Document:

EXHIBIT 10.1

                              TERMINATION AGREEMENT

      AGREEMENT  made  as of the  24th  day of  March,  2005  (the  "Termination
Agreement") by and between  INTERCOMSOFT  LIMITED  ("Intercomsoft") and SUPERCOM
LIMITED (Israel) ("Supplier").

                              W I T N E S S E T H :

      WHEREAS,  Supplier is an Israeli publicly owned  corporation  whose shares
are traded in the United States on the over-the-counter bulletin board; and

      WHEREAS,  Intercomsoft  and  Supplier  are parties to that  certain  Sales
Agreement  dated August 25, 1995,  as amended May 5, 1998 and July 22, 1998 (the
"Sales Agreement"); and

      WHEREAS,   Supplier   has,  for  its  own  business   reasons,   requested
Intercomsoft to terminate the Sales  Agreement,  all on and subject to the terms
and conditions hereinafter set forth.

      NOW, THEREFORE,  in consideration of the mutual covenants herein and other
good and valuable consideration, the parties hereto do hereby agree as follows:

      1.  Incorporation  by  Reference.  The terms and  conditions  of the Sales
Agreement are incorporated  herein by reference  thereto.  All capitalized terms
which are used but not defined  herein shall have the meanings  ascribed to them
in the Sales Agreement.

      2.  Termination.  Subject to the terms and conditions of this  Termination
Agreement,  the Sales  Agreement  is hereby  terminated,  effective  on the date
hereof.

            Supplier  hereby  acknowledges  and confirms that  Intercomsoft  has
fully complied with all of its obligations under the Sales Agreement through the
date  hereof and is not in breach or  default of any of the terms or  provisions
thereof.  Intercomsoft  hereby acknowledges and confirms that Supplier has fully
complied with all of its obligations  under the Sales Agreement through the date
hereof  and is not in  breach  or  default  of any of the  terms  or  provisions
thereof.  Supplier  hereby releases and discharges  Intercomsoft,  Trimol Group,
Inc.  (its  parent  corporation)  and  their  respective  officers,   directors,
shareholders,  employees and agents, from all claims,  causes of action,  suits,
proceedings,  obligations, liabilities, costs or expenses of any kind whatsoever
from the  beginning  of time  through  the date  hereof,  except for the payable
referred to below. In addition,  Supplier hereby agrees to defend, indemnify and
hold  Intercomsoft,  Trimol  Group,  Inc.  (its  parent  corporation)  and their
respective officers,  directors,  shareholders,  employees and agents,  harmless
from and against all claims, causes of action, suits, proceedings,  obligations,
liabilities,   costs  or  expenses  of  any  kind  whatsoever  (including  their
respective  legal fees) incurred by any of them as a result of or based upon (i)
the execution and delivery by Intercomsoft of this Termination  Agreement,  (ii)
any breach of any representation,  warranty,  covenant or obligation of Supplier
under

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this  Termination  Agreement,  or (iii) any  claim or action by any third  party
claiming by or through  Supplier as a result of this Termination  Agreement,  or
otherwise.  The parties  acknowledge  and agree that there are no amounts due or
obligations  owing to the other under the Sales  Agreement as of the date hereof
(other than a payable by Intercomsoft to Supplier in the amount of $184,912) and
that the  Agreement  shall be of no further  force or effect  from and after the
date hereof, except that nothing herein shall impair Supplier's right to receive
payment with respect to such payable.  The aforesaid payable of $184,912 will be
paid to Supplier in nine equal monthly installments, the first of which shall be
paid in April 2005.

      3.   Obligations   and  Covenants  of  Supplier.   In   consideration   of
Intercomsoft's  agreement  to enter into this  Termination  Agreement,  Supplier
hereby agrees, as follows:

            (a)  Supplier  will  supply to the  Government  of the  Republic  of
Moldova all Equipment, Consumables, Software and Technology requested by Moldova
pursuant to that certain Contract on Leasing Equipment and Licensing  Technology
dated  April 29,  1996 and  terminating  on April 29,  2006 by and  between  The
Ministry of Economics,  Republic of Moldova  ("Moldova") and  Intercomsoft  Ltd.
(the  "Supply  Agreement"),  within  the  time  periods,  to the  extent  and as
otherwise  required of Supplier  under the Sales  Agreement  as if, for purposes
hereof,  the Sales Agreement had not been terminated  hereunder.  Supplier shall
supply such Equipment, Consumables, Software and Technology directly to Moldova,
but only upon the request of Moldova  pursuant to the requirements of the Supply
Agreement, during the term of the Supply Agreement.

            (b)  Supplier  acknowledges  that the Supply  Agreement  is still in
force and effect and Supplier will not take any action,  directly or indirectly,
to interfere with the contractual  rights of  Intercomsoft  thereunder or to, in
any way, cause Moldova to terminate or not renew the Supply Agreement.

            (c)  Supplier  will not  request or accept any direct  payment  from
Moldova for any of the Equipment,  Consumables,  Software or Technology supplied
by it to Moldova pursuant to its aforementioned  covenant hereunder and Supplier
will be paid by an entity which has no connection to Intercomsoft  (in an amount
not to exceed what Supplier would have  otherwise  received in payment under the
Sales Agreement) and Intercomsoft  shall have no obligation or responsibility to
pay  Supplier  for any of the  foregoing  in the absence of a written  agreement
between Intercomsoft and Supplier.

      4. Non-Compete Termination.  Neither Intercomsoft,  Trimol Group, Inc., or
any subsidiary or affiliated  entity thereof,  shall be bound by any non-compete
agreement or provision with Supplier or Supercom from and after the date hereof,
including any such provision under the Sales Agreement.

      5. Liquidated  Damages.  Supplier hereby  acknowledges  that, but for this
provision,  Intercomsoft would not have entered into this Termination Agreement.
In the event that  Supplier  breaches  any of its  representations,  warranties,
obligations or covenants  under this  Termination  Agreement,  Supplier shall be
obligated to and will pay to  Intercomsoft,  upon demand, a sum equal to (i) the
aggregate of the last twelve payments made to Supplier under the Sales Agreement
(or

<PAGE>

pursuant  to this  Termination  Agreement,  if  applicable),  and (ii) all other
damages  sustained  by  Intercomsoft  as a result  of such  breach,  such sum to
represent liquidated damages and not as a penalty therefor.  The foregoing shall
not constitute an exclusive remedy for any breach or default of this Termination
Agreement by Supplier.

      6. Due Authorization.  This Termination Agreement has been duly authorized
by all required  action of the parties hereto and represents a valid and binding
obligation  of the parties  hereto,  enforceable  in  accordance  with the terms
hereof.

            Each of the  parties  hereto  has been  represented  by  counsel  in
connection  with the  negotiation,  execution  and delivery of this  Termination
Agreement. In the event that Intercomsoft is required to institute any action or
proceeding to enforce the terms and  provisions of this  Termination  Agreement,
Supplier will reimburse  Intercomsoft for all costs and expenses  incurred by it
in connection therewith, including Intercomsoft's counsel fees.

      7.  Miscellaneous.  This  Agreement  (i)  constitutes  the sole and entire
agreement  between the parties  hereto with respect to the subject matter hereof
and supersedes all prior agreements and understandings,  oral or written,  among
the parties hereto with respect to the subject  matter  hereof,  (ii) may not be
modified or waived except pursuant to a written  instrument  signed by the party
to be bound thereby, (iii) shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and permitted assigns, (iv) shall
be governed by and construed in  accordance  with the internal laws of the State
of New York and shall be  enforceable  solely in the  Federal  and state  courts
located  in New  York  County  (or any  other  court of  competent  jurisdiction
selected by Intercomsoft),  (v) shall not be assignable by either of the parties
hereto without the written consent of the  non-assigning  party,  (vi) shall, if
any term or provision  hereof shall be  determined to be  unenforceable,  remain
valid and in full force and effect with respect to all other  provisions of this
Agreement not affected by such unenforceable provision or provisions,  and (vii)
may be executed in one or more  counterparts,  each of which,  when executed and
delivered,  shall be deemed an original,  but all of which when taken  together,
shall constitute one and the same instrument.

      IN WITNESS  WHEREOF,  the parties hereto have hereunto set their hands and
seals as of the day and year first above written.

WITNESS:                                 INTERCOMSOFT LIMITED

Yaron Kotick                             By:      Yuri Benenson
                                                  Chief Executive Officer

WITNESS:                                 SUPERCOM LIMITED (ISRAEL)

Yossi Wejman                             By:      Eli Rosen
                                                  ChairmanAmendment One to Securities Purchase Agreement

 

AMENDMENT
NO. 1

 

 

TO
SECURITIES PURCHASE AGREEMENT

 

THIS
AMENDMENT NO. 1 TO SECURITIES PURCHASE AGREEMENT (this “Amendment”) is
made as of January 28, 2005, by and among Chembio Diagnostics, Inc., a Nevada
corporation (the “Company”), and
the purchasers executing the signature pages hereto (the “Initial
Purchasers”).

 

PRELIMINARY
STATEMENTS

 

A.  The
Company and the Initial Purchasers are parties to a Securities Purchase
Agreement dated as of January 28, 2005 (the “Original
Agreement”),
pursuant to which Initial Purchasers who were party thereto purchased shares of
9% Series B Convertible Preferred Stock (the “Series
B Preferred Stock”) and
warrants to purchase shares of Series B Preferred Stock (the “Warrants”) from
the Company.

 

B.  Certain
additional purchasers (the “Additional
Purchasers,” and
together with the Initial Purchasers, the “Purchasers”) have
agreed to purchase additional shares of Series B Preferred Stock from the
Company (the “Additional
Shares”) and
additional warrants to purchase shares Series B Preferred Stock (the
“Additional
Warrants”).

 

C.  The
Company and the Purchasers have agreed to amend the Original Agreement as
provided herein (as amended, the “Agreement”).

 

D.  The
undersigned hold one hundred percent (100%) of the Series B Preferred Stock
necessary in order to amend the Original Agreement pursuant to Section 5.5
thereof.

 

E.  Capitalized
terms used but not otherwise defined herein shall have the meanings ascribed to
them in the Original Agreement.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the foregoing and the mutual promises, covenants
and conditions set forth herein and in the Agreement (as amended hereby), the
parties hereto hereby agree as follows:

 

1.  Subject
to the terms and conditions of the Agreement, each Additional Purchaser agrees,
severally and not jointly, to purchase at the Second Closing (as defined below),
and the Company agrees to sell and issue to each Additional Purchaser at the
Second Closing, (a) that number of shares of the Company’s Series B
Preferred Stock set forth below such Additional Purchaser’s name on its
respective executed signature page to the Agreement at a purchase price per
share equal to the Stated Value, and (b) Additional Warrants as determined
pursuant to Section 2.2(a)(iii) of the Agreement.

 

2.  Section
2.1 of the Original Agreement is hereby amended and restated in its entirety as
follows:

 

“The
Company agrees to sell, and each Purchaser agrees to purchase in the aggregate,
severally and not jointly, up to $6,067,500 of shares of Preferred Stock with an
aggregated Stated Value equal to such Purchaser’s Subscription Amount and
Warrants as determined by pursuant to Section 2.2(a)(iii). The aggregate number
of shares of Preferred Stock sold hereunder shall be up to 175. The Closings
shall take place in three stages as set forth below (respectively, the
“First
Closing”,
“Second
Closing” and the
“Third
Closing”). Upon
satisfaction of the conditions set forth in Sections 2.2 and 2.3, the Closings
shall occur at the offices of FW, or such other location as the parties shall
mutually agree.

 

(a)  First
Closing. The
First Closing shall be for an aggregate Subscription Amount of up to $5,000,000,
and shall occur within 5 Trading Days of the date hereof. The First Closing
Subscription Amount of Crestview Capital Master, LLC shall be equal to
$3,000,000 and the aggregate First Closing Subscription Amount of the additional
Purchasers, not including Crestview Capital Master, LLC shall be up to
$2,000,000.

 

(b)  Second
Closing. The
Second Closing shall be for an aggregate Subscription Amount of $67,500 ($20,000
of such consideration shall consist of shares of the Company’s Series A
Convertible Preferred Stock (based on their original stated value), together
with accompanying warrants, to be exchanged for shares of Series B Preferred
Stock pursuant to the Company’s Series A Convertible Preferred Stock and Warrant
Purchase Agreement), and shall occur upon the execution by the Company and the
Additional Purchasers of counterpart signature pages to the Agreement, but in no
event later than February 28, 2005.

 

(c)  Third
Closing. The
Third Closing shall be for an aggregate Subscription Amount of up to $1,000,000
from Crestview Capital Master, LLC, and shall occur within five Trading Days of
notice by the Company to Crestview of the event that the Company has achieved at
least $5,000,000 in aggregate contract revenues and an annualized gross profit
of at least $2,250,000 as of any fiscal quarter of 2005 (as reported in the SEC
Reports).”

 

3.  The
definition of “Subscription Amount” is hereby amended and restated in its
entirety as follows: “

 

““Subscription
Amount” means, as to each Purchaser, the amounts set forth below such
Purchaser’s signature block on the signature pages hereto and next to the
headings “First Closing Subscription Amount”, “Second Closing Subscription
Amount” and the “Third Closing Subscription Amount”, in United States Dollars
and in immediately available funds.”

 

4.  The
Company hereby confirms, represents and warrants that the representations and
warranties of the Company contained in the Agreement (as amended hereby) are
true and correct as of the date hereof as though made as of the date hereof,
except as set forth on the updated Disclosure Schedules (the “Disclosure
Schedules”)
furnished to each participating Purchaser in connection with this
Amendment.

 

5.  The
Company and the Initial Purchasers, by execution of this Amendment, hereby
acknowledge that the definition of “Registrable Securities” in the Company’s
Registration Rights Agreement dated as of January 26, 2005 shall include the
Additional Shares and the shares underlying the exercise of the Additional
Warrants.

 

6.  Except as
specifically provided in this Amendment, there are no amendments, revisions or
other modifications to the Agreement. All other terms and conditions of the
Agreement are hereby incorporated by reference and shall remain in full force
and effect and apply fully to this Amendment.

 

7.  This
Amendment shall be governed by and construed under the laws of the State of New
York as applied to agreements among New York residents entered into and to be
performed entirely within New York.

 

8.  This
Amendment may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

 

[Signature
page follows]

 

 

 

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

 

 

CHEMBIO
DIAGNOSTICS, INC.

 

/s/
Lawrence A. Siebert 

Lawrence
A. Siebert

President

 

Signature: 

 

 

Title:_______________
Tax ID#: __________________

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