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| (1) | VALlRX      PLC, the sole beneficial and legal owner of the Company whose address is      at 24 Greville Street, London, ECIN 8SS UNITED KINGDOM ("Vendor");      and |
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| (2) | BIOFIELD      CORP., a Delaware corporation having its registered office at 1615 Walnut      Street, 3'd Floor, Philadelphia, PA 19102 the United States of America      ("Purchaser"). |
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| (A) | VALIBIO      SA ("Company") is a company incorporated and existing under the laws of      Belgium, having its principal place of business at 25 Avenue Georges      Lemaitre, 6041 Gosselies, Belgium. As at the date hereof, the Company has      an authorised capital divided into 625 Shares each, of which 625 Shares      have been issued and are fully paidup. |
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| (B) | As      at the date hereof, the Vendor is the beneficial owner of 623      Shares. |
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| (C) | The      Vendor has agreed to sell and the Purchaser has agreed to purchase the      Sale Shares (being all the issued Shares as at the date of this Agreement)      subject to and in accordance with the terms and conditions hereinafter set      out. |
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| 1. | INTERPRETATION |
|----|----------------|

| 1.01 | In      this Agreement (including the Recitals) the following words and      expressions shall have the following meanings except where the context      otherwise requires: |
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|   | "Business      Day" | means      any day (other than a Saturday or Sunday) on which banks are open for      business in Hong Kong throughout its normal opening hours provided that      each business day shall finish (and then the next business day commence)      at 4:00 p.m.; |
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|   | “Call      Option" | means      the call option granted by the Vendor to the Purchaser in relation to the      Shares of the Company held by the Vendor, the terms of which are set out      in Clause 2. |
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|   | "Completion" | means      completion of the sale and purchase of the Sale Shares as specified in      Clause 5; |
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|   | "Completion      Date" | means      both (a) the day being no more than 30 days from the date of this      Agreement when the Purchaser shall have paid Euro 100,000 to the Vendor,      and (b) the day being no more than 60 days from the date of this Agreement      when the Purchaser shall have paid in aggregate Euro 600,000 to the      Vendor, in each case when after the conditions set out in Clause 4.01 are      fulfilled (or such later date as the Vendor and the Purchaser may agree in      writing prior to Completion); |
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|   | "Consideration" | means      the consideration for the transfer of the Sale Shares being the sum      specified in Clauses 3.01; |
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|   | "Euros” or      "E" | means      the official currency of the EuropeanUnion; |
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|   | "HK$" | means      Hong Kong dollars; |
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|   | "Hong    Kong" | means      the Hong Kong Special Administrative Region of the People's Republic of      China; |
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|   | "Sale      Shares" | means      63 Shares representing I0% of the allotted and issued share capital of the      Company as of the date of this Agreement which are beneficially owned by      the Vendor to be bought and sold pursuant to Clause  2; |
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|   | "Shares" | means      ordinary shares in the capital of theCompany; |
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|   | "US$" | means      United States dollars; |
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|   | "Warranties" | means      the representations, warranties and undertakings contained or referred to      in Clause 7.01 and Schedule 2 and "Warranty" means any of the Warranties      where the context permits. |
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| 1.02 | References      to ordinances and to statutory provisions shall be construed as references      to those ordinances or statutory provisions as respectively amended or      re-enacted or as their application is modified by other provisions      (whether before or after the date hereof) from time to time and to any      orders, regulations, instruments or subordinate legislation made under the      relevant ordinances or statutory provisions thereof and shall include      references to any repealed ordinance or any provisions of which they are      re-enactments (whether with or without  modification). |
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| 1.03 | References      to persons include references to individuals, firms, companies,      corporations and unincorporated bodies of persons and vice      versa. |
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| 1.04 | References      to this Agreement are to this agreement for the sale and purchase of      shares in the Company as amended, varied, modified, novated or      supplemented from time to time. |
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| 1.05 | References      herein to Clauses, Recitals and Schedules are to clauses and recitals in      and the schedules to this Agreement (unless the context otherwise      requires), references to paragraphs are, unless otherwise stated,      references to paragraphs of the relevant Schedules and references to this      Agreement include the Schedules and the  Appendix. |
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| 1.06 | The      headings are inserted for convenience only and shall not affect the      construction of this Agreement. |
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| 1.07 | Unless      the context requires otherwise, in this Agreement words importing the      singular include the plural and vice versa and words importing a gender or      the neuter include both genders and theneuter. |
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| 1.08 | The      expressions the "Vendor", the "Purchaser" and the "Company" shall, where      the context permits, include their respective successors, personal      representatives, executors, administrators, estates and permitted      assigns. |
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| 1.09 | A      document expressed to be "in approved terms" means a document the terms of      which have been approved by or on behalf of the Vendor and the Purchaser      and a copy of which has been signed for the purpose of identification by      or on behalf of the Vendor and thePurchaser. |
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| 2 | SALE AND PURCHASE OF      SALE SHARES AND CALL OPTION |
|---|-------------------------------------------------------|

| 2.01 | Subject      to the terms of this Agreement, the Vendor shall sell as beneficial owner      and the Purchaser shall purchase the Sale Shares free from all options,      liens, charges, claims, agreements, equities and encumbrances and other      third party rights of any nature whatsoever and together with all rights      now or hereafter attaching or accruing thereto including all dividends and      distributions declared, made or paid on or after the Completion      Date. |
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| 2.02 | In      consideration of the Purchaser entering into and agreeing to be bound by      this Agreement, the Vendor hereby irrevocably and unconditionally grants      to the Purchaser the Call Option to purchase from the Vendor up to 100      Shares from the Vendor currently representing 16% of the entire issued      Shares of the Company on a fully diluted basis at a price per Share of (a)      E9,600 in the event that the option is exercised on or before the first      anniversary of this Agreement, (b) E10,560 in the event that the option is      exercised on or before the second anniversary of this Agreement, or      EII,616 in the event that the option is exercised on or before the third      anniversary of this Agreement. The number of Shares available under the      option shall be adjusted upwards or downwards as the case may be in the      event that the Shares are consolidated or subdivided prior to the exercise      of the option of the maximum number of Shares available under the      option. |
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| 2.03 | The      Call Option may be exercised in whole or in part and more than once by the      Purchaser at any time from the Completion until the date falling 3 years      from the Completion and shall be exercisable by written notice from the      Purchaser to the Vendor specifying the number of Shares to which such      notice relates. |
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| 2.04 | Completion      of the sale and purchase of the Shares pursuant to the exercise of the      Call Option shall take place within 3 Business Days of the date of the      written notice under Clause 2.03. |
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| 2.05 | On      completion of the sale and purchase of such Shares pursuant to the      exercise of the Call Option under Clause 2.03, the Purchaser shall      purchase, and the Vendor shall sell, the legal and beneficial interest in      such Shares with effect from such date free from all liens, charges,      equities, encumbrances or third party interests together with all rights      then or thereafter attaching thereto including but not limited to all      dividends or distributions which may be paid, declared or made in respect      thereof at any time on or after thatdate. |
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| 3 | CONSIDERATION |
|---|---------------|

| 3.01 | The      total consideration payable by the Purchaser to the Vendor for the sale of      the Sale Shares and the granting of (but not the exercise of) the Call      Option shall be 600,000 EURO to be satisfied as to (a) Euro 100,000 within      thirty (30) days of the date of this Agreement and as to (b) Euro 500,000      within sixty (60) days of the date of this Agreement in cash at the times      as specified under Clause 4.01. |
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| 4 | CONDITIONS |
|---|------------|

| 4.01 | Completion      is conditional upon: |
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|   | (a) | the      Purchaser and the Vendor shall enter into a Distribution Agreement      ("Distribution Agreement") with the Vendor upon the execution of this      Agreement in which the Vendor shall grant the exclusive distributorship      right to the Purchaser of products and technology of the Company,      including but not limited to the technology of HyperGenomics and      Nucleosomics and the HPV diagnostic products, Nucleosomics diagnostic      products and HyperGenomics diagnosticproducts; |
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|   | (b) | the      Vendor shall deliver or cause to be delivered to the Purchaser duly      executed transfers of (a) 10 Sale Shares and (b) 53 Sale Shares,      respectively by the registered holders thereof in favour of the Purchaser      or such other person(s) as it may nominate together with the relative      certificates within 7 days of in the case of (a) the payment of Euro      100,000, and in the case of(b) the payment of Euro 500,000;      and |
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|   | (c) | a      Disclosure Letter in which Vendor shall disclose all the matters of the      Company as required under this Agreement and under Schedule    2. |
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| 4.02 | The      parties shall use their respective best endeavours to procure that the      conditions set out in Clause 4.01 are fulfilled by 5:00 p.m. (Hong Kong      time) on or before the date specified in Clause  4.01. |
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| 5 | COMPLETION |
|---|------------|

|   | 5.1 | Subject      to the terms of this Agreement, Completion of 10 of the Sale Shares shall      take place pursuant to this clause at the offices of the Purchaser on the      Completion Date within 30 days of this Agreement, and Completion of 53 of      the Sale Shares shall take place pursuant to this clause at the offices of      the Purchaser within 60 days of thisAgreement. |
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|   | 5.2 | Upon      Completion the Vendor shall: |
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|   | (a) | deliver      to the Purchaser: |
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|   | (i) | duly      completed and signed transfers of the numbers of Sale Shares specified in      Clause 4.01(b) by the registered holders thereof in favour of the      Purchaser or as it may direct together with the relative bought/sold share      certificates; |
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|   | (ii) | certificates      in respect of the numbers of Sale Shares specified in Clause 4.01(b) in      favour of such persons as the Purchaser shall  direct; |
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|   | (iii) | such      waivers or consents as the Purchaser may require to enable the Purchaser      or its nominee(s) to be registered as the holders of Sale      Shares; |
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|   | (iv) | written      confirmation that none of the Vendor are aware of any matter or thing      which is in breach of or inconsistent with any of the representations,      warranties and undertakings hereincontained; |
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|   | (v) | such      other documents as may be required to give to the Purchaser good title to      the Sale Shares and to enable the Purchaser or its nominees to become the      registered holders thereof; |
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|   | (vi) | such      other papers and documents as the Purchaser may (by notice in writing      given not less than 5 business days prior to Completion) reasonably      require; |
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|   | (b) | cause      board meetings of the Company to be held (inter alia) at which the      Directors shall: |
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|   | (i) | approve      the transfers to the Purchaser or its nominee(s) and its registration as      members of the Company in respect of the number of Sale Shares specified      in Clause 4.01 (b) (subject to the production of duly stamped      transfers); |
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|   | (ii) | upon      payment of not less than Euro 600,000 by the Purchaser, appoint such      person as the Purchaser may nominate to be validly appointed as an      additional Director of the Company; |
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|   | (c) | procure      that immediately following the board meetings referred to in sub-clause      5.2(b) such meetings of the boards of directors of the Subsidiaries as the      Purchaser shall require are convened to deal with such of the matters      referred to in sub­clause 5.2(b) as the Purchaser shall      require; |
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| 5.3 | Upon      Completion the Purchaser shall deliver to the Vendor or its Solicitors a      banker's draft or any other means to be agreed by the Parties for the      Consideration, such draft to be payable to or to the order of the Vendor.      The delivery of such banker's drafts as aforesaid in the aggregate amounts      of Euro 600,000 shall constitute a complete discharge to the Purchaser in      respect of the Consideration to be provided by it under this Agreement and      the Purchaser shall not be concerned further with such Consideration or to      see that any of the Vendor actually received the  same; |
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| 5.4 | The      Purchaser agrees hereby to irrevocably undertake upon following Completion      to use its reasonable endeavours to procure discharge of the Vendor      obligations pursuant to any indemnity given by the Vendor as security for      the banking facilities of theCompany. |
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| 5.5 | The      Purchaser shall not be obliged to complete the purchase of any of the Sale      Shares unless the purchase of the Sale Shares is completed in accordance      with this Agreement. Without prejudice to any other remedies available to      the Purchaser, if in any respect the provisions of clause 5.2 are not      complied with by the Vendor on the Completion Date the Purchaser      may: |
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|   | (a) | defer      Completion to a date not more than 28 days after the Completion Date (and      so that the provisions of this Clause 5.6 shall apply to Completion as so      deferred); or |
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|   | (b) | proceed      to Completion so far as practicable (without prejudice to its rights      hereunder); or |
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|   | (c) | rescind      this Agreement without prejudice to any other remedy and without incurring      any liability to the Vendor. |
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| 5.6 | The      Vendor hereby irrevocably undertakes to the Purchaser to procure at its      own expense the due execution of all such further documents as are      necessary to vest in the Purchaser or the Company all such property and      rights as are intended to be vested in it by or pursuant to this      Agreement. |
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| 6. | DEFAULT |
|----|---------|

| 6.01 | Without      prejudice to any other remedies available to the Vendor, if in any respect      the obligations of the Purchaser set out in Clause 4.01 are not complied      with by the Purchaser on the Completion Date, the Vendor    may: |
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|   | (a) | defer      Completion to a date not more than 28 days after the Completion Date (and      so that the provisions of this Clause 6.01 (a) shall apply to Completion      as so deferred); or |
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|   | (b) | proceed      to Completion so far as practicable (without prejudice to its rights      hereunder) and to recover such damages and compensation from the Vendor by      reason of any such breach or non-fulfilment (and failure to exercise it      shall not constitute a waiver of any such  rights). |
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| 6.02 | Without      prejudice to any other remedies available to the Purchaser, if in any      respect the obligations of the Vendor set out in Clause 4.01 Ca) -!D are      not complied with by the Vendor on the Completion Date, the Purchaser      may: |
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|   | (a) | defer      Completion to a date not more than 28 days after the Completion Date (and      so that the provisions of this Clause 6.02Ca) shall apply to Completion as      so deferred); or |
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|   | (b) | proceed      to Completion so far as practicable (without prejudice to its rights      hereunder) and to recover such damages and compensation from the Vendor by      reason of any such breach or non-fulfilment (and failure to exercise it      shall not constitute a waiver of any such  rights). |
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| 7. | WARRANTIES |
|----|------------|

| 7.01 | The      Vendor hereby represents, warrants and undertakes to the Purchaser (to the      intent that the provisions of this Clause shall continue to have full      force and effect notwithstanding Completion) in the terms set out in this      Clause and Schedule 2, and acknowledges that the Purchaser in entering      into this Agreement is relying on such representations, warranties and      undertakings: |
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|   | (a) | That      the Vendor is and will, immediately prior to Completion, be the beneficial      owner of the Sale Shares free and clear of any lien, charge or encumbrance      whatsoever and the Company has not exercised any lien over any of its      issued shares and there is outstanding no call on any of the Sale Shares      and all of the Sale Shares are fully paid;and |
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|   | (b) | That      as at the date of this Agreement, the Sale Shares constitute 10% of the      allotted and issued Shares. |
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| 7.02 | The      Vendor shall not (save only as may be necessary to give effect to this      Agreement) do or allow and shall procure that no act or omission will      occur before Completion which would constitute a material breach of any of      the Warranties if they were given at Completion or which would make any of      the Warranties materially inaccurate or misleading if they were so      given. |
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| 7.03 | In      the event of it being found prior to Completion that any of the Warranties      are materially untrue or incorrect, or in the event of any matter or thing      arising or becoming known or being notified to the Purchaser which is      materially inconsistent with any of the Warranties or in the event of the      Vendor becoming unable or failing to do anything in any material respect      required to be done by it at or before Completion, the Purchaser shall not      be bound to complete the purchase of the Sale Shares and the Purchaser may      by written notice rescind this Agreement without liability on its part.      The right conferred upon the Purchaser by this Clause is in addition to      and without prejudice to any other rights of the Purchaser (including any      rights to claim damages or compensation from the Vendor by reason of any      such breach or non-fulfilment) and failure to exercise it shall not      constitute a waiver of any suchrights. |
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| 7.04 | The      Vendor hereby undertakes to indemnify and keep indemnified the Purchaser      against any loss or liability suffered by the Purchaser as a result of or      in connection with any breach of any of the Warranties and against any      reasonable costs and expenses incurred in connection therewith provided      that the indemnity contained in this Clause shall be without prejudice to      any other rights and remedies of the Purchaser in relation to any such      breach. |
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| 7.05 | The      liability of the Vendor for all claims under the Warranties, or otherwise      under this Agreement when taken together shall not exceed the lower of (a)      E600,000, or (b) the amount of the Consideration paid to the      Vendor. |
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| 7.06 | The      Vendor shall not be liable for any claim under the Warranties, or      otherwise under this Agreement unless, when taken together, they exceed      E25,000, in which case the whole amount (and not just the amount by which      the limit in this Clause 7.06 is exceeded) is recoverable by the      Purchaser. |
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| 7.07 | The      Vendor is not liable for any claim under the Warranties, or otherwise      under this Agreement to the extent that the  claim: |
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|   | (a) | Relates      to matters disclosed in the Disclosure Letter referred to in Clause      4.01(d); |
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|   | (b) | Relates      to any matter provided for in theAccounts; |
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| 8. | ANNOUNCEMENTS |
|----|---------------|

| 8.01 | Each      of the parties hereto undertakes that prior to Completion and thereafter      it will not (save as otherwise provided in this Agreement or as required      by applicable laws, rules or regulations) make any announcement in      connection with this Agreement unless the other party hereto shall have      given its consent to such announcement which consent may not be      unreasonably withheld or delayed and may be given either generally or in a      specific case or cases and may be subject to  conditions. |
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| 9. | COSTS |
|----|-------|

| 9.01 | Each      party to this Agreement shall pay its own costs and disbursements of and      incidental to this Agreement and the sale and purchase hereby agreed to be      made. All stamp duty payable on the transfer of the Sale Shares      contemplated hereunder shall be borne by the parties in equal      proportions. |
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| 10. | NOTICES |
|-----|---------|

| 10.01 | Each      notice, demand, consent or other communication given or made under this      Agreement shall be in writing and delivered or sent to the relevant party      at its address or fax number set out below (or such other address or fax      number as the addressee has by five days' prior written notice specified      to the other parties): |
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| To      the Vendor:    |   | ValiRX      PLC                             |
|------------------------|--------|---------------------------------------------|
|                   |   | 24      Greville Street                     |
|                   |   | London      ECIN 8SS                        |
|                   |   |                                        |
|                   |   | Fax      Number: +44 (0) 203 0084416        |
|                   |   | Attention:  Chief      Executive  |
|                   |   |                                        |
|                   |   |                                        |
| To      the Purchaser: |   | BIOFIELD      CORP.                         |
|                   |   | 1615      Walnut Street, 3n1 Floor          |
|                   |   | Philadelphia,      PA 19102 USA             |
|                   |   |                                        |
|                   |   | Fax      Number:  (215) 972-6988  |
|                   |   | Attention:  David      Bruce Hong |
| Also      copy to:     |   | Fax      Number:  (852) 2549 0689 |
| Attention:             |   | David      Bruce Hong                       |

| 10.02 | Any      notice, demand, consent or other communication so addressed to the      relevant party shall be deemed to have been delivered (a) if given or made      by letter, when actually delivered to the relevant address; and (b) if      given or made by fax, when despatched with a confirmed transmission      report. |
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| 10.03 | All      notices, demands, consents and other communications shall be either in the      English language or accompanied by a certified translation thereof into      the English language. |
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| 11. | TIME OF THE      ESSENCE |
|-----|--------------------------|

| 11.01 | Time      shall be of the essence of this Agreement, both as regards the dates and      periods specifically mentioned and as to any dates and periods which may,      by agreement in writing between or on behalf of the Vendor and the      Purchaser, be substituted for them. |
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| 12. | COUNTERPARTS |
|-----|--------------|

| 12.01 | This      Agreement may be executed in one or more counterparts each of which shall      be binding on each party by whom or on whose behalf it is so executed, but      which together shall constitute a single instrument. For the avoidance of      doubt, this Agreement shall not be binding on any party hereto unless and      until it shall have been executed by or on behalf of all persons expressed      to be the parties hereto. |
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| 13. | ASSIGNMENT |
|-----|------------|

| 13.01 | This      Agreement shall be binding upon and enure for the benefit of the estates,      personal representatives or successors of the parties but shall not be      assignable. |
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| 14. | WHOLE      AGREEMENT |
|-----|----------------------|

| 14.01 | This      Agreement (together with any documents referred to herein) constitutes the      whole agreement between the parties hereto and it is expressly declared      that no variations hereof shall be effective unless made in writing. The      Purchaser hereby acknowledges that it is not entering into this Agreement      in reliance upon any representation other than those incorporated into or      represented by the Warranties. |
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| 15. | AMENDMENT |
|-----|-----------|

| 15.01 | Unless      otherwise specifically provided for in this Agreement, any provision of      this Agreement may be amended, supplemented or waived only if the parties      hereto agree in writing. |
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| 16. | GENERAL |
|-----|---------|

| 16.01 | The      provisions of this Agreement including the warranties and undertakings      herein contained insofar as the same shall not have been fully performed      at Completion or any other requisite time shall remain in full force and      effect notwithstanding Completion or after such requisite      time. |
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| 16.02 | Any      right of rescission conferred upon any party hereby shall be in addition      to and without prejudice to all other rights and remedies available to it      and no exercise or failure to exercise such a right of rescission shall      constitute a waiver by such party of any such other right or      remedy. |
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| 16.03 | The      Vendor and the Purchaser shall do and execute or procure to be done and      executed all such further acts, deeds, things and documents as may be      necessary to give effect to the terms of this  Agreement. |
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| 16.04 | No      failure or delay by the Vendor or the Purchaser in exercising any right,      power or remedy under this Agreement shall operate as a waiver thereof,      nor shall any single or partial exercise of the same preclude any further      exercise thereof or the exercise of any other right, power or remedy.      Without limiting the foregoing, no waiver by a party of any breach by the      other party of any provisions hereof shall be deemed to be a waiver of any      subsequent breach of that or any other provision hereof. If at any time      any provision of this Agreement is or becomes illegal, invalid or      unenforceable in any respect, the legality, validity and enforceability of      the remaining provisions of this Agreement shall not be affected or      impaired thereby. |
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| 17. | GOVERNING LAW AND      JURISDICTION |
|-----|-------------------------------------|

| 17.01 | This      Agreement shall be governed by and construed in accordance with the laws      of Hong Kong and the parties hereto submit to the non-exclusive      jurisdiction of the Hong Kong courts for the purpose of determining or      enforcing any claim arisinghereunder. |
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|   | Number        | Description         | Particulars    |
|--------|---------------|---------------------|----------------|
| 1.     | W0200S/019826 | Patent      Licence | Cronos/VaJiBio |
| 2.     | W02002GB03080 | Patent      Licence | ValiRx/VaJiBio |

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| 1. | GENERAL |
|----|---------|

| 2. | DISCLOSURES COMPANY RETURNS      RECORDS AND INFORMATIONSUPPLIED |
|----|------------------------------------------------------------------|

| 2.1 | The      particulars of the Company and the Shares contained in this Agreement are      true and accurate in all respects. |
|-----|----------------------------------------------------------------------------------------------------------------------------|

| 2.2 | The      copy of the Constitution of the Company referred to in the Disclosure      Letter is true and complete and has attached thereto a copy of every such      resolution or agreement as is required to be attached and (save as      aforesaid and save as regards resolutions for reorganization of the      Company's capital passed immediately prior to the signing of this      Agreement) neither the Company nor any class of its members has passed any      resolution other than resolutions relating to business at Annual General      Meetings which was not specialbusiness. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.3 | The      Company has complied with such of the provisions of the relevant laws as      are or have been in force and all returns particulars resolutions and      other documents required under any legislation to be delivered on behalf      of the Company to the Registrar of Companies (or equivalent) or to any      other authority whatsoever have been properly made and      delivered. |
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| 2.4 | The      Registers of Members and other statutory books of the Company have been      properly kept and contain a true accurate and complete record of all the      matters which should be dealt withtherein. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.5 | All      information contained or referred to in the Disclosure Letter is accurate      in all respects and the Vendor is not aware of any other fact or matter      which might reasonably affect the willingness of the Purchaser to purchase      the Shares on the terms (including price) of this  Agreement |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.6 | All      written information and documents concerning the Company supplied to the      Purchaser or its solicitors or accountants by the Company or by the      Vendor[s] are true and accurate in allrespects. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | SHARES      AND SHARE CAPITAL |
|----|-------------------------------|

| 3.1 | The      Shares to be purchased by the Purchaser comprise the allotted and issued      share capital of the Company as of the date of this Agreement and all of      them are fully paid up. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | There      is no, nor is there any agreement or arrangement to create any pledge,      lien, charge, encumbrance, rights of pre-emption or other equities or      third party rights of any nature whatsoever on, over or affecting any of      the Shares and there has been no exercise or purported exercise of or      claim in respect thereof by anyperson. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | No      person has the right to call for the issue of any share or loan capital of      the Company under any option or other agreement or under any conversion      rights. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4 | The      Company has not repaid or agreed to repay or redeem any shares of any      class of its share capital or otherwise reduced or agreed to reduce its      issued share capital or any classthereof. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3.5 | Save      as provided in this Agreement there are no agreements or arrangements in      force which call for the present or future issue or allotment of, or grant      to any person the right (whether conditional or otherwise) to call for the      issue, allotment or transfer of any share or loan capital (including any      option or right of pre-emption orconversion). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.6 | The      Company has never reduced its share capital nor capitalised or agreed to      capitalise in the form of shares or debentures or other securities or in      paying up any amounts unpaid on any shares debentures or other securities      any profits or reserves of any class or description or passed or agreed to      pass any resolution to do so . |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | SUBSIDIARIES |
|----|--------------|

| 5. | NAME |
|----|------|

| 6. | ACCOUNTS |
|----|----------|

| 6.1 | The      Accounts of the Company have been prepared in accordance with the      requirements of all relevant ordinances, regulations and statutes and on a      consistent basis in accordance with generally accepted accounting      principles and practices Belgium. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | The      Accounts are true and accurate in all respects and show a true and fair      view of the assets, liabilities, capital commitments and the state of      affairs of the Company as at the Accounts Date and the profits of the      Company for the said period. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3 | No      change in the policies of accounting have been made in preparing the      accounts of the Company for each of the last 3 financial periods of the      Company ended on the Accounts Date, except as stated in the audited      balance sheets and profit and loss aconites for such  year. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.4 | The      Accounts: |
|-----|--------------------|

|   | (a) | are      not qualified in any way by the Company's  Auditors; |
|--------|-----|---------------------------------------------------------------|

|   | (b) | correctly      set forth and do not (on the basis of valuation therein adopted for the      relevant assets) overstate the value of the assets of the Company as at      the Accounts Date; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | correctly      set forth and do not understate either the amount of the liabilities      (including contingent liabilities) of the Company at the Accounts Date or      the losses and tax liabilities (including deferred taxation) of the      Company for the financial period ended on the Accounts    Date; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | do      not overstate the profits of the Company for that financial period;      and |
|--------|-----|--------------------------------------------------------------------------------------|

----

|   | (e) | do      not omit any fact or matter which renders or might render the Accounts      untrue inaccurate misleading or incomplete in any  respect. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.5 | The      results shown by the audited profit and loss accounts of the Company for      each of the financial periods ended on the Accounts Date have not (save as      therein disclosed) been affected by any unusual or non-recurring items or      by any other circumstances rendering the profits or losses for the period      covered therein unusually high or unusuallylow. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.6 | Full      provision or reserve has been made in the Accounts for all liabilities,      capital and other commitments of the Company outstanding at the Accounts      Date whether contingent quantified disputed or not or have otherwise been      fully dealt with in the notes to theAccounts. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.7 | The      Accounts reserve or provide in full for all taxation for which the Company      was at the Accounts Date liable and whether or not the Company has or may      have any right of reimbursement against any other person and the Accounts      reserve in full for any contingent or deferred liability to      taxation. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.8 | The      Accounts contain adequate reserves for depreciation and for bad and      doubtful debts and for any losses which may arise on realisation of stock      and work-in-progress. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | EVENTS      SINCE ACCOUNTS DATE |
|----|---------------------------------|

| 7.1 | Since      the Accounts Date the Company has carried on its business in the ordinary      and usual course and without entering into any transaction, assuming any      liability or making any payment which is not in the ordinary course of its      business, and without any interruption or alteration in the nature scope      or manner of its business. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | Since      the Accounts Date there has been no adverse change or deterioration in the      financial position or trading prospects of the  Company. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.3 | Since      the Accounts Date no distribution of capital or income has been declared      made or paid in respect of any share capital of the Company and (excluding      fluctuations in overdrawn current accounts with bankers) no loan or loan      capital of the Company has been repaid in whole or in part nor has become      liable to be repaid. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.4 | Since      the Accounts Date: |
|-----|-------------------------------|

|   | (a) | the      Company has not assumed or incurred any liabilities (actual or contingent)      or expenditure otherwise than in the ordinary course of carrying-on its      day-to-day business; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the      Company has not made any payments except payments of a routine      nature; |
|--------|-----|--------------------------------------------------------------------------------------|

|   | (c) | the      business of the Company has not been materially and adversely affected by      the loss of any important contract or customer or source of supply or by      any abnormal factor not affecting similar businesses to a like extent and      the Vendor is not aware of any facts which are likely to give rise to any      such effects; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | no      monies owing to the Company have been written off or written down or have      become irrecoverable in whole or in part or are regarded as irrecoverable      nor has there been any agreement for the release of any person under any      liability to the Company; and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | there      has been no depletion in the net assets of the  Company. |
|--------|-----|---------------------------------------------------------------------|

| 7.5 | The      Company has no outstanding capital commitments and is not engaged in any      scheme or project requiring the expenditure of capital and since the      Accounts Date the Company has not entered into any agreement or      transaction for the sale or acquisition of any capital assets or of any      current assets other than in the ordinary course of    business. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.6 | Since      the Accounts Date all transactions between the Company and companies (if      any) under the direct or indirect control of the Vendor or any of them and      not sold hereunder to the Purchaser has been on arms length terms and      there are no debts or obligations howsoever arising owed by such companies      to the Company or by the Company to such companies arising otherwise than      in the normal course of trading on arms length  terms. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | ASSETS      OF THE COMPANY |
|----|----------------------------|

| 8.1 | The      assets included in the Accounts or acquired since the Accounts Date (other      than trading stock subsequently disposed of in the ordinary course of      business or trading stock acquired subject to retention or reservation of      title by the supplier or manufacturer thereof as disclosed in the      Disclosure Letter) and all assets employed by or required for the business      of the Company: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | are      solely the property of and legally and beneficially owned by the Company      and are not subject to any hire or hire purchase agreement, conditional      sale, credit sale or similar agreement and are and will be at the date of      completion in reasonable working condition and of merchantable quality. No      such assets are subject to any assignment debenture, mortgage,      encumbrance, charge, pledge, lien or adverse interest or will be on      Completion of any kind; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | are      in the possession or under the control of the  Company. |
|--------|-----|------------------------------------------------------------------|

| 8.2 | The      Company shall not before Completion dispose of or purchase any assets      other than stock in the ordinary and normal course of the day-to-day      trading operation and business of theCompany. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.3 | The      Company's stock-in-trade, stocks of raw materials, packaging materials and      finished goods now held are not excessive and are adequate in relation to      the current trading requirements of the business of the Company and none      of the stock is obsolete, slow moving or inappropriate in relation to the      current business of the Company; all such stock-in-trade is in good      condition and capable of being sold by the Company in the ordinary course      of its business in accordance with its current price lists without rebate      or allowance to a purchaser. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.4 | The      Company has not purchased any stock, goods or materials from any of its      suppliers on terms that property in it does not pass until full payment is      made or all indebtednessdischarged. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.5 | No      circumstance has arisen or is likely to arise in relation to any asset      held by the Company under a lease or similar agreement whereby the rental      payable has been or is likely to beincreased. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.6 | All      vehicles and office equipment owned or used by the Company are in      reasonable repair, condition and working order and have been regularly and      properly maintained. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.7 | Save      as disclosed in the Disclosure Letter, the Company has not acquired any      assets under a hire, hire purchase or credit sale agreement and in respect      of any such agreement disclosed there has been no default by the Company      in the performance or observance on any of the provisions      thereof. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | DEBTS |
|----|-------|

| 9.1 | All      debts owed to the Company will realise their full face value and be good      and collectable in the ordinary course of business and no amount included      in the Balance Sheet owing to the Company at the Accounts Date has been      released for an amount less than the value at which it was included in the      Balance Sheet or has been deferred, subordinated or written off or has      proved to any extent to be irrecoverable or is now regarded as      irrecoverable in whole or in part. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 9.2 | No      part of the amounts included in the Accounts, or subsequently recorded in      the books of the Company, as owing by any debtors is overdue by more than      I month. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.3 | The      amounts due from debtors as at Completion (less the amount of any relevant      provision or reserve, determined on the same basis as that applied in the      Accounts and disclosed in the Disclosure letter) will be recoverable in      full in the ordinary course of business any in any event not later than I      month after Completion; and none of those debts is subject to any      counter-claim, or set off, except to the extent of any such provision or      reserve. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | BOOKS      OF ACCOUNT |
|-----|-----------------------|

| 10.1 | For      a period of3 years prior to Completion proper books and records of the      activities of the Company have been properly written up and accurately      present and reflect in accordance with normal accounting practices      consistently applied and generally accepted business principles and      standards and statutory requirements all transactions entered into and      liabilities incurred by the Company or to which it has become a      party. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | All      amounts outstanding and appearing in the books of the Company as monies      due to directors or shareholders or companies controlled by them or      associated companies of the Company wholly represent money or monies worth      paid or transferred to the Company or remuneration accrued due and payable      for services actually rendered and no part thereof has been provided      directly or indirectly out of the assets of the  Company. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | LICENCES      AND STATUTORY COMPLIANCES |
|-----|-----------------------------------------|

| 11.1 | All      necessary licences consents permits and authorities (public and private)      have been obtained by the Company to enable the Company to carryon its      business lawfully and effectively in the places and in the manner in which      such business is now carried on (short particulars of each licence, permit      and consent being set out in the Disclosure letter) and all such licences      consents permits and authorities are valid and subsisting and the Vendors      know of no breach of any of the terms or conditions thereof and of no      reason why any of them should be suspended cancelled or      revoked. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.2 | The      Company has not done or omitted to do and none of its officers, agents,      employees (during the course of their duty in relation to it) have done or      omitted to do anything in contravention or breach of any statute, order or      regulation or the like (whether in Hong Kong or elsewhere) applicable to      it or its business and giving rise to any fine, penalty, default      proceedings or other liability on itspart. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.3 | The      Company has conducted and is conducting its business in accordance with      all applicable laws and regulations (whether in Hong Kong or      elsewhere). |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | INTELLECTUAL      PROPERTY |
|-----|----------------------------|

| 12.1 | Particulars      of Intellectual Property used by the Company in connection with its      business (all of which are registered in the name of the Company and none      of which has lapsed) are contained in the Disclosure Letter and in      Schedule I to this Agreement and the Company has not in carrying on its      business in the past and does not own, use or require to use any      Intellectual Property except such as set out  herein. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.2 | In      relation to such Intellectual Property (ifany): |
|------|---------------------------------------------------------|

----

|   | (a) | all      Intellectual Property registered in the name of the Company or used or      required to be used by the Company is beneficially owned by it and is not      subject to any agreements or licences (save as disclosed in the Disclosure      Letter) affecting the same and is valid and  subsisting; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | all      agreements and licences for the use by the Company of Intellectual      Property not registered in its name are valid and subsisting and all      renewal fees in respect thereof due up to Completion have been      paid; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.3 | The      Company is not a party to any licence agreement or right under or in      respect of any patent trade mark registered design copyright know-how      secret process or other protected industrial right or asset of the Company      and the Company has not done anything which constitutes or might      constitute an infringement of any patent trade mark registered design      copyright or any other of the above mentioned industrial rights or      assets. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | INSURANCES |
|-----|------------|

| 13.1 | The      policies of insurance which are maintained by the Company afford the      Company adequate cover against accident, product and public liability and      such other risks as companies carrying on the same type of business as the      Company commonly cover by insurance and all the assets (including      stock-in-trade) of the Company of an insurable nature have at all material      times been and are insured in amounts to the full replacement value      thereof against fire and other normalrisks. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.2 | A      list of all current insurance policies in respect of which the Company has      an interest are disclosed in the Disclosure Letter and all such policies      are in full force and effect and are not void or voidable; no claim is      outstanding or may be made under any such policies and no event has      occurred or circumstances exist which are likely to give rise to any      claim, nothing has been done or omitted to be done which is likely to      result in an increase in premium; and nothing has been done or omitted to      be done which would make any such policy void or  voidable. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | CONTRACTS |
|-----|-----------|

| 14.1 | Save      as disclosed in the Disclosure Letter the Company has not created any      mortgage, charge or debenture (whether secured or unsecured) or issued any      guarantee or indemnity or granted any security on behalf of any person or      company. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.2 | There      are no contractual arrangements or obligations binding upon the Company      which will or may be legally terminated or breached as a result of the      execution of this Agreement orCompletion. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.3 | There      are no agreements or arrangements entered into by the Company otherwise      than by way of bargain at arm'slength. |
|------|--------------------------------------------------------------------------------------------------------------------------------|

| 14.4 | All      contracts are entered into in the normal course of business. There are no      long term or onerous or abnormal contracts or commitments whether oral or      written or which cannot be fulfilled or performed on time or without undue      or unusual expenditure of money oreffort. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.5 | There      are no contracts or arrangements between the Company and the Vendor other      than contracts in the ordinary course of the Company's day-to-day trading      operations |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.6 | There      has been no material default or material breach in respect of any      contract, commitment, undertaking or arrangement binding upon the Company      and there are no circumstances known to the Vendor which, with the passage      of time or the giving of notice or otherwise, will result in such default      or breach or shall be likely to lead to such a breach or      default. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 14.7 | Save      as anticipated by this Agreement there are and will at Completion be in      force no powers of attorney given by the  Company. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------|

| 14.8 | No      loan made by the Company has been in breach of and the Company is not in      default of any obligation arising thereunder or under the provision of any      law. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.9 | No      person has given any guarantee of or any security for any overdraft loan      or loan facility granted to theCompany. |
|------|-------------------------------------------------------------------------------------------------------------------------------|

| 15. | LITIGATION |
|-----|------------|

| 15.1 | The      Company is not engaged either on its own account or vicariously in any      litigation or arbitration or tribunal proceedings and so far as the Vendor      are aware no litigation arbitration or tribunal proceedings are pending or      threatened by or against theCompany. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.2 | The      Company has not committed any criminal illegal or unlawful act and the      Vendor is not aware that any officer or employee of the Company has      committed any such act. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.3 | The      Company has not committed any breach of contract or statutory duty or any      other act which could lead to a claim for compensation damages specific      performance or an injunction being made against it or which could entitle      a third party to call in any monies before the normal due date thereof or      to exercise any right of set off or which would otherwise adversely affect      the Company. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16. | BANK      ACCOUNTS AND CHEQUES |
|-----|--------------------------------|

| 16.1 | The      aggregate amount of uncleared cheques drawn by the Company outstanding at      close of business prior to the date of this Agreement does not amount in      the aggregate to more thanEUROlO,OOO. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.2 | There      will not at Completion be any credit cards or credit accounts available      for use by any director or employee of the  Company. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------|

| 17. | CONFIDENTIALITY |
|-----|-----------------|

| 17.1 | The      Company has not disclosed to any other person firm or company any of its      know-how trade secrets confidential information technical processes or its      lists of customers or suppliers. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18. | EMPLOYEES      AND PENSIONS |
|-----|-----------------------------|

| 18.1 | The      particulars shown in the Schedule of Employees referred to in the      Disclosure Letter show the names and lengths of service of every officer      and names and lengths of continuous employment of every employee of the      Company at the date of this Agreement and the remuneration payable and      other benefits provided or which the Company is legally or morally bound      to provide to each such officer and employee and are true and accurate and      there have been no engagements of new officers or employees ofthe Company      nor any increases in the remuneration and other benefits or changes in the      terms of service of any director, officer or employee of the Company since      the Accounts Date nor have any such engagements increases or changes been      agreed to or promised and there are no employees employed by the Company      other than as shown in the said Schedule of Employees referred to in the      Disclosure Letter |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 18.2 | There      are not in existence any contracts of service with Directors or employees      of the Company which cannot be terminated by three months' notice or less      without giving rise to any claim for damages or compensation (other than      under any relevant Employmentlaws). |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.3 | There      are no outstanding payments or benefits (actual or contingent) of any kind      due to any present or former directors or the employees of the Company      including compensation and arrears due, incentives, benefits or bonuses      which remain unpaid and which will not have been settled as at the date of      completion other than remuneration accrued due or for reimbursement of      business expenses. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.4 | No      former employee of the Company was dismissed by the Company within 3      months prior to the date hereof or has a claim for compensation for      wrongful dismissal or for unfair dismissal or to a redundancy or long      service payment from the Company. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.5 | No      executive of the Company, who is in receipt of remuneration in excess of      EURO 5,000 per month, and no officer of the Company has given or received      notice terminating his employment, and no such executive or officer will      be entitled to give such notice as a result of this    Agreement. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.6 | The      Company has no obligation (whether legally or morally binding or      established by custom) to establish a share in any subsidiary or offer or      issue shares in the Company or any other company for or to any person or      to pay any pension or death in service benefit or make any other payment      on or after retirement or leaving service to or in respect of any person      who is now or has been an officer or employee of the Company (except      pursuant to the Company's pension scheme(s) (if any) ("the Scheme")      referred to in the Disclosure Letter) and the Scheme (full particulars of      which have been given to the Purchaser) is being properly operated. The      Scheme was at the Accounts Date and is at the date hereof fully funded and      proper actuarial advice has been taken thereon (a copy of which advice is      attached to the Disclosure Letter) and the contributions of the Company      recommended by the actuaries have been made. In particular the Scheme is      fully funded as to that past service which counts for pension benefit      purposes proper allowance being made for future increases in salary both      due to inflation and merit. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.7 | There      are no schemes in operation under which any employee of the Company is      entitled to a commission or remuneration, calculated by reference to the      whole or part of the turnover, profits or sales of the      Company. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.8 | The      Company or their respective employees is not involved in any industrial      dispute and there are no facts known or which on reasonable enquiry be      known to the Company or its directors or to the Vendors which might      suggest that there may be an industrial dispute involving the Company or      that this Agreement may lead to any such industrial dispute in particular      no strike of the employees or a group of employees is currently threatened      or taking place and there is no contract agreement or arrangement between      the Company and any trade union or other body representing employees of      the Company nor is the Company bound by any collective agreement affecting      any terms or conditions of employment of any of its    employees. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19. | TAXATION      MATTERS |
|-----|-----------------------|

| 19.1 | The      Company has properly made all returns and provided all other information      required for the purposes of taxation and none of such returns is disputed      by any authority concerned and the Vendors are not aware that any dispute      is likely. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.2 | All      payments by the Company to any person which ought to have been made under      deduction or withholding of tax have been so made and the Company has      (where required by law to do so) accounted to the relevant authorities for      the tax deducted or withheld. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 19.3 | The      Company has not made or agreed to make any payment to or provided or      agreed to provide any benefit for any officer or employee of the Company      or any third party which is not allowable as a deduction in calculating      the profits of the Company for taxation  purposes. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.4 | For      three years prior to the date hereof no change of ownership of the Company      has taken place nor has there been any major change in the nature or      conduct of the Company's trade. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.5 | The      value attributed to each of the capital assets of the Company in the      Accounts does not exceed the written down value for the purposes of      capital allowances. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20. | DUTIES |
|-----|--------|

| 21. | GENERAL |
|-----|---------|

| 21.1 | No      commissions introductory fees bonuses or other payments or gifts having a      monetary value have been paid or made available to any person firm or      company in relation to any transaction implemented under or contemplated      in this Agreement. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21.2 | The      Warranties would also be true and accurate if a reference to the actual      time of Completion were substituted for any reference to the time or date      of this Agreement. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| FOR      AND ON BEHALF OF BIOFIELD      CORP. SIGNED by  | ))))))       |   |
|--------------------------------------------------------------------|--------------|--------|
| By:                                                                |         |
| Date:                                                              |         |   | Its: |   |
|                                                               |
|                                                               |
| FOR      AND ON BEHALF      OF VALIRXPLC      SIGNED by            | ))))))  |   |
|                                                               | By:          |   |
| Date:                                                              |         |   | Its: |   |

----