Document:

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                                  EXHIBIT 10.7

                              EMPLOYMENT AGREEMENT

         Employment Agreement, effective as of April 25, 2001, between
InterSystems, Inc., a Delaware corporation (the "Company" or "Employer"), and
Herbert M. Pearlman, an individual with an address at c/o Helm Capital Group,
Inc., 537 Steamboat Road, Greenwich, CT 06830 ("Employee").

         WHEREAS, Employee is currently employed by the Company to serve as its
Chairman of the Board;

         WHEREAS, Employee and the Company desire to modify Employee's role with
the Company and concomitantly his employment arrangement;

         WHEREAS, the Company desires to employ, on the terms and subject to the
conditions set forth herein, the Employee;

         WHEREAS, the Employee desires to be employed by the Company on the
terms and conditions set forth herein;

         NOW THEREFORE, in consideration of the foregoing premises and the
mutual covenants hereinafter set forth, the parties agree as follows:

1.       EMPLOYMENT:

         The Company hereby employs the Employee, and the Employee hereby
accepts employment, upon the terms and conditions hereinafter set forth.
Employee agrees that he has no employment or other severance rights of any kind
or nature with the Company or its subsidiaries other than expressly provided in
this Agreement and that any and all other employment agreements between the
Company (or any of its subsidiaries) and him are hereby terminated and of no
further force and effect. Employee hereby resigns as the Company's Chairman of
the Board of Directors and from all other offices he currently holds with the
Company or any of its subsidiaries effective as of the date hereof.

2.       TERM:

         Subject to the provisions of termination as hereinafter provided, the
term of this Agreement shall begin on the date hereof and shall continue until
December 31, 2009 (such time period, subject
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to earlier termination in accordance with the terms and provisions of this
Agreement, being referred to as the "Employment Period").

3.       COMPENSATION:

         For all Employee's services hereunder the Company shall pay to Employee
or for Employee's benefit the following amounts:

         A. An annual salary (the "Base Salary") that shall be at the per annum
         rate of $60,000 for each calendar year during the Employment Period;

         B. An allowance for the office expenses (the "Office Expense
         Allowance") of Employee at the following per annum rates: $36,000
         during calendar year 2001; $30,600 during calendar year 2002; $25,200
         during calendar year 2003; $19,800 during calendar year 2004; and
         $15,000 during 2005 and for each calendar year thereafter during the
         Employment Period.

         C. An allowance to be applied to the premiums on a life insurance
         policy or policies insuring Employee's life and payable to such
         beneficiaries as he shall from time to time direct (the "Insurance
         Allowance"; the Base Salary, the Office Expense Allowance, the
         Insurance Allowance, and the "Health Coverage Amount" (defined below)
         are collectively referred to as the "Employment Compensation"), such
         Insurance Allowance to be payable at the following per annum rates:
         $40,177 during calendar year 2001 (which amount is the total annual sum
         currently being paid by the Company with respect to life insurance
         insuring Employee's life and payable to his beneficiaries); $34,150
         during calendar year 2002; $28,123 during calendar year 2003; $22,096
         during calendar year 2004; and $16,069 during calendar year 2005.
         Notwithstanding anything to the contrary contained in this Agreement,
         no Insurance Allowance shall be payable for any portion of the
         Employment Period after 2005.

         The Base Salary shall be payable in equal installments in conformity
with the regular payroll policy of the Company. The Office Expense Allowance
shall be payable by the Company to Employee, or as Employee otherwise directs,
in equal monthly installments during the Employment Period, with each such
installment payable on the first day of each calendar month during such period.
The Insurance Allowance shall be paid in installments by the Company directly to
the insurer on the policies described on Schedule A, for so long (during the
Employment Period and prior to December 31, 2005) as such policies are still in
effect. Installments of the Insurance Allowance (each, an "Insurance Allowance
Installment") shall be paid at such times as the premium installments ("Premium
Installments") on such policies are due and payable to the insurer, and each
installment of the Insurance Allowance that is being paid with each premium
installment shall be deemed to equal the product of (i) the amount of the total
Insurance Allowance for the year in which such premium installment is being
paid, multiplied by (ii) a fraction the numerator of which is the premium

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installment being paid and the denominator of which is the total premium
installments due for all such life insurance policies set forth on Schedule A
for the year. For so long as the Company is required to pay the Insurance
Allowance, the Company agrees to timely pay the entire amount of the Premium
Installments described on Schedule A when due, and Employee agrees to reimburse
the Company, within 30 days of the date each such Premium Installment is due,
for that portion of the Premium Installment which is in excess of the Insurance
Allowance Installment which is due at the same time as such Premium Installment.
In addition to other remedies the Company may have at law, in equity or pursuant
to this Agreement, the Company will be entitled to offset the amount of any
reimbursement that Employee fails to pay hereunder against future installment
payments by the Company of Employment Compensation. If the Employment Period
commences or terminates during any calendar year, the per annum Base Salary,
Office Expense Allowance and Insurance Allowance set forth herein shall be
reduced proportionately based upon the actual number of days of the Employment
Period during such year.

4.       DUTIES:

         Employee shall advise the Company regarding the management,
administration, business and financial condition of the Company (including,
without limitation, regarding (i) potential acquisitions and divestitures, (ii)
investments of the Company in other business entities and (iii) management
personnel employed by the Company). Employee shall report to the Chairman of the
Board of the Company.

         It is understood and agreed that Employee has other business
investments with respect to which he participates in the management, and that
accordingly, there is no obligation for Employee to devote all, or any specific
portion, of his business related time to his duties hereunder, and that Employee
will devote such amount of time as he reasonably deems necessary for the
performance of his duties. Unless the Company and Employee otherwise agree,
Employee shall perform his duties hereunder from an office located in the New
York City Metropolitan area (including, without limitation, Westchester County,
New York or Greenwich, Connecticut) and/or in Palm Beach, Florida, such location
to be determined in Employee's discretion.

5.       INTENTIONALLY BLANK

6.       INTENTIONALLY BLANK

7.       FRINGE BENEFITS:

         If Employee or Employee's spouse does not otherwise have any health
insurance that includes in its coverage reimbursement for, or payment of, the
costs of prescribed drugs (including, without limitation, being covered under
(x) a health insurance plan or policy personally maintained by them,

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(y) a health insurance plan or policy maintained by any other enterprise or
association, or (z) medicare or medicaid or any other similar governmental
program now or hereafter in existence), at any time from and after the date
hereof, then upon notice from Employee or his spouse, the Company shall, within
30 days of its receipt of such notice, include the Employee and his spouse under
its group health insurance plan for so long as the Employee and his spouse lack
such other coverage (the period of time during which the Company is obligated to
maintain such coverage is referred to as the "Coverage Period;" and the amount
paid by the Company to include Employee or his spouse in its health insurance
plan is referred to as the "Health Coverage Amount"). Notwithstanding the
foregoing or anything else to the contrary contained herein: (i) the Company
shall have no obligation to cover the Employee or his spouse during all or any
portion of the Coverage Period that the Company does not have a group health
insurance plan or the Employee or his spouse is not eligible to be included and
covered by the plan then in effect ; (ii) in the event that the health insurance
premiums to maintain the Company's then current health insurance plan and
coverage increase by more than 5% per employee as a result of Employee or his
spouse being covered thereunder, then any such increase shall be offset against
the Employment Compensation otherwise payable to Employee hereunder; and (iii)
the obligations to pay the Health Coverage Amount during the Coverage Period,
subject to the terms and conditions contained herein, shall survive the
termination of the Employment Period or the termination of this Agreement;
provided, however, that in any event the Company shall not be obligated to pay
more than $15,000 per year for such health insurance coverage whether during or
after the Employment Period; provided, further, however, that all obligations of
the Company under this paragraph shall immediately cease upon any termination of
the Employment Period pursuant to Section 10 (c)

         In addition to being entitled to health insurance coverage, subject to
the terms and conditions contained in the immediately preceding paragraph,
Employee shall be entitled to participate on the same basis, and subject to the
same qualifications as other employees of the Company (other than those benefits
provided under or pursuant to separate individual employment agreements or
arrangements), in any pension, profit sharing, insurance, stock purchase,
savings, and other fringe benefit plans in effect from time to time with respect
to all employees of the Company (the "Fringe Benefits"). Employee's Base salary
shall constitute the compensation on the basis of which the amount of Employee's
benefits under any such plan shall be fixed and determined.

8.        DIRECTORS AND OFFICERS LIABILITY INSURANCE:

         The Company agrees that, until at least December 31, 2004, Employee
shall continue to be covered by the Company's directors and officers liability
insurance policies (the "Current D&O Policy") to the extent he would otherwise
be eligible for such coverage under such policies prior to the date hereof. In
the event that the Current D&O Policy is canceled or terminated by the insurer,
or it otherwise expires, then, upon notice of such impending cancellation or
termination, or upon such expiration, the Company agrees to immediately obtain a
replacement or renewal policy with

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substantially similar terms as the Current D&O Policy to insure that Employee
will continue to be covered to the same extent as if the Current D&O Policy had
not been canceled or terminated; provided, however, that the cost to the Company
of obtaining such replacement or renewal policy is not materially increased from
the Current D&O Policy.

9.        EXPENSES:

         The Employee shall be entitled to reimbursement, upon presentation (in
accordance with then effective Company policies) of a voucher, with accompanying
receipts, indicating the amount and purpose, for reasonable expenses incurred on
behalf of the Company.

10.     TERMINATION:

         (a) Death: If Employee dies during the Employment Period, the Company
shall pay to Employee's designated beneficiary (or, in the event for the death
of or failure to designate a beneficiary, Employee's personal representative),
or otherwise for Employee's benefit as provided herein, one hundred (100%) of
his Employment Compensation for the period prior to death and the lesser of (i)
his Base Salary for a period of two years after termination, or (ii) his Base
Salary for the duration of the Employment Period without giving effect to the
termination pursuant to this Section 10(a). Such amount shall be payable in such
installments as the Base Salary would otherwise have been payable pursuant to
this Agreement if the Employment Period had not been terminated hereunder.
Employee shall not be entitled to be paid any amount of Employment Compensation
with respect to the period after termination, other than as expressly set forth
in the immediately preceding clause (i) or (ii). The last day of the Employment
Period shall be deemed to be the date of death. Other than as expressly set
forth in Section 3, the Company shall have no obligation whatsoever to cover
Employee under any life insurance plan or policy.

         (b) Disability. If Employee suffers a "Disability" (as hereinafter
defined) and as a result is unable to perform substantially and continuously his
duties under this Agreement for a period of 120 consecutive days, the Company
shall have the right to terminate Employee's employment hereunder, effective
thirty (30) days after notice in writing to Employee. The Employment Period
shall be deemed to have terminated on the effective date of the termination of
Employee's employment. If the Company shall terminate this Agreement as a result
of Employee's Disability, the Company shall pay to Employee, or for Employee's
benefit, one hundred (100%) percent of his Employment Compensation for the
Employment Period prior to such termination, and the lesser of (i) his
Employment Compensation (without the Office Expense Allowance) for a period of
two years after termination, or (ii) his Employment Compensation (without the
Office Expense Allowance) for the duration of the Employment Period without
giving effect to the termination pursuant to this Section 10(b). Such amount
shall be payable at the same time (and to such persons or entities) as said
compensation would otherwise have been payable under this Agreement if the
Employment Period

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had not been terminated hereunder. Employee shall not be entitled to be paid any
amount of Employment Compensation with respect to the period after termination,
other than as expressly set forth in the immediately preceding clause (i) or
(ii). For purposes of this Agreement, "Disability" shall mean the mental or
physical inability of the Employee to materially perform his duties under this
Agreement. The Company shall have no obligation whatsoever to cover Employee
under any disability insurance policy or plan.

         (c) Termination for Employee's Breach. The Company shall have the right
to terminate Employee's employment hereunder if Employee materially violates his
obligations under this Agreement and such violation continues after having
received written notice of such violation and 30 days to cure such violation to
the satisfaction of the Company. The Company may immediately terminate
Employee's employment hereunder (i) upon the Company's determination that there
has been a defalcation of the Company's funds by Employee, (ii) upon conviction
of Employee on a felony charge, (iii) upon Employee's commission of an act of
moral turpitude which is in some manner related to the business of the Company,
(iv) upon the Company's determination that Employee has continued to have
unauthorized discussions of the Company's business activities, or continued to
improperly disclose trade secrets or confidential information concerning the
Company's business activities or proposed business activities, after having been
provided with written notice from the Company with respect to unauthorized
discussions or improper disclosure of trade secrets or confidential information,
(v) upon any breach whatsoever by Employee, Helm Capital Group, Inc. or Helm
Ventures Inc. (collectively Helm Capital Group, Inc. and Helm Ventures Inc. are
referred to as "Helm") (or any persons or entities to whom Employee or Helm
transfer shares of capital stock or securities of the Company and who are
required to be bound thereby) of that certain Stockholders Agreement, dated as
of the date hereof, by and among Employee, David S. Lawi, Helm, Coast Capital
Partners LLC. and the Company. The Employment Period shall be deemed to have
ended on the effective date of the termination of Employee's employment
hereunder.

11.     CUSTOMER LISTS AND TRADE SECRETS:

         From and after the date of this Agreement, including both during and
after the Employment Period, Employee shall treat as the Company's confidential
trade secrets all data, information, ideas, knowledge and papers pertaining to
the affairs of the Company. Without limiting the generality of the foregoing,
such trade secrets shall include: the identity of the Company's customers,
suppliers and prospective customers and suppliers; the identity of the Company's
creditors and other sources of financing or potential sources of financing, the
Company's estimating and costing procedures and the cost of gross prices charged
by the Company for its products; the prices or other consideration charged to or
required of the Company by any of its suppliers or potential suppliers; and the
Company's sales and promotional policies. Employee shall not reveal said trade
secrets to others except in the proper exercise of his duties and authorities
for the Company, nor use his knowledge thereof in any way that would be
detrimental to the interests of the Company, unless compelled to

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disclose such information by judicial or administrative process; provided,
however, that the divulging or communication of information shall not be a
breach of this Section 11 to the extent that such information was (a) previously
known by the party to which it is provided or (b) already in the public domain,
all through no fault of Employee. Employee shall also treat all information
pertaining to the affairs of the Company's suppliers and customers and
prospective customers and suppliers as confidential trade secrets of such
customers and suppliers and prospective customers and suppliers.

12.     CERTAIN RESTRICTIONS:

         During the Employment Period and for a period of two years thereafter,
Employee shall not (i) influence or attempt to influence any customer not to do
business with the Company, (ii) induce, invite, solicit or attempt to induce,
invite or solicit any person who shall have been an employee of the Company at
the time of termination of the Employment Period or during any part of the
period of one year prior to such date to leave the employment of the Company or
to become interested in or in any way connected with a business similar to that
of the Company, or employ or attempt to employ any such employee of the Company,
(iii) divert or attempt to divert any business from the Company, or (iv)
interfere or attempt to interfere in any way with the Company's relationship
with any such customers, employees or suppliers.

         In addition to any other restrictions on Employee's activities,
Employee shall not, during the Employment Period, directly or indirectly, except
with the written consent of Company, engage in any business (whether alone or as
a consultant, officer, director, owner, employee, partner or other active or
passive participant) with or for, be financially interested in, or represent or
otherwise render assistance or services to any person or entity who or which
competes or intends to compete, or who or which is affiliated (by reason of
common control, ownership or otherwise) with any other person or entity who or
which competes or intends to compete, directly or indirectly, with the business
then conducted by the Company or any of its affiliates.

         Notwithstanding anything to the contrary contained in this Section 12
or otherwise in this Agreement, it is understood and agreed that (i) Employee
invests from time to time in business opportunities that are presented to him
and that his investment or other involvement in such businesses shall not be
deemed a violation of the restrictions contained in this Section 12 so long as
such other businesses are not in competition with the Company, and (ii) there
shall be no obligation for Employee to present such other business opportunities
to the Company.

13.     INJUNCTION:

         Notwithstanding any other provision of this Agreement, Employee
acknowledges and agrees that in the event of a violation or threatened violation
of any of the provisions of Sections 11 or 12, the Company shall have no
adequate remedy at law and shall therefore be entitled to enforce each

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such provision by temporary or permanent injunctive or mandatory relief obtained
in any court of competent jurisdiction without the necessity of proving damages,
without posting bond or other security, and without prejudice to any other
remedies that may be available at law or in equity.

         Employee acknowledges that the time period and other types of
restrictions imposed by Sections 11 and 12 are reasonably required for the
protection of Company. If any part or parts of Sections 11 or 12 shall be held
to be unenforceable or invalid, then the remaining parts shall nevertheless
continue to be valid and enforceable as though the invalid portion or portions
were not a part hereof. If any of the provisions of Sections 11 or 12 relating
to the time period or other types of restrictions shall be deemed to exceed the
maximum period of time or otherwise be deemed by a court of competent
jurisdiction unenforceable, then the time and other types of restrictions shall,
for purposes of Sections 11 and 12, be deemed to be the maximum time period
and/or such restriction which a court of competent jurisdiction would deem valid
and enforceable in any state in which such court of competent jurisdiction shall
be convened.

         For purposes of Sections 11 and 12, the term "Company"shall include, in
addition to InterSystems, Inc., a Delaware corporation ("InterSystems"), all of
InterSystems' subsidiaries and affiliates.

         Notwithstanding anything to the contrary contained herein, the terms
and provisions of Sections 11 and 12 and this Section 13 shall survive any
termination of this Agreement or the end of the Employment Period.

14.     OPTIONS TO PURCHASE COMMON STOCK:

         Simultaneous herewith the Company shall issue to Employee 300,000
common stock purchase options, each entitling Employee to purchase one share of
the Company's common stock, $.01 par value per share, at a price of $.50 per
share, and expiring on December 31, 2009; each such option to be evidenced by,
and subject to the terms and conditions contained in, an Option Agreement in the
form annexed hereto as Exhibit A.

15.     MISCELLANEOUS PROVISIONS:

         (a) Notice and Communications. Any and all notices or other
communications or deliveries required or permitted to be provided hereunder
shall be in writing and shall be deemed given and effective on the earliest of
(i) the date of transmission, if such notice or communication is delivered via
facsimile at the facsimile telephone number specified in this Paragraph prior to
5:00 p.m. (New York City time) on a business day, (ii) the business day after
the date of transmission, if such notice or communication is delivered via
facsimile at the facsimile telephone number specified herein later that 5:00
p.m. (New York City time) on any date and earlier than 11:59 p.m. (New York City
time)

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on such date, (iii) the business day following the date of mailing, if sent by
nationally recognized overnight courier service, (iv) the fifth business day
after being mailed by first class registered or certified mail, postage prepaid
addressed in accordance with this Section 14 to the party to whom such notice is
intended to be delivered or (v) upon actual receipt by the party to whom such
notice is required to be given. The address for such notices and communications
shall be a follows:

         If to the Company:         1011 Highway 71
                                    Spring Lake, New Jersey 07762
                                    Attention: Walter M. Craig, Jr., President
                                    Fax No. 732-282-1811

         If to Employee:            Herbert M. Pearlman
                                    537 Steamboat Road
                                    Greenwich, CT. 06830
                                    Fax No. 203-629-1961

         (b) Entire Agreement. It is understood and agreed by the parties hereto
that this Agreement is entirely voluntary, and that all prior agreements and
understandings between the parties with respect to the subject matter of this
Agreement are superseded by this Agreement with respect to all periods from and
after the effective date of this Agreement, and that this Agreement constitutes
the entire understanding between the parties with respect to employment of the
Employee by the Company from and after the effective date of this Agreement.
Employee acknowledges that he has relied on no representations, oral or written,
that are not set forth in this Agreement and that no representations have been
made, other than those set forth in this Agreement. This Agreement may not be
modified, amended, changed or discharged, except by a writing signed by the
parties hereto and then only to the extent therein set forth.

         (c) Non-Delegation, Etc. Employee may not assign any of its rights or
obligations under this Agreement.

         (d) Waiver. No waiver of any breach of this agreement or of any
objection to any act or omission connected herewith shall be implied or claimed
by any party, or be deemed to constitute a consent to any continuation of such
breach, act or omission, unless in a writing signed by the party against whom
enforcement of such waiver or consent is sought, and then only to the extent
therein set forth.

         (e) Section Headings. The section headings of this agreement are solely
for the purpose of convenience and shall neither be deemed a part of this
agreement nor used in any interpretation thereof.

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         (f) Governing Law. This Agreement and the relationship of the parties
shall be governed by, and construed in accordance with, the laws of the State of
New Jersey without giving effect to conflict of laws principles.

         (g) Severability. If any provision of this Agreement or part thereof,
is held to be unenforceable, the remainder of such provision and this Agreement,
as the case may be, shall nevertheless remain in full force and effect.

         (h) Binding Effect. Subject to the restrictions on assignment contained
in Section 14(c), this Agreement shall be binding upon and inure to the benefit
of Employee, the Company, and the Company's successors and assigns.

         (i) Arbitration. Any controversy or claim arising out of or relating to
this Agreement and the subject matter addressed herein (or otherwise arising
with respect to Employee's past, current or future employment relationship with
the Company) shall be settled by arbitration before a single arbitrator and
administered by the American Arbitration Association, located in Newark, New
Jersey, in accordance with the rules thereof.

         (j) Counterparts. This Agreement may be executed in two or more
counterparts, all of which when taken together shall be considered one and the
same agreement and shall become effective when counterparts have been signed by
each party and delivered to the other party, it being understood that both
parties need not sign the same counterpart.

         IN WITNESS WHEREOF, the parties hereto execute this Agreement and
intend to be hereby bound, effective as of the date first above written.

                                             INTERSYSTEMS, INC.

                                             By:
                                                Name:
                                                Title:

                                                Herbert M. Pearlman

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                                  EXHIBIT 10.8

                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT is made as of April 1, 2001, and has been entered into
between InterSystems, Inc., a Delaware corporation with its principal offices at
1011 Highway 71, Spring Lake, New Jersey (hereinafter, together with its
subsidiaries, called the "Employer" or "Company", except where otherwise
specifically referenced) and Walter M. Craig, Jr. (hereinafter called the
"Employee").

         WHEREAS, Employer desires to employ the Employee on the terms and
conditions set forth herein; and

         WHEREAS, the Employee desires to be employed by the Employer on the
terms and conditions set forth herein, now therefore the Employer and Employee
agree as follows:

         1. Employment: The Employer hereby employs the Employee, and the
Employee hereby accepts employment, upon the terms and conditions hereinafter
set forth.

          2. Term: Subject to the provisions of termination as hereinafter
provided, the term of this Agreement shall begin on April 1, 2001 and shall
terminate on March 31, 2006 (being five (5) years after the commencement
date)(the "Original Term"). Commencing in the year 2003 Employer shall, on or
before March 31, 2003, give Employee notice if it does not wish to extend
Employee's employment for an additional year beyond the Original Term. If the
Employer does not give written notice to Employee during this period or any year
thereafter, Employee shall continue in the employ of the Employer for an
additional year (the "Extended Term"). The Extended Term provides Employee with
not less than a 3-year evergreen term of employment. During any Extended Term,
the terms of Employee's employment will be as set forth in this Agreement and as
amended in writing from time-to-time, including Employer's obligation to give
notice if Employer will not renew Employee's employment for an Extended Term. If
Employer gives written notice of its decision not to renew Employee's
employment, Employee will continue in the employ of Employer for three (3) years
on the terms set forth in this Agreement, as amended (the "Term"). At the end of
the Original Term, or any Extended Term, Employer will pay Employee a severance
payment equal to one-twelfth (1/12) of Employee's most recent annual salary and
bonus compensation multiplied by the total number of years Employee was employed
by Employer (or an affiliate) with ten (10) years of service agreed to having
been accrued as of the date hereof (the "Severance Payment"). If Employee should
die during any Term of this agreement or the "severance" pay period,
compensation shall be paid to his estate for the period of the time remaining,
but not in excess of 24 months. At the end of any Term of Employment hereby, if
Employee is offered to continue his employment, but refuses to accept such
continuation, Employee, at his option, shall then, if able, act as a consultant
to Employer for two (2) years at annual compensation of 50% of his last annual
salary and incentives, and if Employee has elected to so continue as a
consultant, he shall dedicate approximately 50% of his work- related hours to
the Employer and shall not perform any services, consulting or otherwise, for
any company, person or entity that competes directly with Employer's businesses.

         3. Compensation: The following payments and incentives are granted to
and will be made to Employee for services rendered hereunder:

                  (a) The Employer will pay the Employee an annual salary of
         $185,000, payable bi-monthly (the "Base Salary"), which Base Salary
         will be increased each calendar year to reflect the percentage increase
         in the Consumer Price Index for the New York metropolitan area for the
         most recently completed year (the "CPI"), and other increases, from
         time-to-time, as may be approved by the Company's Board of Directors.
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                  (b) Employee will receive the following annual bonus
         compensation, paid quarterly, at the minimum level during the year then
         occurring:

                           (i)      The greater of $20,000 per annum; or

                           (ii)     5% of the consolidated pre-tax profits of
                                    the Company.

                  (c) Stock Incentives. Employee is hereby granted the following
         rights and benefits as considerations for entering into this Agreement
         and for providing the services required hereunder:

                           (i)      A grant of 100,000 common stock purchase
                                    options, each entitling Employee to purchase
                                    one share of the Company's Common Stock at a
                                    price of $.25 per share and expiring on
                                    March 31, 2011. Such options shall be
                                    immediately exercisable and shall be
                                    evidenced by a stock option agreement
                                    containing such terms and provisions (in
                                    addition to those set forth herein) as are
                                    customarily contained in options granted to
                                    the Company's other employees

                           (ii)     A grant of an aggregate of 300,000 common
                                    stock purchase options which shall expire on
                                    March 31, 2011 and shall not become
                                    exercisable until October 1, 2010, such
                                    options are granted in six groups, of 50,000
                                    options each, ,each option entitling the
                                    Employee to purchase one share of the
                                    Company's Common Stock at the respective
                                    exercise price set forth below and becoming
                                    exercisable at an earlier date subject to
                                    the Company's attaining the respective
                                    earnings set forth below. The options within
                                    each group will become exercisable at an
                                    earlier date pro rata based upon the extent
                                    to which the respective earnings threshold
                                    is exceeded. As an example, when the Company
                                    has had cumulative pre-tax earnings during
                                    the term of this Employment Agreement of
                                    $250,000, 25,000 of the options having an
                                    exercise price of $.25 will become
                                    exercisable; when the Company has had
                                    cumulative pre- tax earnings during such
                                    term of $1,500,000, a total of 150,000
                                    options will be exercisable, consisting of
                                    all of the options having an exercise price
                                    of $.25 per share, all of the options having
                                    an exercise price of $.50 per share and all
                                    of the options having an exercise price of
                                    $.75 per share. Once any such options have
                                    become exercisable, they will not thereafter
                                    become unexercisable as a result of
                                    subsequent losses the Company may incur. For
                                    purposes of this agreement, the Company's
                                    pre-tax earnings for a particular period or
                                    periods shall consist of the Company's
                                    earnings, determined on a consolidated
                                    basis, and as reflected in its reports that
                                    it files with the Securities and Exchange
                                    Commission, before payment of all local,
                                    state and federal income taxes, but after
                                    deduction of all other expenses allocable to
                                    such period or periods. For purposes of
                                    determining the number of such options that
                                    are exercisable hereunder, the Company's
                                    cumulative pre-tax earnings for the term of
                                    this Agreement shall be determined at the
                                    end of each of the Company's fiscal quarters
                                    during such term. Such options shall be
                                    evidenced by a stock option agreement
                                    containing such terms and provisions (in
                                    addition to those set forth herein) as are
                                    customarily contained in options granted to
                                    the Company's other employees.

                                        2
<PAGE>   3
<TABLE>
<CAPTION>
                                                                       Earlier Exercisability Pro -Rata
                                                                       Based Upon Pre-tax Earnings
                  Number of Options         Exercise Price             During Term of Contract
                  -----------------         --------------             -----------------------
<S>                                         <C>                        <C>
                  50,000                    $ .25                      $0         -    500,000
                  50,000                    $ .50                      $500,001   - $1,000,000
                  50,000                    $ .75                      $1,000,001 - $1,500,000
                  50,000                    $1.00                      $1,500,001 - $2,000,000
                  50,000                    $1.25                      $2,000,001 - $2,500,000
                  50,000                    $1.50                      $2,500,001 - $3,000,000
</TABLE>

The foregoing stock incentives shall be protected against any dilution resulting
from stock splits or any other reclassifications affecting the Company's common
stock.

                  (d) Management Payment: If, at any time during the term of
         this Agreement, (i) the stockholders, called to elect the Company's
         Board of Directors, do not elect individuals as recommended by Coast
         Capital Partners, LLC. ("Coast Capital") to a majority of the seats on
         the Board of Directors, or (ii) the common stock of the Company is
         acquired through a tender offer, contract purchase or otherwise such
         that at the next meeting of stockholders that is called to elect the
         Company's Board of Directors, Coast Capital, either directly or through
         appointees, does not control a majority of the seats on the Company's
         Board of Directors, or (iii) substantially all of the assets of the
         Company are sold (hereinafter (i) - (iii) referred to as a
         "Transaction"), such that the value of the Transaction (less deduction
         for associated expenses) is in excess of the amount equal to two times
         the Company's book value at December 31, 2000, plus the Company's after
         tax profits for each fiscal quarter since December 31, 2000 (for
         purposes of this calculation, "Net Worth"), the Employee shall receive
         from the Company a cash payment equal to the greater of (i) 1% of the
         amount by which the value of the Transaction exceeds the Net Worth
         (such payment hereinafter referred to as the "Net Worth Payment") or
         (ii) 2X the average of all forms of the Employee's compensation from
         Employer, its subsidiaries and affiliated companies over the last three
         (3) years (the "Management Payment"). The Management Payment shall not
         be paid in lieu of any other payment required to be paid to Employee
         hereunder, but in addition to such payments, and this Agreement shall
         remain in full force and effect after such payment. Any Management
         Payment to be made hereunder shall be made in cash within a reasonable
         period of time, but not to exceed sixty (60) days from the closing date
         of the Transaction.

         4. Extent of Services and Duties: The Employee is employed as President
and Chief Executive Officer of the Company. His duties shall be consistent with
the responsibilities of such office. He shall be responsible for all day-to-day
operations related to such office. Employee shall perform activities related to
such office as assigned to him by the Company's Board of Directors. Employee
shall not be required to relocate his chosen place of residence to perform his
duties under this Agreement.

         5. Vacation: The Employee shall be entitled each year to a vacation of
four (4) weeks during which time his compensation shall be paid in full and all
benefits shall remain in effect.

         6. Fringe Benefits and Expenses: The Employee shall be entitled to
participate on the same basis, except where stated otherwise in this Agreement,
and subject to the same qualifications as other executives of the Employer, in
any pension, profit sharing, stock purchase, savings, hospitalization, sick
leave and other fringe benefit plans in effect from time to time with respect to
executives of the Employer (the "Fringe Benefits"). The Employer agrees that
each of the Fringe Benefits of the Employer in effect on the date hereof, or at
any time during the Employment Period, shall not be terminated or modified in
any manner which reduces the benefits of the Employee without first obtaining
the written consent of the Employee. The Employee is entitled to reimbursement,
upon presentation of vouchers indicating the amount and purpose, for reasonable
expenses incurred on behalf of the Employer.

                                        3
<PAGE>   4
          7. Disability: In the event that the Employee shall have been
prevented from substantially rendering the services required under this
Agreement by reason of his disability (as confirmed by medical authority and
Social Security guidelines) for a period of sixty (60) consecutive days,
Employer shall have the right to terminate this Agreement upon thirty (30) days'
written notice provided such disability continues during said notice period. If
the Employer terminates this Agreement as a result of Employee's disability,
Employee will receive from Employer, until 65 years of age, monthly disability
payments in an amount equal to the greater of 60% of Employee's final Base
Salary or $15,000 per month (which shall include any disability payments from
state or federal authorities), as well as the severance payment then applicable
and as set forth in paragraph 2 hereof. In order to cover this payment, Employer
will purchase such disability insurance under which the Employee is the insured
and beneficiary which will cover not less than 80% of the payment required to be
made under this provision.

          8.  Termination:

                  (a) Termination for Employee's Breach: Employer shall have the
         right to terminate this Agreement and the employment hereunder if
         Employee violates his responsibilities under paragraph 4 of this
         Agreement after having received notice of such violation from
         Employer's Board of Directors which notice shall set forth how Employee
         would cure the expressed violation and thirty (30) days to take
         measures to cure such violations as proposed by Employer's Board of
         Directors. At such time as the Employer's Board of Directors addresses
         such charges, Employee notified of the impending discussion and the
         arguments to be made for termination and Employee may submit a written
         response of such claims which shall be read to all Directors at the
         meeting. Employer may immediately terminate this Agreement and the
         employment hereunder by reason of (i) determination by Employer's Board
         of Directors that there has been a defalcation of the Employer's funds
         by Employee, but such termination may not be immediate if amounts that
         are in question relate to expenses that have been deemed by Employee to
         be business expenses. If the Board finds that such expenses were not
         business related, Employee shall, within 30 days, reimburse the Company
         for such amounts, (ii) conviction of Employee on a felony charge, or
         (iii) a panel from the American Arbitration Association determines with
         Employee having the right to argue his case that Employee has had
         unauthorized discussions of Employer's business activities or
         improperly disclosed trade secrets or confidential information
         concerning Employer's business activities or proposed business
         activities and which discussions are found to have an immediate,
         material adverse effect on Employee.

                  (b) Termination for Employer's Breach: Employee shall have the
         right to terminate this Agreement if the Employer materially breaches
         any of the provisions hereof and such breach is not cured within thirty
         (30) days after the Employer receives written notice from Employee
         thereof. In such event, or in the event of a wrongful termination of
         Employee, all monies due to Employee through the term of the Agreement
         shall be paid by Employer in a lump sum amount within thirty (30) days
         of Employee's termination, with bonuses to be paid when earned and the
         Severance Payment to be immediately paid. Employee shall have no
         obligation to mitigate his loss or damages occasioned as a result of
         such termination.

          9. Confidential and Proprietary Information: Employee agrees to keep
         secret all confidential information, trade secrets or proprietary
         information acquired by him/her during his/her employment concerning
         the business and affairs of the Employer (the "Information") and
         further agrees for a period of one (1) year after the termination of
         his/her employment, for any reason, not to disclose any such
         Information to any person, firm or corporation other than as directed
         by Employer, unless and until such Information becomes known outside of
         Employer (other than through any violation by the Employee of his/her
         obligation hereunder). Employee also agrees, upon request by Employer,
         to execute a confidential non-disclosure agreement if Employer has same
         prepared to protect the confidentiality of certain information relating
         to the Company.

         10.  Miscellaneous Provisions:

                  (a) Notices and Communications: All notices and communications
         hereunder shall be in writing and shall be hand delivered or sent
         postage prepaid by registered or certified mail, return receipt
         requested,

                                       4
<PAGE>   5
         to the addresses first above written or to such other address of which
         notice shall have been given in the manner herein provided.

                  (b) Entire Agreement: All prior agreements and understandings
         between the parties with respect to the subject matter of this
         Agreement are superceded by this Agreement and this Agreement
         constitutes the entire understanding between the parties with respect
         to employment of the Employee by Employer, and Employer and Employee
         hereby release the other from any claims or amounts due under said
         prior agreements. This Agreement may not be modified, amended, changed
         or discharged, except by a writing signed by the parties hereto and
         then only to the extent therein set forth.

                  (c) Non-Assignment: This Agreement shall be binding upon and
         inure to the benefit of the parties hereto, and any administrator,
         executor and successor of Employer. This Agreement may not be assigned
         by either of the parties hereto without prior written consent of the
         other party.

                  (d) Waiver: No waiver of any breach of this Agreement or of
         any objection to any act or omission connected herewith shall be
         implied or claimed by any party, or be deemed to constitute a consent
         to any continuation of such breach, act or omission, unless in a
         writing signed by the party against whom enforcement of such waiver or
         consent is sought, and then only to the extent set forth therein.

                  (e) Section Headings: The section headings of this Agreement
         are solely for the purpose of convenience and shall neither be deemed a
         part of this Agreement nor used in any interpretation thereof.

                  (f) Governing Law: This Agreement and the relationship of the
         parties hall be governed by and construed in accordance with the laws
         of the State of New Jersey.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of April 1, 2001.

ATTEST:                                      INTERSYSTEMS, INC.

______________________________               By:________________________________

Name:                                             Name:
                                                  Title:

WITNESS:

______________________________               ___________________________________
Name:                                        Employee

                                       5

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