Document:

Exhibit 10.5

                              EMPLOYMENT AGREEMENT
                              --------------------

      This  is  an  Employment  Agreement   ("Agreement")   between  Mediscience
Technology Corp., a New Jersey corporation (the "Company"),  and Peter Katevatis
(the "Employee") dated on this 15th day of March1992.

                                    RECITALS
                                    --------

      WHEREAS, the Company and its Board of Directors have determined that it is
to the advantage and interest of the Company to avail itself of the services and
expertise of the Employee; and

      WHEREAS,  the parties  hereto desire by this  Agreement to provide for the
employment  of the  Employee by the Company as its Chief  Executive  Officer and
President;

      NOW, THEREFORE, in consideration of the mutual covenants contained herein,
and intending to be legally bound hereby,  the Company and the Employee agree as
follows;

      1. Employment;  Duties: Authority. Effective the date first above written,
         ------------------------------
the Company  shall  employ the  Employee,  and the  Employee  shall serve in the
position of Chief Executive Officer and President of the Company, subject to the
provisions of this Agreement.  In such capacities,  the Employee shall generally
administer  the  business  of the  Company.  In the  performance  of his  duties
hereunder,  the Employee  shall have the  authority to enter into  contracts and
incur  obligations on behalf of the Company,  to order the disbursement of funds
in payment  thereof,  and to take such other actions as may be in furtherance of
the administration of the Company's  business.  In addition,  the Employee shall
have the  authority  to make any and all  decisions,  relating  to the hiring or
dismissing  of any or all  employees  of the  Company  and to  make  any and all
decisions  relating  to the  engaging  or  terminating  of any and  all  outside
consultants and professional advisors, such as, but not limited to, accountants,
lawyers and investment counsel.

<PAGE>

      2.  Term.  Subject  to  the  provisions  for  termination  as  hereinafter
          ----
provided, the term of this Agreement shall be five (5) years,  commencing on the
date hereof and terminating on the fifth anniversary date of the date hereof.

      3. Extent of Services.  The Employee shall devote substantially all of his
         ------------------
time and  energies to the  Company's  business,  but it is  understood  that the
Employee's  duties shall not require him to render his entire  business time and
attention  to the  performance  of his duties  hereunder,  and the  Employee may
engage in other business  activities,  including,  but not limited to,  services
that may be rendered to third  parties' in his  capacity as an  attorney,  or in
other  consulting  capacities,  provided that the pursuit of such other business
activities  does not  materially  impair the  performance by the Employee of his
duties  as Chief  Executive  Officer  and  President  of the  Company.  With the
exception of those  obligations  to which the Employee is subject as of the date
of this Agreement,  the Employee shall not, during the term of his employment by
the Company  hereunder,  directly or  indirectly,  either as  principal,  agent,
stockholder,  or in any other  capacity,  engage in any  enterprise  or business
which is in  competition  with the  business of the Company as now or  hereafter
conducted.  For purposes  hereof, a business will be deemed in competition if it
involves  the  rendering  of  medical  services  or the  research,  development,
marketing  and/or  manufacture  of medical  devices or  equipment  or such other
activities that may be the same as, or substantially  similar to those,  pursued
by the Company. The Employee expressly agrees that upon a breach or violation of
this paragraph,  the Company, in addition to all other remedies,  shall have the
right to injunctive relief. Any fees or honorarium  received by the Employee for
his  professional  services,  or other  business  activities  engaged  in by the
Employee  outside  the scope of his duties  herein,  shall  constitute  the sole
property of the Employee.

<PAGE>

4.    Compensation.
      ------------

      (a) As  compensation  for  services  rendered by the  Employee  under this
Agreement,  from and after the date hereof the Company  shall pay the Employee a
base salary of not less than One Hundred and Ninety Thousand  ($190,000) Dollars
per annum,  payable in such installments,  not less frequently than monthly,  as
may be determined by the Board of Directors of the Company.

      (b) The Employee's base salary shall be increased annually.  Such increase
shall be based upon such  criteria as increases in the Consumer  Price Index and
the Employee's  contribution to the successful  operation of the Company, but in
no case  shall  any  annual  increase  be less  than  six  (6%)  percent  of the
Employee's  base salary for the year  immediately  preceding such increase.  Any
such increase shall become  effective on January 15 of each  respective  year of
employment.

      (c) In addition to his base salary  hereunder,  the Employee shall be paid
annually a bonus  ("Annual  Bonus") in an amount to be  determined in accordance
with a formula  to be  mutually  agreed  upon by the  Employee  and the Board of
Directors of the Company.  Any payments  required under this paragraph  shall be
made within sixty (60) days of January 15 of each respective year of employment.
Advances  against  the bonus  may be paid  periodically  during  the year at the
discretion of the Board of Directors of the Company.

<PAGE>

      (c) The Company  believes that it is necessary for the proper  performance
of the Employee's  responsibilities that he have use of an automobile and shall,
at its own option, either lease or purchase an automobile for the Employee's use
at an annual cost to the Company of Twelve Thousand  ($12,000)  Dollars per year
plus any  deposits  necessary  to  initiate  such a lease or  consummate  such a
purchase.  In  addition,  the  Company  shall  either pay for or  reimburse  the
Employee  for the cost of  parking,  insurance,  maintenance  and repair on said
automobile and the costs of operating the  automobile in the  performance of his
duties herein.

      (d) The Company  believes that it is necessary for the proper  performance
of the Employee's  responsibilities  that he retain membership in an appropriate
club to be used by him for business  purposes and shall  reimburse  the Employee
for the annual membership dues in such a club.

      (e) Should the Employee in his discretion employ personal legal counsel in
connection with the drafting or subsequent  interpretation and/or implementation
of this  Agreement,  the Company  shall  reimburse him the  reasonable  fees and
expenses incurred by him.

      (f) Should the Employee in his discretion  require  personal legal counsel
in connection  with the performance of his duties  hereunder,  the Company shall
provide the Employee with the services of the Company's counsel at the Company's
expense or, if desired by the Employee,  the Company employ  outside  counsel of
the  Employee's  choice,  and the Company  shall  reimburse the Employee for the
reasonable  fees and expenses  incurred by him to employ outside  counsel of his
choice.

<PAGE>

6.  Vacations:  Holidays.  The  Employee  shall be  entitled  to an annual  paid
    --------------------
vacation of six (6) weeks during each fiscal year of the  Company.  In addition,
the Employee shall receive those holidays which have been traditionally observed
by other  executive  officers of the Company.  Further,  the  Employee  shall be
entitled  to such number of days  absence  each year due to sickness or personal
reasons  as  provided  in the  Company's  benefits  plan as may be in effect for
executive officers.

8.    Termination.
      -----------

      (a)  Termination  with Cause.  The Company may  terminate  the  Employee's
employment  hereunder with cause,  provided that the Company must deliver to the
Employee at least ninety (90) days' advance  written  notice of its intention to
so terminate  this  Agreement,  specifying  in  reasonable  detail the cause for
termination and the intended termination date.

      For purposes hereof, the term "with cause" shall mean:

      (ii)  chronic  alcoholism  or drug  addition  and  which  does,  in  fact,
adversely  and  directly  affect the  business of the Company and which  remains
uncured for a period of ninety (90) days after written notice to the Employee of
actions detrimental to the Company;

      (ii)  conviction of a felony  involving  moral  turpitude  relating to the
business of the Company and which does, in fact,  adversely and directly  affect
the business of the Company;

      (iii)  the  adjudication  by a court of  competent  jurisdiction  that the
Employee has committed any acts of fraud or dishonesty  resulting or intended to
result  directly  or  indirectly  in personal  enrichment  at the expense of the
Company.

<PAGE>

        Upon the termination of the Employee's employment as provided herein, he
shall have no further obligations under this Agreement and the Company's sole
obligation under this Agreement shall be to pay to the Employee the full amounts
of his base salary, accrued bonus, and unreimbursed expenses, if any, for the
period through and including the date of termination only. Any payments required
by this paragraph shall be made within sixty (60) days of the date of
termination.

      (b)  Termination   without  Cause,  (i)  The  Company  may  terminate  the
           ----------------------------
Employee's  employment  at any time upon sixty (60) days  written  notice to the
Employee  specifying the intended date of termination.  For the purposes of this
subparagraph  8(b)(i)  "termination"  shall  not  include  non-renewal  of  this
Agreement  upon the  expiration  of the term  herein;  (ii) in the  event of the
termination  of the  Employee's  employment  pursuant to  subparagraphs  8(b)(i)
above, the Employee shall have no further  obligations to the Company under this
Agreement  and the Company  shall have no further  obligations  to the Employee,
except to pay to the Employee all unreimbursed expenses for the period up to the
termination  date; one hundred (100%) percent of his base salary for the balance
of the term of this Agreement, as if this Agreement had not been terminated; and
two hundred  (200%)  percent of his annual  bonus as paid for the most  recently
ended fiscal year.  For example,  if the  Employee's  employment  was terminated
without cause pursuant to this Section 8(b) effective on the second  anniversary
of this  Agreement,  the Company  would be  required  to pay to the  Employee an
amount equal to his unreimbursed expenses through the termination date, ^Jas his
base salary for the third, fourth and fifth years of the term of this Agreement,
plus 200% of his bonus from the most recently  ended fiscal year. In determining
the  Employee's  base salary for  purposes of this  subparagraph  8(b)(ii),  the
Employee's  base  salary  shall be that base salary in effect on the date before
his termination of employment.  All payments required by this paragraph shall be
made within sixty (60) days of the date of termination.

<PAGE>

      (c)  Termination by the Employee.  This Agreement may be terminated at any
           ---------------------------
time by the Employee upon sixty (60) days written notice to this Company. In the
event os such  termination  neither the Employee nor the Company  shall have any
further  obligations  under this Agreement,  except the Company shall pay to the
Employee the full amounts of his base salary and unreimbursed  expenses, if any,
for the period up to the date of  termination.  Any  payments  required  by this
paragraph shall be made within sixty (60) days of the date of termination.

      9.  Death.  In the event of the death of the  Employee  during the term of
          -----
this Agreement,  this Agreement shall terminate  effective as of the date of the
Employee's   death  and  the   Company   shall  pay  the   Employee's   personal
representative  or nominee the unpaid  compensation,  including  base salary and
accrued, but unreimbursed  expenses due the Employee through the last day of the
month  following the month in which his death shall have occurred.  All payments
pursuant to this  paragraph  shall be made by the Company within sixty (60) days
of the date of Employee's death.

      10.  Sickness;  Accident.  In the  event  that the  employee  is unable to
           -------------------
perform  the  full-time  duties  of his  employment  by reason  of  accident  or
sickness,  and has used all of his accumulated  sick days and personal days, the
Company shall continue to pay the Employee his full  compensation  herein during
such period of his disability,  not to exceed, however, one hundred eighty (180)
days from the commencement of such disability.  Successive periods of disability
of the Employee's failure to perform his full-time duties on account of accident
or sickness shall be considered  separate periods.  Notwithstanding  anything in
this  paragraph  to the  contrary,  the  Company  shall  deduct  from the amount
otherwise  payable  hereunder that amount which becomes  payable to the Employee
pursuant to any disability  income  insurance  contract,  the premiums for which
have been paid by the Company.

<PAGE>

      11.  Indemnification.  The Company  shall  indemnify and hold harmless the
           ---------------
Employee  against  expenses,  judgments,  fines and amounts  paid in  settlement
(collectively  "Losses")  incurred in  connection  with the  performance  of his
duties  hereunder.  Any payments required by this paragraph shall be made within
sixty  (60) days of the date on which  the  Employee  shall  have  incurred  the
underlying Losses giving rise to such obligation.

      12.  Conversion  of Unpaid  Obligations.  In the event that the Company is
           ----------------------------------
unable  to  make  payment  in  full to the  Employee  of any of its  obligations
hereunder  as they  become due,  including  particularly  but  without  limiting
thereto,  any obligation  upon  termination  of the Employee's  employment or to
indemnify the Employee,  such  obligations  shall be converted to a note bearing
interest  at the prime rate of Chase  Manhattan  Bank as  published  in the Wall
Street Journal on the day such obligations  becomes due. Such note shall require
equal quarterly  payments of interest and principal such that the obligations is
paid in full one (1) year from its original due date.

      13.  Notices.  Any notice or other  communication  required  or  permitted
           -------
hereunder shall be in writing and shall be delivered personally, or telegraphed,
telexed,  sent by  facsimile  transmission,  sent by  certified,  registered  or
express mail,  postage  prepaid,  or by reputable  air courier.  Any such notice
shall be deemed given when so delivered personally, telegraphed, telexed or sent
by facsimile  transmission or, if mailed,  two days after the date of deposit in
the United States mail or, if sent by courier, one day after the date of deposit
with such courier, addressed as follows: If to the Company, addressed to:

           Mediscience Technology Corp.
           1235 Folkestone Way
           Cherry Hill, New Jersey 08034

           with a copy to:

           Kaufmann Gildin & Carlin
           777 Third Avenue
           New York, New York 10017

           If to Employee, addressed to:

           Mr. Peter Katevatis
           1235 Folkestone Way
           Cherry Hill, New Jersey 08034

      Any party may change its  address  for notice  hereunder  by notice to the
other party hereto.

      14. Assignability.  This Agreement shall not be assignable by either party
          -------------
hereto  without  the prior  written  consent  of the other  party,  and any such
purported assignment shall be void at initio: provided,  however, that Executive
                                      ------
may not unreasonably withhold his consent to such assignment by the Company.

      15. Arbitration. At the option of the Employee, any disputes arising under
          -----------
or related to this  Agreement  shall be determined  exclusively  by  arbitration
before  the   American   Arbitration   Association   ("AAA")  in   Philadelphia,
Pennsylvania,  or another location  mutually agreed upon, and shall be conducted
in accordance with the Commercial Rules of the AAA then in effect.

      16.  Governing  Law.  The  parties  agree  that  this  Agreement  shall be
           --------------
construed and governed in accordance  with the internal laws of the State of New
York  applicable to  agreements  made and to be performed  entirely  within such
state.

      17. Binding Effect.  This Agreement shall be binding upon and inure to the
          --------------
benefit of the parties hereto and their respective heirs, legal representatives,
executors, administrators, successors and assigns, subject to the limitations on
assignment referred to in Section 6.2 hereof.

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

      19. Entire Agreement.  This Agreement  represents the entire agreement and
          ----------------
understanding  of the  parties  hereto  with  respect to the  matters  set forth
herein,  this  Agreement   supersedes  all  prior   negotiations,   discussions,
correspondence,   communications,  understandings  and  agreements  between  the
parties,  written or oral, relating to the subject matter of this Agreement This
Agreement may be amended,  superseded,  canceled,  renewed,  or extended and the
terms hereof may be waived,  only by a written  instrument signed by the parties
hereto or, in the case of a waiver, by the party waiving compliance.

      20.  Waivers.  No delay on the part of any party in exercising  any right,
           -------
power or privilege  hereunder shall operate as a waiver  thereof.  Nor shall any
waiver on the part of any party of any such right, power or privilege hereunder,
nor any single pr partial exercise of any right,  power or privilege  hereunder,
preclude  any other or further  exercise  thereof or the  exercise  of any other
right, power or privilege hereunder.

      21. Headings.  The headings in this Agreement are inserted for convenience
          --------
only and are not to be considered in the  interpretation  or construction of the
provisions hereof.

      IN WITNESS WHEREOF, the Company and Employee have signed this Agreement as
of the day and year written above.

                                                MEDISCIENCE TECHNOLOGY CORP.

                                                /s/ Winston Frost
                                                -------------------------------
                                                Winston Frost

                                                /s/ Peter Katevatis
                                                -------------------
                                                Peter KatevatisExhibit 10.13

THIS LEASE  AGREEMENT  (hereinafter  referred  to as the  "Agreement")  made and
entered into this 25th day of July 2002, by and between Peter  Katevatis of 1235
Folkstone Way, Cherry Hill NJ_(Lessor)_and MediscienceTechnoIogyCorp.  (Lessee),
a New Jersey Publicly trading Corporation (MDSC-BB)

WITNESSETH:

      WHEREAS, Lessor is the fee owner of certain real property being, lying and
situate    in    Camden     County,     such    real    property     having    a
streetaddressoi235FolkstoneWay Cherry Hill New Jersey.

      WHEREAS,  Lessor is desirous  of leasing  the  Premises to Lessee upon the
terms and conditions as contained herein; and

      WHEREAS,  Lessee is desirous of leasing  the  Premises  from Lessor on the
terms and conditions as contained herein; and

      WHEREAS,  the parties  acknowledge this document as an confirmation of the
past and  present  existing  lease  understanding  that is and has been in place
between the parties for the last 10 years, properly audited and reported as such
in each of lessees,  (Mediscience Technology Corp.) SEC corporate 10-K filings--
incorporated herein by reference (see EDGAR SEC filings)

      NOW, THEREFORE,  for and in consideration of the covenants and obligations
contained  herein and other good and  valuable  consideration,  the  receipt and
sufficiency of which is hereby acknowledged,  the parties hereto intending to be
bound under New Jersey Law hereby agree as follows:

      1.    TERM.  Lessor  leases to Lessee and Lessee  leases  from  Lessor the
            above  described  Premises  together with any and all  appurtenances
            thereto, for a term: MONTH TO MONTH.

      2.    RENT.  The total rent for the term  hereof is the total  unqualified
            assumption  by Lessee  Mediscience  Technology  Corp.  of all Taxes,
            Maintenance, Insurance, Utilities and required repairs of whatsoever
            nature to the property 1235 Foikstone Way Cherry Hill NJ.

      4.    USE OF PREMISES.  The Premises has been, is and shall continue to be
            used and occupied by Lessee as its  corporate  offices,  reported as
            such in all Mediscience Corporate SEC filings,  including New Jersey
            NOL program documentation, (funding source)

      5.    CONDITION OF PREMISES.  Lessee  stipulates,  represents and warrants
            that Lessee has examined the Premises, and that they are at the time
            of this  Lease  in good  order,  repair,  and in a safe,  clean  and
            tenantable condition.

<PAGE>

      6     UTILITIES.  Lessee shall be responsible for arranging for and paying
            for all utility sen/ices required on the Premises.

      7     MAINTENANCE  AND REPAIR;  RULES.  Lessee will,  at its sole expense,
            keep  and  maintain  the  Premises  and  appurtenances  in good  and
            sanitary  condition and repair during the term of this Agreement and
            any  renewal  thereof.   Without  limiting  the  generality  of  the
            foregoing, Lessee shall:

            (b)   Keep all windows,  glass,  window coverings,  doors, locks and
                  hardware in good, clean order and repair;

            (g)   Keep and maintain all air conditioning operational

            (h)   Keep all  lavatories,  sinks,  toilets,  and all other  water,
                  sewage and plumbing  apparatus  in good order and repair.  Any
                  damage to any such  apparatus  and the cost of  repairing  and
                  maintaining plumbing capability shall be borne by Lessee;

      8.    DAMAGE TO  PREMISES,  in the event the  Premises  are  destroyed  or
            rendered wholly un-tenantable by fire, storm,  earthquake,  or other
            casualty  not caused by the  negligence  of Lessee,  this  Agreement
            shall  terminate  from such time except for the purpose of enforcing
            rights that may have then accrued hereunder.  The rental obligations
            provided  for herein  shall  then be  accounted  for by and  between
            Lessor and Lessee up to the time of such  injury or  destruction  of
            the Premises

      9.    SURRENDER  OF  PREMISES.  Upon the  expiration  of the term  hereof,
            Lessee shall surrender the Premises in as good a state and condition
            as they were at the  commencement of this Agreement,  reasonable use
            and wear and tear thereof and damages by the elements excepted

      10.   DEFAULT.  If  Lessee  fails  to  comply  with  any of  the  material
            provisions of this Agreement and the default continues for seven (7)
            days thereafter,  Lessor may, at Lessor's  option,  exercise any and
            all rights and  remedies  available to Lessor at law or in equity or
            may immediately terminate this Agreement,

      11.   GOVERNING  LAW.  This  Agreement  shall be governed,  construed  and
            interpreted  by,  through  and  under  the Laws of the  State of New
            Jersey.

      12.   SEVERABILITY.  If any provision of this Agreement or the application
            thereof  shall,  for any  reason  and to any  extent,  be invalid or
            unenforceable,  neither  the  remainder  of this  Agreement  nor the
            application  of  the  provision  to  other   persons,   entities  or
            circumstances  shall be  affected  thereby,  but  instead  shal!  be
            enforced to the maximum extent  permitted by  law.

      13    BINDING EFFECT.  The covenants,  obligations  and conditions  herein
            contained shall be binding on and inure to the benefit of the heirs,
            legal representatives, and assigns of the parties hereto. 25.

<PAGE>

      13    CONSTRUCTION.   The  pronouns  used  herein  shall  include,   where
            appropriate, either gender or both, singular and plural.

      14    NON-WAIVER.  No  indulgence,  waiver,  election or  non-election  by
            Lessor  under  this  Agreement  shall  affect  Lessee's  duties  and
            liabilities hereunder.

      15    MODIFICATION,  The parties hereby agree that this document  contains
            be modified, changed, altered or amended tn any way except through a
            written amendment signed by all of the parties hereto.

IN WITNESS  WHEREOF,  the parties have executed this  Agreement on and as of the
date first above written. July 25, 2002

 PETER KATEVATIS ESQ.CHAIRMAN/CEO Lessor                   /s/ Peter Katevatis
                                                               ---------------
                                                               Peter Katevatis
JOHN M. KENNEDY VICE Pres. DIRECTOR for
Mediscience Technology Corp. Lessee                        /s/ John Kennedy
                                                               ------------
                                                               John Kennedy
JOHN MATHEU, DIRECTOR for Mediscience Technology Corp. Lessee

                                                           /s/ John Matheu
                                                               -----------
                                                               John Matheu

WILLIAM ARMSTRONG, DIRECTOR for Mediscience Technology Cop. Lessee

                                                           /s/ William Armstrong
                                                               -----------------
                                                               William Armstrong

                                                               for

                                                           /s/ Sidney Braginsky
                                                               ----------------
                                                               Sidney Braginsky
SIDNEY BRAGINSKY, PRlES/COO, DIRECTOR
Mediscience Technology Corp. Lessee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}]]