Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - EYI Industries, Inc. - Exhibit 10.28

ESCROW AGREEMENT

                THIS
  ESCROW AGREEMENT (this "Agreement") is made and entered into as of
  June 22, 2004 by EYI INDUSTRIES, INC., a Nevada corporation (the "Company");
  CORNELL CAPITAL PARTNERS, LP, a Delaware limited partnership (the "Investor");
  and BUTLER GONZALEZ LLP (the "Escrow Agent"). 

 BACKGROUND

                THIS
  ESCROW AGREEMENT (this "Agreement") is made and entered into as of
  June 22, 2004 by EYI INDUSTRIES, INC., a Nevada corporation (the "Company");
  CORNELL WHEREAS, the Company and the Investor have entered into
  an Standby Equity Distribution Agreement (the "Standby Equity Distribution
  Agreement") dated as of the date hereof, pursuant to which the Investor
  will purchase the Company's Common Stock, par value US$0.001 per share (the
  "Common Stock"), at a price per share equal to the Purchase Price, as
  that term is defined in the Standby Equity Distribution Agreement, for an aggregate
  price of up to Ten Million U.S. Dollars ($10,000,000). The Standby Equity Distribution
  Agreement provides that on each Advance Date the Investor, as that term is defined
  in the Standby Equity Distribution Agreement, shall deposit the Advance pursuant
  to the Advance Notice in a segregated escrow account to be held by Escrow Agent
  and the Company shall deposit shares of the Company's Common Stock, which shall
  be purchased by the Investor as set forth in the Standby Equity Distribution
  Agreement, with the Escrow Agent, in order to effectuate a disbursement to the
  Company of the Advance by the Escrow Agent and a disbursement to the Investor
  of the shares of the Company's Common Stock by Escrow Agent at a closing to
  be held as set forth in the Standby Equity Distribution Agreement (the "Closing").

                THIS
  ESCROW AGREEMENT (this "Agreement") is made and entered into as of
  June 22, 2004 by EYI INDUSTRIES, INC., a Nevada corporation (the "Company");
  CORNELL WHEREAS, Escrow Agent has agreed to accept, hold, and
  disburse the funds and the shares of the Company's Common Stock deposited with
  it in accordance with the terms of this Agreement. 

                THIS
  ESCROW AGREEMENT (this "Agreement") is made and entered into as of
  June 22, 2004 by EYI INDUSTRIES, INC., a Nevada corporation (the "Company");
  CORNELL WHEREAS, in order to establish the escrow of funds and
  shares to effect the provisions of the Standby Equity Distribution Agreement,
  the parties hereto have entered into this Agreement. 

                NOW
  THEREFORE, in consideration of the foregoing, it is hereby agreed as follows:

                              1.               
  Definitions. The following terms shall have the following meanings when
  used herein: 

                              a.               
  "Escrow Funds" shall mean the Advance funds deposited with the EscrowAgent
  pursuant to this Agreement. 

                               b.               
  "Joint Written Direction" shall mean a written direction
  executed by the Investor and the Company directing Escrow Agent to disburse
  all or a portion of the Escrow Funds or to take or refrain from taking any action
  pursuant to this Agreement. 

                               c.               
  "Common Stock Joint Written Direction" shall mean a written direction
  executed by the Investor and the Company directing Investor's Counsel to disburse
  all or a portion of the shares of the Company's Common Stock or to refrain from
  taking any action pursuant to this Agreement. 

                               2.               
  Appointment of and Acceptance by Escrow Agent.

                               a.               
  The Investor and the Company hereby appoint Escrow Agent to serve as Escrow
  Agent hereunder. Escrow Agent hereby accepts such appointment and, upon receipt
  by wire transfer of the Escrow Funds in accordance with Section 3 below, agrees
  to hold, invest and disburse the Escrow Funds in accordance with this Agreement.

                               b.               
  The Investor and the Company hereby appoint the Escrow Agent to serve as the
  holder of the shares of the Company's Common Stock which shall be purchased
  by the Investor. The Escrow Agent hereby accepts such appointment and, upon
  receipt via D.W.A.C or the certificates representing of the shares of the Company's
  Common Stock in accordance with Section 3 below, agrees to hold and disburse
  the shares of the Company's Common Stock in accordance with this Agreement.

                               c.               
  The Company hereby acknowledges that the Escrow Agent is counsel to the Investor
  in connection with the transactions contemplated and referenced herein. The
  Company agrees that in the event of any dispute arising in connection with this
  Escrow Agreement or otherwise in connection with any transaction or agreement
  contemplated and referenced herein, the Escrow Agent shall be permitted to continue
  to represent the Investor and the Company will not seek to disqualify such counsel.

                               3.               
  Creation of Escrow Account/Common Stock Account.

                               a.               
  On or prior to the date of this Agreement the Escrow Agent shall establish an
  escrow account for the deposit of the Escrow Funds entitled as follows: EYI
  Industries, Inc./Cornell Capital Partners, LP. The Investor will wire funds
  to the account of the Escrow Agent as follows: 

	 Bank:  	 Wachovia, N.A. of New Jersey  
	 	 
	 Routing #:  	 031201467  
	 	 
	 Account #:  	 2020000659170  
	 	 
	 Name on Account:  	 Butler Gonzalez LLP as Escrow Agent  
	 	 
	 Name on Sub-Account:  	 EYI Industries, Inc./Cornell Capital Partners, LP  
	  	 Escrow account  

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                               b.               
  On or prior to the date of this Agreement the Escrow Agent shall establish an
  account for the D.W.A.C. of the shares of Common Stock. The Company will D.W.A.C.
  shares of the Company's Common Stock to the account of the Escrow Agent as follows:

	 Brokerage Firm:  	 Crown Financial Group  
	 	 
	 Clearing House:  	 Fiserv  
	 	 
	 Account #:  	 56797702  
	 	 
	 DTC #:  	 0632  
	 	 
	 Name on Account:  	 Butler Gonzalez LLP Escrow Account  

                               4.               
  Deposits into the Escrow Account. The Investor agrees that it shall promptly
  deliver all monies for the payment of the Common Stock to the Escrow Agent for
  deposit in the Escrow Account. 

                               5.               
  Disbursements from the Escrow Account. 

                               a.               
  At such time as Escrow Agent has collected and deposited instruments of payment
  in the total amount of the Advance and has received such Common Stock via D.W.A.C
  from the Company which are to be issued to the Investor pursuant to the Standby
  Equity Distribution Agreement, the Escrow Agent shall notify the Company and
  the Investor. The Escrow Agent will continue to hold such funds until the Investor
  and Company execute and deliver a Joint Written Direction directing the Escrow
  Agent to disburse the Escrow Funds pursuant to Joint Written Direction at which
  time the Escrow Agent shall wire the Escrow Funds to the Company. In disbursing
  such funds, Escrow Agent is authorized to rely upon such Joint Written Direction
  from Company and may accept any signatory from the Company listed on the signature
  page to this Agreement and any signature from the Investor that Escrow Agent
  already has on file. Simultaneous with delivery of the executed Joint Written
  Direction to the Escrow Agent the Investor and Company shall execute and deliver
  a Common Stock Joint Written Direction to the Escrow Agent directing the Escrow
  Agent to release via D.W.A.C to the Investor the shares of the Company's Common
  Stock. In releasing such shares of Common Stock the Escrow Agent is authorized
  to rely upon such Common Stock Joint Written Direction from Company and may
  accept any signatory from the Company listed on the signature page to this Agreement
  and any signature from the Escrow Agent has on file.

                               In
  the event the Escrow Agent does not receive the amount of the Advance from the
  Investor or the shares of Common Stock to be purchased by the Investor from
  the Company, the Escrow Agent shall notify the Company and the Investor.

                               In
  the event that the Escrow Agent has not received the Common Stock to be purchased
  by the Investor from the Company, in no event will the Escrow Funds be released
  to the Company until such shares are received by the Escrow Agreement. For purposes
  of this Agreement, the term "Common Stock certificates" shall mean Common Stock
  certificates to be purchased pursuant to the respective Advance Notice pursuant
  to the Standby Equity Distribution Agreement. 

                               6.               
  Deposit of Funds. The Escrow Agent is hereby authorized to deposit the
  wire transfer proceeds in the Escrow Account. 

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                               7.               
  Suspension of Performance: Disbursement Into Court.

                               a.               
  Escrow Agent. If at any time, there shall exist any dispute between the
  Company and the Investor with respect to holding or disposition of any portion
  of the Escrow Funds or the Common Stock or any other obligations of Escrow Agent
  hereunder, or if at any time Escrow Agent is unable to determine, to Escrow
  Agent's sole satisfaction, the proper disposition of any portion of the Escrow
  Funds or Escrow Agent's proper actions with respect to its obligations hereunder,
  or if the parties have not within thirty (30) days of the furnishing by Escrow
  Agent of a notice of resignation pursuant to Section 9 hereof, appointed a successor
  Escrow Agent to act hereunder, then Escrow Agent may, in its sole discretion,
  take either or both of the following actions: 

                                                   i.               
  Suspend the performance of any of its obligations (including without limitation
  any disbursement obligations) under this Escrow Agreement until such dispute
  or uncertainty shall be resolved to the sole satisfaction of Escrow Agent or
  until a successor Escrow Agent shall be appointed (as the case may be); provided
  however, Escrow Agent shall continue to invest the Escrow Funds in accordance
  with Section 8 hereof; and/or 

                                                   ii.               Petition
  (by means of an interpleader action or any other appropriate method) any court
  of competent jurisdiction in any venue convenient to Escrow Agent, for instructions
  with respect to such dispute or uncertainty, and to the extent required by law,
  pay into such court, for holding and disposition in accordance with the instructions
  of such court, all funds held by it in the Escrow Funds, after deduction and
  payment to Escrow Agent of all fees and expenses (including court costs and
  attorneys' fees) payable to, incurred by, or expected to be incurred by Escrow
  Agent in connection with performance of its duties and the exercise of its rights
  hereunder. 

                                                   iii.               
  Escrow Agent shall have no liability to the Company, the Investor, or any person
  with respect to any such suspension of performance or disbursement into court,
  specifically including any liability or claimed liability that may arise, or
  be alleged to have arisen, out of or as a result of any delay in the disbursement
  of funds held in the Escrow Funds or any delay in with respect to any other
  action required or requested of Escrow Agent. 

                               8.               
  Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow
  Funds in a non-interest bearing money market account.

                               If
  Escrow Agent has not received a Joint Written Direction at any time that an
  investment decision must be made, Escrow Agent may retain the Escrow Fund, or
  such portion thereof, as to which no Joint Written Direction has been received,
  in a non-interest bearing money market account.

                               9.               
  Resignation and Removal of Escrow Agent. Escrow Agent may resign from
  the performance of its duties hereunder at any time by giving thirty (30) days'
  prior written notice to the parties or may be removed, with or without cause,
  by the parties, acting jointly, by furnishing a Joint Written Direction to Escrow
  Agent, at any time by the giving of ten (10) days' prior written notice to Escrow
  Agent as provided herein below. Upon any such notice of resignation or removal,
  the representatives of the Investor and the Company identified in Sections 13a.(iv)

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 and 13b.(iv), below, jointly shall appoint a successor Escrow
  Agent hereunder, which shall be a commercial bank, trust company or other financial
  institution with a combined capital and surplus in excess of US$10,000,000.00.
  Upon the acceptance in writing of any appointment of Escrow Agent hereunder
  by a successor Escrow Agent, such successor Escrow Agent shall thereupon succeed
  to and become vested with all the rights, powers, privileges and duties of the
  retiring Escrow Agent, and the retiring Escrow Agent shall be discharged from
  its duties and obligations under this Escrow Agreement, but shall not be discharged
  from any liability for actions taken as Escrow Agent hereunder prior to such
  succession. After any retiring Escrow Agent's resignation or removal, the provisions
  of this Escrow Agreement shall inure to its benefit as to any actions taken
  or omitted to be taken by it while it was Escrow Agent under this Escrow Agreement.
  The retiring Escrow Agent shall transmit all records pertaining to the Escrow
  Funds and shall pay all funds held by it in the Escrow Funds to the successor
  Escrow Agent, after making copies of such records as the retiring Escrow Agent
  deems advisable and after deduction and payment to the retiring Escrow Agent
  of all fees and expenses (including court costs and attorneys' fees) payable
  to, incurred by, or expected to be incurred by the retiring Escrow Agent in
  connection with the performance of its duties and the exercise of its rights
  hereunder. 

                               10.               Liability
  of Escrow Agent. 

                               a.               
  Escrow Agent shall have no liability or obligation with respect to the Escrow
  Funds except for Escrow Agent's willful misconduct or gross negligence. Escrow
  Agent's sole responsibility shall be for the safekeeping, investment, and disbursement
  of the Escrow Funds in accordance with the terms of this Agreement. Escrow Agent
  shall have no implied duties or obligations and shall not be charged with knowledge
  or notice or any fact or circumstance not specifically set forth herein. Escrow
  Agent may rely upon any instrument, not only as to its due execution, validity
  and effectiveness, but also as to the truth and accuracy of any information
  contained therein, which Escrow Agent shall in good faith believe to be genuine,
  to have been signed or presented by the person or parties purporting to sign
  the same and conform to the provisions of this Agreement. In no event shall
  Escrow Agent be liable for incidental, indirect, special, and consequential
  or punitive damages. Escrow Agent shall not be obligated to take any legal action
  or commence any proceeding in connection with the Escrow Funds, any account
  in which Escrow Funds are deposited, this Agreement or the Standby Equity Distribution
  Agreement, or to appear in, prosecute or defend any such legal action or proceeding.
  Escrow Agent may consult legal counsel selected by it in the event of any dispute
  or question as to construction of any of the provisions hereof or of any other
  agreement or its duties hereunder, or relating to any dispute involving any
  party hereto, and shall incur no liability and shall be fully indemnified from
  any liability whatsoever in acting in accordance with the opinion or instructions
  of such counsel. The Company and the Investor jointly and severally shall promptly
  pay, upon demand, the reasonable fees and expenses of any such counsel and Escrow
  Agent is hereby authorized to pay such fees and expenses from funds held in
  escrow. 

                               b.               
  The Escrow Agent is hereby authorized, in its sole discretion, to comply with
  orders issued or process entered by any court with respect to the Escrow Funds,
  without determination by the Escrow Agent of such court's jurisdiction in the
  matter. If any portion of the Escrow Funds is at any time attached, garnished
  or levied upon under any court order, or in case the payment, assignment, transfer,
  conveyance or delivery of any such property shall be

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 stayed or enjoined by any court order, or in any case any
  order judgment or decree shall be made or entered by any court affecting such
  property or any part thereof, then and in any such event, the Escrow Agent is
  authorized, in its sole discretion, to rely upon and comply with any such order,
  writ judgment or decree which it is advised by legal counsel selected by it,
  binding upon it, without the need for appeal or other action; and if the Escrow
  Agent complies with any such order, writ, judgment or decree, it shall not be
  liable to any of the parties hereto or to any other person or entity by reason
  of such compliance even though such order, writ judgment or decree may be subsequently
  reversed, modified, annulled, set aside or vacated.

                               11.               Indemnification
  of Escrow Agent. From and at all times after the date of this Agreement,
  the parties jointly and severally, shall, to the fullest extent permitted by
  law and to the extent provided herein, indemnify and hold harmless Escrow Agent
  and each director, officer, employee, attorney, agent and affiliate of Escrow
  Agent (collectively, the "Indemnified Parties") against any and all actions,
  claims (whether or not valid), losses, damages, liabilities, costs and expenses
  of any kind or nature whatsoever (including without limitation reasonable attorney's
  fees, costs and expenses) incurred by or asserted against any of the Indemnified
  Parties from and after the date hereof, whether direct, indirect or consequential,
  as a result of or arising from or in any way relating to any claim, demand,
  suit, action, or proceeding (including any inquiry or investigation) by any
  person, including without limitation the parties to this Agreement, whether
  threatened or initiated, asserting a claim for any legal or equitable remedy
  against any person under any statute or regulation, including, but not limited
  to, any federal or state securities laws, or under any common law or equitable
  cause or otherwise, arising from or in connection with the negotiation, preparation,
  execution, performance or failure of performance of this Agreement or any transaction
  contemplated herein, whether or not any such Indemnified Party is a party to
  any such action or proceeding, suit or the target of any such inquiry or investigation;
  provided, however, that no Indemnified Party shall have the right to be indemnified
  hereunder for liability finally determined by a court of competent jurisdiction,
  subject to no further appeal, to have resulted solely from the gross negligence
  or willful misconduct of such Indemnified Party. If any such action or claim
  shall be brought or asserted against any Indemnified Party, such Indemnified
  Party shall promptly notify the Company and the Investor hereunder in writing,
  and the and the Company shall assume the defense thereof, including the employment
  of counsel and the payment of all expenses. Such Indemnified Party shall, in
  its sole discretion, have the right to employ separate counsel (who may be selected
  by such Indemnified Party in its sole discretion) in any such action and to
  participate and to participate in the defense thereof, and the fees and expenses
  of such counsel shall be paid by such Indemnified Party, except that the Investor
  and/or the Company shall be required to pay such fees and expense if (a) the
  Investor or the Company agree to pay such fees and expenses, or (b) the Investor
  and/or the Company shall fail to assume the defense of such action or proceeding
  or shall fail, in the sole discretion of such Indemnified Party, to employ counsel
  reasonably satisfactory to the Indemnified Party in any such action or proceeding,
  (c) the Investor and the Company are the plaintiff in any such action or proceeding
  or (d) the named or potential parties to any such action or proceeding (including
  any potentially impleaded parties) include both Indemnified Party the Company
  and/or the Investor and Indemnified Party shall have been advised by counsel
  that there may be one or more legal defenses available to it which are different
  from or additional to those available to the Company or the Investor. The Investor
  and the Company shall be jointly and severally liable to pay fees and expenses
  of counsel pursuant to the preceding sentence, except that any obligation to
  pay under clause (a) shall apply only to the

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 party so agreeing. All such fees and expenses payable by the
  Company and/or the Investor pursuant to the foregoing sentence shall be paid
  from time to time as incurred, both in advance of and after the final disposition
  of such action or claim. The obligations of the parties under this section shall
  survive any termination of this Agreement, and resignation or removal of the
  Escrow Agent shall be independent of any obligation of Escrow Agent. 

                               12.               Expenses
  of Escrow Agent. Except as set forth in Section 11 the Company shall reimburse
  Escrow Agent for all of its reasonable out-of-pocket expenses, including attorneys'
  fees, travel expenses, telephone and facsimile transmission costs, postage (including
  express mail and overnight delivery charges), copying charges and the like as
  outlined in Section 12.4 of the Standby Equity Distribution Agreement dated
  the date hereof. All of the compensation and reimbursement obligations set forth
  in this Section shall be payable by the Company, upon demand by Escrow Agent.
  The obligations of the Company under this Section shall survive any termination
  of this Agreement and the resignation or removal of Escrow Agent. 

                               13.               Warranties.

                               a.               
  The Investor makes the following representations and warranties to Butler Gonzalez
  LLP as the Escrow Agent and Investor's Counsel: 

                                                   i.               
  The Investor has full power and authority to execute and deliver this Agreement
  and to perform its obligations hereunder. 

                                                   ii.               
  This Agreement has been duly approved by all necessary action of the Investor,
  including any necessary approval of the limited partner of the Investor, has
  been executed by duly authorized officers of the Investor's general partner,
  enforceable in accordance with its terms. 

                                                   iii.              
  The execution, delivery, and performance of the Investor of this Agreement will
  not violate, conflict with, or cause a default under the agreement of limited
  partnership of the Investor, any applicable law or regulation, any court order
  or administrative ruling or degree to which the Investor is a party or any of
  its property is subject, or any agreement, contract, indenture, or other binding
  arrangement. 

                                                   iv.               
  Mark A. Angelo has been duly appointed to act as the representative of Investor
  hereunder and has full power and authority to execute, deliver, and perform
  this Agreement, to execute and deliver any Joint Written Direction, to amend,
  modify, or waive any provision of this Agreement, and to take any and all other
  actions as the Investor's representative under this Agreement, all without further
  consent or direction form, or notice to, the Investor or any other party. 

                                                   v.               
  No party other than the parties hereto have, or shall have, any lien, claim
  or security interest in the Escrow Funds or any part thereof. No financing statement
  under the Uniform Commercial Code is on file in any jurisdiction claiming a
  security interest in or describing (whether specifically or generally) the Escrow
  Funds or any part thereof. 

 7

                                                   vi.               
  All of the representations and warranties of the Investor contained herein are
  true and complete as of the date hereof and will be true and complete at the
  time of any disbursement from the Escrow Funds. 

                               b.               
  The Company makes the following representations and warranties to Escrow Agent
  and the Investor: 

                                                   i.               
  The Company is a corporation duly organized, validly existing, and in
  good standing under the laws of the State of Nevada, and has full power and
  authority to execute and deliver this Agreement and to perform its obligations
  hereunder. 

                                                   ii.               
  This Agreement has been duly approved by all necessary corporate action of the
  Company, including any necessary shareholder approval, has been executed by
  duly authorized officers of the Company, enforceable in accordance with its
  terms. 

                                                   iii.               
  The execution, delivery, and performance by the Company of this Escrow Agreement
  is in accordance with the Standby Equity Distribution Agreement and will not
  violate, conflict with, or cause a default under the articles of incorporation
  or bylaws of the Company, any applicable law or regulation, any court order
  or administrative ruling or decree to which the Company is a party or any of
  its property is subject, or any agreement, contract, indenture, or other binding
  arrangement. 

                                                   iv.               
  Jay Sargeant has been duly appointed to act as the representative of the Company
  hereunder and has full power and authority to execute, deliver, and perform
  this Agreement, to execute and deliver any Joint Written Direction, to amend,
  modify or waive any provision of this Agreement and to take all other actions
  as the Company's Representative under this Agreement, all without further consent
  or direction from, or notice to, the Company or any other party. 

                                                   v.               
  No party other than the parties hereto shall have, any lien, claim or security
  interest in the Escrow Funds or any part thereof. No financing statement under
  the Uniform Commercial Code is on file in any jurisdiction claiming a security
  interest in or describing (whether specifically or generally) the Escrow Funds
  or any part thereof. 

                                                   vi.               
  All of the representations and warranties of the Company contained herein are
  true and complete as of the date hereof and will be true and complete at the
  time of any disbursement from the Escrow Funds. 

                               14.              
  Consent to Jurisdiction and Venue. In the event that any party hereto
  commences a lawsuit or other proceeding relating to or arising from this Agreement,
  the parties hereto agree that the United States District Court for the District
  of New Jersey shall have the sole and exclusive jurisdiction over any such proceeding.
  If all such courts lack federal subject matter jurisdiction, the parties agree
  that the Superior Court Division of New Jersey, Chancery Division of Hudson
  County shall have sole and exclusive jurisdiction. Any of these courts shall
  be proper venue for any such lawsuit or judicial proceeding and the parties
  hereto waive any objection to such venue. The parties hereto consent to and
  agree to submit to the jurisdiction of any of the courts specified herein and
  agree to accept the service of process to vest personal jurisdiction over them
  in any of these courts. 

 8

                               15.              
  Notice. All notices and other communications hereunder shall be in writing
  and shall be deemed to have been validly served, given or delivered five (5)
  days after deposit in the United States mail, by certified mail with return
  receipt requested and postage prepaid, when delivered personally, one (1) day
  delivery to any overnight courier, or when transmitted by facsimile transmission
  and addressed to the party to be notified as follows: 

	 If to Investor, to:  	 Cornell Capital Partners, LP  
	  	 101 Hudson Street – Suite 3700  
	  	 Jersey City, New Jersey 07302  
	  	 Attention:  	 Mark Angelo  
	  	 Facsimile:  	 (201) 985-8266  
	  	 	 
	 If to Escrow Agent, to:  	 Butler Gonzalez LLP  
	  	 1416 Morris Avenue – Suite 207  
	  	 Union, New Jersey 07083  
	  	 Attention:  	 David Gonzalez, Esq.  
	  	 Facsimile:  	 (908) 810-0973  
	  	 	 
	 If to Company, to:  	 EYI Industries, Inc.  
	  	 3960 Howard Hughes Parkway - Suite 500  
	  	 Las Vegas, Nevada 89109  
	  	 Attention:  	 Jay Sargeant, President  
	  	 Telephone:  	 (702) 296-8034  
	  	 Facsimile:  	 (604) 502-5144  
	  	 	 
	 With a copy to:  	 Kirkpatrick & Lockhart LLP  
	  	 201 South Biscayne Boulevard – Suite 2000 
    
	  	 Miami, FL  33131-2399  
	  	 Attention:  	 Clayton E. Parker, Esq.  
	  	 Telephone:  	 (305) 539-3300  
	  	 Facsimile:  	 (305) 358-7095  

 Or to such other address as each party may designate for itself
  by like notice.

                               16.              
  Amendments or Waiver. This Agreement may be changed, waived, discharged
  or terminated only by a writing signed by the parties of the Escrow Agent. No
  delay or omission by any party in exercising any right with respect hereto shall
  operate as waiver. A waiver on any one occasion shall not be construed as a
  bar to, or waiver of, any right or remedy on any future occasion. 

                               17.               Severability.
  To the extent any provision of this Agreement is prohibited by or invalid under
  applicable law, such provision shall be ineffective to the extent of such prohibition,
  or invalidity, without invalidating the remainder of such provision or the remaining
  provisions of this Agreement. 

 9

                               18.               Governing
  Law. This Agreement shall be construed and interpreted in accordance with
  the internal laws of the State of Nevada without giving effect to the conflict
  of laws principles thereof. 

                               19.               Entire
  Agreement. This Agreement constitutes the entire Agreement between the parties
  relating to the holding, investment, and disbursement of the Escrow Funds and
  sets forth in their entirety the obligations and duties of the Escrow Agent
  with respect to the Escrow Funds.

                               20.               Binding
  Effect. All of the terms of this Agreement, as amended from time to time,
  shall be binding upon, inure to the benefit of and be enforceable by the respective
  heirs, successors and assigns of the Investor, the Company, or the Escrow Agent.

                               21.               Execution
  of Counterparts. This Agreement and any Joint Written Direction may be executed
  in counter parts, which when so executed shall constitute one and same agreement
  or direction. 

                               22.               Termination.
  Upon the first to occur of the termination of the Standby Equity Distribution
  Agreement dated the date hereof or the disbursement of all amounts in the Escrow
  Funds and Common Stock into court pursuant to Section 7 hereof, this Agreement
  shall terminate and Escrow Agent shall have no further obligation or liability
  whatsoever with respect to this Agreement or the Escrow Funds or Common Stock.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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                IN
  WITNESS WHEREOF the parties have hereunto set their hands and seals the
  day and year above set forth. 

	  	EYI INDUSTRIES, INC.  
	  	 	 
	 	 By:  	 "Jay Sargeant"  
	 	 Name: 	Jay Sargeant  
	 	 Title:  	 President  
	 	 	 
	 	 	 
	 	CORNELL CAPITAL PARTNERS, LP  
	 	 	 
	 	 By:  	 Yorkville Advisors, LLC  
	 	 Its:  	 General Partner  
	 	  	 
	 	 By:  	 "Mark A. Angelo"  
	 	 Name: 	Mark A. Angelo  
	 	 Title:  	 Portfolio Manager  
	 	 	 
	 	 	 
	 	BUTLER GONZALEZ LLP  
	 	 	 
	 	 By:  	 "David Gonzalez"  
	 	 Name: 	David Gonzalez, Esq.  
	 	 Title:  	 Partner  

 11Filed by Automated Filing Services Inc. (604) 609-0244 - EYI Industries, Inc. - Exhibit 10.29

 EYI INDUSTRIES INC. 

  PLACEMENT AGENT AGREEMENT

Dated as of: June 22, 2004

Newbridge Securities Corporation 

  1451 Cypress Creek Road, Suite 204

  Fort Lauderdale, Florida 33309 

Ladies and Gentlemen:

                The
  undersigned, EYI Industries, Inc., a Nevada corporation (the "Company"),
  hereby agrees with Newbridge Securities Corporation (the "Placement Agent")
  and Cornell Capital Partners, LP, a Delaware Limited Partnership (the "Investor"),
  as follows: 

                1.               
  Offering. The Company hereby engages the Placement Agent to act as its
  exclusive placement agent in connection with the Standby Equity Distribution
  Agreement dated the date hereof (the "Standby Equity Distribution Agreement"),
  pursuant to which the Company shall issue and sell to the Investor, from time
  to time, and the Investor shall purchase from the Company (the "Offering")
  up to Ten Million U.S. Dollars ($10,000,000) of the Company's common stock (the
  "Commitment Amount"), par value US$0.001 per share (the "Common Stock"),
  at price per share equal to the Purchase Price, as that term is defined in the
  Standby Equity Distribution Agreement. The Placement Agent services shall consist
  of reviewing the terms of the Standby Equity Distribution Agreement and advising
  the Company with respect to those terms. 

                All
  capitalized terms used herein and not otherwise defined herein shall have the
  same meaning ascribed to them as in the Standby Equity Distribution Agreement.
  The Investor will be granted certain registration rights with respect to the
  Common Stock as more fully set forth in the Registration Rights Agreement between
  the Company and the Investor dated the date hereof (the "Registration Rights
  Agreement"). The documents to be executed and delivered in connection with
  the Offering, including, but not limited, to the Company's latest Quarterly
  Report on Form 10-QSB as filed with the United States Securities and Exchange
  Commission, this Agreement, the Standby Equity Distribution Agreement, the Registration
  Rights Agreement, and the Escrow Agreement dated the date hereof (the "Escrow
  Agreement"), are referred to sometimes hereinafter collectively as the "Offering
  Materials." The Company's Common Stock purchased by the Investor hereunder
  or to be issued in connection with the conversion of any debentures are sometimes
  referred to hereinafter as the "Securities." The Placement Agent shall
  not be obligated to sell any Securities. 

                2.               
  Compensation. 

                                   A.
                 Upon
  the execution of this Agreement, the Company shall issue to the Placement Agent
  or its designee Thirty-Three Thousand Four Hundred and Eleven

 (33,411) shares of the Company's Common Stock (the "Placement
  Agent's Shares"). The Placement Agent shall be entitled to "piggy-back"
  registration rights, which shall be triggered upon registration of any shares
  of Common Stock by the Investor with respect to the Placement Agent's Shares
  pursuant to the Registration Rights Agreement dated the date hereof.

                3.               
  Representations, Warranties and Covenants of the Placement Agent. 

                                   A.
                 The
  Placement Agent represents, warrants and covenants as follows: 

                                                        (i)               
  The Placement Agent has the necessary power to enter into this Agreement and
  to consummate the transactions contemplated hereby. 

                                                        (ii)              
  The execution and delivery by the Placement Agent of this Agreement and the
  consummation of the transactions contemplated herein will not result in any
  violation of, or be in conflict with, or constitute a default under, any agreement
  or instrument to which the Placement Agent is a party or by which the Placement
  Agent or its properties are bound, or any judgment, decree, order or, to the
  Placement Agent's knowledge, any statute, rule or regulation applicable to the
  Placement Agent. This Agreement when executed and delivered by the Placement
  Agent, will constitute the legal, valid and binding obligations of the Placement
  Agent, enforceable in accordance with their respective terms, except to the
  extent that (a) the enforceability hereof or thereof may be limited by bankruptcy,
  insolvency, reorganization, moratorium or similar laws from time to time in
  effect and affecting the rights of creditors generally, (b) the enforceability
  hereof or thereof is subject to general principles of equity, or (c) the indemnification
  provisions hereof or thereof may be held to be in violation of public policy.

                                                        (iii)             
  Upon receipt and execution of this Agreement, the Placement Agent will promptly
  forward copies of this Agreement to the Company or its counsel and the Investor
  or its counsel. 

                                                        (iv)              
  The Placement Agent will not intentionally take any action that it reasonably
  believes would cause the Offering to violate the provisions of the Securities
  Act of 1933, as amended (the "1933 Act"), the Securities Exchange Act
  of 1934 (the "1934 Act"), the respective rules and regulations promulgated
  thereunder (the "Rules and Regulations") or applicable "Blue Sky" laws
  of any state or jurisdiction. 

                                                        (v)               
  The Placement Agent is a member of the National Association of Securities Dealers,
  Inc., and is a broker-dealer registered as such under the 1934 Act and under
  the securities laws of the states in which the Securities will be offered or
  sold by the Placement Agent unless an exemption for such state registration
  is available to the Placement Agent. The Placement Agent is in material compliance
  with the rules and regulations applicable to the Placement Agent generally and
  applicable to the Placement Agent's participation in the Offering.

 2

                4.               
  Representations and Warranties of the Company. A. The Company represents
  and warrants as follows: 

                                                        (i)               
  The execution, delivery and performance of each of this Agreement, the Standby
  Equity Distribution Agreement, the Escrow Agreement, and the Registration Rights
  Agreement has been or will be duly and validly authorized by the Company and
  is, or with respect to this Agreement, the Standby Equity Distribution Agreement,
  the Escrow Agreement, and the Registration Rights Agreement, will be a valid
  and binding agreement of the Company, enforceable in accordance with its respective
  terms, except to the extent that (a) the enforceability hereof or thereof may
  be limited by bankruptcy, insolvency, reorganization, moratorium or similar
  laws from time to time in effect and affecting the rights of creditors generally,
  (b) the enforceability hereof or thereof is subject to general principles of
  equity or (c) the indemnification provisions hereof or thereof may be held to
  be in violation of public policy. The Securities to be issued pursuant to the
  transactions contemplated by this Agreement and the Standby Equity Distribution
  Agreement have been duly authorized and, when issued and paid for in accordance
  with this Agreement, the Standby Equity Distribution Agreement and the certificates/instruments
  representing such Securities, will be valid and binding obligations of the Company,
  enforceable in accordance with their respective terms, except to the extent
  that (1) the enforceability thereof may be limited by bankruptcy, insolvency,
  reorganization, moratorium or similar laws from time to time in effect and affecting
  the rights of creditors generally, and (2) the enforceability thereof is subject
  to general principles of equity. All corporate action required to be taken for
  the authorization, issuance and sale of the Securities has been duly and validly
  taken by the Company. 

                                                        (ii)              
  The Company has a duly authorized, issued and outstanding capitalization as
  set forth herein and in the Standby Equity Distribution Agreement. The Company
  is not a party to or bound by any instrument, agreement or other arrangement
  providing for it to issue any capital stock, rights, warrants, options or other
  securities, except for this Agreement, the agreements described herein and as
  described in the Standby Equity Distribution Agreement, dated the date hereof
  and the agreements described therein. All issued and outstanding securities
  of the Company, have been duly authorized and validly issued and are fully paid
  and non-assessable; the holders thereof have no rights of rescission or preemptive
  rights with respect thereto and are not subject to personal liability solely
  by reason of being security holders; and none of such securities were issued
  in violation of the preemptive rights of any holders of any security of the
  Company.

                                                        (iii)             
  The Common Stock to be issued in accordance with this Agreement and the Standby
  Equity Distribution Agreement has been duly authorized and, when issued and
  paid for in accordance with this Agreement and the Standby Equity Distribution
  Agreement, the certificates/instruments representing such Common Stock will
  be validly issued, fully-paid and non-assessable; the holders thereof will not
  be subject to personal liability solely by reason of being such holders; such
  Securities are not and will not be subject to the preemptive rights of any holder
  of any security of the Company. 

                                                        (iv)
                The
  Company has good and marketable title to, or valid and enforceable leasehold
  estates in, all items of real and personal property necessary to conduct its

 3

 business (including, without limitation, any real or personal
  property stated in the Offering Materials to be owned or leased by the Company),
  free and clear of all liens, encumbrances, claims, security interests and defects
  of any material nature whatsoever, other than those set forth in the Offering
  Materials and liens for taxes not yet due and payable. 

                                                        (v)
                 There
  is no litigation or governmental proceeding pending or, to the best of the Company's
  knowledge, threatened against, or involving the properties or business of the
  Company, except as set forth in the Offering Materials.

                                                        (vi)
                The
  Company has been duly organized and is validly existing as a corporation in
  good standing under the laws of the State of Nevada. Except as set forth in
  the Offering Materials, the Company does not own or control, directly or indirectly,
  an interest in any other corporation, partnership, trust, joint venture or other
  business entity. The Company is duly qualified or licensed and in good standing
  as a foreign corporation in each jurisdiction in which the character of its
  operations requires such qualification or licensing and where failure to so
  qualify would have a material adverse effect on the Company. The Company has
  all requisite corporate power and authority, and all material and necessary
  authorizations, approvals, orders, licenses, certificates and permits of and
  from all governmental regulatory officials and bodies (domestic and foreign)
  to conduct its businesses (and proposed business) as described in the Offering
  Materials. Any disclosures in the Offering Materials concerning the effects
  of foreign, federal, state and local regulation on the Company's businesses
  as currently conducted and as contemplated are correct in all material respects
  and do not omit to state a material fact. The Company has all corporate power
  and authority to enter into this Agreement, the Standby Equity Distribution
  Agreement, the Registration Rights Agreement, and the Escrow Agreement, to carry
  out the provisions and conditions hereof and thereof, and all consents, authorizations,
  approvals and orders required in connection herewith and therewith have been
  obtained. No consent, authorization or order of, and no filing with, any court,
  government agency or other body is required by the Company for the issuance
  of the Securities or execution and delivery of the Offering Materials except
  for applicable federal and state securities laws. The Company, since its inception,
  has not incurred any liability arising under or as a result of the application
  of any of the provisions of the 1933 Act, the 1934 Act or the Rules and Regulations.

                                                        (vii)
               There
  has been no material adverse change in the condition or prospects of the Company,
  financial or otherwise, from the latest dates as of which such condition or
  prospects, respectively, are set forth in the Offering Materials, and the outstanding
  debt, the property and the business of the Company conform in all material respects
  to the descriptions thereof contained in the Offering Materials. 

                                                        (viii)            
  Except as set forth in the Offering Materials, the Company is not in breach
  of, or in default under, any term or provision of any material indenture, mortgage,
  deed of trust, lease, note, loan or Standby Equity Distribution Agreement or
  any other material agreement or instrument evidencing an obligation for borrowed
  money, or any other material agreement or instrument to which it is a party
  or by which it or any of its properties may be bound or affected. The Company
  is not in violation of any provision of its charter or by-laws or in violation
  of any franchise, license, permit, judgment, decree or order, or in violation
  of any material statute, rule or regulation. Neither the execution and delivery
  of the Offering Materials nor the issuance and sale or delivery of the Securities,
  nor the consummation of any of the

 4

 transactions contemplated in the Offering Materials nor the
  compliance by the Company with the terms and provisions hereof or thereof, has
  conflicted with or will conflict with, or has resulted in or will result in
  a breach of, any of the terms and provisions of, or has constituted or will
  constitute a default under, or has resulted in or will result in the creation
  or imposition of any lien, charge or encumbrance upon any property or assets
  of the Company or pursuant to the terms of any indenture, mortgage, deed of
  trust, note, loan or any other agreement or instrument evidencing an obligation
  for borrowed money, or any other agreement or instrument to which the Company
  may be bound or to which any of the property or assets of the Company is subject
  except (a) where such default, lien, charge or encumbrance would not have a
  material adverse effect on the Company and (b) as described in the Offering
  Materials; nor will such action result in any violation of the provisions of
  the charter or the by-laws of the Company or, assuming the due performance by
  the Placement Agent of its obligations hereunder, any material statute or any
  material order, rule or regulation applicable to the Company of any court or
  of any foreign, federal, state or other regulatory authority or other government
  body having jurisdiction over the Company. 

                                                        (ix)              
  Subsequent to the dates as of which information is given in the Offering Materials,
  and except as may otherwise be indicated or contemplated herein or therein and
  the securities offered pursuant to the Securities Purchase Agreement dated the
  date hereof, the Company has not (a) issued any securities or incurred any liability
  or obligation, direct or contingent, for borrowed money, or (b) entered into
  any transaction other than in the ordinary course of business, or (c) declared
  or paid any dividend or made any other distribution on or in respect of its
  capital stock. Except as described in the Offering Materials, the Company has
  no outstanding obligations to any officer or director of the Company. 

                                                        (x)               
  There are no claims for services in the nature of a finder's or origination
  fee with respect to the sale of the Common Stock or any other arrangements,
  agreements or understandings that may affect the Placement Agent's compensation,
  as determined by the National Association of Securities Dealers, Inc. 

                                                        (xi)              
  The Company owns or possesses, free and clear of all liens or encumbrances and
  rights thereto or therein by third parties, the requisite licenses or other
  rights to use all trademarks, service marks, copyrights, service names, trade
  names, patents, patent applications and licenses necessary to conduct its business
  (including, without limitation, any such licenses or rights described in the
  Offering Materials as being owned or possessed by the Company) and, except as
  set forth in the Offering Materials, there is no claim or action by any person
  pertaining to, or proceeding, pending or threatened, which challenges the exclusive
  rights of the Company with respect to any trademarks, service marks, copyrights,
  service names, trade names, patents, patent applications and licenses used in
  the conduct of the Company's businesses (including, without limitation, any
  such licenses or rights described in the Offering Materials as being owned or
  possessed by the Company) except any claim or action that would not have a material
  adverse effect on the Company; the Company's current products, services or processes
  do not infringe or will not infringe on the patents currently held by any third
  party. 

                                                        (xii)             
  Except as described in the Offering Materials, the Company is not under any
  obligation to pay royalties or fees of any kind whatsoever to any third party
  with respect to any trademarks, service marks, copyrights, service names, trade
  names, patents, patent

5

 applications, licenses or technology it has developed, uses,
  employs or intends to use or employ, other than to their respective licensors.

                                                        (xiii)
              Subject
  to the performance by the Placement Agent of its obligations hereunder the offer
  and sale of the Securities complies, and will continue to comply, in all material
  respects with the requirements of Rule 506 of Regulation D promulgated by the
  SEC pursuant to the 1933 Act and any other applicable federal and state laws,
  rules, regulations and executive orders. Neither the Offering Materials nor
  any amendment or supplement thereto nor any documents prepared by the Company
  in connection with the Offering will contain any untrue statement of a material
  fact or omit to state any material fact required to be stated therein or necessary
  to make the statements therein, in light of the circumstances under which they
  were made, not misleading. All statements of material facts in the Offering
  Materials are true and correct as of the date of the Offering Materials. 

                                                        (xiv)
              All
  material taxes which are due and payable from the Company have been paid in
  full or adequate provision has been made for such taxes on the books of the
  Company, except for those taxes disputed in good faith by the Company

                                                        (xv)              
  None of the Company nor any of its officers, directors, employees or agents,
  nor any other person acting on behalf of the Company, has, directly or indirectly,
  given or agreed to give any money, gift or similar benefit (other than legal
  price concessions to customers in the ordinary course of business) to any customer,
  supplier, employee or agent of a customer or supplier, or official or employee
  of any governmental agency or instrumentality of any government (domestic or
  foreign) or any political party or candidate for office (domestic or foreign)
  or other person who is or may be in a position to help or hinder the business
  of the Company (or assist it in connection with any actual or proposed transaction)
  which (A) might subject the Company to any damage or penalty in any civil, criminal
  or governmental litigation or proceeding, or (B) if not given in the past, might
  have had a materially adverse effect on the assets, business or operations of
  the Company as reflected in any of the financial statements contained in the
  Offering Materials, or (C) if not continued in the future, might adversely affect
  the assets, business, operations or prospects of the Company in the future.

                5.               Representations,
  Warranties and Covenants of the Investor. 

                                  A.
  The Investor represents, warrants and covenants as follows: 

                                                        (i)
                 The
  Investor has the necessary power to enter into this Agreement and to consummate
  the transactions contemplated hereby. 

                                                        (ii)              
  The execution and delivery by the Investor of this Agreement and the consummation
  of the transactions contemplated herein will not result in any violation of,
  or be in conflict with, or constitute a default under, any agreement or instrument
  to which the Investor is a party or by which the Investor or its properties
  are bound, or any judgment, decree, order or, to the Investor's knowledge, any
  statute, rule or regulation applicable to the Investor This Agreement when executed
  and delivered by the Investor, will constitute the legal, valid and binding
  obligations of the Investor, enforceable in accordance with their respective
  terms, except to the extent that (a) the enforceability hereof or thereof may
  be limited by bankruptcy,

6

 insolvency, reorganization, moratorium or similar laws from
  time to time in effect and affecting the rights of creditors generally, (b)
  the enforceability hereof or thereof is subject to general principles of equity,
  or (c) the indemnification provisions hereof or thereof may be held to be in
  violation of public policy. 

                                                        (iii)             
  The Investor will promptly forward copies of any and all due diligence questionnaires
  compiled by the Investor to the Placement Agent. 

                                                        (iv)
                The
  Investor is an Accredited Investor (as defined under the 1933 Act). 

                                                        (v)               
  The Investor is acquiring the Securities for the Inventor's own account as principal,
  not as a nominee or agent, for investment purposes only. Further, the Investor
  does not have any contract, undertaking, agreement or arrangement with any person
  to sell, transfer or grant participations to such person or to any third person,
  with respect to any of the Securities. 

                                                        (vi)              
  The Investor acknowledges the Investor's understanding that the offering and
  sale of the Securities is intended to be exempt from registration under the
  1933 Act by virtue of Section 3(b) of the 1933 Act and the provisions of Regulation
  D promulgated thereunder ("Regulation D"). In furtherance thereof, the
  Investor represents and warrants as follows: 

                                                                              (a)
                 The
  Investor has the financial ability to bear the economic risk of the Investor's
  investment, has adequate means for providing for the Inventor's current needs
  and personal contingencies and has no need for liquidity with respect to the
  Investor's investment in the Company; and 

                                                                              (b)
                 The
  Investor has such knowledge and experience in financial and business matters
  as to be capable of evaluating the merits and risks of the prospective investment.
  The Inventor also represents it has not been organized for the purpose of acquiring
  the Securities. 

                                                        (vii)             
  The Investor has been given the opportunity for a reasonable time prior to the
  date hereof to ask questions of, and receive answers from, the Company or its
  representatives concerning the terms and conditions of the Offering, and other
  matters pertaining to this investment, and has been given the opportunity for
  a reasonable time prior to the date hereof to obtain such additional information
  in connection with the Company in order for the Investor to evaluate the merits
  and risks of purchase of the Securities, to the extent the Company possesses
  such information or can acquire it without unreasonable effort or expense. The
  Investor is not relying on the Placement Agent or any of its affiliates with
  respect to the accuracy or completeness of the Offering Materials or for any
  economic considerations involved in this investment. 

                6.               
  Certain Covenants and Agreements of the Company. 

                The
  Company covenants and agrees at its expense and without any expense to the Placement
  Agent as follows: 

 7

                                   A.
                 To
  advise the Placement Agent and the Investor of any material adverse change in
  the Company's financial condition, prospects or business or of any development
  materially affecting the Company or rendering untrue or misleading any material
  statement in the Offering Materials occurring at any time as soon as the Company
  is either informed or becomes aware thereof. 

                                   B.
                 To
  use its commercially reasonable efforts to cause the Common Stock issuable in
  connection with the Standby Equity Distribution Agreement to be qualified or
  registered for sale on terms consistent with those stated in the Registration
  Rights Agreement and under the securities laws of such jurisdictions as the
  Placement Agent and the Investor shall reasonably request. Qualification, registration
  and exemption charges and fees shall be at the sole cost and expense of the
  Company. 

                                   C.
                 Upon
  written request, to provide and continue to provide the Placement Agent and
  the Investor copies of all quarterly financial statements and audited annual
  financial statements prepared by or on behalf of the Company, other reports
  prepared by or on behalf of the Company for public disclosure and all documents
  delivered to the Company's stockholders. 

                                   D.
                 To
  deliver, during the registration period of the Standby Equity Distribution Agreement,
  to the Investor upon the Investor's request, within forty five (45) days, a
  statement of its income for each such quarterly period, and its balance sheet
  and a statement of changes in stockholders' equity as of the end of such quarterly
  period, all in reasonable detail, certified by its principal financial or accounting
  officer; (ii) within ninety (90) days after the close of each fiscal year, its
  balance sheet as of the close of such fiscal year, together with a statement
  of income, a statement of changes in stockholders' equity and a statement of
  cash flow for such fiscal year, such balance sheet, statement of income, statement
  of changes in stockholders' equity and statement of cash flow to be in reasonable
  detail and accompanied by a copy of the certificate or report thereon of independent
  auditors if audited financial statements are prepared; and (iii) a copy of all
  documents, reports and information furnished to its stockholders at the time
  that such documents, reports and information are furnished to its stockholders.

                                   E.
                 To
  comply with the terms of the Offering Materials. 

                                   F.
                 To
  ensure that any transactions between or among the Company, or any of its officers,
  directors and affiliates be on terms and conditions that are no less favorable
  to the Company, than the terms and conditions that would be available in an
  "arm's length" transaction with an independent third party. 

                7.               
  Indemnification and Limitation of Liability. 

                                   A.
                 The
  Company hereby agrees that it will indemnify and hold the Placement Agent and
  each officer, director, shareholder, employee or representative of the Placement
  Agent and each person controlling, controlled by or under common control with
  the Placement Agent within the meaning of Section 15 of the 1933 Act or Section
  20 of the 1934 Act or the SEC's Rules and Regulations promulgated thereunder
  (the "Rules and Regulations"), harmless from and against any and all
  loss, claim, damage, liability, cost or expense whatsoever (including, but

 8

 not limited to, any and all reasonable legal fees and other
  expenses and disbursements incurred in connection with investigating, preparing
  to defend or defending any action, suit or proceeding, including any inquiry
  or investigation, commenced or threatened, or any claim whatsoever or in appearing
  or preparing for appearance as a witness in any action, suit or proceeding,
  including any inquiry, investigation or pretrial proceeding such as a deposition)
  to which the Placement Agent or such indemnified person of the Placement Agent
  may become subject under the 1933 Act, the 1934 Act, the Rules and Regulations,
  or any other federal or state law or regulation, common law or otherwise, arising
  out of or based upon (i) any untrue statement or alleged untrue statement of
  a material fact contained in (a) Section 4 of this Agreement, (b) the Offering
  Materials (except those written statements relating to the Placement Agent given
  by the Placement Agent for inclusion therein), (c) any application or other
  document or written communication executed by the Company or based upon written
  information furnished by the Company filed in any jurisdiction in order to qualify
  the Common Stock under the securities laws thereof, or any state securities
  commission or agency; (ii) the omission or alleged omission from documents described
  in clauses (a), (b) or (c) above of a material fact required to be stated therein
  or necessary to make the statements therein not misleading; or (iii) the breach
  of any representation, warranty, covenant or agreement made by the Company in
  this Agreement. The Company further agrees that upon demand by an indemnified
  person, at any time or from time to time, it will promptly reimburse such indemnified
  person for any loss, claim, damage, liability, cost or expense actually and
  reasonably paid by the indemnified person as to which the Company has indemnified
  such person pursuant hereto. Notwithstanding the foregoing provisions of this
  Paragraph 7(A), any such payment or reimbursement by the Company of fees, expenses
  or disbursements incurred by an indemnified person in any proceeding in which
  a final judgment by a court of competent jurisdiction (after all appeals or
  the expiration of time to appeal) is entered against the Placement Agent or
  such indemnified person based upon specific finding of fact that the Placement
  Agent or such indemnified person's gross negligence or willful misfeasance will
  be promptly repaid to the Company. 

                                   B.
                 The
  Placement Agent hereby agrees that it will indemnify and hold the Company and
  each officer, director, shareholder, employee or representative of the Company,
  and each person controlling, controlled by or under common control with the
  Company within the meaning of Section 15 of the 1933 Act or Section 20 of the
  1934 Act or the Rules and Regulations, harmless from and against any and all
  loss, claim, damage, liability, cost or expense whatsoever (including, but not
  limited to, any and all reasonable legal fees and other expenses and disbursements
  incurred in connection with investigating, preparing to defend or defending
  any action, suit or proceeding, including any inquiry or investigation, commenced
  or threatened, or any claim whatsoever or in appearing or preparing for appearance
  as a witness in any action, suit or proceeding, including any inquiry, investigation
  or pretrial proceeding such as a deposition) to which the Company or such indemnified
  person of the Company may become subject under the 1933 Act, the 1934 Act, the
  Rules and Regulations, or any other federal or state law or regulation, common
  law or otherwise, arising out of or based upon (i) the material breach of any
  representation, warranty, covenant or agreement made by the Placement Agent
  in this Agreement, or (ii) any false or misleading information provided to the
  Company in writing by one of the Placement Agent's indemnified persons specifically
  for inclusion in the Offering Materials. 

 9

                                   C.               
  The Investor hereby agrees that it will indemnify and hold the Placement Agent
  and each officer, director, shareholder, employee or representative of the Placement
  Agent, and each person controlling, controlled by or under common control with
  the Placement Agent within the meaning of Section 15 of the 1933 Act or Section
  20 of the 1934 Act or the Rules and Regulations, harmless from and against any
  and all loss, claim, damage, liability, cost or expense whatsoever (including,
  but not limited to, any and all reasonable legal fees and other expenses and
  disbursements incurred in connection with investigating, preparing to defend
  or defending any action, suit or proceeding, including any inquiry or investigation,
  commenced or threatened, or any claim whatsoever or in appearing or preparing
  for appearance as a witness in any action, suit or proceeding, including any
  inquiry, investigation or pretrial proceeding such as a deposition) to which
  the Placement Agent or such indemnified person of the Placement Agent may become
  subject under the 1933 Act, the 1934 Act, the Rules and Regulations, or any
  other federal or state law or regulation, common law or otherwise, arising out
  of or based upon (i) the conduct of the Investor or its officers, employees
  or representatives in its acting as the Investor for the Offering, (ii) the
  material breach of any representation, warranty, covenant or agreement made
  by the Investor in the Offering Materials, or (iii) any false or misleading
  information provided to the Placement Agent by one of the Investor's indemnified
  persons. 

                                   D.
                 The
  Placement Agent hereby agrees that it will indemnify and hold the Investor and
  each officer, director, shareholder, employee or representative of the Investor,
  and each person controlling, controlled by or under common control with the
  Investor within the meaning of Section 15 of the 1933 Act or Section 20 of the
  1934 Act or the Rules and Regulations, harmless from and against any and all
  loss, claim, damage, liability, cost or expense whatsoever (including, but not
  limited to, any and all reasonable legal fees and other expenses and disbursements
  incurred in connection with investigating, preparing to defend or defending
  any action, suit or proceeding, including any inquiry or investigation, commenced
  or threatened, or any claim whatsoever or in appearing or preparing for appearance
  as a witness in any action, suit or proceeding, including any inquiry, investigation
  or pretrial proceeding such as a deposition) to which the Investor or such indemnified
  person of the Investor may become subject under the 1933 Act, the 1934 Act,
  the Rules and Regulations, or any other federal or state law or regulation,
  common law or otherwise, arising out of or based upon the material breach of
  any representation, warranty, covenant or agreement made by the Placement Agent
  in this Agreement. 

                                   E.               
  Promptly after receipt by an indemnified party of notice of commencement of
  any action covered by Section 7(A), (B), (C) or (D), the party to be indemnified
  shall, within five (5) business days, notify the indemnifying party of the commencement
  thereof; the omission by one (1) indemnified party to so notify the indemnifying
  party shall not relieve the indemnifying party of its obligation to indemnify
  any other indemnified party that has given such notice and shall not relieve
  the indemnifying party of any liability outside of this indemnification if not
  materially prejudiced thereby. In the event that any action is brought against
  the indemnified party, the indemnifying party will be entitled to participate
  therein and, to the extent it may desire, to assume and control the defense
  thereof with counsel chosen by it which is reasonably acceptable to the indemnified
  party. After notice from the indemnifying party to such indemnified party of
  its election to so assume the defense thereof, the indemnifying party will not
  be liable to such indemnified party under such Section 7(A), (B), (C), or (D)
  for any legal or other expenses subsequently incurred by such indemnified party
  in

 10

 connection with the defense thereof, but the indemnified party
  may, at its own expense, participate in such defense by counsel chosen by it,
  without, however, impairing the indemnifying party's control of the defense.
  Subject to the proviso of this sentence and notwithstanding any other statement
  to the contrary contained herein, the indemnified party or parties shall have
  the right to choose its or their own counsel and control the defense of any
  action, all at the expense of the indemnifying party if (i) the employment of
  such counsel shall have been authorized in writing by the indemnifying party
  in connection with the defense of such action at the expense of the indemnifying
  party, or (ii) the indemnifying party shall not have employed counsel reasonably
  satisfactory to such indemnified party to have charge of the defense of such
  action within a reasonable time after notice of commencement of the action,
  or (iii) such indemnified party or parties shall have reasonably concluded that
  there may be defenses available to it or them which are different from or additional
  to those available to one or all of the indemnifying parties (in which case
  the indemnifying parties shall not have the right to direct the defense of such
  action on behalf of the indemnified party or parties), in any of which events
  such fees and expenses of one additional counsel shall be borne by the indemnifying
  party; provided, however, that the indemnifying party shall not, in connection
  with any one action or separate but substantially similar or related actions
  in the same jurisdiction arising out of the same general allegations or circumstance,
  be liable for the reasonable fees and expenses of more than one separate firm
  of attorneys at any time for all such indemnified parties. No settlement of
  any action or proceeding against an indemnified party shall be made without
  the consent of the indemnifying party. 

                                   F.               
  In order to provide for just and equitable contribution in circumstances in
  which the indemnification provided for in Section 7(A) or 7(B) is due in accordance
  with its terms but is for any reason held by a court to be unavailable on grounds
  of policy or otherwise, the Company and the Placement Agent shall contribute
  to the aggregate losses, claims, damages and liabilities (including legal or
  other expenses reasonably incurred in connection with the investigation or defense
  of same) which the other may incur in such proportion so that the Placement
  Agent shall be responsible for such percent of the aggregate of such losses,
  claims, damages and liabilities as shall equal the percentage of the gross proceeds
  paid to the Placement Agent and the Company shall be responsible for the balance;
  provided, however, that no person guilty of fraudulent misrepresentation within
  the meaning of Section 11(f) of the 1933 Act shall be entitled to contribution
  from any person who was not guilty of such fraudulent misrepresentation. For
  purposes of this Section 7(F), any person controlling, controlled by or under
  common control with the Placement Agent, or any partner, director, officer,
  employee, representative or any agent of any thereof, shall have the same rights
  to contribution as the Placement Agent and each person controlling, controlled
  by or under common control with the Company within the meaning of Section 15
  of the 1933 Act or Section 20 of the 1934 Act and each officer of the Company
  and each director of the Company shall have the same rights to contribution
  as the Company. Any party entitled to contribution will, promptly after receipt
  of notice of commencement of any action, suit or proceeding against such party
  in respect of which a claim for contribution may be made against the other party
  under this Section 7(D), notify such party from whom contribution may be sought,
  but the omission to so notify such party shall not relieve the party from whom
  contribution may be sought from any obligation they may have hereunder or otherwise
  if the party from whom contribution may be sought is not materially prejudiced
  thereby.

 11

                                   G.
                 The
  indemnity and contribution agreements contained in this Section 7 shall remain
  operative and in full force and effect regardless of any investigation made
  by or on behalf of any indemnified person or any termination of this Agreement.

                                   H.               
  The Company hereby waives, to the fullest extent permitted by law, any right
  to or claim of any punitive, exemplary, incidental, indirect, special, consequential
  or other damages (including, without limitation, loss of profits) against the
  Placement Agent and each officer, director, shareholder, employee or representative
  of the placement agent and each person controlling, controlled by or under common
  control with the Placement Agent within the meaning of Section 15 of the 1933
  Act or Section 20 of the 1934 Act or the Rules and Regulations arising out of
  any cause whatsoever (whether such cause be based in contract, negligence, strict
  liability, other tort or otherwise). Notwithstanding anything to the contrary
  contained herein, the aggregate liability of the Placement Agent and each officer,
  director, shareholder, employee or representative of the Placement Agent and
  each person controlling, controlled by or under common control with the Placement
  Agent within the meaning of Section 15 of the 1933 Act or Section 20 of the
  1934 Act or the Rules and Regulations shall not exceed the compensation received
  by the Placement Agent pursuant to Section 2 hereof. This limitation of liability
  shall apply regardless of the cause of action, whether contract, tort (including,
  without limitation, negligence) or breach of statute or any other legal or equitable
  obligation. 

               8.               
  Payment of Expenses.

                The
  Company hereby agrees to bear all of the expenses in connection with the Offering,
  including, but not limited to the following: filing fees, printing and duplicating
  costs, advertisements, postage and mailing expenses with respect to the transmission
  of Offering Materials, registrar and transfer agent fees, escrow agent fees
  and expenses, fees of the Company's counsel and accountants, issue and transfer
  taxes, if any. 

               9.               
Conditions of Closing.

                The
  Closing shall be held at the offices of the Investor or its counsel. The obligations
  of the Placement Agent hereunder shall be subject to the continuing accuracy
  of the representations and warranties of the Company and the Investor herein
  as of the date hereof and as of the Date of Closing (the "Closing Date")
  with respect to the Company or the Investor, as the case may be, as if it had
  been made on and as of such Closing Date; the accuracy on and as of the Closing
  Date of the statements of the officers of the Company made pursuant to the provisions
  hereof; and the performance by the Company and the Investor on and as of the
  Closing Date of its covenants and obligations hereunder and to the following
  further conditions: 

                                   A.
                 Upon
  the effectiveness of a registration statement covering the Standby Equity Distribution
  Agreement, the Investor and the Placement Agent shall receive the opinion of
  Counsel to the Company, dated as of the date thereof, which opinion shall be
  in form and substance reasonably satisfactory to the Investor, their counsel
  and the Placement Agent. 

                                   B.
                 At
  or prior to the Closing, the Investor and the Placement Agent shall have been
  furnished such documents, certificates and opinions as it may reasonably require
  for the purpose of enabling them to review or pass upon the matters referred
  to in this Agreement and the Offering Materials, or in order to evidence the
  accuracy, completeness or satisfaction of any of the representations, warranties
  or conditions herein contained. 

 12

                                   C.
                 At
  and prior to the Closing, (i) there shall have been no material adverse change
  nor development involving a prospective change in the condition or prospects
  or the business activities, financial or otherwise, of the Company from the
  latest dates as of which such condition is set forth in the Offering Materials;
  (ii) there shall have been no transaction, not in the ordinary course of business
  except the transactions pursuant to the Securities Purchase Agreement entered
  into by the Company on the date hereof which has not been disclosed in the Offering
  Materials or to the Placement Agent in writing; (iii) except as set forth in
  the Offering Materials, the Company shall not be in default under any provision
  of any instrument relating to any outstanding indebtedness for which a waiver
  or extension has not been otherwise received; (iv) except as set forth in the
  Offering Materials, the Company shall not have issued any securities (other
  than those to be issued as provided in the Offering Materials) or declared or
  paid any dividend or made any distribution of its capital stock of any class
  and there shall not have been any change in the indebtedness (long or short
  term) or liabilities or obligations of the Company (contingent or otherwise)
  and trade payable debt; (v) no material amount of the assets of the Company
  shall have been pledged or mortgaged, except as indicated in the Offering Materials;
  and (v) no action, suit or proceeding, at law or in equity, against the Company
  or affecting any of its properties or businesses shall be pending or threatened
  before or by any court or federal or state commission, board or other administrative
  agency, domestic or foreign, wherein an unfavorable decision, ruling or finding
  could materially adversely affect the businesses, prospects or financial condition
  or income of the Company, except as set forth in the Offering Materials. 

                                   D.               
  If requested at Closing the Investor and the Placement Agent shall receive a
  certificate of the Company signed by an executive officer and chief financial
  officer, dated as of the applicable Closing, to the effect that the conditions
  set forth in subparagraph (C) above have been satisfied and that, as of the
  applicable closing, the representations and warranties of the Company set forth
  herein are true and correct. 

                                   E.               
  The Placement Agent shall have no obligation to insure that (x) any check, note,
  draft or other means of payment for the Common Stock will be honored, paid or
  enforceable against the Investor in accordance with its terms, or (y) subject
  to the performance of the Placement Agent's obligations and the accuracy of
  the Placement Agent's representations and warranties hereunder, (1) the Offering
  is exempt from the registration requirements of the 1933 Act or any applicable
  state "Blue Sky" law or (2) the Investor is an Accredited Investor. 

                10.              
  Termination. 

                This
  Agreement shall be co-terminus with, and terminate upon the same terms and conditions
  as those set forth in, the Standby Equity Distribution Agreement. The rights
  of the Investor and the obligations of the Company under the Registration Rights
  Agreement, and the rights of the Placement Agent and the obligations of the
  Company shall survive the termination of this Agreement unabridged. 

 13

               11.               Miscellaneous.

                                  A.               
  This Agreement may be executed in any number of counterparts, each of which
  shall be deemed to be an original, but all which shall be deemed to be one and
  the same instrument. 

                                   B.
                 Any
  notice required or permitted to be given hereunder shall be given in writing
  and shall be deemed effective when deposited in the United States mail, postage
  prepaid, or when received if personally delivered or faxed (upon confirmation
  of receipt received by the sending party), addressed as follows to such other
  address of which written notice is given to the others): 

	 If to Placement Agent, to:  	 Newbridge Securities Corporation  
	  	 1451 Cypress Creek Road, Suite 204  
	  	 Fort Lauderdale, Florida 33309  
	  	 Attention:  	 Doug Aguililla  
	  	 Telephone:  	 (954) 334-3450  
	  	 Facsimile:  	 (954) 229-9937  
	  	 	 
	 If to the Company, to:  	 EYI Industries, Inc.  
	  	 3960 Howard Hughes Parkway - Suite 500  
	  	 Las Vegas, Nevada 89109  
	  	 Attention:  	 Jay Sargeant, President  
	  	 Telephone:  	 (702) 296-8034  
	  	 Facsimile:  	 (604) 502-5144  
	  	 	 
	 With a copy to:  	 Kirkpatrick & Lockhart LLP  
	  	 201 South Biscayne Boulevard – Suite 2000 
    
	  	 Miami, Florida 33131-2399  
	  	 Attention:  	 Clayton E. Parker, Esq.  
	  	 Telephone:  	 (305) 539-3300  
	  	 Facsimile:  	 (305) 358-7095  
	  	 	 
	 If to the Investor:  	 Cornell Capital Partners, LP  
	  	 101 Hudson Street – Suite 3700  
	  	 Jersey City, New Jersey 07302  
	  	 Attention:  	 Mark A. Angelo  
	  	  	 Portfolio Manager  
	  	 Telephone:  	 (201) 985-8300  
	  	 Facsimile:  	 (201) 985-8266  
	  	 	 
	 With copies to:  	 Butler Gonzalez LLP  
	  	 1416 Morris Avenue – Suite 207  
	  	 Union, New Jersey 07083  
	  	 Attention:  	 David Gonzalez, Esq.  
	  	 Facsimile:  	 (908) 810-0973  

 14

                                   C.
                 This
  Agreement shall be governed by and construed in all respects under the laws
  of the State of Nevada, without reference to its conflict of laws rules or principles.
  Any suit, action, proceeding or litigation arising out of or relating to this
  Agreement shall be brought and prosecuted in such federal or state court or
  courts located within the State of New Jersey as provided by law. The parties
  hereby irrevocably and unconditionally consent to the jurisdiction of each such
  court or courts located within the State of New Jersey and to service of process
  by registered or certified mail, return receipt requested, or by any other manner
  provided by applicable law, and hereby irrevocably and unconditionally waive
  any right to claim that any suit, action, proceeding or litigation so commenced
  has been commenced in an inconvenient forum. 

                                   D.
                 This
  Agreement and the other agreements referenced herein contain the entire understanding
  between the parties hereto and may not be modified or amended except by a writing
  duly signed by the party against whom enforcement of the modification or amendment
  is sought. 

                                   E.               
  If any provision of this Agreement shall be held to be invalid or unenforceable,
  such invalidity or unenforceability shall not affect any other provision of
  this Agreement. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

15

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

	  	COMPANY:  
	  	EYI INDUSTRIES, INC.  
	  	 	 
	 	 By:  	 "Jay Sargeant"  
	 	 Name:  	 Jay Sargeant
	 	 Title:  	 President  
	 	  	 
	 	  	 
	 	 PLACEMENT AGENT:  
	 	 NEWBRIDGE SECURITIES CORPORATION 
    
	 	  	 
	 	 By:  	 "Guy S. Amico"  
	 	 Name: 	Guy S. Amico 
	 	 Title:  	 President  
	 	  	 
	 	  	 
	 	 INVESTOR: 
	 	 CORNELL CAPITAL PARTNERS, LP  
	 	  	 
	 	 By:  	 Yorkville Advisors, LLC  
	 	 Its:  	 General Partner  
	 	  	 
	 	 By:  	 "Mark A. Angelo"  
	 	 Name: 	Mark A. Angelo  
	 	 Title:  	 Portfolio Manager  

 16

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