Document:

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                                                                   EXHIBIT 10.14

                            FIRST AMENDING AGREEMENT

This first amending agreement (the "First Amending Agreement") is dated as of
the 1st day of October, 2003, between NEGOTIART in. "In Trust" (the
"Purchaser") and GSI LUMONICS INC. (the "Vendor").

WHEREAS the Vendor and the Purchaser entered into an agreement of purchase and
sale dated as of the 20th day of June, 2003 (the "Original Agreement ") in
respect of the Property described therein and known as 105 Schneider Road,
Ottawa (formerly Kanata), Ontario.

AND WHEREAS the Original Agreement terminated as provided for therein upon
expiry of the Condition Date, being August 22, 2003, as provided for in the
Original Agreement.

AND WHEREAS the Purchaser and the Vendor wish to reinstate all of the terms of
the original agreement, subject only to specific amendments thereto as provided
for in this First Amending Agreement.

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of which are
acknowledged, the Purchaser and Vendor agree as follows:

1.       The Original Agreement is hereby revived in accordance with all of its
terms and conditions, and the parties hereto acknowledge and agree that they are
bound to all of the provisions of the Original Agreement, subject only to such
amendments thereto as are specifically provided for herein. Any defined terms
not defined herein shall be interpreted in accordance with the corresponding
definitions of such terms in the Original Agreement.

2.       Section 1 of the Original Agreement shall be deleted and replaced with
the following:

         1.       PURCHASE, PURCHASE PRICE AND CLOSING DATE. The Purchaser
         agrees to purchase and the Vendor agrees to sell the Property on the
         terms and conditions set out in this Agreement and for the purchase
         price (the "Purchase Price") of THREE MILLION CANADIAN DOLLARS (CDN
         $3,000,000.00) payable as follows:

         (a)      TWENTY-FIVE THOUSAND CANADIAN DOLLARS (CDN $25,000.00) which
                  was previously paid by the Purchaser on or about June 24, 2003
                  to the Vendor's agent, namely Colliers Macaulay Nicolls
                  (Ontario) Inc. "In Trust" to be held as a deposit (the
                  "Deposit");

         (b)      SEVENTY-FIVE THOUSAND CANADIAN DOLLARS (CDN $75,000.00) by
                  cheque to be delivered by the Purchaser no later than October
                  2, 2003 paid to the Vendor's agent, namely Colliers Macaulay

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                  Nicolls (Ontario) Inc. "In Trust" to be held as a deposit
                  (upon such payment being included within the meaning of the
                  term the "Deposit" for all purposes hereof);

         (c)      an amount of TWO HUNDRED THOUSAND CANADIAN DOLLARS (CDN
                  $200,000), plus applicable adjustments to be apportioned to
                  the Purchaser from and including October 1, 2003, payable to
                  the Vendor as it may direct by cash or certified cheque on the
                  completion of this Agreement; and

         (d)      The balance of the Purchase Price shall be payable to the
                  Vendor in accordance with the mortgage terms contained in
                  section 2 of this Agreement.

         This transaction will be completed on or before the 1st day of
         December, 2003 (the "Closing Date").

3.       Section 2 of the Original Agreement shall be deleted and replaced with
the following:

         2.       MORTGAGE TERMS. Vendor agrees to provide to Purchaser, and
         Purchaser accepts, a mortgage in the amount of the balance due on
         closing as calculated pursuant to section 1 (as amended). The mortgage
         shall otherwise be prepared substantially in accordance with the terms
         and conditions set forth in the mortgage provisions attached as
         Schedule "B" hereto ("Mortgage") and the terms and conditions in this
         section 2. The Mortgage shall be for a term commencing on the Closing
         Date and ending on the 30th day of November 2006. The full amount of
         the Mortgage shall become due and payable upon the expiration of the
         said term which shall be November 30th, 2006. No principal payment of
         any kind is due from Purchaser on the Mortgage prior to November 30,
         2006. The interest rate for the Mortgage shall be 0% if paid on or
         before November 30th, 2006 and the Purchaser shall have the right to
         prepay the Mortgage without bonus or penalty anytime up to and
         including November 30, 2006. If Purchaser makes any such pre-payment
         then Vendor agrees to give Purchaser a discount rate on the pre-paid
         amount from the date that such pre-payment is made, through November
         30, 2006, the maturity date of the Mortgage, at 2.5% annually.

         If payment of the Mortgage is made (i) on or after November 30, 2006
         through December 31, 2006 or (ii) during the cure period as contained
         in Schedule B if Purchaser does not make the payment on November 30,
         2006, interest would accrue at the rate of 6% per annum on the unpaid
         balance.

         Pursuant to the Mortgage the Purchaser shall be required, (1) by a date
         not later than six months following the Closing Date, to deposit the
         sum of TWO HUNDRED FIFTY THOUSAND CANADIAN DOLLARS (CDN $250,000) and
         (2) by a date not later than twelve months following the Closing Date,
         to deposit and additional sum of TWO HUNDRED FIFTY THOUSAND CANADIAN
         DOLLARS (CDN $250,000) (the "Trust Fund") with the Vendor's solicitors,
         in trust, (the "Trustee") to be held in an interest bearing account
         pursuant to an

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         escrow agreement to be prepared in a form acceptable to the Vendor's
         solicitors and the Purchaser's solicitors (both acting reasonably), and
         otherwise providing as follows. The Purchaser may decrease the amount
         that it deposits into the Trust by the amount of any Authorized
         Expenditures (as defined below, in this paragraph). The Mortgage shall
         provided that the Trust Fund may be paid to the Purchaser by the
         Trustee from time to time, in whole or in part, to pay for improvements
         to the Property similar in kind or nature to the improvements described
         in a certain "Suggested Base Building Renovation Costs", as prepared by
         architect Richard Chmiel and dated August 19, 2003 ("Authorized
         Expenditures"). The term Authorized Expenditures shall not include, and
         the Purchaser shall not be entitled to payment from the Trust Fund to
         pay for ongoing maintenance or operating costs for the Property. The
         Trustee shall be permitted and required to pay Trust Fund money to the
         Purchaser in accordance with the foregoing only if the Vendor has
         certified in writing to the Trustee that the Purchaser is not in
         default of any of its obligations under the Mortgage at the time of any
         such disbursement of Trust Fund money. In the event that the Purchaser
         does default under the Mortgage, the Vendor shall be entitled to the
         entire outstanding balance of the Trust Fund which balance shall be
         applied by the Vendor as a payment received from the Purchaser on
         account of amounts owing by the Purchaser to the Vendor pursuant to the
         Mortgage.

         Pursuant to the Mortgage, the Vendor shall be entitled to receive
         quarterly updates on the progress of work undertaken pursuant to the
         above-referenced improvements.

         Vendor as mortgagee will grant a partial release on the lands, which
         does not include the main building on the property, upon the earlier of
         CDN$500,000 deposited in escrow or the expensiture on the building in
         improvements not less than CDN$500,000.

         Pursuant to the Mortgage, any and all leases which the Purchaser
         proposes to enter into from time to time with respect to the Property
         shall be subject to the Vendor's prior written approval, as mortgagee,
         acting reasonably.

4.       Section 3 of the Original Agreement shall be deleted.

5.       Section 4(a) of the Original Agreement shall be amended by the deletion
of subsections subsection 4(a)(i) entitled "Due Diligence" and by the deletion
of subsection 4(a)(iii) entitled "Purchaser's Board Approval" and replaced with
the following:

         iii. Purchaser's Board Approval: This Agreement (as amended) is
         conditional upon the Purchaser obtaining final approval from the Board
         of Directors of NegotiArt Inc. Unless the Purchase gives notice in
         writing delivered to the Vendor not later than 5:00 P.M. Ottawa Time on
         the 3rd day of October, 2003 that this condition is fulfilled, this
         Agreement shall be null and void and the deposit

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         shall be returned to the Purchaser in full together with any interest
         and without deduction.

6.       Section 9 of the Original Agreement shall be deleted and replaced with
the following:

         9.       ADJUSTMENTS.

         a.       Utilities. The amount due on any gas, electric, water, sewer,
         or other utility bill relating to the Property shall be paid by Vendor
         up to and including the Closing Date, provided that on completion of
         this Agreement (as amended) such amounts shall be apportioned to the
         Purchaser from and including the 1st day of October, 2003 as
         adjustments to the Purchase Price and payable by the Purchaser. Any
         utility deposits made by Vendor shall be and remain the property of
         Vendor. Vendor shall terminate all such utilities in its name as of the
         Closing Date and shall have no further obligation to pay any such
         utilities. Purchaser shall be responsible for notifying all utilities
         and commencing their own service as of the Closing Date, in their name.
         Purchaser shall be responsible for paying all utilities commencing on
         the Closing Date.

         b.       Realty Taxes. All real estate taxes in respect to any calendar
         year prior to the year in which the Closing Date occurs, including
         penalties, interest and deferred payments, shall be paid by Vendor on
         or before the Closing Date. Purchaser shall have the same obligation
         for the period of time subsequent to the calendar year in which the
         Closing Date occurs. On completion of this Agreement (as amended) all
         real estate taxes attributable to the Property due and payable in the
         calendar year in which the Closing Date occurs shall be prorated as of
         the 1st day of October 2003 and apportioned to the Purchaser as
         adjustments to the Purchase Price and payable by the Purchaser (the day
         itself to be apportioned to the Purchaser). If the Closing Date shall
         occur before the actual real estate taxes for the year of the Closing
         Date (i.e., taxes due and payable in 2003) are known, the apportionment
         of real estate taxes shall be upon the basis of the real estate taxes
         for the immediately preceding year, provided that if the taxes for the
         current year are thereafter determined to be more or less than the real
         estate taxes for the preceding year (after any appeal in assessed
         valuation thereof is concluded) Vendor and Purchaser promptly shall
         adjust the proration of such real estate taxes and Vendor or Purchaser,
         as the case may be, shall pay to the other any amount required as a
         result of such an adjustment. If there is any refund of property taxes
         payable in respect of 2003 or previous taxation years pursuant to an
         appeal of the property as previously assessed and/or classified by the
         City of Ottawa, the Ontario Property Assessment Corporation, or any
         other agency or body with applicable jurisdiction, then such refund
         shall prorated between Vendor and Purchaser based on the adjustment
         date of October 1, 2003 as provided for above.

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         c.       Insurance. Any insurance maintained by the Vendor will not be
         transferred as of the Closing Date but will remain the responsibility
         of the Vendor until the Closing Date. All risk of loss or damage with
         respect to the Property shall pass from Vendor to Purchaser on the
         Closing Date.

7.       Section 12 of the Original Agreement shall be deleted and replaced with
the following:

         12.      CLOSING DELIVERIES OF THE PURCHASER. The Purchaser will on the
         Closing Date deliver to the Vendor the balance due on closing by a
         certified cheque or bank draft payable to the Vendor, or as the Vendor
         may in writing direct; an undertaking to readjust; the GST certificate
         referred to in Section 10, an executed mortgage in accordance with
         section 2, Mortgage Terms, hereof in substantially the form of Schedule
         "B" attached hereto, and such other documentation as may be reasonably
         necessary and appropriate to complete the transaction contemplated in
         this Agreement

8.       COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which will be deemed an original, but all of which
together will constitute one and the same instrument.

IN WITNESS WHEREOF the parties have executed this Agreement.

NEGOTIART INC. "IN TRUST"

By: \s\ Tony Isaac
    --------------
Name: Tony Isaac
Title: President

GSI LUMONICS INC.

By: \s\ Thomas R. Swain
    --------------------
Name: Thomas R. Swain
Title: Vice President & CFO<PAGE>

EXHIBIT 10.15
GSI Lumonics

                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT is made as of the 1st day of January, 2004 between GSI
Lumonics Inc. (the "Company"), a corporation continued under the laws of New
Brunswick and Charles D. Winston (the "Executive);

         WHEREAS the Company and the Executive have entered into an employment
relationship for their mutual benefit;

         NOW THEREFORE THIS AGREEMENT WITNESSES that the parties have agreed
that the terms and conditions of the relationship shall be as follows:

1.       DUTIES

1.1      The Company confirms the appointment of the Executive as Chief
         Executive Officer of the Company to undertake the duties requested of
         the Executive from time to time by the Board of Directors (the "Board")
         of the Company or such committee of the Board designated by the Board,
         and the Executive accepts the office on the terms and conditions set
         forth in this Agreement.

1.2      The Executive, throughout the term of this Agreement shall devote his
         full time and attention to business and affairs of the Company and
         shall not, without the consent in writing of the Board of Directors
         undertake any other business or occupation or become an officer,
         employee, agent or consultant of any company, firm or individual nor
         hold more than 5% of the issued shares or stock of any company.

1.3      The Executive shall faithfully serve the Company and use his reasonable
         best efforts to promote the interests thereof.

2.       TERM

2.1      The appointment of the Executive shall be for three years from the date
         hereof unless terminated sooner in accordance with the provisions of
         this Agreement.

2.2      If the employment of the Executive by the Company continues, in
         accordance with the provisions of this Agreement, until December 31,
         2006, the Executive shall have the right to remain in the employ of the
         Company, in an advisory and consulting capacity, for an additional two
         years (i.e. until December 31, 2008) (the "Extended Period"). During
         the Extended Period the Executive shall perform such services as may be
         assigned to him from time to time by the Board of Directors provided he
         shall not be required to spend more than 50% of his normal working time
         on Company business. During the Extended Period the Executive shall be
         entitled to an annual salary equal to 50% of the Base Salary and he
         shall be entitled to continue to participate in the Company's stock
         option plans.

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3.       COMPENSATION

3.1      The compensation of the Executive shall be as agreed upon from time to
         time between the Executive and the Company and in no case shall it be
         less than a base salary of US $400,000 ("Base Salary") plus bonus at
         target of 70% of Base Salary.

4.       BENEFITS AND VACATION

4.1      The Executive shall be entitled to all benefit coverage offered by the
         Company during the Term of this Agreement.

5.       NON COMPETITION

5.1      The Executive agrees that the nature of the services to be provided by
         the Executive (which the Executive acknowledges are of a special,
         unique, extraordinary and intellectual character), places the Executive
         in a position of confidence and trust with suppliers, customers and
         employees of the Company. The Executive also acknowledges that the
         suppliers and customers serviced by the Company are located throughout
         the world and, accordingly, it is reasonable that the restrictive
         covenants set forth herein are not limited by any geographical area.
         The Executive understands and accepts the provisions of this Agreement
         may limit the employment opportunities available to the Executive
         following me termination of this Agreement. The Executive understands
         and agrees that it is reasonable and necessary for the protection and
         goodwill of the business of the Company that the Executive makes the
         covenants contained herein.

5.2      Accordingly, it is agreed that the Executive will not, at any time
         during the 24 months immediately following the termination of this
         Agreement for any reason (whether such termination is for cause,
         without cause, or by resignation of the Executive, or by frustration of
         this Agreement, or by passage of time) directly or indirectly either
         alone or in conjunction with any individual or firm, corporation,
         association or other entity, whether as principal, agent shareholder,
         investor or in any other capacity whatsoever:

         (i)      carry on, or be engaged in, concerned with or interested in,
                  directly or indirectly, any business which relates to the
                  establishment, development, promotion, marketing, sales or
                  other provision of products or services similar to those which
                  the Company is engaged (except for an equity share investment
                  in a public company whose shares are listed on a stock
                  exchange where such investment does not in the aggregate
                  exceed 5% of the issued equity shares of such company);

         (ii)     attempt to solicit away from the Company any person or
                  entities with whom the Company or both are engaged including
                  suppliers, employees, customers, agents or distributors;

         (iii)    take any act as a result of which the relations between the
                  Company and any of their suppliers, customers, employees,
                  agents, distributors or others may be impaired or which may
                  otherwise be detrimental to the business of the Company.

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6.       CONFIDENTIALITY

6.1      The Executive acknowledges that, by virtue of his position in the
         Company he will have access to confidential information belonging to
         the Company. The Executive therefore undertakes that he shall neither
         during the term of this agreement nor at any time thereafter publish,
         disclose or otherwise communicate to any person, company, business
         entity or other organization whatsoever or make use of any confidential
         information belonging or relating to the company, except with the prior
         written approval of the Company or strictly in accordance with the
         terms of this Agreement.

6.2      For the purposes of this Agreement, "Confidential Information" means
         all materials relating to the business or affairs of the Company,
         whether of a technical, operational or economic nature, including,
         without limitation, all unpublished information, prices and discounts,
         data, designs, trade secrets, know- how, formulae, plans, techniques,
         processes, manuals, documents, records, drawings, specifications,
         samples, studies, findings, inventions, software, source- code, ideas
         whether patented, patentable of not, reports, information concerning
         employees or officers, financial information and plans, information
         relating to business and financial dealings, research activities,
         business marketing or strategic plans and projects whether present or
         future, equipment, working materials, and lists or identity of
         customers whether they be in written, graphic, oral form or other form
         whatever prepared by the Company or by the Executive on behalf of or
         for the Company or otherwise disclosed to the Executive in the course
         of his engagement and any know-how of the Company or information
         relating to the Company or to any person, firm or other entity with
         which the Company does business which is not generally know to persons
         outside the Company, and any document marked "Confidential" or which
         the Executive might reasonably expect the Company would regard as
         confidential. The Executive acknowledges that the foregoing is intended
         to be illustrative and that other confidential information may exist or
         arise in the future.

6.3      Without prejudice to the generality of this Article, the Executive
         acknowledges that the following "Confidential Information" if
         disclosed or used in contravention of this Article would cause the
         Company substantial damage or loss:

         (i)      names of clients, customers or suppliers of the Company prior
                  to the termination of this Agreement;

         (ii)     discounts, special prices or special contact terms offered to
                  or agreed with clients, customers or suppliers of the Company;

         (iii)    marketing and sales strategies/plans of the Company

         (iv)     planned new services or products of the Company

         (v)      existing or proposed research activities of the Company;

         (vi)     existing or proposed marketing and sales expenditures of the
                  Company

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         (vii)    any drawings, plans designs, processes, formulae,
                  specifications, know-how, trade secrets or any other
                  technical data relating to any existing products or services
                  offered to customers by the Company prior to the termination
                  of this Agreement;

         (viii)   any financial dealings of the Company;

         (ix)     any business transactions or dealing of the Company, or;

         (x)      the decisions or contents of any board meetings of the
                  Company.

6.4      The Executive's obligations under this Article shall apply both during
         the Term of this Agreement and thereafter without limitation in time
         and shall survive the variation, renewal, extension or termination of
         this Agreement.

6.5      The Executive's obligations shall not apply in relation to any
         Confidential Information which;

         (i)      the Executive is authorized by the Company to disclose,
                  publish, communicate or make use of, or which it is necessary
                  for the Executive to disclose, publish, communicate or make
                  use of for the proper and efficient discharge of his duties as
                  an employee of the Company;

         (ii)     the Executive is required by law or any court or other similar
                  judicial body or authority to disclose, publish or communicate
                  or;

         (iii)    has come into the public domain other than by way of
                  unauthorized disclosure by the Executive.

6.6      The Executive agrees that in the event of any violation of the
         provisions of this Agreement, the Company in addition to any other
         right or relief to which it may be entitled, shall be entitled to an
         injunction restraining further breaches of this Agreement and the
         Company, upon applying for an injunction, will not be required to prove
         the inadequacy remedies at law.

7.       REASONABLENESS OF NON-COMPETITION AND CONFIDENTIALITY

7.1      The Executive understands and agrees that the Company has a material
         interest in preserving the relationship it has developed with its
         suppliers and customers against impairment by competitive activities of
         a former employee. Accordingly, the Executive agrees that the
         restrictions and covenants contained in Articles 5 and 6 and the
         Executive's agreement to them by the execution of this Agreement, are
         of the essence of this Agreement.

7.2      The Executive understands and agrees that the restrictions and
         covenants contained in Articles 5 and 6 constitute material inducements
         to the Company to enter into this Agreement and that the Company would
         not enter into this Agreement without such covenants.

7.3      No claim or cause of action by the Executive against the Company,
         whether predicated on this Agreement or otherwise, nor any assertion
         that the Company has not complied with the terms of this Agreement or
         has breached this

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         Agreement fundamentally or otherwise, shall constitute a defense or bar
         to the enforcement by the Company of the covenants or restrictions set
         out in Articles 5 or 6.

8.       TERMINATION OF EMPLOYMENT

8.1      The parties understand and agree that this Agreement may be terminated
         in the following manner in the specified circumstances;

8.1.1    By the Company, in its absolute discretion, without any notice or pay
         in lieu thereof, for cause. Any exercise of discretion pursuant to this
         paragraph shall be considered and acted upon by the Board of Directors.
         For the purposes of this Agreement, cause includes the following:

         (i)      any material breach of the provisions of this Agreement

         (ii)     failure or refusal of the Executive to comply with the lawful
                  directions or instructions of the Company on any material
                  matter;

         (iii)    any conduct of the Executive which in the reasonable opinion
                  of the Company, tends to bring himself or the Company into
                  disrepute;

         (iv)     conviction of the Executive of a criminal offense punishable
                  by felony conviction;

         (v)      any material act of dishonesty directed at the Company or any
                  client of the Company;

         (vi)     use by the Executive of drugs or of alcohol in a manner which
                  materially affects his ability to perform his employment
                  duties.

8.1.2    By the Company, in its absolute discretion, without any notice or pay
         in lieu thereof, in the case of the Executive's Disability. Disability,
         for purposes of this Agreement shall mean any mental or physical
         disability or illness which results in the Executive being unable to
         substantially perform the duties assigned pursuant to this Agreement
         for a continuous period of 150 days or for periods aggregating 180 days
         in any period of 365 days. Any exercise of discretion pursuant to this
         paragraph shall be considered and acted upon by the Special Committee.
         Any such action by the Special Committee shall require a two-thirds
         vote of the Special Committee.

8.1.3    Failure by the Company to rely on the provision of this Article to
terminate this Agreement or to sanction or admonish the Executive in any given
instance or instances, shall not constitute a ratification of the act or acts in
question nor be deemed a waiver of the strict terms of this Article.

8.2      The parties understand and agree that any offer or giving of notice (or
         payment of pay in lieu of notice) by the Company to the Executive on
         termination or proposed termination of this Agreement shall be without
         prejudice and shall not prevent the Company from alleging that the
         termination was for cause.

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<PAGE>

8.3      In the event that the employment of the Executive is terminated by the
         Company during the term of this Agreement (a) without cause and (b) not
         for reasons of disability, the Executive shall be entitled to the
         salary and benefits described in Appendix A to this Agreement. Upon
         compliance by the Company of this paragraph, the Executive shall not be
         entitled to pursue any legal action of any kind for any additional
         payment or notice required to be given. In the event that the Executive
         is terminated for cause or disability, the Executive shall not be
         entitled to any additional payments or benefits except as required by
         law.

8.4      The Executive may voluntarily resign his employment at any time
         provided he shall give the Company 90 days notice in writing of his
         intention to do so. In the event of his voluntary resignation the
         Executive shall be entitled to receive his salary and other benefits up
         to, but not after, the date of termination of his employment.

8.5      On termination of employment the Executive shall immediately resign all
         offices held (including directorships in the Company) and save as
         provided in this Agreement, the Executive shall not be entitled to
         receive any severance payment or compensation for loss of office or
         otherwise by reason of the resignation. If the Executive fails to
         resign as set out herein, the Company is irrevocably authorized to
         appoint some person in the Executive's name and on the Executive's
         behalf to sign any documents or do any things necessary or requisite to
         give effect to it.

9.       EMPLOYER'S PROPERTY

9.1      The Executive acknowledges that all things furnished by the Company to
         the Executive and all equipment, automobiles, credit cards, books,
         records, reports, files, manuals, literature, confidential information
         or other materials shall remain and be considered the exclusive
         property of the Company at all times and shall be surrendered to the
         Company, in good condition, promptly on the termination of the
         Executive's employment irrespective of the time, manner or cause of the
         termination unless expressly provided in this Agreement. .

9.2      Any and all documents, drawing, things, techniques, computer programs
         or related data, invention or improvements of which the Executive may
         conceive or make or assist in the conception or making during the
         period of this Agreement relating or in any way appertaining to or
         connected with the duties, responsibilities or work of the Executive
         pursuant to this Agreement or any of the matters which have been, are,
         may become or were intended to become the subject of the undertakings
         of the Company shall be the sole and exclusive property of the Company,
         as the case may be. The Executive will, whenever requested by the
         Company whether during or after the termination of this Agreement,
         execute any and all applications, assignments and other instruments
         which the Company shall deem necessary in order to apply for and obtain
         patents, copyright, trademark protection or other rights or protection
         in any country for the said documents, drawings, things, techniques,
         computer programs or related data, inventions or improvements and in
         order to assign and convey to the Company

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<PAGE>

         the sole and exclusive right, title and interest in and to the said
         documents, drawings, things, techniques, computer programs or related
         data, invention or improvements.

10.      ASSIGNMENT OF RIGHTS

10.1     The rights which accrue to the Company under this Agreement shall pass
         to its successors or assigns. The rights of the Executive under this
         Agreement are not assignable or transferable in any manner.

11.      NOTICES

11.1     Any notice required or permitted to be given to the Executive shall be
         sufficiently given if delivered to the Executive personally or if
         mailed by registered mail to the Executive's address last known to the
         Company.

11.2     Any notice required or permitted to be given to the company shall be
         sufficiently given if mailed by registered mail to the Company's Head
         Office at its address last known to the Executive, Attention: Chief
         Financial Officer.

12.      SEVERABILITY

12.1     In the event that any provision or part of this Agreement shall be
         deemed void or invalid by a court of competent jurisdiction, the
         remaining provisions or parts shall be and remain in full force and
         effect.

12.2     In the event that any provision of this Agreement shall in its stated
         terms or breadth be deemed void or invalid or unenforceable as a result
         a decision by a court of competent jurisdiction, the said provision
         shall be valid and enforceable to the extent consistent with the
         principle or principles underlying the said decision.

13.      ENTIRE AGREEMENT

13.1     This Agreement constitutes the entire agreement between the parties
         with respect to the employment and appointment of the Executive and any
         and all previous agreements, written or oral, express or implied,
         between the parties or on their behalf, relating to the employment and
         appointment of the Executive by the Company, are terminated and
         cancelled, including but not limited to the Employment Agreement
         between the parties dated January 1, 2000 and the Severance Agreement
         between the parties dated May 24, 2001 and any and all amendments
         thereto.

14.      MODIFICATION OF AGREEMENT

14.1     Any modification to this Agreement must be in writing and signed by the
         parties or it shall have no effect and shall be void.

15.      HEADINGS

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15.1     The headings used in this Agreement are for convenience only and are
         not to be construed in any way as additions to or limitations of the
         covenants and agreements contained in it.

16.      GOVERNING LAW

This Agreement shall be construed in accordance wit the laws of the Commonwealth
of Massachusetts and the U.S.A. without regard to its conflict of law
provisions.

17.      FACSIMILE

17.1     This Agreement will be valid and binding whether executed by original
         or facsimile signature.

18.      COUNTERPARTS

18.1     This Agreement may be executed in any number of counterparts, each of
         which will be deemed an original, but all of which together will
         constitute on and the same instrument.

         IN WITNESS WHEREOF this Agreement has been executive by the parties to
it on the day, month and year first written above.

\s\ LISA VECCHIARELLO                    \s\ CHARLES D. WINSTON
---------------------                    --------------------------------------
 Witness                                 CHARLES D. WINSTON

                                         GSI LUMONICS INC.
                                     Per: \s\ PAUL F. FERRARI
                                         --------------------------------------
                                         Paul F. Ferrari, Chairman of the Board

                                     Per: \s\ BENJAMIN VIRGILIO
                                         --------------------------------------
                                         Benjamin Virgilio,
                                         Chairman, Compensation Committee

                                        8

<PAGE>

                                   APPENDIX A

                            TERMINATION WITHOUT CAUSE

In the event that the employment of the Executive is terminated by the Company
during the term of this Agreement (a) without cause and (b) not for reasons of
disability, the Executive shall be entitled to the following:

1. Base Salary plus bonus at 70% of Base Salary continued for two years from the
date of termination.

2. Company medical and insurance benefits to be continued for a period of two
years from the date of termination. Executive will be required to pay any/all
employee premiums during this period.

3. Company allowance for the use of a leased automobile to be continued for a
period of two years from the date of termination.

4. Annual US $7,000 allowance for tax planning and preparation to be continued
for a period of two years from the date of termination.

5. All unexercised stock options that have not vested shall vest on date of
termination. All options will expire if not exercised within 90 days of the date
of termination.

                                       9

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