Document:

EMPLOYMENT AGREEMENT

Exhibit 10.57

EMPLOYMENT AGREEMENT

         This Employment Agreement is entered into on January 1, 2006 by and between Cord Blood America, Inc., a Florida corporation (the "Company"), and Noah J. Anderson, an individual (the "Executive").

WITNESSETH:

         WHEREAS, the Executive has served as the Chief Technology Officer of Cord Blood America, Inc., a Florida corporation ("CBA"), since June 1, 2004;

         WHEREAS, the Company desires to employ the Executive, and the Executive desires to be employed by the Company, pursuant to the provisions contained in this Employment Agreement (the "Agreement");

         NOW, THEREFORE, in consideration of the premises, and the respective covenants and agreements of each of the Company and the Executive contained in this Agreement, each of the Company and the Executive agrees as follows:

ARTICLE I

CERTAIN DEFINITIONS

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

         The following terms shall have the following respective meanings when utilized in this Agreement:

         "Agreement" means this Employment Agreement as it is now or hereafter in effect.

         "Approved Board" means a Board of Directors of the Company that, as of a given date, is comprised of individuals at least a majority of whom have continuously served as directors of the Company during the period of two years ending on such date, unless the election of each director who was not a director at the beginning of such two year period was approved in advance by the directors representing at least two-thirds of the directors then in office who were directors at the beginning of such two year period.

         "Approved Change in Control of the Company" means any transaction or series of transactions which:

                  (a) results, or is reasonably anticipated to result, in a Change in Control of the Company;

                  (b) is approved by the requisite vote of an Approved Board pursuant to, and in accordance with, applicable law and the Articles of Incorporation and Bylaws of the Company; and

                  (c) if required by applicable law or the Articles of Incorporation or Bylaws of the Company, is approved by the requisite vote of the shareholders of the Company pursuant to, and in accordance with, applicable law and the Articles of Incorporation and Bylaws of the Company.

         "Bonus" means, as of a given date, the most recent annual performance bonus awarded by the Company to the Executive.

         "Cause" means any action by the Executive or any inaction by the Executive which, after due consideration, is reasonably determined by the Board of Directors of the Company to constitute:

                  (a) fraud, embezzlement, misappropriation, dishonesty or breach of trust;

                  (b) a felony or moral turpitude;

                  (c) material breach or violation of any or all of the covenants, agreements and obligations of the Executive set forth in this Agreement, other than as the result of the Executive's death or Disability;

                  (d) a willful or knowing failure or refusal by the Executive to perform any or all of his material duties and responsibilities as an officer of the Company, other than as the result of the Executive's death or Disability; or

                  (e) gross negligence by the Executive in the performance of any or all of his material duties and responsibilities as an officer of the Company, other than as a result of the Executive's death or Disability; provided, however, that if the basis for any termination of the Executive's employment by the Company as set forth in the Termination Notice delivered by the Company to the Executive is any or all of the definitions of Cause set forth in paragraphs (c), (d) or (e) of this definition, then, in such event, the Executive shall have thirty (30) days from and after the date of his receipt of such Termination Notice to present a reasonable plan to cure such action or inaction specified in the Termination Notice, which plan may require more than thirty (30) days to cure the specified action or inaction, but such plan shall be reasonably satisfactory to the Company.

         "Change in Control of the Company" means any change in control of the Company of a nature which would be required to be reported (a) in response to Item 6(e) of Schedule 14A of Regulation 14A, as in effect on the date of this Agreement, promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), (b) in response to Item 1 of the Current Report on Form 8-K, as in effect on the date of this Agreement, promulgated under the Exchange Act, or (c) in any filing by the Company with the United States Securities and Exchange Commission; provided, however, that, without limitation, a Change in Control of the Company shall be deemed to have occurred if:

                  (a) subsequent to the date of this Agreement, any "person" (as such term is defined in Sections 13(d)(3) and 14(d)(2) of the Exchange Act), other than the Company, any subsidiary of the Company or any compensation, retirement, pension or other employee 

benefit plan or trust of the Company or any subsidiary of the Company, becomes the "beneficial owner" (as such term is defined in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of the Company or any successor to the Company (whether by merger, consolidation or otherwise) representing twenty percent (20%) or more of the combined voting power of the Company's then outstanding securities;

                  (b) during any period of two consecutive years, the individuals who at the beginning of such period constitute the Board of Directors of the Company cease for any reason to constitute at least a majority of such Board of Directors, unless the election of each director who was not a director at the beginning of such period has been approved in advance by the directors representing at least two-thirds of the directors then in office who were directors at the beginning of such period;

                  (c) the Company shall merge or consolidate with or into another corporation or other entity, or enter into a binding agreement to merge or consolidate with or into another corporation or other entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving corporation or entity) not less than eighty percent (80%) of the combined voting power of the voting securities of the Company or such surviving corporation or entity outstanding immediately after such merger or consolidation;

                  (d) the Company shall sell, lease, exchange or otherwise dispose of all or substantially all of its assets, or enter into a binding agreement for the sale, lease, exchange or other disposition of all or substantially all of its assets, in one transaction or in a series of related transactions; or

                  (e) the Company shall liquidate or dissolve, or any plan or proposal shall be adopted for the liquidation or dissolution of the Company.

         "Company" means Cord Blood America, Inc., a Florida corporation.

         "CBA" means Cord Blood America, Inc., a Florida corporation.

         "Compensation" means the sum of the Executive's Salary and Bonus.

         "Disability" means any mental or physical illness, condition, disability or incapacity which prevents the Executive from reasonably discharging his duties and responsibilities as an officer of the Company. If any disagreement or dispute shall arise between the Company and the Executive as to whether the Executive suffers from any Disability, then, in such event, the Executive shall submit to the physical or mental examination of a licensed physician, who is mutually agreeable to the Company and the Executive, and such physician shall determine whether the Executive suffers from any Disability. In the absence of fraud or bad faith, the determination of such physician 

shall be final and binding upon the Company and the Executive. The entire cost of such examination shall be paid for solely by the Company.

"Executive" means Noah Anderson, an individual. 

"Good Reason" means:

                  (a) the assignment by the Board of Directors of the Company to the Executive, without his express written consent, of duties and responsibilities which results in the Executive having less significant duties and responsibilities or exercising less significant power and authority than he had, or duties and responsibilities or power and authority not comparable to that of the level and nature which he had, immediately prior to such assignment;

                  (b) the removal of the Executive from, or a failure to reappoint the Executive to, his then current position with the Company or its subsidiaries or affiliates, except (i) with the Executive's express written consent or (ii) in connection with any termination of the Executive's employment by the Company as the result of the Executive's Protracted Disability or for Cause;

                  (c) the Company's failure to perform on a timely basis its obligations under this Agreement;

                  (d) the Company's requiring the Executive, without his express written consent, to travel on Company business to an extent substantially greater than the Executive's business travel obligations immediately prior to such time;

                  (e) the Company's requiring the Executive, without his express written consent, to change his place of permanent residency; or

                  (f) the failure of the Company to obtain the express written assumption of, and agreement to perform on a timely basis, the Company's obligations under this Agreement by any successor to the Company as required by Article X of this Agreement.

         "Person" means any individual, person, firm, corporation, partnership, association or other entity.

         "Protracted Disability" means any Disability which prevents the Executive from reasonably discharging his duties and responsibilities as an officer of the Company for a period of twelve (12) consecutive months.

         "Salary" means, as of a given date, the Executive's then current annual salary.

         "Successor Agreement" shall have the meaning set forth in Article X of this Agreement.

         "Termination Date" means a specific date not less than forty-five (45) nor more than ninety (90) days from and after the date of any Termination Notice upon which the Executive's employment by the Company shall be terminated in accordance with the provisions of this Agreement.

         "Termination Notice" shall mean a written notice which sets forth (a) the specific provision of this Agreement relied upon to terminate the Executive's employment, (b) in reasonable detail the facts and circumstances claimed to provide the basis for the termination of the Executive's employment, and (c) a Termination Date.

         "Territory" shall have the meaning set forth in Section 9.1(a) of this Agreement.

ARTICLE II

EMPLOYMENT

----------

         The Company employs the Executive and the Executive accepts such employment. Subject to the direction of the Chief Executive Officer, the Executive shall serve as the Chief Technology Officer of the Company, CBA and each of the subsidiary corporations and other entities of the Company and CBA as well as President of Family Marketing, Inc.. The Executive shall have such responsibilities, perform such duties and exercise such power and authority as are inherent in, or incident to, the offices of Chief Technology Officer and President. The Executive shall devote substantially all of his business time and attention and his best efforts to the diligent performance of his duties as an employee of the Company.

ARTICLE III

TERM

----

         Subject to the provisions of Article VII below, the term of this Agreement shall be for a period of one (1) year, commencing on January 1, 2006 and expiring on December 31, 2006. This contract also immediately nullifies the previous employment contract signed by Executive on July 13, 2005.

ARTICLE IV

SALARY

------

         4.1 INITIAL SALARY. In full payment for the obligations to be performed by the Executive during the term of this Agreement, the Company shall pay to the Executive a salary (subject to applicable payroll and/or other taxes required by law to be withheld) as follows:

                  (a) for the period from the date of this Agreement through December 31, 2006, the amount of One Hundred Eight Thousand Dollars($108,000.00);

         4.2 PAYMENT OF SALARY. Payments of salary shall be made to the Executive in installments from time to time on the same dates payments of salary are generally made to all senior management employees of the Company.

ARTICLE V

PERFORMANCE BONUS

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

         The Executive is entitled to receive a performance bonus in accordance with the schedule below:

1.

10% of gross profit for Family Marketing, Inc.  To qualify for 10% gross profit, Family Marketing, Inc. must show a net profit, or a net loss less than or equal to 30% of total revenue. 1% is deducted from the 10% bonus for every percentage point that the net loss is greater than 30%. If the net loss is greater than 40% no bonus shall be awarded for the period. 

2.

The bonus will be calculated every quarter based upon a rolling year. For the first 3 quarters of the calendar year, the 10% bonus will be paid regardless of the net income/loss. Upon completion of the calendar year, the bonus will be calculated using the method described above. Based upon the results of the calculation, either a bonus will be issued or the employee will become responsible for the repayment of previously issued quarterly bonuses in excess of the year end calculated amount. Any bonus repayment will be paid back through a payroll deduction within the same calendar year.

Example #1: Revenue is $100,000 and total Expenses plus Cost of Sales is $120,000. This means that net loss is $20,000 or 20%. In this case, the Executive would be eligible for the entire 10% bonus on gross profit.

Example #2: Revenue is $100,000 and total Expenses plus Cost of Sales is $135,000. This means that the net loss is $35,000 or 35%. In this case, the Executive would be eligible to receive a 5% bonus on gross profit.

Example #3: Revenue is $100,000 and total Expenses plus Cost of Sales is $140,000. This means that the net loss is $40,000 or 40%. In this case, the Executive would not be eligible to receive any bonus.

Year End Bonus:  10% of net income for the year ended 2006.  This bonus is payable in a one time bonus during January 2007.

ARTICLE VI

CERTAIN FRINGE BENEFITS

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

         6.1 GENERALLY. The Executive shall be entitled to receive such benefits and to participate in such benefit plans as are generally provided from time to time by the Company to its senior management employees; provided, however, that nothing contained in this Section 6.1 shall be construed to obligate the Company to provide any specific benefits to its employees generally.

         6.2 VACATIONS. The Executive shall be entitled to vacation time on an annual basis in accordance with such policies as are from time to time adopted by the Company's Board of Directors with respect to its senior management employees.

      

  6.4 STOCK OPTIONS. The Executive shall be entitled to participate in the Company's stock option plans as may from time to time be in effect and to receive such incentive or other stock options as may from time to time be granted to him thereunder; provided, however, that nothing contained in this Section 6.4 shall be construed to obligate the Company, its Board of Directors or any committee of its Board of Directors to grant any incentive or other stock option whatsoever to the Executive.

         6.5 BUSINESS, TRAVEL AND ENTERTAINMENT EXPENSES. Within a reasonable time after the submission of appropriate receipts and other evidence by the Executive, the Company shall pay, or reimburse the Executive for, all reasonable business, travel and entertainment expenses incurred by the Executive in connection with the performance of his duties and responsibilities on behalf of the Company.

ARTICLE VII

TERMINATION OF EMPLOYMENT

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

         7.1      TERMINATION OF EMPLOYMENT.

                  (a) Notwithstanding the provisions of Article III hereof, this Agreement (i) shall automatically terminate upon the death of the Executive pursuant to the provisions of Section 7.2 hereof, (ii) may be terminated at any time by the Company pursuant to the provisions of Sections 7.3 or 7.4 hereof, and (iii) may be terminated at any time by the Executive pursuant to the provisions of Section 7.5 hereof.

                  (b) If either the Company or the Executive shall desire to terminate the Executive's employment by the Company pursuant to any of the provisions of Sections 7.3, 7.4, or 7.5 of this Agreement, then, in such event, the party causing such termination shall provide a Termination Notice to the other party.

                   (c) If this Agreement shall be terminated pursuant to any of the provisions of this Article VII, the Company shall be discharged from all of its obligations to the Executive under this Agreement upon the payment to the Executive of the amount set forth in the Section of this Article VII pursuant to which such termination shall occur. The Executive's sole and exclusive remedy for the termination of this Agreement prior to December 31 2006, regardless of whether such termination shall be initiated by the Company or the Executive, and regardless of whether such termination shall be with or without cause, shall be the payment by the Company to the Executive of the amount set forth in the Section of this Article VII pursuant to which such termination shall occur.

         7.2 DEATH OF EXECUTIVE. If during the term of this Agreement the Executive shall die, then the employment of the Executive by the Company shall automatically terminate on the date of the Executive's death. In such event, not more than thirty (30) days after the date of the Executive's death, the Company shall pay to the Executive's estate or as otherwise directed by the Executive's personal representative or executor, an amount in cash equal to the Executive's Compensation (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of the Executive's death.

         7.3 DISABILITY OF EXECUTIVE.

                  (a) In the event that at any time during the term of this Agreement the Executive shall suffer any Disability, then the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive or his legal representative, as the case may be, the Executive's Compensation (subject to applicable payroll and/or other taxes required by law to be withheld) from the date that the Executive shall first suffer any such Disability to the date that the Executive's employment by the Company shall be terminated pursuant to any of the provisions of this Agreement.

                  (b) In the event that the Executive shall suffer any Protracted Disability during the term of this Agreement, then the Company may terminate the Executive's employment under this Agreement. In such event, in addition to any other benefits which may have been provided by the Company to the Executive or his legal representative, as the case may be, pursuant to the provisions of Section 7.3(a) above, not later than the Termination Date specified in the Termination Notice delivered by the Company to the Executive or his legal representative, as the case may be, the Company shall pay to the Executive or as otherwise directed by the Executive's legal representative an amount in cash equal to the Executive's Compensation (subject to applicable payroll and/or taxes required by law to be withheld) determined as of the date of such Termination Notice. Subsequent to such Termination Date, the Executive or his legal representative, as the case may be, shall also be entitled to receive any benefits which may be payable under any disability insurance policy or disability plan provided to the Executive by the Company.

         7.4 TERMINATION OF EMPLOYMENT BY COMPANY.

                  (a) The Company may terminate this Agreement at any time with Cause. In such event, the Company shall be obligated to 

continue to pay in the ordinary and normal course of its business to the Executive only his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.

                  (b) The Company may terminate this Agreement at any time without Cause. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 90 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice Agreement and(ii) the restrictions set forth in Section 9.1(b) hereof shall not be applicable to the Executive.

         7.5 TERMINATION OF EMPLOYMENT BY EXECUTIVE.

                  (a) The Executive may terminate this Agreement at any time with Good Reason. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 30 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice through the remaining term of the Agreement and (ii) the restrictions set forth in Section 9.1(b) hereof shall not be applicable to the Executive.

                  (b) The Executive may terminate this Agreement at any time without Good Reason. In such event, the Company shall be obligated to continue to pay in the ordinary and normal course of its business to the Executive only his Salary (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.

ARTICLE VIII

TERMINATION OF EMPLOYMENT

SUBSEQUENT TO A CHANGE IN CONTROL

OF THE COMPANY

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

         8.1 TERMINATION OF EMPLOYMENT. Notwithstanding the provisions of Articles III and VII of this Agreement, in the event that (a) there shall occur any Change in Control of the Company, other than an Approved Change in Control of the Company, and (b) at any time subsequent to the date of any such Change in Control of the Company, either (i) the Company shall terminate the employment of the Executive for any reason, other than as the result of the death or the Protracted Disability of the Executive or for Cause, or (ii) the Executive shall terminate his employment for Good Reason, then, in any such event, (A) not later than the Termination Date specified in the Termination Notice delivered by the Company to the Executive, or by the Executive to the Company, as the case may be, the Company shall pay to the Executive an amount in cash equal to the Executive's Compensation, determined as of the date of such Termination Notice, multiplied by one(subject to applicable payroll and/or other taxes required by law to be withheld), (B) the restrictions set forth in Section 9.1(b) hereof shall not be 

applicable to the Executive, and (C) any and all stock options granted to the Executive under any stock option plan or agreement of the Company as may from time to time be in effect, which shall not by their terms have vested on or before such Termination Date, shall vest on such Termination Date.

         8.2 LIMITATION ON PAYMENT. Notwithstanding anything to the contrary set forth in Section 8.1 above, the amount paid by the Company to the Executive shall be limited to the maximum amount which will not constitute a "parachute payment," as such term is defined in Section 280G(b)(2) of the Internal Revenue Code of 1986, as amended. This limitation shall first be applied to amounts provided pursuant to clause (C) of Section 8.1 hereof (otherwise included in the calculation of a parachute payment) to the extent thereof and then to amounts provided pursuant to clause (A) of Section 8.1 hereof.

ARTICLE IX

CERTAIN RESTRICTIONS ON THE EXECUTIVE

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

         9.1 CERTAIN RESTRICTIONS. The Executive covenants and agrees with the Company as follows:

                  (a) He shall not at any time, directly or indirectly, for himself or any other Person which competes in any manner with the Company or any of its subsidiaries or affiliates in the United States of America or its territories and possessions or any other countries in which the Company as of the date of termination of this Agreement conducts its business directly or indirectly through any of its subsidiaries or affiliates (collectively, the "Territory"), employ, attempt to employ or enter into any contractual arrangement for employment with, any employee or former employee of the Company or any of its subsidiaries or affiliates, unless such former employee shall not have been employed by the Company or any of its subsidiaries or affiliates for a period of at least one year.

                  (b) He shall not, during the term of this Agreement and for a period of one year from and after the date of termination of this Agreement, directly or indirectly, (i) acquire or own in any manner any interest in, or loan any amount to, any Person which competes in any manner with the Company or any of its subsidiaries or affiliates in the Territory, (ii) be employed by or serve as an employee, agent, officer, or director of, or as a consultant to, any Person, other than the Company and its subsidiaries and affiliates, which competes in any manner with the Company or its subsidiaries or affiliates in the Territory, or (iii) compete in any manner with the Company or its subsidiaries or affiliates in the Territory. The foregoing provisions of this Section 9.1(b) shall not prevent the Executive from acquiring and owning not more than five percent (5%) of the equity securities of any Person whose securities are listed for trading on a national securities exchange or are regularly traded in the over-the-counter securities market.

                   (c) In the course of the Executive's employment by the Company, the Executive will have access to confidential or proprietary information of the Company and its subsidiaries and affiliates. The Executive shall not at any time divulge or communicate to any Person, or use to the detriment of the Company or its subsidiaries or affiliates, any such confidential or proprietary information. The term "confidential or proprietary information" shall mean information not generally available to the public, including without limitation personnel information, financial information, customer lists, supplier lists, marketing plans and analyses, trade secrets, computer software and source and object codes and procedures and techniques of operating and managing the business of the Company and its subsidiaries and affiliates.

         9.2 REMEDIES. It is recognized and acknowledged by each of the Company and the Executive that a breach or violation by the Executive of any or all of his covenants and agreements contained in Section 9.1 of this Agreement will cause irreparable harm and damage to the Company and its subsidiaries and affiliates in a monetary amount which would be virtually impossible to ascertain and, therefore, will deprive the Company of an adequate remedy at law. Accordingly, if the Executive shall breach or violate any or all of his covenants and agreements set forth in Section 9.1 hereof, then the Company and its subsidiaries and affiliates shall have resort to all equitable remedies, including without limitation the remedies of specific performance and injunction, both permanent and temporary, as well as all other remedies which may be available at law.

         9.3 INTENT. It is the intent of the parties that the restrictions set forth in Section 9.1 hereof shall be enforced to the fullest extent permissible under the laws and public policies of each jurisdiction in which enforcement of such restrictions may be sought. If any provision contained in Section 9.1 hereof shall be adjudicated by a court of competent jurisdiction to be invalid or unenforceable because of its duration or geographic scope, then such provision shall be reduced by such court in duration or geographic scope or both to such extent as to make it valid and enforceable in the jurisdiction where such court is located, and in all other respects shall remain in full force and effect.

ARTICLE X

SUCCESSOR TO THE COMPANY

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

                  The Company shall require any successor, whether direct or indirect, and whether by purchase, merger, consolidation or otherwise, to all or substantially all of the business or properties and assets of the Company, to execute and deliver to the Executive, not later than the date of the consummation of any such purchase, merger, consolidation or other transaction, a written instrument in form and in substance reasonably satisfactory to the Executive and his legal counsel pursuant to which any such successor shall agree to assume and to perform on a timely basis or to cause to be performed on a timely basis all of the Company's covenants, agreements and obligations set 

forth in this Agreement (a "Successor Agreement"). The failure of the Company to cause any such successor to execute and deliver a Successor Agreement to the Executive shall (a) constitute a breach of the provisions of this Agreement by the Company and (b) be deemed to constitute a termination by the Executive of his employment hereunder (as of the date upon which any such successor shall succeed to all or substantially all of the business or properties and assets of the Company) for Good Reason.

ARTICLE XI

ATTORNEYS' FEES

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

                  In the event that any litigation shall arise between the Company and the Executive based, in whole or in part, upon this Agreement or any or all of the provisions contained herein, then, in any such event, the prevailing party in any such litigation shall be entitled to recover from the non-prevailing party, and shall be awarded by a court of competent jurisdiction, any and all reasonable fees and disbursements of trial and appellate counsel paid, incurred or suffered by such prevailing party as the result of, arising from, or in connection with, any such litigation.

ARTICLE XII

MISCELLANEOUS PROVISIONS

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

         12.1 GOVERNING LAW. This Agreement shall be governed by, and shall be construed and interpreted in accordance, with the laws of the State of Florida, without giving effect to the principles of the conflict of laws thereof.

         12.2 NOTICES. Any and all notices and other communications required or permitted to be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given when delivered by hand, or when delivered by mail, by registered or certified mail, postage prepaid, return receipt requested, to the respective parties at the following respective addresses:

If to the Company:       Cord Blood America, Inc.

                         9000 W. Sunset Boulevard

  Suite 400

  Los Angeles, CA 90069

If to the Executive:     Noah J. Anderson

                         9000 W. Sunset Boulevard

  Suite 400

  Los Angeles, CA 90069

or to such other address as either party may from time to time give written notice of to the other in accordance with the provisions of this Section 12.2.

         12.3 ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the Company and the Executive with respect to the subject matter hereof and supersedes all prior agreements, understandings, negotiations and arrangements, both oral and written, between the Company and the Executive with respect to such subject matter.

         12.4 AMENDMENTS. This Agreement may not be amended or modified in any manner, except by a written instrument executed by each of the Company and the Executive.

         12.5 BENEFITS; BINDING EFFECT. This Agreement shall be for the benefit of, and shall be binding upon, each of the Company and the Executive and their respective heirs, personal representatives, executors, legal representatives, successors and assigns.

         12.6 SEVERABILITY. The invalidity of any one or more of the words, phrases, sentences, clauses or sections contained in this Agreement shall not affect the enforceability of the remaining portions of this Agreement or any part hereof, all of which are inserted conditionally on their being valid in law. Except as otherwise provided in Section 9.3 above, if any one or more of the words, phrases, sentences, clauses or sections contained in this Agreement shall be declared invalid by any court of competent jurisdiction, then, in any such event, this Agreement shall be construed as if such invalid word or words, phrase or phrases, sentence or sentences, clause or clauses, or section or sections had not been inserted.

         12.7 NO WAIVERS. The waiver by either party of a breach or violation of any provision of this Agreement by any other party shall not operate nor be construed as a waiver of any subsequent breach or violation. The waiver by either party to exercise any right or remedy it or he may possess shall not operate nor be construed as a bar to the exercise of such right or remedy by such party upon the occurrence of any subsequent breach or violation.

         12.8 HEADINGS. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of any or all of the provisions hereof.

         12.9 COUNTERPARTS. This Agreement may be executed in any number of counterparts and by the separate parties in separate counterparts, each of which shall be deemed to constitute an original and all of which shall be deemed to constitute the one and the same instrument.

         IN WITNESS WHEREOF, each of the parties has executed and delivered this Agreement on the date first written above.

CORD BLOOD AMERICA, INC.

By:______________________________

  By:______________________________

   Matthew L. Schissler                   Sandra D. Smith

   Chairman & Chief Executive Officer     Chief Financial Officer

  

                   

EMPLOYEE:

___________________________________

Noah J. Anderson

Chief Technology Officer and President of Family Marketing, Inc.AGREEMENT FOR CONSULTING SERVICES

Exhibit 10.58

PYRENEES CAPITAL, LLC.

AGREEMENT FOR CONSULTING SERVICES

AGREEMENT made and entered into as of this 1st day of January 2006 (the “Agreement”), by and between Cord Blood America, Inc. (the “Company”), 9000 West Sunset Blvd., Suite 400, Los Angeles, CA 90069, and Pyrenees Capital, LLC, (Consultant), 7766 Firenze Ave, Los Angeles, CA 90046.

WHEREAS, the Company is in the business of Umbilical Cord Blood Banking and Storage, and

WHEREAS, the Consultant is in the business of providing business advice, management of product marketing services in the areas of direct to consumer sales, business to business channel development, strategic alliances, new product launches and customer service strategy, and the Company believes such experience is in its best interest to utilize, and

WHEREAS, the Company formally desires to engage Consultant to continue to provide such services in accordance with the terms and conditions hereinafter set forth;

Now, therefore, the Company and Consultant agree as follows:

1.

ENGAGEMENT. The Company agrees to engage Consultant and Consultant agrees to provide business advice, management, and product development and marketing services to the Company.

2.

TERM. The term of this agreement shall commence on the date hereof and shall continue for a period of one (1) year, and will automatically renew for a second (2) year, unless a 60 day written notice of cancellation is provided by either the Company or the Consultant.

3.

SERVICES. Consultant shall render advice and assistance to the Company on business related matters (the “Services”) and in connection therewith shall:

(a)

Attend meetings of the Company’s Board of Directors or Executive Committee (s) when so requested by the Company;

(b)

Attend meetings at the request of the Company and review, analyze and report on proposed business opportunities;

(c)

Consult with the Company concerning on-going strategic corporate planning and long-term corporate development policies, including any revision of the Company’s business plan;

(d)

Consult with, advise and assist the Company in identifying, studying and evaluating direct to consumer sales, business to business channel development, strategic 

1

alliances, new product launches and customer service strategy proposals, including the preparation of reports, outlines and studies thereon when advisable, and assist in negotiations and discussions pertaining thereto;

(e)

Assist the Company in obtaining technical and advisory assistance from other professionals where necessary or advisable;

(f)

Consult with, advise and assist the Company in the identification and selection of additional staff, employees and professional advisors and assist the Company in the evaluation, redeployment and/or retention of existing employees; and

(g)

Provide the Company with advice related to aforementioned activities.

In connection with the Services to be rendered by Consultant, Consultant shall report to the Board of Directors and CEO of the Company and shall consult with those individuals on behalf of the Company in connection with its obligations set forth above. Consultant agrees to make itself available through the services of its employee, Stephanie Schissler, to evaluate all proposals that relate to any business undertaken by the Company, subject to the limitations of Section 5 and 7 hereof.

Anything to the contrary herein notwithstanding, it is agreed that the Consultant’s Services will not include any services that constitute opinions or performance of work that is in the ordinary purview of a certified public accountant or attorney or any work that is the ordinary purview of a registered broker/dealer or in connection with or related to the offer or sale of securities of the Company in a capital raising transaction.

4.

COMPENSATION.

The Company shall cause to be issued to the Consultant, as a retainer for services rendered and for entering into this agreement, $10,000 per month. In addition, Ms. Schissler will receive stock option incentives as per Schedule A for rendering the services on behalf of Consultant. 

(a)

All reasonable out-of-pocket expenses incurred by the Consultant in the performance of the Services to be incurred hereunder shall be borne by the Company and paid upon submission of appropriate documentation thereof, provided, however, the expenses are within the Company’s budget which is to be provided to the Consultant by the Chief Financial Officer. Out of pocket expenses include marketing materials, postage, travel, advertising advances, and other expenses pertaining directly to the Company or any of its subsidiaries.

5.

BEST EFFORTS BASIS. Subject to Section 7 and the last sentence of Section 5 hereof, the Consultant agrees that it will at all times faithfully and to the best of its experience, ability and talents perform all the duties that may be required of it pursuant to the terms of this Agreement. The Company specifically acknowledges and agrees, however, that the Services to be rendered by Consultant shall be conducted on a “best-efforts” basis , provided, however, that Consultant cannot and does not guarantee that its 

2

efforts will have any impact on the Company’s business or that any subsequent corporate improvement will result from Consultant’s efforts.

6.

COMPANY’S RIGHT TO APPROVE TRANSACTION. The Company expressly retains the right to approve, in its sole discretion, each and every transaction introduced by Consultant that involves the Company as a party to any agreement. Consultant and the Company mutually agree that Consultant is not authorized to enter any agreement on behalf of the Company.

7.

NON-EXCLUSIVE SERVICES. The Company understands that Consultant is currently providing certain advisory and business development services to other individuals and entities and agrees that Consultant is not prevented or barred from rendering services of the same nature or a similar nature to any other individuals or entities and acknowledges that such Services may from time to time conflict with the timing of and the rendering of Consultant’s services. In addition, Consultant understands and agrees that the Company shall not be prevented or barred from retaining other persons or entities to provide services of the same or similar nature as those provided by Consultant. Notwithstanding anything else to the contrary in this Section 7, Consultant may not, during the term of this Agreement, accept or engage in any position or provide any services in any circumstance known by Consultant to be adverse or antagonistic to the Company, its business or prospects, financial or otherwise, or in any company, person or entity that is, directly or indirectly, in competition with the business of the Company or its affiliates. 

8.

INFORMATION REGARDING COMPANY. Consultant represents and warrants that it has received copies of the Company’s financial statements, all reports filed with the Securities and Exchange Commission and such other disclosure documents as requested by Consultant (collectively, the “Disclosure Documents”). Consultant represents that it has read the Disclosure Documents and has reviewed all such information with its legal, financial and investment advisors to the extent it deemed such review necessary or appropriate. Because of the Company’s financial condition and other factors, the receipt of capital stock of the Company as compensation under this Agreement involves a high degree of risk, including the risks that such stock may substantially decrease in value or have no value. Consultant acknowledges and accepts that risk. As a result, Consultant is cognizant of the financial condition and operations of the Company, has available full information concerning its affairs and has been able to evaluate the merits and risks of being compensated in common stock of the Company. Consultant represents and warrants to the Company that it has received from the Company and has otherwise had access to all information necessary to verify the accuracy of the information in the Disclosure Documents.

9.

CONSULTANT NOT AN AGENT OR EMPLOYEE. Consultant’s obligations under this Agreement consist solely of the services described herein. In no event shall Consultant be considered to be acting as an employee or agent of the Company or otherwise representing or binding the Company. For the purposes of this Agreement, Consultant is independent contractor. All final decisions with respect to acts of the Company or its affiliates, whether or not made pursuant to or in reliance on information 

3

or advice furnished by Consultant hereunder, shall be those of the Company or its affiliates and Consultant shall, under no circumstances, be liable for any expenses incurred or losses suffered by the Company as a consequence of such actions. Consultant agrees that all of its work product relating to the Services to be rendered pursuant to this agreement shall become the exclusive property of the Company. The parties acknowledge that the Services provided by Consultant hereunder are not in connection with the offering or sale of securities of the Company in a capital raising transaction, or to directly or indirectly promote or create a market for Company’s securities.

10.

REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company represents and warrants to Consultant, each such representation and warranty being deemed to be material, that:

(a)

The Company will cooperate fully and timely with consultant to enable Consultant to perform its obligations under this Agreement;

(b)

The Board of Directors and the Audit Committee of the Company in accordance with applicable law has duly authorized the execution and performance of this Agreement by the Company;

(c)

The performance by the Company of this Agreement will not violate any applicable court decree, law or regulation nor it will violate any provision of the organizational documents of the Company or any contractual obligation by which the Company may be bound;

(d)

Because Consultant will rely upon information being supplied it by the Company, all such information shall be true, accurate, complete and not misleading, in all material respects;

(e)

The shares of common stock of the Company to be issued to Ms. Schissler, if and when issued, will be duly and validly issued, fully paid, and non-assessable;

(f)

The Company will act diligently and promptly in reviewing materials submitted to it by Consultant to enhance timely distribution of such materials and will inform Consultant of any inaccuracies contained therein prior to dissemination;

(g)

The Services to be provided by Consultant to the Company hereunder are not in connection with or related to the offer or sale of securities of the Company in a capital raising transaction.

11.

REPRESENTATIONS AND WARRANTIES OF CONSULTANT. By virtue of the execution hereof, and in order to induce the Company to enter into this Agreement, Consultant hereby represents and warrants to the Company as follows:

(a)

It has full power and authority to enter into this Agreement, to enter into a consulting relationship with the Company and to otherwise perform this Agreement in the time and manner contemplated;

4

(b)

It has the requisite skill and experience to perform the services and to carry out and fulfill its duties and obligations hereunder;

(c)

The Services to be provided by Consultant to the Company hereunder are not in connection with or related to the offer or sale of securities of the Company in a capital raising transaction, or to directly or indirectly promote or create a market for Company’s securities.

(d)

Consultant is not an affiliate of or associated with any broker-dealers or associated with any finders.

12.

LIABILITY OF CONSULTANT. In furnishing the Company with management advice and other services as herein provided, Consultant shall not be liable to the Company or its creditors for errors of judgment or for anything except malfeasance or gross negligence in the performance of its duties or reckless disregard of the obligations and duties under the terms of this Agreement. It is further understood and agreed that Consultant may rely upon information furnished to it reasonably believed to be accurate and reliable and that, except as set forth herein in the first paragraph of this Section 12, Consultant shall not be accountable for any loss suffered by the Company by reason of the Company’s action or non-action on the basis of any advice, recommendation or approval of Consultant.

The parties further acknowledge that Consultant undertakes no responsibility for the accuracy of any statements to be made by management contained in press releases or other communications, including, but not limited to, filings with the Securities and Exchange Commission and the National Association of Securities Dealers, Inc.

13.

CONFIDENTIALITY. Until such time as the same may become publicly known, Consultant agrees that any information provided it by the Company, of a confidential nature will not be revealed or disclosed to any person or entities, except in the performance of this Agreement, and upon completion of the term of this Agreement and upon the written request of the Company, any original documentation provided by the Company will be returned to it. Consultant will, where it deems necessary, require confidentiality agreements from any associated persons where it reasonably believes they will come in contact with confidential material information of the Company.

14.

NOTICE. Any notice or demand required or permitted to be given under this Agreement shall be in writing and shall be deemed effective upon (a) the personal delivery thereof, (b) if mailed, three (3) days after having been deposited in the United States mails, postage prepaid, and addressed to the party to whom it is directed at the address set forth on the first page of this Agreement; or (c) when sent by confirmed telex or facsimile if sent during normal business hours of the recipient, if not, then on the next business day, to the address set forth on the first page of this Agreement, or such other address as a party may specify in accordance with the notice provisions of this paragraph.

15.

SUCCESSORS AND ASSIGNS. This Agreement shall inure to the benefit of and be binding upon the Company, its successors, and assigns, including, without limitation, 

5

any corporation which may acquire all or substantially all of the Company’s assets and business or into which the Company may be consolidated or merged and on Consultant and its heirs and administrators. The Company may assign this agreement to any successor in interest of the Company with the prior written consent of Consultant. Consultant may not sell, assign, transfer, convey, pledge or encumber this Agreement or its right, title or interest herein, without the prior written consent of the Company, this Agreement being intended to secure the personal services of Consultant.

16.

TERMINATION. Consultant agrees that the Company may terminate this Agreement at any time by providing 60 days prior written notice of termination to Consultant. Any notice of termination shall be effective, 60 days from receipt in accordance with Section 14 hereof. The Company agrees that Consultant may terminate this Agreement at any time by providing 60 days prior written notice of termination to the Company. Any notice of termination shall be effective, 60 days from receipt in accordance with Section 14 hereof.

17.

APPLICABLE LAW. This Agreement shall be deemed to be a contract made under the laws of the State of California, and for all purposes shall be construed in accordance with the laws of said state without regard to conflict of laws or principles.

18.

ARBITRATION. Any dispute or disagreement arising between the parties hereto in connection with this Agreement, which is not settled to the mutual satisfaction of the parties within thirty (30) days (or such longer period as may be mutually agreed upon) from the date that either party informs the other in writing that such dispute or disagreement exists, shall be submitted to arbitration in Las Angeles, California to a member of the American Arbitration Association (“AAA”) to be mutually appointed by the parties (or, in the event the parties cannot agree on a single such member, to a panel of three members selected in accordance with the rules of the AAA). The dispute or disagreement shall be settled in accordance with the Commercial Arbitration Rules of the AAA and the decision of the arbitrator(s) shall be final and binding upon the parties and judgment may be obtained thereon in a court of competent jurisdiction. The prevailing party shall be entitled to recover from the other party the fees and expenses of the arbitrator(s) as well as reasonable attorneys’ fees, costs and expenses incurred by the prevailing party.

The Company and Consultant each;

(i)

Agree that any legal suit, action or proceeding arising out of or relating to this Agreement shall be instituted exclusively in California State District Court, or in the United States District Court for the State of California,

(ii)

Waive any objection which the Company or Consultant may have now or hereafter to the venue of any such suit, action, or proceeding, and

(iii)

Give irrevocable consent to the jurisdiction of the California State District Court, and the United States District Court for the Sate of California in any such suit, action or proceeding.

6

19.

OTHER AGREEMENTS. This Agreement supersedes all prior understandings and agreements between the parties. This Agreement may not be amended orally, but only by writing signed by the parties hereto.

20.

NON-WAIVER. No delay or failure by either party in exercising any right under this Agreement, and no partial or single exercise of that right shall constitutes a waiver of that or any other right.

21.

HEADING. Headings in this Agreement are for convenience only and shall not be used to interpret or construe its provisions.

22.

COUNTERPARTS. This Agreement may be executed in two counterparts, each of which shall be deemed an original, but both of which together shall constitute one and the same instrument.

23.

CONTRACT ACCEPTANCE. This agreement shall become null and void if not accepted by the Company no later than, 2:00 P.M. EST January 3, 2006.

In Witness Whereof, the parties hereto have executed this Agreement the day and year first above written.

Cord Blood America, Inc.

By:_________________________________________

Matthew L. Schissler, Chief Executive Officer

By: _________________________________________

Sandra Smith, Chief Financial Officer

Pyrenees Capital, LLC

By: _________________________________________

Stephanie Schissler

Title: _______________________

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}]]