----------------------------------------
                                       Peter Rospond

                                       7
<PAGE>

                                   EXHIBIT A
                                   ---------

                       Detail of Services to be Provided
                       ---------------------------------

Consultant shall

      Assist the companies in business development  activities including but not
      limited to the following:

      Consultant  shall  coordinate  the  internet  marketing  effort for and on
      behalf of MBWS, and shall provide the Company with an extraordinary amount
      of target specific internet market exposure over the course of the next 12
      months.

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