Document:

SUBSCRIPTION AGREEMENT

                                       OF

                                 BIOFIELD CORP.

Gentlemen:

     You have advised me that Biofield Corp., a Delaware corporation, is
accepting subscriptions for the purchase of the Company's promissory notes
("Notes") and shares of its common stock, $.001, par value per share (the
"Common Stock", and together with the Notes, the "Units"). Each Unit consists of
an unsecured 12% promissory note in the principal amount of $50,000 and 150,000
shares of Common Stock. The Memorandum and the other documents that are attached
to or accompany the Memorandum, including this Subscription Agreement, are
sometimes collectively called the "Offering Documents". The Units are being
offered for sale on the terms and conditions set forth in the Memorandum. The
Units will be offered in increments of $50,000 per Unit, with the purchase of
fractional Units permitted at the sole discretion of the Company. The maximum
amount of the offering will be $800,000 (16 Units); provided, however, that we
may increase the maximum amount of the offering to $950,000 (19 Units), at the
election of the placement agent, without further notice to the undersigned.. The
offering of the Units is sometimes referred to herein as "Offering".

          Accordingly, I am writing to advise you of the following terms and
conditions under which I hereby offer to subscribe ("Offer") to one or more
Units in the Company, as set forth herein.

          1. Subscription. Subject to the terms and conditions of the Offering
Documents, I hereby offer to purchase Unit(s) [SUBSCRIBER TO FILL IN NUMBER OF
UNITS SUBSCRIBED FOR]. Unless other arrangements are made that are satisfactory
to the Company, I shall pay in immediately available funds the entire purchase
price of the Units which I have subscribed for by delivering herewith to the
Company a check made payable to the Company in the principal sum of such
purchase price.

          2. Conditions to Offer. The Company shall have the right to accept or
reject my Offer, in whole or in part, for any reason whatsoever. The Offer shall
be deemed to be accepted by the Company only when this Subscription Agreement is
signed by the Company and a counterpart is delivered to me ("Closing Date").
Until such execution and delivery, I understand that my Offer has not been
accepted and no sale of a Unit to me has occurred.

          3. Representations and Warranties of the Undersigned. The undersigned,
in order to induce the Company to accept this Offer, hereby warrants and
represents to the Company as follows:

               (A) (i) If I am an individual, I am over the age of twenty-one
(21) years, reside at the address set forth below and have no present intention
of becoming a resident of any other jurisdiction.

                                 (Street Address)

                                 (City, State or Country
                                 of residency, Zip Code)

                   (ii) If I am a partnership, corporation or other entity, my
principal business address, is:

                                 (Street Address)

                                 (City, State, Zip Code)

               (B) I have not authorized any person or institution to act as my
purchaser representative in connection with this transaction. I am experienced
in investment and business matters. I have such knowledge and experience in
financial and business matters that I am capable of evaluating the merits and
risks of my prospective investment in the Company on the terms and conditions
set forth in the Offering Documents, which I have read and understand.

               (C) In particular, and not in limitation of the representations
and warranties contained herein, I have taken full cognizance of and understand:

                   (i) the Offering Documents;

                   (ii) that the Units are speculative investments which involve
a high degree of risk of loss of my entire investment;

                   (iii) that there are substantial restrictions on the
transferability of the Units; that the Notes are non-transferable, and unless
and until a registration statement is filed with the Securities and Exchange
Commission ("SEC") and declared effective, I will only be able to sell my shares
in the public market pursuant to the provisions of SEC Rule 144. Accordingly, I
may have to hold my Units indefinitely; and that it may not be possible for me
to liquidate at any time my investment in the Company;

               (D) I:

                   (i) have adequate means of providing for my current needs and
possible personal contingencies, and have no need for liquidity of my proposed
investment in the Company; and

                   (ii) can afford (a) to hold unregistered securities for an
indefinite period of time; and (b) sustain a complete loss of the entire amount
of my proposed investment in the Company and, at the same time, bear any tax
liability which may result if such investment in the Company is lost.

               (E) I have been:

                   (i) furnished with a copy of the Offering Documents, and such
other information and documentation in connection with the offering as has been
requested; and

                   (ii) afforded the opportunity to ask questions of, and
receive answers from, the Company or persons acting on its behalf concerning the
terms and conditions of the offering and to obtain any additional information,
to the extent such persons possess such information or can acquire it without
unreasonable effort or expense, necessary to verify the information furnished;
and have availed myself of such opportunity to the extent I consider it
appropriate in order to permit me to evaluate the merits and risks of my
proposed investment.

               (F) I further acknowledge that I have relied solely upon the
representations, warranties, covenants and agreements made by the Company herein
and that I have not relied upon any other representations or other information
(whether oral or written and including any projections or supplemental data)
made or supplied by or on behalf of the Company or any affiliate, employee,
agent or other representative of the Company.

               (G) I further acknowledge that I am aware that the offering has
not been passed upon or the merits thereof endorsed or approved by any state or
Federal authorities.

               (H) The Units being subscribed for are being acquired solely for
my account for investment and not with a view to, or for resale in connection
with, any distribution. By such representation, I mean that no other person,
except as indicated below, has or will have a beneficial interest in the Units
subscribed for hereunder, and that no other person, except as indicated below,
has furnished or will furnish, directly or indirectly, any part of the
consideration being paid to the Company in connection therewith.

               (I) If this Subscription Agreement is executed and delivered on
behalf of a partnership, corporation, trust or other entity, the undersigned has
been duly authorized to execute and deliver this Subscription Agreement and all
other instruments executed and delivered on behalf of such partnership,
corporation, trust or other entity in

connection with the purchase of the Units, the signature of the undersigned is
binding upon such partnership, corporation, trust or other entity and the
undersigned has delivered herewith the underlying partnership agreement,
corporate charter documents or trust agreement of such entity and such other
evidence of the ability of such partnership, corporation, trust or other entity
to purchase the Units as may be requested by the Company.

               I hereby certify that each of the foregoing representations and
warranties are true and will continue to be true as of the Closing Date and
shall survive such date. If, in any respect, such representations and warranties
shall not be true, I shall give written notice of such fact to the Company
specifying which representations and warranties are not true and the reasons
therefor.

               It is understood that all documents, records and books pertaining
to the offering have been made available for my inspection, and that such
documents, records and books will continue to be available upon reasonable
notice for inspection during reasonable business hours prior to the Closing
Date.

          4. Representation and Warranties of the Company. The Company hereby
warrants and represents to me as follows:

               (A) Organization. The Company is a corporation duly organized,
validly existing and in good standing under the laws of the State of Delaware.
The Company has full corporate power and authority to execute, deliver and
perform this Agreement and consummate the transactions contemplated hereby;

               (B) Authorization; Enforceability; Third Party Consents. The
execution, delivery and performance of this Agreement and the transactions
contemplated hereby by the Company have been duly and validly authorized by the
Company and by all other necessary corporate action on the part of the Company.
This Agreement constitutes the legal, valid and binding obligations of the
Company, enforceable against the Company in accordance with its respective
terms. To the Company's knowledge, no consent, approval, order or authorization
of, or declaration, filing or registration with, any person or governmental
authority is required to be made or obtained by the Company in connection with
the authorization, execution, delivery or performance of this Agreement or the
transactions contemplated hereby.

               (C) Securities and Exchange Commission Filings. With respect to
all reports which have been publicly filed by the Company with the Securities
and Exchange Commission pursuant to the requirements of the Securities Act of
1933, as amended (the "Securities Act"), or the Securities and Exchange Act of
1934, as amended, none of these reports contains any untrue statement of a
material fact or omits to state a material fact necessary to make the statements
contained therein in light of the circumstances in which they are made, not
misleading.

               (D) No Misrepresentation. The Offering Documents do not contain
any untrue statement of a material fact or omit to state a material fact
necessary to make the statements contained herein or therein in light of the
circumstances in which they were made, not misleading.

          5. Registration Rights.

               (A) Within sixty (60) days from the final closing of the Offering
(the "Filing Deadline"), the Company shall prepare and file with the SEC a
registration statement under the Securities Act (the "Registration Statement")
covering, among other things, the Common Stock purchased by me in the Offering
(the "Registrable Shares"). The Company agrees to use its best efforts to cause
the Registration Statement to become effective as expeditiously as possible and
to use commercially reasonably efforts to maintain the effectiveness of such
Registration Statement, subject to the provisions of Section 5(B), for
twenty-four (24) months from the date the Registration Statement is declared
effective by the SEC. The Company may require me to furnish in writing to the
Company such information regarding me, the plan of distribution of the
Registrable Shares and other information as the Company may from time to time
reasonably request or as may be legally required in connection with such
registration. I shall make best efforts to furnish the Company such information
in a timely manner. The registration statement will include the shares of common
stock (i) included in the Units, (ii), issuable in the event the Note is not
paid on the maturity date, (iii) issuable upon exercise of the warrants issuable
to the Placement Agent, and (iv) issuable for a period of six months in the
event the registration statement is not declared effective within the time
prescribed in subsection (C).

               (B) (i) The Company may defer the filing (but not the
preparation) of the registration statement or suspend the Company's obligation
to cause such Registration Statement to become and remain effective if (1) at
any time prior to the filing of such Registration Statement with the SEC the
Company is engaged in confidential negotiations or other confidential business
activities, disclosure of which, in the Company's reasonable opinion, would be
required in such Registration Statement and would not be required if such
registration statement were not filed, and the Company's board of directors
determines in good faith based upon the written advice of counsel that such
disclosure would be materially detrimental to the Company and its stockholders
or would have a material adverse effect on any such confidential negotiations or
other confidential business activities, or (2) the Company is actively engaged
in discussions with underwriters with respect to a registered underwritten
public offering of the Company's securities for the Company's account and is
proceeding with reasonable diligence to effect such offering. If, after a
Registration Statement filed under Section 6 becomes effective, the Company
advises me that the Company considers it appropriate for the Registration
Statement to be amended, I shall suspend any further sales of my registered
shares until the Company advises me that the Registration Statement has been
amended.

                   (ii) A deferral of the filing or suspension of a Registration
Statement pursuant to this Section shall be lifted if, in the case of a deferral
pursuant to clause (1) of this Section 6, the negotiations or other activities
are disclosed or terminated or, in the case of a deferral pursuant to clause (2)
of this Section 5, the proposed registration for the Company's account is
completed or abandoned. During the deferral or suspension of the filing, the
Company's obligations pursuant to Section 5(A) and Section 5(C) shall be
suspended and for each day of deferral or suspension, and an extra day shall be
added to Filing Deadline until the lifting of such deferral or suspension.

                   (iii) In order to defer the filing of a registration
statement or suspend the Company's obligation to cause such registration
statement to become and remain effective pursuant to this Section 6, the Company
shall promptly (but in any event within five (5) business days), upon
determining to seek such deferral or suspension, deliver to me a certificate
signed by an executive officer of the Company stating that the Company is
deferring such filing pursuant to this Section 5 and a general statement of the
reason for such deferral and an approximation of the anticipated delay. The
certificate shall be accompanied by the written advice of counsel referred to in
Section 5(B)(i), above. I hereby agree to keep confidential any information
disclosed to me in any such certificate (including the fact that such
certificate was delivered); provided that this provision shall not prevent
disclosures by me to its accountants and attorneys upon their agreement to be
bound by the confidentiality and trading restriction provisions of this
Agreement set forth in this Section 5. I further agree, whether directly or
indirectly, not to trade or otherwise engage in trading activities relating to
the Company's securities, and not to enter into loans, exchanges of securities,
or other similar arrangements relating to derivative instruments tied to the
value of the Company's securities, during such deferral or suspension.

                   (iv) Notwithstanding the foregoing, no deferral of the filing
of the registration statement or suspension of the registration statement shall
relieve the Company of any obligation it may have to issue shares to the
undersigned within the time and in the manner provided for under this Agreement
or any other agreement between the Company and the undersigned.

               (C) If the Registration Statement is not declared effective prior
to the expiration of ninety (90) days of the Filing Deadline and it is not
primarily due to my failure to provide information or related to the accuracy or
completeness of the information I have provided to the Company, the Company
hereby agrees to issue additional shares of Common Stock to the holders of
record of the Common Stock at such time, equal to 12,500 shares of Common Stock
for each thirty (30) days of delay until the Registration Statement is declared
effective by the SEC.

               (D) Piggy-back Registration Rights. If following twenty-four (24)
months after the Registration Statement has been declared effective by the SEC,
the Company proposes to register any of it securities under the Securities Act
for sale to the public, whether for its own account or for the account of other
security holders or both (except with respect to registration statements on Form
S-4, S-8 or another form not available for registering the Registrable Shares
for sale to the public), provided that I still

own shares of the Common Stock purchased by me pursuant to the Offering, it
shall give written notice to me, of its intention to do so. Upon my written
request, received by the Company within 30 days after the giving of any such
notice by the Company, to register any of my Registrable Shares, the Company
will use its best efforts to cause the Registrable Shares as to which
registration shall have been so requested to be included in the securities to be
covered by the registration statement proposed to be filed by the Company, all
to the extent requisite to permit the sale or other disposition by me of such
Registrable Shares so registered. In the event that any registration pursuant to
this Section 5(D) shall be, in whole or in part, an underwritten public offering
of Common Stock, the number of shares of Registrable Shares to be included in
such underwriting may be reduced (pro rata among the requesting holders based
upon the number of shares of shares of Common Stock purchased pursuant to the
Offering and owned by such holders) if and to the extent that the managing
underwriter shall be of the opinion that such inclusion would adversely affect
the marketing of the securities to be sold by the Company therein.
Notwithstanding the foregoing provisions, the Company may withdraw any
registration statement referred to in this Section 5(D) without thereby
incurring any liability to me or any holders of shares of Common Stock purchased
pursuant to the Offering.

               (E) Restrictions on Resale of Registrable Shares Following
Effectiveness. As a material inducement to the Company to sell the Unit(s) to
me, I hereby covenant and agree that:

                   (i) I will not publicly sell or transfer any of the
Registrable Shares for a period of six (6) months following the effective date
of the registration statement covering Registrable Shares;

                   (ii) upon expiration of the six (6) month period described in
the preceding clause and for a period of twelve (12) months thereafter, I will
not, in any given calendar month, publicly sell any of the Registrable Shares
(except if such Registrable Shares are covered as part of an effective
registration statement in an underwritten public offering effective at the time
of such sale) in an amount exceeding twenty percent (20%) of the average trading
volume of the Company's shares of Common Stock for the prior calendar month; and

                   (iii) as a condition to registration of any Registrable
Shares on behalf of any person who is a transferee of any of my Registrable
Shares, such transferee(s) agrees in writing to the restrictions contained in
this Section 5.

          6. Survival of Representations, Warranties and Covenants. All
representations and warranties contained in or made pursuant to this Agreement
shall survive the execution and delivery of this Agreement, acceptance by the
Company of the subscription and delivery of the Units.

          7. Indemnification. I understand that the Common Stock are being
offered without registration under the Securities Act of 1933 (as amended) in
reliance

upon the exemption pursuant to Section 4(2) of that Act for transactions by an
issuer not involving any public offering, and, in various states, pursuant to
exemptions from registration; that the availability of such exemptions is in
part dependent upon the truthfulness and accuracy of the representations made by
me herein and in my Investor Questionnaire; that the Company will rely on such
representations in accepting my Offer and that the Company, any agent retained
by the Company to sell the Units and the Company may (but shall not be required
to) take such steps as they consider reasonable to verify the accuracy and
truthfulness of such representations in advance of accepting or rejecting my
Offer. Irrespective of any such investigation, I hereby agree to indemnify and
hold harmless the Company and all of its officers, directors, employees, agents
(including, without limitation, any agent retained by the Company to sell the
Units) and affiliates from any and all damages, losses, expenses or costs
(including reasonable attorney's fees) which they may incur by reason of my
failure to fulfill all of the terms and conditions of this Subscription
Agreement or by reason of my breach of any of the representations, warranties or
agreements contained in this Subscription Agreement or my Investor
Questionnaire.

          8. Revocation. I agree that I shall not cancel, terminate or revoke
this Subscription Agreement (except to the extent as may be permitted by
applicable law) or any agreement made by me hereunder, and that this
Subscription Agreement shall survive my death, disability or insolvency.

          9. Termination of Subscription Agreement. I acknowledge having been
advised that the Company may elect to terminate the offering or to cancel this
Subscription Agreement for any reason and at any time prior to the Closing Date
without liability other than to return to me, with any interest earned, my
subscription.

          10. Registration of Ownership. I wish to own my Units as follows:

               a.   ____Individual ownership.

               b.   ____Joint tenants with rights of survivorship. (Both parties
                    must sign all required documents, unless subscriber's
                    attorney advises that one signature is sufficient.)

                         c. ____Tenants in common. (Both parties must sign all
                    required documents.)

                         d. ____Trust. (Include name of trust, name of trustee
                    and date trust was formed.)

                         e. ____Partnership. (Include copy of Partnership
                    Agreement authorizing signature.)

               f.   ____Other. (Indicate:)

          11. Certification. I certify that I have read this entire Subscription
Agreement and every statement set forth herein is true and complete.

          12. Miscellaneous.

               (A) All notices or other communications permitted or required to
be given hereunder shall be in writing and shall be deemed to be duly given if
given personally with receipt acknowledged or sent, by registered or certified
mail, return receipt requested, by facsimile or by overnight courier for next
day delivery, to me at my address set forth in question 3(A) above and to the
Company at 1025 Nine North Drive, Suite M, Alpharetta, Georgia 30004, unless
notice is given of a change of address in the manner set forth herein, in which
case notices shall be sent to the new address so designated. Notice of change of
address shall be deemed given when actually received; all other notices shall be
deemed given and received on the earlier of (a) when actually received or upon
refusal to accept delivery thereof, or (b) on the date when personally
delivered, one (1) day after being sent by facsimile or overnight courier and
three (3) days after mailing, as aforesaid.

               (B) This Subscription Agreement constitutes the entire agreement
among the parties with respect to the subject matter hereof and may be amended
only by a writing executed by the party against which it is to be enforced.

               (C) This Subscription Agreement shall be governed by and
construed in accordance with the laws of the State of Georgia.

          IN WITNESS WHEREOF, the Subscriber has executed this Subscription
Agreement on the date below.

-----------------------------------          -----------------------------------
SUBSCRIBER SIGN HERE                         CO-SUBSCRIBER SIGN HERE

-----------------------------------          -----------------------------------

     Social Security Number                        Social Security Number
               or                                            or
  Taxpayer Identification Number               Taxpayer Identification Number

ACCEPTED AND AGREED TO

as of this __ day of _________, 2004

                                             BIOFIELD CORP.

                                             By:
                                                --------------------------------WARRANT AGREEMENT

THIS WARRANT HAS BEEN AND THE SHARES OF COMMON STOCK WHICH MAY BE PURCHASED
PURSUANT TO THE EXERCISE OF THIS WARRANT HAVE BEEN ACQUIRED FOR INVESTMENT AND
NOT FOR DISTRIBUTION, AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED. SUCH SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED,
HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF A REGISTRATION STATEMENT
IN EFFECT WITH RESPECT THERETO UNDER SUCH ACT UNLESS SOLD PURSUANT TO RULE 144
OF SUCH ACT OR UNLESS SUCH SALE, OFFER, PLEDGE, HYPOTHECATION OR TRANSFER IS
OTHERWISE EXEMPT FROM REGISTRATION. THE COMPANY MAY REQUEST A WRITTEN OPINION OF
COUNSEL (FROM COUNSEL REASONABLY ACCEPTABLE TO THE COMPANY) REASONABLY
SATISFACTORY TO THE COMPANY, TO THE EFFECT THAT REGISTRATION IS NOT REQUIRED IN
CONNECTION WITH SUCH SALE, OFFER, PLEDGE, HYPOTHECATION OR OTHER TRANSFER. THIS
WARRANT OR ANY CERTIFICATE FOR SUCH SECURITIES MUST BE SURRENDERED TO THE
COMPANY OR ITS TRANSFER AGENT AS A CONDITION PRECEDENT TO THE SALE, PLEDGE,
HYPOTHECATION OR ANY OTHER TRANSFER OF ANY INTEREST IN ANY OF THE SECURITIES
REPRESENTED HEREBY OR THEREBY.

                   WARRANT TO PURCHASE SHARES OF COMMON STOCK
                                       OF
                              BIOFIELD CORPORATION

                           DATED AS OF JANUARY 1, 2004
                          VOID AFTER DECEMBER 31, 2008

                               WARRANT TO PURCHASE
                                180,120 SHARES OF
                                  COMMON STOCK
                             (SUBJECT TO ADJUSTMENT)

     THIS CERTIFIES THAT, for value received, Capital Growth Financial, LLC its
endorsees, transferees successors, and assigns (the "HOLDER"), is entitled,
subject to the terms and conditions set forth below, to purchase from Biofield
Corporation, a Delaware corporation (the "COMPANY"), shares of the Company's
Common Stock, $.001 par value per share (the "SHARES"), in the amount and at the
price per share set forth in Section 1 below (subject to adjustment as provided
below), subject to the provisions and upon the terms and conditions set forth
herein. The term "WARRANT" as used herein shall include this Warrant and any
warrants delivered in substitution or exchange therefor as provided herein.

    1. Number and Price of Shares.

         (a) Number of Shares. The Holder shall have the right to purchase at
any time after the date hereof up to 180,120 Shares (as may be adjusted pursuant
hereto) prior to the expiration of this Warrant as provided in Section 10
hereof.

         (b) Exercise Price. The exercise price per Share shall be equal to $.20
per Share, as adjusted from time to time pursuant to Section 8 hereof (the
"EXERCISE PRICE").

    2. Exercise Of Warrants.

         (a) Cash Exercise. The purchase rights represented by this Warrant may
be exercised at the election of the Holder, in whole or in part, at any time,
and from time to time, prior to the expiration of this Warrant as set forth in
Section 10, by (i) the tender to the Company at its principal office (or such
other office or agency of the Company as it may designate by notice in writing
to the Holder at the address of the Holder appearing on the books of the
Company) of a notice of exercise in the form attached hereto as EXHIBIT A (the
"NOTICE OF EXERCISE"), duly completed and executed on behalf of the Holder,
together with the surrender of this Warrant, and (ii) the payment to the Company
of an amount equal to the Exercise Price multiplied by the number of Shares
being purchased by wire transfer or certified, cashier's or other check
acceptable to the Company and payable to the order of the Company.

         (b) Net Issue Exercise. In lieu of exercising this Warrant pursuant to
Section 2(a) above, if the fair market value of one share of Common Stock is
greater than the Exercise Price (at the date of calculation as set forth below),
the Holder may elect to receive a number of Shares equal to the value of this
Warrant (or of any portion thereof remaining unexercised) by surrender of this
Warrant at the principal office of the Company (or such other office or agency
of the Company as it may designate by notice in writing to the Holder at the
address of the Holder appearing on the books of the Company) together with the
properly endorsed Notice of Exercise and notice of such election, in which event
the Company shall issue to the Holder that number of Shares computed using the
following formula:

                  X =  Y (A - B)
                       ---------
                           A

         Where:

         X = the number of Shares to be issued to the Holder;

         Y = the number of Shares purchasable under this Warrant or, if only a
portion of the Warrant is being exercised, the portion of the Warrant being
cancelled (at the date of such calculation).

         A = the fair market value of one share of the Shares (at the date of
such calculation); and

         B = the Exercise Price (as adjusted to the date of such calculation).

         For purposes of the calculation above, the fair market value of one (1)
Share shall be determined by the Board of Directors of the Company, acting in
good faith; provided, however, that where a public market exists for the
Company's Common Stock at the time of such exercise, the fair market value per
share shall be the average of the closing bid and asked prices of the Common
Stock quoted in the Over-The-Counter Market Summary or the last reported sale
price of the Common Stock or the closing price quoted on the Nasdaq National
Market or on any exchange on which the Common Stock is listed, whichever is
applicable, as published in the Wall Street Journal for the twenty (20) trading
day period ending two (2) trading days prior to the date of determination of
fair market value.

         (c) Stock Certificates. This Warrant shall be deemed to have been
exercised and the Shares shall be deemed to have been issued immediately prior
to the close of business on the date of its tender for exercise as provided
above, and the person entitled to receive the Shares issuable upon such exercise
shall be treated for all purposes as the holder of record of such Shares as of
the close of business on such date. As promptly as practicable on or after such
date, the Company shall issue and deliver to the person or persons entitled to
receive the same a certificate or certificates for that number of shares
issuable upon such exercise. In the event that this Warrant is exercised in part
and has not expired, the Company shall execute and deliver a new Warrant with
the same terms and conditions for the number of Shares that remain subject to
this Warrant.

         (d) Taxes. The Holder shall be responsible for any taxes arising from
the issue and delivery of any certificate in a name other than that of the
Holder, and the Company shall not be required to issue or deliver any such
certificate unless and until the person or persons requesting the issue thereof
shall have paid to the Company the amount of such tax or shall have established
to the satisfaction of the Company that such tax has been paid.

    3. No Fractional Shares or Scrip. No fractional shares or scrip representing
fractional shares shall be issued upon the exercise of this Warrant. In lieu of
such fractional share to which the Holder would otherwise be entitled, the
Company shall make a cash payment equal to the Exercise Price multiplied by such
fraction.

    4. Replacement of Warrant. On receipt of evidence reasonable satisfactory to
the Company of the loss, theft, destruction or mutilation of this Warrant and,
in the case of loss, theft or destruction, on delivery of an indemnity agreement
reasonably satisfactory in form and substance to the Company or, in the case of
mutilation, on surrender and cancellation of this Warrant, the Company at the
expense of the Holder shall execute and deliver, in lieu of this Warrant, a new
warrant of like tenor and amount.

    5. Representations and Warranties of the Holder.

         (a) No Registration. The Holder understands that this Warrant and the
Shares issuable upon exercise of this Warrant (the "SECURITIES") have not been,
and will not be except as provided herein, registered under the Securities Act
of 1933, as amended (the "SECURITIES ACT") by reason of a specific exemption
from the registration provisions of the Securities Act, the availability of
which depends upon, among other things, the bona fide nature of the investment
intent and the accuracy of the Holder's representations as expressed herein or
otherwise made pursuant hereto.

         (b) Investment Intent. The Holder is acquiring the Securities for
investment for its own account, not as a nominee or agent, and not with the view
to, or for resale in connection with, any distribution thereof, except as
permitted herein.

         (c) Investment Experience. The Holder has substantial experience in
evaluating and investing in private placement transactions of securities in
companies similar to the Company so that it is capable of evaluating the merits
and risks of its investment in the Company and has the capacity to protect its
own interests.

         (d) Speculative Nature of Investment. The Holder acknowledges that its
investment in the Company is highly speculative and entails a substantial degree
of risk and the Holder is in a position to lose the entire amount of such
investment.

         (e) Accredited Investor. The Holder is an "accredited investor" or
"sophisticated investor" within the meaning of rules and regulations promulgated
by the Securities and Exchange Commission.

         (f) Residency. The residency of the Holder is correctly set forth on
the signature page hereto.

         (g) Restriction on Resales. The Holder acknowledges that the Securities
must be held indefinitely unless subsequently registered under the Securities
Act or unless an exemption from such registration is available. The Company has
no present intention of registering such Securities, except as disclosed to the
Holder. The Holder further understands that there is no assurance that any
exemption from registration under the Securities Act will be available or, if
available, that such exemption will allow the Holder to dispose of or otherwise
transfer any or all of the Securities under the circumstances, in the amounts or
at the times the Holder might propose.

    (h) Authorization.

              (i) The Holder has all requisite power and authority to execute
and deliver this Warrant, to purchase the Shares issuable upon exercise of this
Warrant and to carry out and perform its obligations under the terms and
conditions of this Warrant. All action on the part of the Holder necessary for
the authorization, execution, delivery and

performance of this Warrant, and the performance of all of the Holder's
obligations under this Warrant, has been taken or will be taken prior to the
purchase of this Warrant.

              (ii) This Warrant, when executed and delivered by the Holder, will
constitute a valid and legally binding obligation of the Holder, enforceable in
accordance with its terms except: (i) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium and other laws of general application
affecting enforcement of creditors' rights generally, and (ii) as limited by
laws relating to the availability of specific performance, injunctive relief or
other equitable remedies or by general principles of equity.

              (iii) No consent, approval, authorization, order, filing,
registration or qualification of or with any court, governmental authority or
third person is required to be obtained by the Holder in connection with the
execution and delivery of this Warrant or the performance of the Holder's
obligations hereunder.

         (i) Tax Advisors. The Holder has reviewed with its own tax advisors the
U.S. federal, state, local and foreign tax consequences of this investment and
the transactions contemplated by this Warrant. With respect to such matters, the
Holder relies solely on such advisors and not on any statements or
representations of the Company or any of its agents, written or oral. The Holder
understands that it (and not the Company) shall be responsible for its own tax
liability that may arise as a result of this investment or the transactions
contemplated by this Warrant.

    6. Transfer of Warrants; Restrictions on Transfer.

         (a) Warrant Register. The Company shall maintain a register (the
"WARRANT REGISTER") containing the name and address of the Holder or Holders.
Any Holder of this Warrant or any portion thereof may change its address as
shown on the Warrant Register by written notice to the Company requesting such
change. Any written notice or written communication required or permitted to be
given to the Holder may be delivered or given by any method provided in Section
11(d) hereof. Until this Warrant is transferred in compliance with the terms
hereof, the Company may treat the Holder as shown on the Warrant Register as the
absolute owner of this Warrant for all purposes, notwithstanding any notice to
the contrary.

         (b) Warrant Agent. The Company may, by written notice to the Holder,
appoint an agent for the purpose of maintaining the Warrant Register referred to
in Section 6(a) above, issuing the Shares or other securities then issuable upon
the exercise of this Warrant, exchanging this Warrant, replacing this Warrant or
any or all of the foregoing. Thereafter, any such registration, issuance,
exchange or replacement, as the case may be, shall be made at the office of such
agent.

         (c) Transferability and Non-negotiability of Warrant. Subject to the
provisions of this Warrant with respect to compliance with the Securities Act
and limitations on assignments and transfers, including without limitation
compliance with

the restrictions on transfer set forth in Section 6(e) hereof, title to this
Warrant may be transferred by endorsement (by the transferor and the transferee
executing the assignment form (the "ASSIGNMENT FORM") attached hereto as EXHIBIT
B) and delivery in the same manner as a negotiable instrument transferable by
endorsement and delivery.

         (d) Exchange of Warrant Upon a Transfer. On surrender of this Warrant
for exchange and a properly endorsed Assignment Form, and subject to the
provisions of this Warrant with respect to compliance with the Securities Act
and limitations on assignments and transfers, the Company shall issue to or on
the order of the Holder a new warrant or warrants with the same terms and
conditions, in the name of the Holder or as the Holder (on payment by the Holder
of any applicable transfer taxes) may direct, for the number of shares issuable
upon exercise thereof and the Company shall promptly register any such transfer
upon the Warrant Register.

         (e) Restrictions on Transfer of Warrants and Shares; Compliance with
Securities Laws.

              (i) The Holder agrees not to make any disposition of all or any
portion of the Shares or this Warrant unless and until, and it shall be a
condition to the transfer of all or any portion of the Shares or this Warrant
that: (1) there is then in effect a registration statement under the Securities
Act covering such proposed disposition and such disposition is made in
accordance with such registration statement or (2) (A) the Holder shall have
notified the Company of the proposed disposition and shall have furnished the
Company with a detailed statement of the circumstances surrounding the proposed
disposition, (B) the transferee shall have agreed in writing to be bound by the
terms and conditions of this Warrant to the same extent as if such transferee
were the original Holder hereunder, (C) the transferee shall have confirmed to
the satisfaction of the Company that the Shares or the Warrant purchased are
being acquired solely for the transferee's own account and not as a nominee for
any other party, for investment and not with a view toward distribution or
resale except as provided herein and that the transferee shall have confirmed
such other matters related thereto as may be reasonably requested by the
Company, and (D) if requested by the Company, the Holder shall have furnished
the Company with an opinion of counsel, reasonably satisfactory to the Company,
that such disposition will not require registration of the Warrant or such
Shares under the Securities Act; provided, however, that no registration or
opinion of counsel shall be required, with respect to a transfer by a Holder
which is: (i)a partnership, to an affiliate of such partnership; or a
corporation, to a wholly owned subsidiary of such corporation or in a
distribution to its stockholders; (ii) a partnership or affiliated partnership,
to a partner of such partnership or a retired partner of such partnership who
retires after the date hereof, or to the estate of any such partner or retired
partner; or (iii) a limited liability company, to a member of such limited
liability company or a retired member who resigns after the date hereof or to
the estate of any such member or retired member; provided further that the
transferee in each case agrees in writing to be bound by and subject to the
terms, conditions, restrictions, obligations and other limitations set forth in
this Warrant to the same extent as if it were an original party hereunder (each
a "PERMITTED TRANSFER"). This Warrant or any portion hereof and any Shares
issuable pursuant to

the exercise of this Warrant that are transferred to a transferee shall be
subject to the terms, conditions, restrictions, obligations and other
limitations set forth herein.

              (ii) Unless exercised pursuant to an effective registration
statement under the Securities Act that includes the Shares with respect to
which the Warrant was exercised, it shall be a condition to any exercise of this
Warrant that the Holder shall have confirmed to the satisfaction of the Company
that the Shares so purchased are being acquired solely for the Holder's own
account and not as a nominee for any other party, for investment and not with a
view toward distribution or resale except as provided herein and that the Holder
shall have confirmed such other matters related thereto as may be reasonably
requested by the Company.

              (iii) This Warrant and all Shares issued upon exercise hereof
shall be stamped or imprinted with a legend in substantially the following form
(in addition to any legend required by state securities laws):

         THE SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED SOLELY FOR
         INVESTMENT AND NOT WITH A VIEW TO, OR FOR RESALE IN CONNECTION WITH,
         ANY DISTRIBUTION THEREOF. SUCH SECURITIES AND THE SECURITIES ISSUED
         HEREUNDER AND THEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
         ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE SECURITIES LAWS AND
         MAY NOT BE SOLD, OFFERED, PLEDGED, HYPOTHECATED OR OTHERWISE
         TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN OPINION OF
         COUNSEL REASONABLY SATISFACTORY TO THE COMPANY AND ITS COUNSEL THAT
         SUCH DISPOSITION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS
         DELIVERY REQUIREMENTS OF THE ACT AND ANY APPLICABLE STATE SECURITIES
         LAWS. THE WARRANT AGREEMENT OR ANY CERTIFICATE FOR SUCH SECURITIES MUST
         BE SURRENDERED TO THE COMPANY OR ITS TRANSFER AGENT AS A CONDITION
         PRECEDENT TO THE SALE, PLEDGE, HYPOTHECATION OR ANY OTHER TRANSFER OF
         ANY INTEREST IN ANY OF THE SECURITIES REPRESENTED HEREBY OR THEREBY.

    7. Reservation of Stock. The Company covenants that during the term this
Warrant is exercisable, the Company shall have reserved from its authorized and
unissued Common Stock a sufficient number of shares to provide for the issuance
of the Shares upon the exercise of this Warrant and, from time to time, will
take all steps necessary to amend its Articles or Certificate of Incorporation,
as the case may be, to provide sufficient reserves of shares of Common issuable
upon exercise of the Warrant. The Company agrees that its issuance of this
Warrant shall constitute full authority of its officers who are charged with the
duty of executing stock certificates to execute and issue the necessary
certificates for the Shares upon the exercise of this Warrant.

    8. Adjustment Rights.

    The number and kind of shares purchasable hereunder and the Exercise Price
therefor are subject to adjustment from time to time, as follows:

         (a) Merger. If at any time there shall be any reorganization,
recapitalization, merger or consolidation involving the Company in which shares
of the Company's stock (other than a combination, reclassification, exchange or
subdivision of shares otherwise provided for herein) are converted into or
exchanged for securities, cash or other property, other than as would cause the
expiration of this Warrant under Section 10 hereof, then, as a part of such
reorganization, recapitalization, merger or consolidation, lawful provision
shall be made so that the Holder shall thereafter be entitled to receive upon
exercise of its rights to purchase the Shares hereunder, the kind and amount of
securities, cash or other property of the successor corporation resulting from
such reorganization, recapitalization, merger or consolidation, equivalent in
value to that which a holder of the Common Stock deliverable upon exercise of
the right to purchase the Shares hereunder would have been entitled in such
reorganization, recapitalization, merger or consolidation if the right to
purchase the Shares hereunder had been exercised immediately prior to such
reorganization, recapitalization, merger or consolidation. In any such case,
appropriate adjustment (as determined in good faith by the Company's Board of
Directors) shall be made in the application of the provisions of this Warrant
with respect to the rights and interests of the Holder after the reorganization,
recapitalization, merger or consolidation to the end that the provisions of this
Warrant (including adjustments of the Exercise Price and number of shares of
Common Stock purchasable pursuant to the terms and conditions of this Warrant)
shall be applicable after the event, as near as reasonably may be, in relation
to any shares or other securities deliverable after that event upon the exercise
of the Holder's rights to purchase the Shares pursuant to this Warrant.

         (b) Reclassification of Shares. If the Company at any time shall, by
combination, reclassification, exchange, capital reorganization or subdivision
of securities or otherwise (other than a combination, reclassification, exchange
or subdivision of shares or merger, reorganization or other transaction
otherwise provided for herein), change any of the securities as to which
purchase rights under this Warrant exist into the same or a different number of
securities of any other class or classes, this Warrant shall thereafter
represent the right to acquire such number and kind of securities as would have
been issuable as the result of such change with respect to the securities which
were subject to the purchase rights under this Warrant immediately prior to such
combination, reclassification, exchange, capital reorganization, subdivision or
other change. In any such case, appropriate adjustment (as determined in good
faith by the Company's Board of Directors) shall be made in the application of
the provisions of this Warrant with respect to the rights and interests of the
Holder after the combination, reclassification, capital reorganization,
exchange, subdivision or change to the end that the provisions of this Warrant
(including adjustments of the Exercise Price and number of shares of Common
Stock purchasable pursuant to the terms and conditions of this Warrant) shall be
applicable after the event, as near as reasonably may be, in relation to any
shares or other securities deliverable after that event upon the exercise of the
Holder's rights to purchase the Shares pursuant to this Warrant.

         (c) Subdivisions and Combinations. In the event that the Company shall
at any time subdivide (by stock split, by payment of a stock dividend or
otherwise) the

outstanding shares of Common Stock, or shall issue a stock dividend on its
outstanding shares of Common Stock, the number of Shares issuable upon exercise
of this Warrant immediately prior to such subdivision shall, concurrently with
the effectiveness of such subdivision, be proportionately increased, and the
Exercise Price shall be proportionately decreased, and in the event that the
Company shall at any time combine (by reclassification or otherwise) the
outstanding shares of Common Stock into a lesser number of shares of Common
Stock, the number of Shares issuable upon exercise of this Warrant immediately
prior to such combination shall, concurrently with the effectiveness of such
combination, be proportionately decreased, and the Exercise Price shall be
proportionately increased.

         (d) Adjustment of Warrant Exercise Price Upon Issuance of Shares of
Common Stock or Securities Convertible into Shares of Common Stock. After the
date hereof, in the event the Company issues or commits to issue shares of
Common Stock at a price per share (or in the event the security is a security
that is convertible into Common Stock, a conversion price) that is less than the
Exercise Price of this Warrant (as determined on the date of issuance), then the
Exercise Price of this Warrant shall be adjusted concurrently with such issuance
to an amount equal to the lowest consideration paid (or conversion price set)
for such shares of Common Stock, provided that the Exercise Price shall not be
so reduced to an amount that is less than $.01.

         (e) Adjustment in Number of Securities. Upon each adjustment of the
Exercise Price pursuant to the provisions of this Section 8, the number of
shares of Common Stock issuable upon the exercise of this Warrant shall be
adjusted to the nearest whole number resulting from multiplying the Exercise
Price in effect immediately prior to such adjustment by the number of shares of
Common Stock issuable upon exercise of this Warrants immediately prior to such
adjustment and dividing the product so obtained by the adjusted Exercise Price.

         (f) Notice of Adjustments. Upon any adjustment of the Exercise Price or
any increase or decrease in the number of Shares purchasable upon the exercise
of this Warrant in accordance with this Section 8, then, and in each such case,
the Company, within ten (10) days thereafter, shall give written notice thereof,
in the form of a certificate of the chief financial officer, principal
accounting officer, treasurer or controller of the Company, to the Holder at the
address of such Holder as shown on the Warrant Register of the Company,
delivered by any method provided in Section 11(d) hereof, which notice shall
state the event giving rise to the adjustment, the Exercise Price as adjusted
and, if applicable, the increased or decreased number of Shares purchasable upon
the exercise of this Warrant, setting forth in reasonable detail the method of
calculation of each.

         (g) Other Notices. In the event that the Company shall authorize: (1)
the issuance of any dividend or other distribution on the Common Stock (other
than: (i) repurchases of Common Stock issued to or held by employees, officers,
directors or consultants of the Company or its subsidiaries upon termination of
their employment or services pursuant to agreements providing for the right of
said repurchase; (ii)

repurchases of Common Stock issued to or held by employees, officers, directors
or consultants of the Company or its subsidiaries pursuant to rights of first
refusal contained in agreements providing for such right; or (iii) repurchases
of capital stock of the Company in connection with the settlement of disputes
with any stockholder), whether in cash, property, stock or other securities; (2)
the voluntary or involuntary liquidation, dissolution or winding up of the
Company; or (3) any transaction resulting in the expiration of this Warrant
pursuant to Section 10 hereof; then, in each such case, the Company shall give
written notice thereof to the Holder at the address of such Holder as shown on
the Warrant Register of the Company, delivered by any method provided in Section
11(d) hereof, at least ten (10) days prior to the effective date of such event.
The notice provisions set forth in this section may be shortened or waived
prospectively or retrospectively by the vote or written consent of the holders
of a majority of the Shares issuable upon exercise of the Warrant.

    9. No Rights As Stockholders. Nothing contained herein shall entitle the
Holder to any rights as a Stockholder of the Company or to be deemed the holder
of Common Stock or any other securities of the Company that may at any time be
issuable on the exercise hereof for any purpose nor shall anything contained
herein be construed to confer upon the Holder, as such, any right to vote for
the election of directors or upon any matter submitted to Stockholders at any
meeting thereof, or to give or withhold consent to any corporate action (whether
upon any recapitalization, issuance of stock, reclassification of stock, change
of par value or change of stock to no par value, consolidation, merger,
conveyance or otherwise) or to receive notice of meetings, or to receive
dividends or subscription rights or otherwise or any other rights of a
Stockholder of the Company until the Warrant shall have been exercised and the
Shares purchasable upon exercise hereof shall have become deliverable as
provided herein.

    10. Expiration of Warrant. This Warrant shall expire and shall no longer be
exercisable as of the earlier of:

         (a) 5:00 p.m., Eastern standard time, on December 31, 2008; or

         (b) the acquisition of the Company by another entity by means of any
transaction or series of related transactions (including, without limitation,
any stock acquisition, reorganization, merger or consolidation) other than a
transaction or series of transactions in which the holders of the voting
securities of the Company outstanding immediately prior to such transaction
continue to retain (either by such voting securities remaining outstanding or by
such voting securities being converted into voting securities of the surviving
entity), as a result of shares in the Company held by such holders prior to such
transaction, more than fifty percent (50%) of the total voting power represented
by the voting securities of the Company or such surviving entity outstanding
immediately after such transaction or series of transactions, or (ii) a sale,
lease or other conveyance of all or a majority of the assets of the Company.

11.      Registration

              (a) The Company intends to file a Registration Statement covering
shares of its Common Stock issued in connection with a recent financing in the
amount of $1,000,000 in connection with which Capital Growth Financial, LLC
acted as Placement Agent. The Company agrees to include the shares of Common
Stock that would be issued to Holder upon exercise of the Warrant (the `WARRANT
SHARES") in such Registration Statement.

              (b) Mandatory Registration. The Company shall prepare and file
with the Securities and Exchange Commission ("SEC") , upon a one time written
demand of a majority of the Holders, either a Registration Statement on Form S-1
(or other applicable registration statement form), or an amendment to an
existing Registration Statement, in either event Registering for resale by
Holder a sufficient number of shares of Common Stock for Holder to sell the
number of shares of Common Stock that would be issued upon exercise of the
WARRANT SHARES and any shares issued to the Holder pursuant to the exercise of
the Warrant, at the time of filing of the Registration Statement (assuming for
such purposes that the Warrant had been eligible to be exercised and had been
exercised in accordance with its terms, whether or not such eligibility or
exercise had in fact occurred as of such date). The Registration Statement shall
state that, in accordance with Rule 416 and 457 under the Securities Act, it
covers such indeterminate number of additional shares of Common Stock as may
become issuable upon the exercise of the Warrant to prevent dilution resulting
from stock splits or stock dividends. The Company will use its reasonable best
efforts to cause such Registration Statement to be declared effective.

              (c) Optional, "Piggy-back" Registration. Whenever the Company
proposes to register any of its common stock under the Securities Act (other
than a registration statement on Form S-8), the Company will give prompt written
notice to the Holder of its intention to effect such a registration and will
include in such registration all Warrant shares held by the Holder with respect
to which the Company has received a written request for inclusion therein from
the Holder within 30 days after the delivery of the Company's notice.

              (d) Indemnification. To the extent permitted by law, the Company
will indemnify and hold harmless the Holder, the directors or Managers, if any,
of the Holder, the officers, if any, of the Holder, each person, if any, who
controls the Holder within the meaning of the Securities Act or the Securities
Exchange Act of 1934, as amended (the "EXCHANGE ACT") (each, an "INDEMNIFIED
PARTY"), against any losses, claims, damages, liabilities or expenses (joint or
several) incurred (collectively, "CLAIMS") to which any Holder may become
subject under the Securities Act, the Exchange Act or otherwise, insofar as such
Claims (or actions or proceedings, whether commenced or threatened, in respect
thereof) arise out of or are based upon any of the following statements,
omissions or violations in the Registration Statement, or any post-effective
amendment thereof, or any prospectus included therein: (i) any untrue statement
or alleged untrue statement of a material fact contained in the Registration
Statement or any

post-effective amendment thereof or the omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the
statements therein not misleading; (ii) any untrue statement or alleged untrue
statement of a material fact contained in the final prospectus (as amended or
supplemented, if the Company files any amendment thereof or supplement thereto
with the SEC) or the omission or alleged omission to state therein any material
fact necessary to make the statements made therein, in light of the
circumstances under which the statements therein were made, not misleading; or
(iii) any material violation or alleged material violation by the Company of the
Securities Act, the Exchange Act, any state securities law or any rule or
regulation under the Securities Act, the Exchange Act or any state securities
law (the matters in the foregoing clauses (i) through (iii) being, collectively,
"Violations"). The Company shall reimburse Investor, promptly as such expenses
are incurred and are due and payable, for any legal fees or other reasonable
expenses incurred by them in connection with investigating or defending any such
Claim.

              (e) All expenses incurred by the Holder in connection with the
preparation for registration and the registration and sale of Warrant Shares and
shares issued to the Holder pursuant to the exercise of the Warrant will be paid
by the Company.

    12. Miscellaneous.

         (a) Effective Date. The provisions of this Warrant shall be construed
and shall be given effect in all respects as if it had been executed and
delivered by the Company on the date hereof.

         (b) Waiver and Amendment. Any provision of this Warrant may be amended,
waived or modified only upon the written consent of the Company and the Holder.

         (c) Successors and Assigns. This Warrant, and any and all rights,
duties and obligations hereunder, shall not be assigned, transferred, delegated
or sublicensed by any party hereto without the prior written consent of the
other party, except for a Permitted Transfer by the Holder. Any attempt by a
party without such permission to assign, transfer, delegate or sublicense any
rights, duties or obligations that arise under this Warrant shall be void.
Subject to the foregoing and except as otherwise provided herein, the provisions
of this Warrant shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties.

         (d) Notices. Any notice, request or other communication required or
permitted hereunder shall be in writing and shall be deemed to have been duly
given if personally delivered or mailed by registered or certified mail, postage
prepaid, or by recognized overnight courier or personal delivery at the address
of the Company as shown below or at the respective addresses of the Holder or
Holders as shown on the Warrant Register maintained by the Company (any notice,
request or other communication sent to the Company should be directed to the
attention of the President or Chief Financial Officer of the Company) or at such
other mailing, facsimile or

electronic delivery address as the parties may designate in writing to one
another. Any party hereto may by notice so given change its address for future
notice hereunder. Notice shall conclusively be deemed to have been given when
received.

         (e) Governing Law. This Warrant and all actions arising out of or in
connection with this Warrant shall be governed by and construed in accordance
with the laws of the State of Florida, without regard to the conflicts of law
provisions of the State of Florida, or of any other state.

         (f) Jurisdiction and Venue. Each of the parties hereto irrevocably
consents to the exclusive jurisdiction and venue of any court within Palm Beach
County, State of Florida, in connection with any matter based upon or arising
out of this Warrant or the matters contemplated herein, and agrees that process
may be served upon them in any manner authorized by the laws of the State of
Florida for such persons.

         (g) Further Assurances. Each party hereto agrees to execute and
deliver, by the proper exercise of its corporate, limited liability company,
partnership or other powers, all such other and additional instruments and
documents and do all such other acts and things as may be reasonably necessary
to more fully effectuate this Warrant.

         (h) Entire Agreement. Except as expressly set forth herein, this
Warrant (including the exhibits attached hereto) constitutes the entire
agreement and understanding of the parties hereto with respect to the subject
matter hereof and supersede all prior agreements and understandings relating to
such subject matter.

         (i) WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES ALL RIGHT TO TRIAL BY JURY AND ANY ACTION, PROCEEDING OR COUNTERCLAIM
(WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR THE ACTIONS OF ANY PARTY HERETO IN NEGOTIATION,
ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF.

         (j) Counterparts. This Warrant may be executed in one or more
counterparts, all of which shall be considered one and the same agreement and
shall become effective when one or more counterparts have been signed by each of
the parties and delivered to the other party, it being understood that all
parties need not sign the same counterpart.

         (k) Titles and Subtitles. The titles and subtitles used in this Warrant
are used for convenience only and are not to be considered in construing or
interpreting this Warrant. All references in this Warrant to sections,
paragraphs and exhibits shall, unless otherwise provided, refer to sections and
paragraphs hereof and exhibits attached hereto.

    IN WITNESS WHEREOF, the Company has caused this Warrant to be executed as of
the date first above written.

                                Biofield Corporation

                                By:
                                   ----------------------------------

                                   --------------------------------------------
                                    David M. Long, Jr., M.D., Ph.D
                                    Chairman and Chief Executive Officer

                                    Address:

                                    1025 Nine North Drive
                                    Suite M
                                    Alpharetta, GA 30004

                                    EXHIBIT A

                               NOTICE OF EXERCISE

TO:               Biofield Corporation

ATTENTION:        Chairman and Chief Executive Officer

         (1) In lieu of exercising the attached Warrant for cash or check, the
undersigned hereby elects to effect the net issuance provision of Section 2(b)
of the attached Warrant to Purchase Shares of Common Stock, dated as of January
1, 2004 (the "WARRANT"), between Biofield Corporation and the Holder and receive
____________ (leave blank if you choose Alternative No. 2 below) shares of
Common Stock pursuant to the terms of the attached Warrant. Initial here if the
undersigned elects this alternative: ___________.

         (2) The undersigned Holder hereby elects to purchase ________ (leave
blank if you choose Alternative No. 1 above) shares of the Common Stock of
Biofield Corporation, pursuant to the terms of the attached Warrant, and tenders
herewith payment of the purchase price for such shares in full, together with
all applicable transfer taxes, if any.

         (3) Please issue a certificate or certificates representing said shares
of Common Stock in the name of the undersigned or in such other name as is
specified below:

                                      ------------------------------------------
                                      Name

                                      ------------------------------------------
                                      Address

         (4) Please issue a new Warrant for the unexercised portion of the
attached Warrant in the name of the undersigned or in such other name as is
specified below:

                                      ------------------------------------------
                                      Name

                                      ------------------------------------------
                                      Address

         (5) The undersigned hereby represents and warrants that the aforesaid
shares of Common Stock are being acquired solely for the account of the
undersigned and not as a nominee for any other person and for investment and not
with a view to, or for resale, except as permitted in the Warrant, in connection
with, the distribution thereof, and that the undersigned has no present
intention of distributing or reselling such shares except under circumstances
that will not result in a violation of the Securities Act of 1933, as

amended, or any applicable state securities laws, and all representations and
warranties of the undersigned set forth in Section 5 and Section 6(e) of the
attached Warrant are true and correct as of the date hereof

----------------------------
Date

-----------------------------------------------
 Signature

                                 -----------------------------------------------
                                 Name

                                 -----------------------------------------------
                                 Title and Name of Entity (if signing on behalf
                                 of an entity)

                  (SIGNATURE PAGE TO THE NOTICE OF EXERCISE)

                                    EXHIBIT B
                                 ASSIGNMENT FORM

ASSIGNOR:
                  --------------------
COMPANY:          BIOFIELD CORPORATION

WARRANT:          THE WARRANT (THE "WARRANT") TO PURCHASE SHARES OF COMMON STOCK
ISSUED ON JANUARY 1, 2004.
DATE:
                  ---------------------, ----------
         FOR VALUE RECEIVED, the undersigned registered Holder of the Warrant
("ASSIGNOR") hereby sells, assigns and transfers unto the Assignee named below
all of the rights of the undersigned under the within Warrant, with respect to
the number of shares of Common Stock set forth below:

NAME OF ASSIGNEE               ADDRESS                        NUMBER OF SHARES

--------------------           --------------------           ------------------

and does irrevocably constitute and appoint                 as attorney to make
                                            ---------------
such transfer on the books of                 , maintained for the purpose, with
                              ---------------
full power of substitution in the premises.

         Each of the Assignor and Assignee also represent and warrant that, by
assignment hereof, the Assignee acknowledges that the Warrant and the shares of
stock to be issued upon exercise thereof or conversion thereof are being
acquired for investment and that the Assignee will not offer, sell or otherwise
dispose of the Warrant or any shares of stock to be issued upon exercise thereof
or conversion thereof except under circumstances which will not result in a
violation of the Securities Act of 1933, as amended, or any state securities
laws. Further, the Assignee has acknowledged that upon exercise of the Warrant,
the Assignee shall, if requested by the Company, confirm in writing, in a form
satisfactory to the Company, that the shares of stock so purchased are being
acquired for investment and not with a view toward distribution or resale,
except as provided in the Warrant.

ASSIGNOR:                                            ASSIGNEE:

By:                                     By:
   --------------------------------        -----------------------------------
    Name:                                  Name:
    Title:                                 Title:

    Address:                            Address:
             ----------------------              -----------------------------
             ----------------------              -----------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]