Exhibit 10.1


                                    AGREEMENT


      This Agreement (the  "Agreement")  is entered into and effective as of the
__ day of  ___________,  2008 (the "Effective Date"),  by and  between  SYNOVICS
PHARMACEUTICALS,  INC., a Nevada  corporation  ("SYNOVICS")  and JOHN S. COPANOS
("COPANOS").

                            PRELIMINARY STATEMENTS

      A. On or about November 9, 2007,  SYNOVICS executed that certain Agreement
(the "Agreement"),  a copy of which is attached hereto and made a part hereof as
Exhibit A, with Copanos to settle,  comprise and amicably  resolve  their issues
with  respect to SYNOVICS'  payment  obligations  to COPANOS,  pursuant to which
Agreement  SYNOVICS was  obligated to make,  among other  payments,  a principal
payment of One Million  Five  Hundred  Thousand  ($1,500,000.00)  Dollars,  plus
interest, on January 15, 2008, which amount was not paid by it.

      B. The parties  desire to settle,  comprise  and  amicably  resolve  their
issues with  respect to SYNOVICS'  payment  obligations  under the  Agreement to
COPANOS, in accordance with the terms and conditions of this Agreement.

      NOW,  THEREFORE,  for and in consideration of the amount set forth in this
Agreement  the mutual  covenants  herein  contained  and other good and valuable
consideration,  the receipt and adequacy of which are forever  acknowledged  and
confessed, the parties agree as follows:

                                   AGREEMENT

      1. The above recitals are true and correct.

      2. DEFINITIONS. The following defined terms shall have the meaning stated:

            2.1.  The  term  "SYNOVICS"  means  SYNOVICS  PHARMACEUTICALS,  INC.
acting:  (i) on its own  behalf;  and (ii) on  behalf  of  directors,  officers,
employees,  successors,  insurers, attorneys, lenders, creditors,  shareholders,
agents,   assigns,   parent   corporations,   sister   corporations,   affiliate
corporations,  subsidiaries  and all other  persons,  natural or  corporate,  in
privity with SYNOVICS.

            2.2. The term "COPANOS"  means JOHN S. COPANOS,  acting:  (i) on his
own  behalf;  and (ii) on behalf his heirs,  beneficiaries,  estate,  executors,
legatees, representatives, successors and assigns.

      3.  PAYMENTS.  SYNOVICS  shall pay  COPANOS  Two  Million  ($2,000,000.00)
Dollars,  on or  before  August 1, 2008 (the  "Maturity  Date"),  together  with
interest, at the rate of Fifteen (15%) Percent per annum, from and after January
15, 2008, as follows:

            3.1.  Interest  payment in the amount of Forty-Nine  Thousand  Three
Hundred  Fifteen and 07/100  ($49,315.07)  Dollars shall be payable on or before
March 15, 2008.

<PAGE>

            3.2.  Interest  payment in the amount of  Twenty-Five  Thousand Four
Hundred  Seventh-Nine  and 52/100  ($25,479.52)  Dollars  shall be payable on or
before April 15, 2008.

            3.3  Principal  payment in the amount of One  Million  Five  Hundred
Thousand ($1,500,000.00) Dollars, together with all accrued and unpaid interest,
at the rate of  fifteen  (15%)  percent  per  annum,  on or before  May 1, 2008.
Presuming timely  compliance with the foregoing  payment terms, the interest due
on May 1, 2008 will be Twelve  Thousand  Three Hundred  Twenty-Eight  and 80/100
($12,328.80) Dollars.

      After the May 1, 2008 payment,  and presuming  timely  compliance with the
foregoing  payment  terms,  the  principal  and  interest  then due and owing by
SYNOVICS to COPANOS will be Five Hundred Thousand  ($500,000.00)  Dollars,  plus
interest, which amounts shall be payable as follows:

            3.4  Interest  payment in the amount of Six Thousand  Three  Hundred
Sixty-Nine and 86/100 ($6,369.86) Dollars, on or before June 1, 2008.

            3.5  Interest  payment in the amount of Six Thousand  Three  Hundred
Sixty-Nine and 86/100 ($6,369.86) Dollars, on or before July 1, 2008.

            3.6 Principal in the amount of Five Hundred  Thousand  ($500,000.00)
Dollars,  together with all accrued and unpaid interest,  at the rate of Fifteen
(15%)  percent  per  annum,  on or  before  August  1,  2008.  Presuming  timely
compliance with the foregoing  payment terms, the interest due on August 1, 2008
will be Six Thousand One Hundred Seventy-Five and 80/100 ($6,175.80) Dollars

            3.7  Principal  amounts  outstanding  under this  Agreement  and the
Second  Amended  and  Restated  Promissory  Note,  dated as of May 20,  2006 may
otherwise be prepaid at any time at the option of SYNOVICS, in whole or in part,
without premium or penalty.

            3.8 Through the date SYNOVICS pays all of the principal and interest
outstanding  to COPANOS,  COPANOS shall have the right,  upon written  notice to
SYNOVICS,  to convert up to Five Hundred Thousand  ($500,000.00)  Dollars of the
principal  amount due him into SYNOVICS'  Series C Preferred  Stock, at the same
price as that Series C Preferred Stock is sold to other investors.

            3.9 There shall not be any grace period, whatsoever, with respect to
any payments due under this Agreement.  SYNOVICS specifically  acknowledges that
time is of the essence in this  Agreement.  The payments to be made by SYNOVICS,
pursuant to Sections  3.1 through 3.6 above,  shall be made by wire  transfer to
COPANOS,  pursuant to wiring instructions provided by COPANOS or his attorney to
SYNOVICS prior to the aforesaid payment dates.


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<PAGE>

      4.  JUDGMENT.  In the  event  SYNOVICS  fails to abide  by the  terms  and
conditions  of this  Agreement  and not remit any payment  timely when due, then
SYNOVICS  will be  considered  to be in  default  from the  time the  stipulated
payment became due.

            4.1 COPANOS shall then proceed with litigation by filing a Complaint
in the Circuit Court in Broward County,  Florida,  without further notice and/or
conditions  precedent.  Once a  Complaint  is filed by COPANOS  and  SYNOVICS is
served with the lawsuit, SYNOVICS waives any and all defenses to such action and
agrees to a Final Judgment,  without necessity of a further hearing, for the sum
of Two Million and 00/100  ($2,000,000.00)  Dollars, plus all accrued and unpaid
interest at the rate of Fifteen (15%) Percent per annum,  as of the date of such
judgment, which amount shall be stipulated in such judgment, less those payments
previously  made by  SYNOVICS to COPANOS,  pursuant to  paragraph 3 above,  plus
additional  interest,  at the rate of Eighteen (18%) percent per annum, from and
after the date of default, and for execution to issue forthwith.

            4.2  COPANOS and  SYNOVICS  expressly  waive both their  rights to a
trial by jury.

            4.3 Once full  payment is made by SYNOVICS  and received by COPANOS,
COPANOS will provide SYNOVICS with a Satisfaction of Payment and/or Release.  If
an action  was filed in Court,  COPANOS  will file a  Voluntary  Dismissal  With
Prejudice  with the  Court  where the  action  was filed  once full  payment  is
received.

      5. BANKRUPTCY.  SYNOVICS further acknowledges and agrees that in the event
of the filing of a voluntary or involuntary bankruptcy, whether under Chapter 7,
Chapter 11, or otherwise, under the Federal Bankruptcy Code, involving SYNOVICS,
prior to the date on which SYNOVICS has fully satisfied its payment obligations,
pursuant to paragraph 3 above, it shall  specifically  request of the bankruptcy
court,  that its debt to COPANOS,  in the amount of the remaining monies due and
owing by it, pursuant to paragraph 3 above,  not be discharged in bankruptcy and
that such debt to COPANOS shall survive such  bankruptcy  filing,  together with
the discharge of same.

      6.  SEVERABILITY.  In the event any provision of this Agreement is held to
be  unenforceable,  void,  or invalid for any reason,  the  unenforceability  or
invalidity thereof shall not affect the remainder of this Agreement, which shall
remain in full force and effect and enforceable in accordance with its terms.

      7. CONSTRUCTION AND INTERPRETATION.  When the context requires, the gender
of all words shall include the masculine,  feminine,  and neuter, and the number
of all words shall  include the singular and plural.  The  paragraphs  and other
headings  contained in this Agreement are for reference  purposes only and shall
not affect in any way the  meaning or  interpretation  of this  Agreement.  This
Agreement  shall be construed  without  regard to any  presumption or other rule
requiring construction against the party causing this Agreement to be drafted.

      8. WAIVER.  All waivers to be effective  shall be in writing and signed by
the waiving  party.  One or more  waivers of a breach of any  provision  of this
Agreement shall not be construed as a waiver of a subsequent  breach of the same
or any other  provision,


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<PAGE>

nor shall any delay or omission by a  non-defaulting  party to seek a remedy for
any breach of this  Agreement or otherwise to exercise the rights  accruing to a
non-defaulting  party  by  reason  of  such  breach  be  deemed  a  waiver  by a
non-defaulting party of its remedies and rights with respect to such breach.

      9. AMENDMENT AND  MODIFICATION.  No amendment or modification of the terms
of this Agreement  shall be binding unless reduced to writing and signed by each
of the parties hereof.

      10. ENTIRE AGREEMENT.  This Agreement contains the entire Agreement by and
between  the  parties  and  supersedes  any  and  all  previous  discussions  or
agreements,  written or oral, by and between the parties relating to the subject
matter of this Agreement.

      11.  JURISDICTION;   VENUE;   INCONVENIENT  FORUM.  Any  suit,  action  or
proceeding with respect to this Agreement,  or any judgment entered by any court
in respect to this Agreement  shall be brought  exclusively in the courts of the
State of Florida  located in Broward  County,  Florida to the  exclusion  of any
other Court and the parties accept the exclusive personal  jurisdiction of those
courts for the  purpose of any suit,  action or  proceeding.  In  addition,  the
parties  knowingly,  intentionally and irrevocably  waive, to the fullest extent
permitted by law, any  objection  which they may now or later have to the laying
of venue of any suit,  action or  proceeding  arising out of or relating to this
Agreement, or any judgment entered by any court brought in the State of Florida,
located in Broward County, and further, knowingly, intentionally and irrevocably
waive any claim  that any suit,  action or  proceeding  brought  in the State of
Florida located in Broward County has been brought in any inconvenient forum.

      12.  BENEFIT.  All of the terms and provisions of this Agreement  shall be
binding upon,  inure to the benefit of, and be enforceable by the parties hereto
and their respective administrators,  executives, legal representatives,  heirs,
successors and permitted assigns.

      13. COUNTERPARTS. This Agreement may be executed in multiple counterparts,
each of which shall be deemed to be an original and all of which  together shall
be deemed to be one and the same instrument.



                         [SIGNATURES ON FOLLOWING PAGE]


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<PAGE>

      14.  GOVERNING  LAW.  This  Agreement  has been executed and delivered and
shall be  construed  and  enforced in  accordance  with the laws of the State of
Florida, without regard to Florida's conflicts of laws principles.


      IN WITNESS  WHEREOF,  the parties have duly executed this  Agreement as of
the date first written above.

                                   COPANOS:


                                   ---------------------------------------------
                                   John S. Copanos


                                   SYNOVICS PHARMACEUTICALS, INC., a
                                   Nevada corporation:


                                   By:
                                       -----------------------------------------
                                       Ronald Howard Lane, PhD, Chairman and CEO




                          [NOTARIZATION PAGE FOLLOWS]


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<PAGE>

STATE OF  _____________ )
                        )
COUNTY OF  ____________ )

      The  foregoing  instrument  was  acknowledged  before  me  this  __ day of
November,  2007 by Ronald  Howard Lane, as Chairman of the Board of Director and
Chief Executive Officer of Synovics Pharmaceuticals,  Inc., a Nevada corporation
who is personally known to me or has produced ____________ as identification.


                              _____________________________________
                              Notary Public
                              State of _____________
My Commission Expires:



STATE OF FLORIDA  )
                  )
COUNTY OF BROWARD )

      The foregoing instrument was acknowledged before me this ___________day of
November, 2007 by John S. Copanos, who is personally known to me or has produced
________________________________as identification.



                              _____________________________________
                              Notary Public
                              State of Florida
My Commission Expires:



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<PAGE>


                                    EXHIBIT A

                    AGREEMENT , DATED AS OF NOVEMBER 9, 2007

                                 (COPY ATTACHED)



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