Exhibit 4.1 (b)

                             COMPENSATION AGREEMENT

         This Compensation Agreement is dated as of March 4, 2002 among iBiz
Technology, Inc., a Nevada corporation (the "Company") and Sichenzia Ross
Friedman Ference LLP ("Consultants").

         WHEREAS, the Consultants have provided and will continue to provide the
Company with legal services in connection with their business; and

         WHEREAS, the Company wishes to compensate the Consultants with shares
of its common stock for such services rendered;

         NOW THEREFORE, in consideration of the mutual covenants hereinafter
stated, it is agreed as follows:

1. The Company will issue Five Million shares of the Company's common stock,
$.001 par value per share, to such members or employees of the Consultants as
the Consultants shall designate.

2. The above compensation shall be registered using a Form S-8. The Company
shall file such Form S-8 with the Securities and Exchange Commission within 30
days of the execution of this agreement.

         IN WITNESS WHEREOF, this Compensation Agreement has been executed by
the Parties as of the date first above written.

                                            iBIZ TECHNOLOGY CORP

                                            Kenneth W. Schilling
                                            President


                                            SICHENZIA ROSS FRIEDMAN FERENCE LLP


                                            Gregory Sichenzia