Exhibit 10.1

                              CONSULTING AGREEMENT:

     This Agreement is entered on July 20, 2004 between Swingbridge Capital LLC.
Together  with Brian F. Klanica (the  "Consultant"),  of 908 South Meriden Road,
Cheshire,  CT 06410 and Airtrax Inc.  (the  "Company")  of 870B Central  Avenue,
Hammonton, New Jersey 08037.

                                   WITNESSETH:

     WHERAS, the Company desires to extend the Consulting  Agreement between the
Consultant and the Company dated April 10th, 2003 and retain the services of the
Consultant  and the Consultant  desires to provide  services to the Company upon
the following terms and conditions.

                                 NOW THEREFORE:

     Consulting  Services.  The  Consultant  agrees to have Brian F. Klanica,  a
Managing Director of Swingbridge  Capital LLC, personally provide the consulting
services  to the  Company  during  the  term  of  this  agreement.  The  Company
understands  that the  Consultant  and Brian F.  Klanica may be engaged in other
business  and  consulting  activities  during  the term of this  agreement.  The
Consultant  will provide  business  acquisition and  development  strategy,  and
assist in acquisition due diligence. Also, the Consultant will provide financial
advisory services,  which would be consistent of the duties of a Chief Financial
Officer.

     Term. The Term of this  Agreement  shall commence as of the date of signing
of this Agreement and shall continue through January 20th,  2005,  unless sooner
terminated as provided herein.  This agreement can be terminated by either party
upon 30 days' prior written notice; provided,  however, that no such termination
shall affect the indemnification,  contribution and confidentiality  obligations
of the  Company,  and the right of the  Consultant  to receive any fees  accrued
prior to such termination.

     Consideration.  The Company  acknowledges  that the Consultant has provided
significant  business strategies,  identified  acquisition targets and strategic
partners,  and  assisted in deal  structuring.  For these  efforts,  and for the
inducement  of the  execution  of this  Agreement,  the  Company  will  issue to
Consultant in the name of Brian F. Klanica a non-refundable fee of 40,000 shares
of the  Company's  common stock,  which will be  registered  under Form S-8. The
parties  acknowledge  that  Consultant  has not and will not provide any capital
raising  services  related to issuance of the  above-mentioned  shares of common
stock.

     Indemnification.  The Company agrees to indemnify  Swingbridge Capital LLC,
and Brian F. Klanica in accordance with the indemnification  schedule previously
signed by the Company. Also, the Company agrees to include the Consultant on its
Directors and Officers insurance policies.


     Miscellaneous.  No provision of this Agreement may be amended,  modified or
waived,  except in writing  signed by both  parties.  Either  party  without the
written consent of both parties shall not assign this Agreement.  This Agreement
may be executed in counterparts.  This Agreement shall be enforced in accordance
with the laws of the State of New Jersey.

     IN WITNESS  WHEROF,  the parties have executed  this  Agreement on the date
first above written.

                                            Airtrax, Inc.
                                            By:  /s/ Peter Amico
                                            --------------------------------
                                            Name: Peter Amico
                                            Title:
                                            -----------------------------


                                  Swingbridge Capital LLC.      Brian F. Klanica
                                  By: /s Brian F. Klanica   /s/ Brian F. Klanica
                                      -------------------   --------------------
                                 Name: Brian F. Klanica
                                Title: Managing Member

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