Agreement

                                                                    Exhibit 10.7

                        Global Payment Technologies, Inc.

                                425-B Oser Avenue

                               Hauppauge, NY 11788

                                                      Effective November 7, 2005

Mr. Stephen Nevitt

8176 Natures Way

Apartment 21

Bradenton, Florida  34202

Dear Mr. Nevitt:

         This letter constitutes our agreement with respect to your employment

as Chief Executive Officer and President of Global Payment Technologies, Inc.

(the "Company").

1. Employment. You are hereby employed as the Company's President and Chief

Executive Officer with duties and responsibilities customary to such positions.

During the employment term, you will devote your full business time and

attention to the affairs of the Company.

2. Salary; Benefits. The Company will pay you an annual salary of $225,000 per

year. You shall also be eligible to receive all benefits available to senior

executives of the Company in accordance with Company plans in effect during your

employment.

3. Term. Subject to the provisions hereof, your employment commences effective

on the date hereof and will continue for one year and will continue thereafter