**EXHIBIT      10.22**

**MEMORANDUM      OF UNDERSTANDING**

**THIS      MEMORANDUM OF UNDERSTANDING**

**WITNESSET**
**H:**

**WHEREAS,**

**WHEREAS,**

**WHEREAS,**

**NOW,      THEREFORE,**

| **Article                1.** | **Return                of the Product Inventory; Refund of the Purchase Price and Reimbursement                of Certain Expenses** |
|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|

| 1.1 | The                Product Inventory being returned to MHI consists of 1,564,000 pieces                that                are described in the invoices attached hereto as Exhibit A. MHUT                will                return the Product Inventory to MHI, as set forth                below: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·     | Consignee:                             Medi-Hut              Int’l.(Mfg.) Co., Inc. |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| ·     | Port              of discharge:     Busan,              Korea |
|--------------------------------|-----------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| ·     | Place              of delivery:      Medi-Hut              Int’l (Mfg.) Co, Inc. |
|--------------------------------|-----------------------------------------------------------------------------------------------------------------|

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| ·     | Shipment              will be arranged on a container basis. |
|--------------------------------|--------------------------------------------------------------|

|   |   |
|--------|--------|

| ·     | Freight              will be prepaid. |
|--------------------------------|---------------------------------------|

|   |   |
|--------|--------|

| ·     | After              shipment, a copy of shipping documents will be sent to the consignee              by              facsimile. |
|--------------------------------|---------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | Upon                return of the Product Inventory as set forth in Section 1.1 above                MHI                agrees to pay the following amounts to                MHUT: |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Refund                  of the Purchase Price:                                                 |   |   | US                  $190,115 |   |
|------------------------------------------------------------------------------------------------|--------|--------|------------------------------|--------|
| Freight                  and other expenses incurred by MHUT for the purchase of the Products: |   |   | US                  $21,980  |   |
| Freight                  and other expenses incurred by MHUT for the return of the Products:   |   |   | US                  $8,760   |   |
| Total:                                                                                         |   |   | US                  $220,855 |   |
|                                                                                           |   |   |                         |   |

| 1.3 | The                    amounts set forth in Section 1.2 above shall be paid to MHUT                    by MHI as                    follows: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

|  | 1.3.1 | To                the extent that MHI resells any portion of the returned Product Inventory                in accordance with Article 2 below, any proceeds from such resale                of the                Product Inventory, after deducting any reasonable out-of-pocket expenses                incurred by MHI in connection with such resale, shall immediately                be paid                to MHUT. MHI shall provide MHUT with appropriate documentation supporting                any such out-of pocket expenses. |
|--|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 1.3.2 | Any                remaining balance of the amounts set forth in Section 1.2 above (the                “Balance”) shall be paid by MHI by granting to MHUT a 5% discount off the                purchase price (which purchase price shall be determined pursuant                to a                separate agreement between MHI and MHUT) for each future shipment                of                “Elite Safety Syringe” products until the aggregate amount of such                discount equals the Balance; provided, however, that if MHI fails                to                become capable of manufacturing “Elite Safety Syringe” products in                compliance with MHUT’s requirements therefore (including, without                limitation, compliance with any applicable good manufacturing practices)                by December 31, 2003 and if such failure is due to a cause attributable                to                MHI, the Balance shall be paid to MHUT in cash upon reasonable notice                by                MHUT. |
|--|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Article      2.    **
**Undertakings      Relating to the Returned Product Inventory**

|  | 2.1 | It                is expressly acknowledged and agreed by the Parties that the Product                Inventory is being returned to MHI for destruction unless such Product                Inventory is re-sterilized pursuant to a process that is specifically                approved by MHUT in advance in                writing. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | MHI                may not resell any portion of the Product Inventory unless and until                (i)                such Product Inventory has been re-sterilized pursuant to a process                that                is approved by MHUT as set forth in Section 2.1 above and (ii) MHI                obtains                from MHUT final approval with respect to such re-sterilized Product                Inventory. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Article      3.    **
**Governing      Law and Dispute Resolution**

| 3.1 | This                MOU shall be governed by and construed and enforced in accordance                with the                laws of Korea without giving effect to the conflict of laws principles                thereof. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | All                disputes, disagreements or questions which might arise between the                Parties                out of or in connection with this MOU, which cannot be amicably settled                by                the Parties, shall be submitted to the International Chamber of Commerce                (“ICC”) for arbitration in accordance with the ICC Rules of Conciliation                and Arbitration in effect at the time of arbitration. Arbitration                shall                take place in Seoul, Korea in the English language before a panel                of three                arbitrators. The award or decision 0 f t he arbitrators shall b e                final                and binding upon the Parties and shall be enforceable in any court                having                jurisdiction over the party against whom the award or decision was                issued.                Nothing set forth herein shall prevent a party from seeking and obtaining                preliminary injunctive or other equitable relief from any court of                competent jurisdiction pending the final award or decision of the                arbitrator. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Article      4.    **
**Notices**

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**Article      5.    **
**Miscellaneous**

| 5.1 | If,                at any time subsequent to the date hereof, any provision of this                MOU shall                be held by any court or arbitral tribunal of competent jurisdiction                to he                illegal, invalid or unenforceable, such provision shall be of no                force or                effect, but the illegality, invalidity or unenforceability of such                provision shall have no effect upon and shall not impair the validity                or                enforceability of any other provision of this MOU. The Parties shall                be                obliged to replace such illegal, invalid or unenforceable provision                by a                new provision having similar                effect. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | This                MOU may be amended, supplemented or changed, and any provision hereof                may                be waived, only by written instrument making specific reference to                this                MOU or to such provision to be waived, signed by the party against                whom                enforcement of such amendment, supplement, modification or waiver                is                sought. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3 | This                MOU shall be binding upon and shall inure to the benefit of the Parties                and their respective successors and permitted assigns; provided,                however,                that neither this MOU nor any rights or obligations hereunder maybe                assigned, transferred or delegated by any party without the prior                written                consent of the other party. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.4 | This                MOU embodies the entire agreement of the Parties with respect to                the                subject matter hereof and supersedes and cancels any and all prior                agreements and understandings, oral or written, which may exist in                relation thereto. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.5 | This                MOU may be executed in any number of counterparts, each of which                shall be                deemed an original, but all of which, taken together, shall constitute                one                and the same instrument. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.6 | This                MOU is executed in the English language, which shall be controlling                in all                respects between the Parties. No translation hereof shall be of any                force                or effect in the interpretation of this                MOU. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*[Signatures      on the following page]*

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**IN      WITNESS WHEREOF,**

| MEDI-HUT INT’L (MFG) CO., LTD.                                                  |   |   | MEDI-HUT CO., INC.                                                                                                 |
|---------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------|
|                                                                                  |   |   |                                                                                                               |
|                                                                                  |   |   |                                                                                                               |
| /s/ Young-Kil              Shin                                                  |   |   | /s/ David              R. LaVance                                                                             |
|                                                                                       |   |   |                                                                                                                    |
| Name:                Young-Kil ShinTitle:     President |   |   | Name:                David R. LaVanceTitle:     Chief Financial              Officer |

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**EXHIBIT      A**

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| COMMERCIAL                INVOICE                                                                                                                                   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Seller:MEDI-HUT                INTL (MFG) CO INC2ND                FLOOR, OYANG BLVD.NO.                33-7 CHANGHUNG-DONG 1-GACHUNG-KU                SEOUL KOREA | Invoice                No. and dateMD03-104 JAN.                29, 2003 |
| L/C                No. and date1254639NJY JAN.                06, 2003                                                                                         |
| Consignee:TO                THE ORDER OF PNC BANK N.A.                                                                                                              | Buyer                (if other than consignee)MEDI-HUT                CO., INC.1345                CAMPUS PKWY.WALL                TWSP., NJ 07753 |
| FromBUSAN,                KOREA                                                                                                                                     | TONEW                YORK, NY USA | Other                Reference |
| Vessel/flightHJ                BARCELONA 069E                                                                                                                       | Departure                date:JAN.                29, 2003 | Terms                of delivery and paymentFOB                BUSAN |
|                                                                                                                                                                |
| Shipping                Marks No.&                Kind of pkgs:                                                                                                 | Goods                description | Quantity | Unit                price/PER                BOX(100 PCS) | Amount |
| MEDI-HUT                CO., INC.                                                                                                                                   | 3CC                SAFETY SYRINGE ELITE BRAND 690 CASES 8 BOXES |
| 1345                CAMPUS PARKWAY                                                                                                                                  | PER                PROFORMA INV. 1226 DATED DEC. 26, 2002 FREE ON BOARD                KOREA |
| WALL                TOWNSHIP, NJ 07753                                                                                                                              |   |   |   |   |
| U.S.A.                                                                                                                                                              | 3CC                25G X 5/8: | 356,000PCS | U$12.10 | U$43,076.00 |
| MADE                IN KOREA                                                                                                                                        | 3CC                25G X 1” | 28,000PCS | U$12.10 | U$3,388.00 |
| LOT                NO:                                                                                                                                              | 3CC                25G X 1 1⁄2” | 48,000PCS | U$12.10 | U$5,808.00 |
| EXPIRATION                DATE:                                                                                                                                     | 3CC                23G X 1” | 120,000PCS | U$12.10 | U$14,520.00 |
| UPC                NO:                                                                                                                                              | TOTAL | 552,000PCS |   | U$66,792.00 |
| PRODUCE                CODE NO.                                                                                                                                     |   |   |   |   |

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| COMMERCIAL                INVOICE                                                                                                                                   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Seller:MEDI-HUT                INTL (MFG) CO INC2ND                FLOOR, OYANG BLVD.NO.                33-7 CHANGHUNG-DONG 1-GACHUNG-KU                SEOUL KOREA | Invoice                No. and dateMD02-148B NOV.                1, 2002 |
| L/C                No. and date1252000NJY SEP.                13, 2002                                                                                         |
| Consignee:TO                THE ORDER OF PNC BANK N.A.                                                                                                              | Buyer                (if other than consignee)MEDI-HUT                CO., INC.1935                SWARTHMORE AVENUELAKEWOOD,                NJ 08701 |
| FromBUSAN/SEOUL,                KOREA                                                                                                                               | TONEW                YORK | Other                Reference |
| Vessel/flightPENANG                SENATOR 0024E                                                                                                                    | Departure                date:NOV.                01, 2002 | Terms                of delivery and paymentFOB                BUSAN |
|                                                                                                                                                                |
| Shipping                Marks No. &                Kind of pkgs:                                                                                                | Goods                description | Quantity | Unit                price/1000                PCS | Amount |
| MEDI-HUT                CO., INC.                                                                                                                                   | ELITE                SAFETY SYRINGES |
| 1935                SWARTHMORE AVE                                                                                                                                  | AS                PER PROFORMA P/I NO. 0911 DATED SEPTEMBER 10, 2002 |
| LAKEWOOD,                NJ 08701                                                                                                                                   | FREE                ON BOARD SEOUL, KOREA |
| U.S.A.                                                                                                                                                              | 3CC                W/O NEEDLE | 48,000PCS | U$121.38 | U$5,826,240 |
| MADE                IN KOREA                                                                                                                                        | 3CC                20G X 1” | 24,000PCS | U$121.38 | U$2,913,120 |
| LOT                NO:                                                                                                                                              | 3CC                20G X 1 1⁄2” | 12,000PCS | U$121.38 | U$1,456,560 |
| EXPIRATION                DATE:                                                                                                                                     | 3CC                21G X 1” | 24,000PCS | U$121.38 | U$2,913,120 |
| UPC                NO:                                                                                                                                              | 3CC                21G X 1 1⁄2” | 552,000PCS | U$121.38 | U$1,456,560 |
| PRODUCE                CODE NO.                                                                                                                                     | 3CC                22G X 1 1⁄2” | 24,000PCS | U$121.38 | U$2,913,120 |
|                                                                                                                                                                | 3CC                23G X 1” | 42,400PCS | U$121.38 | U$5,146,512 |
|                                                                                                                                                                | 3CC                25G X 5/8” | 39,200PCS | U$121.38 | U$4,758,096 |
|                                                                                                                                                                | 3CC                25G X 1: | 48,000PCS | U$121.38 | U$5,826,240 |
|                                                                                                                                                                | TOTAL | 273,600PCS |   | U$33,209,568 |

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|                                                                                                                                                                |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| COMMERCIAL                INVOICE                                                                                                                                   |
| Seller:MEDI-HUT                INTL (MFG) CO INC2ND                FLOOR, OYANG BLVD.NO.                33-7 JANGCHUNG-DONG 1-GACHUNG-KU                SEOUL KOREA | Invoice                No. and dateMD02-148 OCT.                06, 2002 |
| L/C                No. and date1252000NJY SEP.                13, 2002                                                                                         |
| Consignee:TO                THE ORDER OF PNC BANK N.A.                                                                                                              | Buyer                (if other than consignee)MEDI-HUT                CO., INC.1935                SWARTHMORE AVENUELAKEWOOD,                NJ 08701 |
| Departure                date:OCT.                06, 2002                                                                                                          |   | Other                Reference  |
| Vessel/flightMING                AMERICA 0065E                                                                                                                      | From                BUSAN/SEOUL,                KOREA |
| TONEW                YORK                                                                                                                                           | Terms                of delivery and paymentFOB                BUSAN |
|                                                                                                                                                                |
| Shipping                Marks No. &                Kind of pkgs:                                                                                                | Goods                description | Quantity | Unit                price | Amount |
| MEDI-HUT                CO., INC.                                                                                                                                   | ELITE                SAFETY SYRINGE |
| 1935                SWARTHMORE AVE                                                                                                                                  | AS                PER PROFORMA P/I NO. 0911 DATED SEPTEMBER 10, 2002 |
| LAKEWOOD,                NJ 08701                                                                                                                                   | FREE                ON BOARD SEOUL, KOREA |
| U.S.A.                                                                                                                                                              | 3CC                25g x 5/8” | 220,000PCS | @U$121.38/1,000                PCS | US$26,703,600 |
| MADE                IN KOREA                                                                                                                                        | 3CC                23G X 1” | 53,600PCS | U$121.38/1,000                PCS | $6,505,968 |
| LOT                NO:                                                                                                                                              |   |   |   |   |
| EXPIRATION                DATE:                                                                                                                                     | TOTAL | 273,600PCS |   | US$33,209,568 |
| UPC                NO:                                                                                                                                              |   |   |   |   |
| PRODUCE                CODE NO.                                                                                                                                     |   |   |   |   |

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| **COMMERCIAL                  INVOICE**                                                                                                                                              |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Seller:MEDI-HUT                  INT’L (MFG) CO., INC.2ND                  FLOOR OYANG BLVD.NO.                  33-7 JANGCHUNG-DONG 1-GACHUNG                  KU SEOUL KOREA | Invoice                  No. and date:MD0-2-148A  OCT.                  16, 2002 L/C                  N. and date:1252000NJY  SEPT.                  13, 2002 |
| Consignee:TO                  ORDER OF PNC BANK N.A                                                                                                                                  | Buyer:MEDI-HUT                  CO., INC.1935                  SWARTHMORE AVENUELAKEWOOD,                  NJ 08701 |
| From:BUSAN/SEOUL,                  KOREA                                                                                                                                             | To:NEW                  YORK |                  Other                  reference: |
| Vessel/flight                                                                                                                                                                        | Departure                  date: | Terms                  of delivery and payment: |
| MISC                  MATILDE 003A                                                                                                                                                   | OCT.                  16, 2002 | FOB                  BUSAN |
| Shipping                  marks No. &                  King of Packages                                                                                                          | Goods                  description | Quantity | Unit                  price/1000PCS | Amount |
| MEDI-HUT                  CO., INC.                                                                                                                                                  | ELITE                  SAFETY SYRINGE |   |   |   |
| 1935                  SWARTHMORE AVE.                                                                                                                                                | AS                  PER PROFORMA P/1 NO. 0911 DATED SEPTEMBER 10, 2002 |
| LAKEWOOD,                  NJ 08701                                                                                                                                                  | FREE                  ON BOARD SEOUL, KOREA |
| U.S.A.                                                                                                                                                                               | 3CC                  25GX 1" | 48,000PCS | U$121.38 | U$5,826.24 |
| MADE                  IN KOREA                                                                                                                                                       | 3CC                  24GX 1 1/2" | 48,000PCS | U$121.38 | U$5,826.24 |
| LOT                  NO.:                                                                                                                                                            | 3CC                  22GX 1" | 120,000PCS | U$121.38 | U$14,565.60 |
| EXPIRATION                  DATE:                                                                                                                                                    | 3CC                  21GX 1 1/2" | 12,000PCS | U$121.38 | U$1,456.56 |
| UPC                  NO.:                                                                                                                                                            | 3CC                  23GX 1" | 24,000PCS | U$121.38 | U$2,913.12 |
| PRODUCT                  CODE NO.:                                                                                                                                                   | 3CC                  22G X 1 1/2" | 24,000PCS | U$121.38 | U$2,913.12 |
|                                                                                                                                                                                 | 3CC                  20G X 1 1/2" | 12,000PCS | U$121.38 | U$1,456.56 |
|                                                                                                                                                                                 | 3CC                  25G X 5/8" | 180,800PCS | U$121.38 | U$21,945.50 |
|                                                                                                                                                                                 | TOTAL | 468,800PCS |   | U$56,902.944 |

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