Document:

EXHIBIT 10.23

                           PLEDGE AND ESCROW AGREEMENT

         THIS PLEDGE AND ESCROW AGREEMENT (the "Agreement") is made and entered
into as of April 27, 2005 (the "Effective Date") by and among CORNELL CAPITAL
PARTNERS, LP (the "Pledgee"), CORD BLOOD AMERICA, INC., a Florioda corporation
(the "Company"), Matthew L. Schissler and Stephanie A. Schissler (collectively
the "Pledgor") and DAVID GONZALEZ, ESQ., as escrow agent ("Escrow Agent").

                                    RECITALS:

         WHEREAS, in order to secure the full and prompt payment when due
(whether at the stated maturity, by acceleration or otherwise) of all of the
Company's obligations (the "Obligations") to the Pledgee or any successor to the
Pledgee under this Agreement, the Promissory Notes (the "Promissory Notes")
issued or to be issued by the Company to the Pledgee, either now or in the
future, up to a total of Three Hundred Fifty Thousand ($350,000) of principal,
plus any interest, costs, fees, and other amounts owed to the Pledgee
thereunder, and all other contracts entered into between the parties hereto
(collectively, the "Transaction Documents"), the Pledgor has agreed to
irrevocably pledge to the Pledgee a total of Eighteen Million Nine Hundred Forty
Four Thousand Three Hundred Three (18,944,313) shares (the "Pledged Shares") of
common stock of the Company beneficially owned by the Pledgor in the amounts set
forth next to each Pledgor's name on the signature page hereto.

         NOW, THEREFORE, in consideration of the mutual covenants, agreements,
warranties, and representations herein contained, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

                              TERMS AND CONDITIONS

         1. PLEDGE AND TRANSFER OF PLEDGED SHARES. The Pledgor hereby grants to
Pledgee an irrevocable, first priority security interest in all Pledged Shares
as security for the Company's obligations under the Transaction Documents. On or
before the closing of the Transaction Documents, the Pledgor shall deliver to
the Escrow Agent stock certificates representing the Pledged Shares, together
with duly executed stock powers or other appropriate transfer documents with
medallion bank guarantees and executed in blank by the Pledgor (the "Transfer
Documents"), and such stock certificates and Transfer Documents shall be held by
the Escrow Agent until the full payment of all Obligations due to the Pledgee
under the Transaction Documents, including the repayment of all amounts owed by
the Company to the Pledgee under the Promissory Notes (whether outstanding
principal, interest, legal fees, or any other amounts owed to the Pledgee by the
Company).

         2. RIGHTS RELATING TO PLEDGED SHARES. Upon the occurrence of an Event
of Default (as defined herein), the Pledgee shall be entitled to vote the
Pledged Shares, receive dividends and other distributions thereon, and enjoy all
other rights and privileges incident to the ownership of the number of Pledged
Shares actually released from escrow in accordance with Section 5.1 hereof.

<PAGE>

         3. RELEASE OF PLEDGED SHARES FROM PLEDGE. Upon the full payment of all
Obligations due to the Pledgee under the Transaction Documents, including the
repayment of all amounts owed by the Company to the Pledgee under the Promissory
Notes (whether outstanding principal, interest, legal fees, and any other
amounts owed to the Pledgee by the Company), the parties hereto shall notify the
Escrow Agent to such effect in writing. Promptly upon receipt of such written
notice, the Escrow Agent shall return to the Pledgor the Transfer Documents and
the certificates representing the Pledged Shares (collectively the "Pledged
Materials"), whereupon any and all rights of Pledgee in the Pledged Materials
shall be terminated.

         4. EVENT OF DEFAULT. An "Event of Default" shall be deemed to have
occurred under this Agreement upon an Event of Default as defined in Section 11
of the Promissory Note.

         5. REMEDIES. Upon and anytime after the occurrence of an Event of
Default, the Pledgee shall have the right to provide written notice of such
Event of Default (the "Default Notice") to the Escrow Agent, with a copy to the
Pledgor. As soon as practicable after receipt of the Default Notice, the Escrow
Agent shall deliver to Pledgee the Pledged Materials held by the Escrow Agent
hereunder. Upon receipt of the Pledged Materials, the Pledgee shall have the
right to (i) sell the Pledged Shares and to apply the proceeds of such sales,
net of any selling commissions, to the Obligations owed to the Pledgor by the
Company under the Transaction Documents, including, without limitation,
outstanding principal, interest, legal fees, and any other amounts owed to the
Pledgee, and exercise all other rights and (ii) any and all remedies of a
secured party with respect to such property as may be available under the
Uniform Commercial Code as in effect in the State of New Jersey. To the extent
that the net proceeds received by the Pledgee are insufficient to satisfy the
Obligations in full, the Pledgee shall be entitled to a deficiency judgment
against the Pledgor or the Company for such amount. The Pledgee shall have the
absolute right to sell or dispose of the Pledged Shares in any manner it sees
fit and shall have no liability to the Pledgor, the Company or any other party
for selling or disposing of such Pledged Shares even if other methods of sales
or dispositions would or allegedly would result in greater proceeds than the
method actually used. The Escrow Agent shall have the absolute right to disburse
the Pledged Shares to the Pledgee in batches not to exceed 9.9% of the
outstanding capital of the Company (which limit may be waived by the Pledgee
providing not less than 65 days' prior written notice to the Escrow Agent). The
Pledgee shall return any Pledged Shares released to it and remaining after the
Pledgee has applied the net proceeds to all amounts owed to the Pledgee.

         Each right, power and remedy of the Pledgee provided for in this
Agreement or any other Transaction Document shall be cumulative and concurrent
and shall be in addition to every other such right, power or remedy. The
exercise or beginning of the exercise by the Pledgee of any one or more of the
rights, powers or remedies provided for in this Agreement or any other
Transaction Document or now or hereafter existing at law or in equity or by
statute or otherwise shall not preclude the simultaneous or later exercise by
the Pledgee of all such other rights, powers or remedies, and no failure or
delay on the part of the Pledgee to exercise any such right, power or remedy
shall operate as a waiver thereof. No notice to or demand on the Pledgor in any
case shall entitle it to any other or further notice or demand in similar or
other circumstances or constitute a waiver of any of the rights of the Pledgee
to any other further action in any circumstances without demand or notice. The
Pledgee shall have the full power to enforce or to assign or contract is rights
under this Agreement to a third party.

                                       2
<PAGE>

         6.       REPRESENTATIONS, WARRANTIES AND COVENANTS.
                  ------------------------------------------

                  6.1 The Pledgor represents, warrants and covenants that:

                                    (i) the Pledgor is, and at the time when
pledged hereunder will be, the legal, beneficial and record owner of, and has
(and will have) good and valid title to, all Pledged Shares pledged by the
Pledgor hereunder, subject to no pledge, lien, mortgage, hypothecation, security
interest, charge, option or other encumbrance whatsoever;

                                    (ii) the Pledgor has full power, authority
and legal right to pledge all the Pledged Shares pledged by the Pledgor pursuant
to this Agreement; and

                                    (iii) all the Pledged Shares have been duly
and validly issued, are fully paid and non-assessable and are subject to no
options to purchase or similar rights.

                 6.2 The Pledgor covenants and agrees that it will take all
reasonable steps to defend the Pledgee's right, title and security interest in
and to the Pledged Shares and the proceeds thereof against the claims and
demands of all persons whomsoever (other than the Pledgee and the Escrow Agent);
and the Pledgor covenants and agrees that it will have like title to and right
to pledge any other property at any time hereafter pledged to the Pledgee as
Collateral hereunder and will likewise take all reasonable steps to defend the
right thereto and security interest therein of the Pledgee.

                  6.3 The Pledgor covenants and agrees that it will take no
action which would violate or be inconsistent with any of the terms of any
Transaction Document, or which would have the effect of impairing the position
or interests of the Pledgee under any Transaction Document.

                  6.4 The Pledgor represents, warrants and covenants that (i)
the Pledgor acquired 16,100,000 shares of Common Stock on March 31, 2004 in
exchange for the Pledgor's shares of Cord Partners, Inc. in connection with a
reverse merger in which the company acquired Cord Partners, Inc., of which
15,820,000 have been pledged to the Pledgee hereunder (ii) the Pledgor has owned
its shares of Cord Partners, Inc. since its inception in January 2003, (iii)
with respect to Matthew Schissler, the Pledgor acquired 3,124,313 of the Pledged
Shares in exchange for his shares of Career Channel, Inc. in connection with the
Company's acquisition of 100% of the outstanding shares of Career Channel, Inc.,
in February 2005, and (iv) this Agreement is made with recourse. Upon an Event
of Default, the Pledgee shall be deemed to have acquired the Pledged Shares on
the date they were acquired by the Pledgor. The Pledgor is an "affiliate" of the
Company, as such term is defined in Rule 144(a) promulgated under the Securities
Act of 1933, as amended.

         7.       CONCERNING THE ESCROW AGENT.
                  ----------------------------

                  7.1. The Escrow Agent undertakes to perform only such duties
as are expressly set forth herein and no implied duties or obligations shall be
read into this Agreement against the Escrow Agent.

                                       3
<PAGE>

                  7.2. The Escrow Agent may act in reliance upon any writing or
instrument or signature which it, in good faith, believes to be genuine, may
assume the validity and accuracy of any statement or assertion contained in such
a writing or instrument, and may assume that any person purporting to give any
writing, notice, advice or instructions in connection with the provisions hereof
has been duly authorized to do so. The Escrow Agent shall not be liable in any
manner for the sufficiency or correctness as to form, manner, and execution, or
validity of any instrument deposited in this escrow, nor as to the identity,
authority, or right of any person executing the same; and its duties hereunder
shall be limited to the safekeeping of such certificates, monies, instruments,
or other document received by it as such escrow holder, and for the disposition
of the same in accordance with the written instruments accepted by it in the
escrow.

                  7.3. Pledgee and the Pledgor hereby agree, to defend and
indemnify the Escrow Agent and hold it harmless from any and all claims,
liabilities, losses, actions, suits, or proceedings at law or in equity, or any
other expenses, fees, or charges of any character or nature which it may incur
or with which it may be threatened by reason of its acting as Escrow Agent under
this Agreement; and in connection therewith, to indemnify the Escrow Agent
against any and all expenses, including attorneys' fees and costs of defending
any action, suit, or proceeding or resisting any claim (and any costs incurred
by the Escrow Agent pursuant to Sections 6.4 or 6.5 hereof). The Escrow Agent
shall be vested with a lien on all property deposited hereunder, for
indemnification of attorneys' fees and court costs regarding any suit,
proceeding or otherwise, or any other expenses, fees, or charges of any
character or nature, which may be incurred by the Escrow Agent by reason of
disputes arising between the makers of this escrow as to the correct
interpretation of this Agreement and instructions given to the Escrow Agent
hereunder, or otherwise, with the right of the Escrow Agent, regardless of the
instructions aforesaid, to hold said property until and unless said additional
expenses, fees, and charges shall be fully paid. Any fees and costs charged by
the Escrow Agent for serving hereunder shall be paid by the Pledgor.

                  7.4. If any of the parties shall be in disagreement about the
interpretation of this Agreement, or about the rights and obligations, or the
propriety of any action contemplated by the Escrow Agent hereunder, the Escrow
Agent may, at its sole discretion deposit the Pledged Materials with the Clerk
of the United States District Court of New Jersey, sitting in Newark, New
Jersey, and, upon notifying all parties concerned of such action, all liability
on the part of the Escrow Agent shall fully cease and terminate. The Escrow
Agent shall be indemnified by the Pledgor, the Company and Pledgee for all
costs, including reasonable attorneys' fees in connection with the aforesaid
proceeding, and shall be fully protected in suspending all or a part of its
activities under this Agreement until a final decision or other settlement in
the proceeding is received.

                  7.5. The Escrow Agent may consult with counsel of its own
choice (and the costs of such counsel shall be paid by the Pledgor and Pledgee)
and shall have full and complete authorization and protection for any action
taken or suffered by it hereunder in good faith and in accordance with the
opinion of such counsel. The Escrow Agent shall not be liable for any mistakes
of fact or error of judgment, or for any actions or omissions of any kind,
unless caused by its willful misconduct or gross negligence.

                                       4
<PAGE>

                  7.6. The Escrow Agent may resign upon ten (10) days' written
notice to the parties in this Agreement. If a successor Escrow Agent is not
appointed within this ten (10) day period, the Escrow Agent may petition a court
of competent jurisdiction to name a successor.

                  7.7. Conflict Waiver. The Pledgor hereby acknowledges that the
Escrow Agent is general counsel to the Pledgee, a partner in the general partner
of the Pledgee, and counsel to the Pledgee in connection with the transactions
contemplated and referred herein. The Pledgor agrees that in the event of any
dispute arising in connection with this Agreement or otherwise in connection
with any transaction or agreement contemplated and referred herein, the Escrow
Agent shall be permitted to continue to represent the Pledgee and the Pledgor
will not seek to disqualify such counsel and waives any objection Pledgor might
have with respect to the Escrow Agent acting as the Escrow Agent pursuant to
this Agreement.

                  7.8. Notices. Unless otherwise provided herein, all demands,
notices, consents, service of process, requests and other communications
hereunder shall be in writing and shall be delivered in person or by overnight
courier service, or mailed by certified mail, return receipt requested,
addressed:

If to the Company, to:            Cord Blood America, Inc.
                                  9000 W. Sunset Boulevard, Suite 4000
                                  Los Angeles, CA 90069
                                  Attention:        Matthew Schissler
                                  Telephone:        (310) 432-4090
                                  Facsimile:        (310) 432-4098

With a copy to:                   Kirkpatrick & Lockhart Nicholson Graham, LLP
                                  201 South Biscayne Boulevard, Suite 2000
                                  Miami, Florida 33131
                                  Attention:        Clayton E. Parker, Esq.
                                  Telephone:        (305) 539-3306
                                  Facsimile:        (305) 328-7095

If to the Pledgee:                Cornell Capital Partners LP
                                  101 Hudson Street, Suite 3700
                                  Jersey City, NJ 07302
                                  Attention:        Mark A. Angelo
                                  Telephone:        (201) 985-8300
                                  Facsimile:        (201) 985-8744

With copy to:                     Cornell Capital Partners, LP
                                  101 Hudson Street, Suite 3700
                                  Jersey City, NJ 07302
                                  Attention:        Troy J. Rillo, Esquire
                                  Telephone:        (201) 985-8300
                                  Facsimile:        (201) 985-1964

                                       5
<PAGE>

If to the Pledgor, to:            Cord Blood America, Inc.
                                  9000 W. Sunset Boulevard, Suite 4000
                                  Los Angeles, CA 90069
                                  Attention:        Matthew Schissler
                                  Telephone:        (310) 432-4090
                                  Facsimile:        (310) 432-4098

Any such notice shall be effective (a) when delivered, if delivered by hand
delivery or overnight courier service, or (b) five (5) days after deposit in the
United States mail, as applicable.

         8. BINDING EFFECT. All of the covenants and obligations contained
herein shall be binding upon and shall inure to the benefit of the respective
parties, their successors and assigns.

         9. GOVERNING LAW; VENUE; SERVICE OF PROCESS. The validity,
interpretation and performance of this Agreement shall be determined in
accordance with the laws of the State of New Jersey applicable to contracts made
and to be performed wholly within that state except to the extent that Federal
law applies. The parties hereto agree that any disputes, claims, disagreements,
lawsuits, actions or controversies of any type or nature whatsoever that,
directly or indirectly, arise from or relate to this Agreement, including,
without limitation, claims relating to the inducement, construction, performance
or termination of this Agreement, shall be brought in the state superior courts
located in Hudson County, New Jersey or Federal district courts located in
Newark, New Jersey, and the parties hereto agree not to challenge the selection
of that venue in any such proceeding for any reason, including, without
limitation, on the grounds that such venue is an inconvenient forum. The parties
hereto specifically agree that service of process may be made, and such service
of process shall be effective if made, pursuant to Section 8 hereto.

         10. ENFORCEMENT COSTS. If any legal action or other proceeding is
brought for the enforcement of this Agreement, or because of an alleged dispute,
breach, default or misrepresentation in connection with any provisions of this
Agreement, the successful or prevailing party or parties shall be entitled to
recover reasonable attorneys' fees, court costs and all expenses even if not
taxable as court costs (including, without limitation, all such fees, costs and
expenses incident to appeals), incurred in that action or proceeding, in
addition to any other relief to which such party or parties may be entitled.

         11. REMEDIES CUMULATIVE. No remedy herein conferred upon any party is
intended to be exclusive of any other remedy, and each and every such remedy
shall be cumulative and shall be in addition to every other remedy given
hereunder or now or hereafter existing at law, in equity, by statute, or
otherwise. No single or partial exercise by any party of any right, power or
remedy hereunder shall preclude any other or further exercise thereof.

         12. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute the same instrument.

                                       6
<PAGE>

         13. NO PENALTIES. No provision of this Agreement is to be interpreted
as a penalty upon any party to this Agreement.

         14. JURY TRIAL. EACH OF THE PLEDGEE AND THE PLEDGOR HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVES THE RIGHT WHICH IT MAY HAVE TO A TRIAL BY
JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION BASED HEREON, OR ARISING
OUT OF, UNDER OR IN ANY WAY CONNECTED WITH THE DEALINGS BETWEEN PLEDGEE AND
PLEDGOR, THIS PLEDGE AND ESCROW AGREEMENT OR ANY DOCUMENT EXECUTED IN CONNECTION
HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL
OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO OR THERETO IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR
OTHERWISE.

                           [SIGNATURE PAGE TO FOLLOW]

                                       7
<PAGE>

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

                           CORNELL CAPITAL PARTNERS, LP

                           By:      Yorkville Advisors, LLC
                           Its:     General Partner

                           By:
                              ----------------------------------------
                           Name:    Mark Angelo
                           Title:   Portfolio Manager

                           PLEDGOR

                           Matthew L. Schissler
                           10,894,313 Shares

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

                           Stephanie A. Schissler
                           8,050,000 Shares

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

                           CORD BLOOD AMERICA, INC.

                           By:
                           Name:     Matthew Schissler
                           Title: Chairman and Chief Executive Officer

                           ESCROW AGENT

                           By:
                              -----------------------------------------
                           Name:    David Gonzalez, Esq.

         FOR VALUE RECEIVED, the Pledgor hereby unconditionally and absolutely
guarantees the Company's Obligations (as defined above). This Agreement is made
with recourse.

Matthew L. Schissler                         Stephanie A. Schissler

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

                                       8EXHIBIT 10.24

                               EXCHANGE AGREEMENT

         THIS EXCHANGE AGREEMENT is entered into as of April 30, 2005 by and
among CORD BLOOD AMERICA, INC., a Florida corporation ("CBA"), FAMILY MARKETING
LLC, a Delaware limited liability company (the "Shareholder"), and FAMILY
MARKETING, INC., a Nevada corporation ("FMI").

                                    RECITALS:

         WHEREAS, the respective managements of each of CBA and FMI have
determined that it is in the best interests of the parties that CBA acquire 100%
of the issued and outstanding shares of common stock of FMI in exchange for the
issuance of a certain number of shares of common stock of CBA to the Shareholder
on the terms set forth in this Exchange Agreement (the "Exchange");

         WHEREAS, the Shareholder desires to exchange its shares of common stock
of FMI for shares of common stock of CBA pursuant to the Exchange; and

         WHEREAS, CBA, FMI and the Shareholder desire to set forth in this
Exchange Agreement (the "Agreement") the terms of exchange, which is intended to
constitute a tax-free reorganization pursuant to the provisions of Section
368(a)(1)(B) of the Internal Revenue Code of 1986;

         NOW THEREFORE, in consideration of the recitals and the respective
representations, warranties, covenants and agreements of the parties set forth
herein, each of the parties agrees as follows:

                                    ARTICLE 1
                                PLAN OF EXCHANGE

         1.01     THE EXCHANGE.
                  -------------

                  (a)      The Shareholder hereby assigns, transfers and conveys
                           to CBA, free and clear of all liens, pledges,
                           encumbrances, charges, restrictions or claims of any
                           kind, nature, or description, 100 shares of common
                           stock of FMI , constituting 100% of the issued and
                           outstanding shares of common stock of FMI, with the
                           objective of such Exchange being the acquisition by
                           CBA of 100% of the issued and outstanding shares of
                           common stock of FMI.

                  (b)      In exchange for the transfer of the shares of common
                           stock of FMI by the Shareholder, CBA is issuing and
                           transferring to the Shareholder 95,200 shares of
                           common stock of CBA (the "Shares").

<PAGE>

                  (c)      Payment of $3,555.15 to Family Marketing, LLC. within
                           30 days of a fully executed agreement. This
                           constitutes remaining balance of out of pocket
                           expenses to be reimbursed.

                  (d)      Simultaneously with the execution and delivery of
                           this Agreement, the Shareholder is delivering to CBA
                           the certificate or certificates representing all of
                           its shares of common stock of FMI. As soon as
                           practical after the date of this Agreement, CBA shall
                           issue to the Shareholder a certificate evidencing its
                           interest in the Shares.

                  (e)      Upon execution of the Buy/Sell agreement between Cord
                           Blood America and Family, Marketing LLC., in addition
                           to the previously noted assets to which are being
                           acquired, Family Marketing, Inc. has been granted by
                           Gecko Media,Inc. a nonexclusive, worldwide, perpetual
                           license to use, adapt, edit, and display the Gecko
                           Media Lead System, and Gecko Media, Inc. acknowledges
                           that it has the authority to grant such rights to
                           Family Marketing, Inc. Family Marketing, Inc. agrees
                           not to sell, publish or distribute the Gecko Media
                           Lead System (in both object and source code formats)
                           without first obtaining written permission from Gecko
                           Media, Inc. Gecko Media, Inc. does not warrant that
                           the Gecko Media Lead System will operate error-free.
                           The Gecko Media Lead System is provided on an 'AS IS'
                           basis without any warranties of any kind. In no event
                           shall Gecko Media,Inc. be liable for any damages
                           whatsoever (Including, without limitation,incidental
                           and consequential damages, lost profits, or damages
                           resulting from lost data or business interruption)
                           resulting from the use or inability to use the lead
                           system or the code, whether based on warranty,
                           contract,tort, or any other legal theory, and whether
                           or not Gecko Media, Inc. is advised of the
                           possibility of such damages. Gecko Media, Inc.
                           recognizes that all consumer data (leads) collected,
                           either with or without the use of the Gecko Media
                           Lead System (in both object and source code formats)
                           is the sole property of Family Marketing, Inc. its
                           subsidiaries or parent companies if any. Gecko Media,
                           Inc. agrees that it will not copy, solicit, divert
                           and/or remarke to any consumer data (leads) or
                           information collected by Family Marketing, Inc for
                           its own .

                                       2
<PAGE>

                                   ARTICLE II
             REPRESENTATIONS, WARRANTIES, COVENANTS, AND AGREEMENTS
             ------------------------------------------------------
                                 CONCERNING FMI
                                 --------------

         In order to induce CBA to execute and deliver this Agreement, and to
perform its obligations hereunder, each of the Shareholder and FMI, jointly and
severally, represents and warrants to CBA, and covenants and agrees with CBA, as
follows:

         2.01     ORGANIZATION. FMI is a corporation duly organized, validly
                  existing, and in good standing under the laws of the State of
                  Florida and has the corporate power and is duly authorized,
                  qualified, franchised, and licensed under all applicable laws,
                  regulations, ordinances, and orders of public authorities to
                  own all of its properties and assets and to carry on its
                  business in all material respects as it is now being
                  conducted, including qualifications to do business as a
                  foreign corporation in the states and countries in which the
                  charter and location of the assets owned by it or the nature
                  of the business transacted by it requires qualification,
                  except where failure to be so qualified would not have a
                  material adverse effect on its business. True, complete and
                  correct copies of the articles of incorporation and bylaws of
                  FMI as in effect on the date hereof have previously been
                  delivered to CBA. The execution and delivery of this Agreement
                  does not, and the consummation of the transactions
                  contemplated hereby will not, violate any provision of FMI's
                  articles of incorporation or bylaws. FMI has taken all actions
                  required by law, its articles of incorporation, or otherwise
                  to authorize the execution and delivery of this Agreement. FMI
                  has full power, authority, and legal right and has taken all
                  action required by law, its articles of incorporation, and
                  otherwise to consummate the transactions herein contemplated.

         2.02     CAPITALIZATION. The authorized capital of FMI consists of
                  10,000 shares of common stock, no par value, of which 100
                  shares are currently issued and outstanding. All issued and
                  outstanding shares of common stock of FMI are legally issued,
                  fully paid, and non-assessable and not issued in violation of
                  the preemptive and other rights of any person

         2.03     FINANCIAL AND TAX INFORMATION.

                  (a)      FMI has never filed a federal or state income tax
                           return.

                  (b)      FMI has no liabilities with respect to the payment of
                           any federal, state, county, or local or other taxes
                           (including any deficiencies, interest or penalties),
                           except for taxes accrued but not yet due and payable.

                  (c)      The books and records, financial and otherwise, of
                           FMI are in all material respects complete and correct
                           and have been maintained in accordance with good
                           business and accounting practices.

                  (d)      FMI has no material liabilities, direct or indirect,
                           matured or unmatured, contingent or otherwise.

                                       3
<PAGE>

         2.04     INFORMATION. The information concerning FMI set forth in this
                  Agreement is complete and accurate in all material respects
                  and does not contain any untrue statement of a material fact
                  or omit to state a material fact required to make the
                  statement made, in light of the circumstances under which it
                  was made, not misleading. In addition, FMI has fully disclosed
                  in writing to CBA all information relating to matters
                  involving FMI or its assets or its present or past operations
                  or activities which (i) indicated or may indicate, in the
                  aggregate, the existence of a greater than $25,000 liabiltiy
                  or diminution in value, (ii) have led or may lead to a
                  competitive disadvantage on the part of FMI or (iii) either
                  alone or in aggregation with other information covered by this
                  Section, otherwise have led or may lead to a material adverse
                  effect on the transactions contemplated herein or on FMI, its
                  assets, or its operations or activities as presently conducted
                  or as contemplated to be conducted after the date hereof,
                  including, but not limited to, information relating to
                  governmental, employee, environmental, litigation and
                  securities matters and transactions with affiliates.

         2.05     OPTIONS OR WARRANTS. There are no options, warrants, calls, or
                  commitments of any character relating to the authorized and
                  unissued FMI common stock.

         2.06     ABSENCE OF CERTAIN CHANGES OR EVENTS. Except as set forth in
                  this Agreement or otherwise disclosed in writing to CBA, since
                  April 30, 2005:

                  (a)      There has not been (i) any material adverse change in
                           the business, operations, properties, assets, or
                           condition of FMI or (ii) any damage, destruction, or
                           loss to FMI (whether or not covered by insurance)
                           materially and adversely affecting the business,
                           operations, properties, assets, or condition of FMI;

                  (b)      FMI has not (i) amended its articles of incorporation
                           or bylaws; (ii) declared or made, or agreed to
                           declare or make, any payment of dividends or
                           distributions of any assets of any kind whatsoever to
                           stockholders or purchased or redeemed, or agreed to
                           purchase or redeem, any of its capital stock; (ii)
                           waived any rights of value which in the aggregate are
                           outside of the ordinary course of business or
                           material considering the business of FMI; (iv) made
                           any material change in its methods of management,
                           operation or accounting; (v) entered into any other
                           material transaction other than sales in the ordinary
                           course of its business; (vi) made any accrual or
                           arrangement for payment of bonuses or special
                           compensation of any kind or any severance or
                           termination pay to any present or former officer or
                           employee; (vii) increased the rate of compensation
                           payable or to become payable by it to any officers or
                           directors or any of its salaried employees whose
                           monthly compensation exceeds $1,000; or (viii) made
                           any increase in any profit sharing, bonus, deferred
                           compensation, insurance, pension, retirement, or
                           other employee benefit plan, payment, or arrangement

                                       4
<PAGE>

                           made to, for, or with its officers, directors, or
                           employees.

                  (c)      FMI has not (i) borrowed or agreed to borrow any
                           funds or incurred, or become subject to, any material
                           obligation or liability (absolute or contingent)
                           except as disclosed herein and except liabilities
                           incurred in the ordinary course of business; (ii)
                           paid or agreed to pay any material obligations or
                           liability (absolute or contingent) other than current
                           liabilities reflected in or shown on the most recent
                           FMI balance sheet, and current liabilities incurred
                           since that date in the ordinary course of business
                           and professional and other fees and expenses in
                           connection with the preparation of this Agreement and
                           the consummation of the transactions contemplated
                           hereby; (iii) sold or transferred, or agreed to sell
                           or transfer, any of its assets, properties, or rights
                           (except assets, properties, or rights not used or
                           useful in its business which, in the aggregate have a
                           value of less than $1,000), or canceled, or agreed to
                           cancel, any debts or claims (except debts or claims
                           which the aggregate are of a value of less than
                           $1,000); (iv) made or permitted any amendment or
                           termination of any contract, agreement, or license to
                           which it is a party if such amendment or termination
                           is material, considering the business of FMI; or (v)
                           issued, delivered, or agreed to issue or deliver any
                           stock, bonds or other corporate securities including
                           debentures (whether authorized and unissued or held
                           as treasury stock); and

                  (d)      to the best knowledge of FMI, FMI has not become
                           subject to any law or regulation which materially and
                           adversely affects, or in the future may adversely
                           affect the business, operations, properties, assets,
                           or condition of FMI.

         2.07     TITLE AND RELATED MATTERS. FMI has good and marketable title
                  to all of its properties and assets, real and personal, which
                  are reflected in the most recent FMI balance sheet or acquired
                  after that date (except properties and assets sold or
                  otherwise disposed of since such date in the ordinary course
                  of business), free and clear of all liens, pledges, charges,
                  or encumbrances except (a) statutory liens or claims not yet
                  delinquent and (b) such imperfections of title and easements
                  as do not and will not materially detract from or interfere
                  with the present or proposed use of the properties subject
                  hereto or affected thereby or otherwise materially impair
                  present business operations on such properties. FMI owns, free
                  and clear of any liens, claims, encumbrances, royalty
                  interests, or other restrictions or limitations of any nature
                  whatsoever, any and all products and services it is currently
                  providing, including the underlying technology and data, and
                  all procedures, techniques, marketing plans, business plans,
                  methods of management, or other information utilized in
                  connection with FMI's business. No third party has any right
                  to, and FMI has not received any notice of infringement of or
                  conflict with asserted rights of others with respect to any

                                       5
<PAGE>

                  product, technology, data, trade secrets, know-how, propriety
                  techniques, trademarks, service marks, trade names, or
                  copyrights which, individually or in the aggregate, if the
                  subject of an unfavorable decision, ruling or finding, would
                  have a materially adverse effect on the business, operations,
                  financial condition, income, or business prospects of FMI or
                  any material portion of its properties, assets, or rights.

         2.08     LITIGATIONS AND PROCEEDINGS. There are no actions, suits,
                  proceedings, or investigations pending or, to the knowledge of
                  FMI after reasonable investigation, threatened by or against
                  FMI or affecting FMI or its properties and assets, at law or
                  in equity, before any court or other governmental agency or
                  instrumentality , domestic or foreign, or before any
                  arbitrator of any kind. FMI does not have any knowledge of any
                  material default on its part with respect to any judgment,
                  order, injunction, decree, award, rule or regulation of any
                  court, arbitrator, or governmental agency or instrumentality.

         2.09     MATERIAL AGREEMENTS.
                  --------------------

                  (a)      Except for that certain Contribution and Royalty
                           Agreement dated April 22, 2005 by and between the
                           Shareholder and FMI, there are no "material"
                           contracts, agreements, franchises, licenses, license
                           agreements, debt instruments or other commitments to
                           which FMI is a party or by which it or any of its
                           assets, products, technology, or properties are bound
                           other than those incurred in the ordinary course of
                           business (as used in this Agreement, a "material"
                           contract, agreement, franchise, license agreement,
                           debt instrument or commitment is one which (i) will
                           remain in effect for more than six (6) months after
                           the date of this Agreement or (ii) involves aggregate
                           obligations of at least fifty thousand dollars
                           ($50,000));

                  (b)      All contracts, agreements, franchises, license
                           agreements, and other commitments to which FMI is a
                           party or by which its properties are bound and which
                           are material to the operations of FMI taken as a
                           whole are valid and enforceable by FMI in all
                           respects, except as limited by bankruptcy and
                           insolvency laws and by other laws affecting the
                           rights of creditors generally;

                  (c)      FMI is not a party to or bound by, and the properties
                           of FMI are not subject to any contract, agreement,
                           other commitment or instrument; any charter or other
                           corporate restriction; or any judgment, order, writ,
                           injunction, decree, or award which materially and
                           adversely affects, the business operations,
                           properties, assets, or condition of FMI; and

                  (d)      Except as previously disclosed in writing to CBA, FMI
                           is not a party to any oral or written (i) contract
                           for the employment of any officer or employee which

                                       6
<PAGE>

                           is not terminable on 30 days or less notice; (ii)
                           profit sharing, bonus, deferred compensation, stock
                           option, severance pay, pension benefit or retirement
                           plan, (iii) agreement, contract or indenture relating
                           to the borrowing of money, (iv) guaranty of any
                           obligation, other than one on which FMI is a primary
                           obligor, for the borrowing of money or otherwise,
                           excluding endorsements made for collection and other
                           guaranties of obligations which, in the aggregate do
                           not exceed more than one year or providing for
                           payments in excess of $25,000 in the aggregate; (vi)
                           collective bargaining agreement; or (vii) agreement
                           with any present or former officer or director of
                           FMI.

         2.10               MATERIAL CONTRACT DEFAULTS. FMI is not in default in
                            any material respect under the terms of any
                            outstanding contract, agreement, lease, or other
                            commitment which is material to the business,
                            operations, properties, assets or condition of FMI.

         2.11               NO CONFLICT WITH OTHER INSTRUMENTS. The execution of
                            this Agreement and the consummation of the
                            transactions contemplated by this Agreement will not
                            result in the breach of any term or provision of,
                            constitute an event of default under, or terminate,
                            accelerator modify the terms of, any material
                            indenture, mortgage, deed of trust, or other
                            material contract, agreement, or instrument to which
                            FMI is a party or to which any of its properties or
                            operations are subject.

         2.12     GOVERNMENTAL AUTHORIZATIONS. FMI has all licenses, franchises,
                  permits, and other governmental authorizations that are
                  legally required to enable it to conduct its business in all
                  material respects as conducted on the date hereof. No
                  authorization, approval, consent, or order of, or
                  registration, declaration, or filing with, any court or other
                  governmental body is required in connection with the execution
                  and delivery by FMI of this Agreement and the consummation by
                  FMI of the transactions contemplated hereby.

         2.13     COMPLIANCE WITH LAWS AND REGULATIONS. FMI has complied with
                  all applicable laws, statutes, rules and regulations of all
                  federal, state and other governmental entities and agencies,
                  except to the extent that noncompliance would not materially
                  and adversely affect the business, operations, properties,
                  assets, or condition of FMI or except to the extent that
                  noncompliance would not result in the occurrence of any
                  material liability for FMI.

         2.14     INSURANCE. FMI has no insurance.

         2.15     APPROVAL OF AGREEMENT. The board of directors of FMI has
                  authorized the execution and delivery of this Agreement by FMI
                  and has approved this Agreement and the transactions
                  contemplated hereby.

                                       7
<PAGE>

         2.16     VALID OBLIGATION. This Agreement constitutes the valid and
                  binding obligations of FMI and is enforceable in accordance
                  with its terms.

                                   ARTICLE III
               CERTAIN REPRESENTATIONS, WARRANTIES, COVENANTS AND
               --------------------------------------------------
                         AGREEMENTS OF THE SHAREHOLDER
                         -----------------------------

         In order to induce CBA to execute and deliver this Agreement, and to
perform its obligations hereunder, the Shareholder represents and warrants to,
and covenants and agrees with CBA as follows:

                  (a)      The Shareholder acknowledges that the offer, issuance
                           and sale to it of the Shares is intended to be exempt
                           from the registration requirements of the Securities
                           Act of 1933, as amended (the "Act"), in reliance on
                           one or more exemptions for private offerings.

                  (b)      The Shareholder acknowledges receipt of the CBA's
                           Amendment Number 2 to Registration Statement on Form
                           10-SB and CBA's Quarterly Report on Form 10-QSB for
                           the period ended September 30, 2004 filed with the
                           Securities and Exchange Commission and the exhibits
                           attached thereto (collectively, the "Disclosure
                           Documents"). The Shareholder acknowledges that
                           neither this offering nor the Disclosure Documents
                           have been passed upon or the merits thereof approved
                           by any governmental authority.

                  (c)      The Shareholder represents and warrants to CBA that
                           the Shareholder, by and through its managers,
                           directors, officers, employees and agents, (i) has
                           thoroughly reviewed and understood the Disclosure
                           Documents, and (ii) has had the opportunity to ask
                           questions of, and to receive answers from, officers
                           and employees of CBA concerning CBA and its business,
                           affairs and operations, and the transactions
                           contemplated by this Agreement, and to obtain any
                           additional information necessary to verify the
                           accuracy of the Disclosure Documents. The Shareholder
                           acknowledges that CBA's officers and employees have
                           answered all inquiries made on behalf of the
                           Shareholder to the satisfaction of the person or
                           persons making such inquiry.

                  (d)      The Shareholder represents and warrants to CBA that
                           the Shareholder, by virtue of his education, training
                           and experience, has such knowledge and experience in
                           financial and business matters that he is capable of
                           understanding the information provided to it by CBA
                           and of evaluating the merits and risks of his
                           investment in the Shares.

                                       8
<PAGE>

                  (e)      The Shareholder represents and warrants to CBA that
                           he is an "accredited investor" as such term is
                           defined in Regulation D promulgated by the Securities
                           and Exchange Commission under the Act.

                  (f)      The Shares are being acquired solely for the account
                           of the Shareholder, for investment, and not with a
                           view to, or for resale in connection with, any
                           "distribution" within the meaning of the Act. By such
                           representation, the Shareholder means that no other
                           person has a beneficial interest in the Shares, and
                           that no other person has furnished or will furnish,
                           directly or indirectly, any part of or guarantee the
                           payment of any part of the consideration paid to CBA
                           in connection therewith. The Shareholder does not
                           intend to distribute all or any part of the Shares
                           and understands that the Shares are being offered
                           pursuant to a specific exemption or exemptions under
                           the provisions of the Act, which exemption(s)
                           depends, among other things, upon the investment
                           intent of the Shareholder. The Shareholder realizes
                           that, in the view of the Securities and Exchange
                           Commission, a purchase now with an intent to resell
                           by reason of any foreseeable specific contingency or
                           an anticipated change in market value or in the
                           condition of CBA or of its property, or in connection
                           with a contemplated liquidation or settlement of any
                           loan obtained by the Shareholder for the acquisition
                           of such security would represent a purchase with an
                           intent inconsistent with the foregoing representation
                           by the Shareholder, and that such a sale or
                           disposition might be regarded as a deferred sale as
                           to which the exemption is not available.

                  (g)      The Shareholder understands and acknowledges that CBA
                           has not registered, and has no obligation or present
                           intention to register, under the Act or any
                           applicable securities laws of any jurisdiction of the
                           Shares. The Shareholder further acknowledges that no
                           representations to the contrary have been made by any
                           person on behalf of CBA in connection with his
                           acquisition of the Shares.

                  (h)      The Shareholder acknowledges and agrees that the
                           Shares may not be sold, assigned, transferred,
                           conveyed, pledged or otherwise disposed of unless
                           they are registered under the Act or an exemption
                           from such registration is available. The Shareholder
                           acknowledges and agrees that the Shares constitute
                           "restricted securities," as such term is defined in
                           Rule 144 promulgated by the Securities and Exchange
                           Commission under the Act, and, unless sooner
                           registered for sale under the Act, may not be sold
                           for a period of one year from and after the date of
                           this Agreement. Stop transfer instructions will be
                           placed by CBA against the Shares and CBA shall not
                           permit the transfer or other disposition of the
                           Shares, unless and until such transfer or other

                                       9
<PAGE>

                           disposition complies with all applicable laws, rules
                           and regulations.

                  (i)      The Shareholder acknowledges that any and all
                           certificates representing the Shares will bear a
                           restrictive legend in substantially the following
                           form:

                  THE SHARES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD,
                  ASSIGNED, TRANSFERRED, CONVEYED, PLEDGED, HYPOTHECATED,
                  ENCUMBERED OR OTHERWISE DISPOSED OF UNLESS (A) THEY ARE
                  COVERED BY A REGISTRATION STATEMENT OR POST-EFFECTIVE
                  AMENDMENT THERETO, EFFECTIVE UNDER THE SECURITIES ACTOF 1933,
                  AS AMENDED, OR (B) SUCH SALE, ASSIGNMENT, TRANSFER,
                  CONVEYANCE, PLEDGE, HYPOTHECATION, ENCUMBRANCE OR OTHER
                  DISPOSITION IS EXEMPT FROM THE PROVISIONS OF SECTION 5 OF THAT
                  ACT AND ANY OTHER APPLICABLE SECURITIES LAWS.

                  (j)      The Shareholder represents and warrants to CBA that
                           (i) he has full power and authority to execute and
                           deliver this Agreement, (ii) this Agreement has been
                           duly and validly executed and delivered by the
                           Shareholder and constitutes the legal, valid and
                           binding obligation of the Shareholder and (iii) this
                           Agreement is enforceable against the Shareholder in
                           accordance with its terms.

                                   ARTICLE IV
          REPRESENTATIVES, WARRANTIES, COVENANTS AND AGREEMENTS OF CBA
          ------------------------------------------------------------

         In order to induce FMI and the Shareholder to execute and deliver this
Agreement, and to perform their respective obligations hereunder, CBA represents
and warrants to FMI and each of the Shareholder as follows:

         4.01     ORGANIZATION. CBA is a corporation duly organized, validly
                  existing, and in good standing under the laws of the State of
                  Florida and has the corporate power and is duly authorized,
                  qualified, franchised, and licensed under all applicable laws,
                  regulations, ordinances, and orders of public authorities to
                  own all of its properties and assets, to carry on its business
                  in all material respects as it is now being conducted, and
                  except where failure to be so qualified would not have a
                  material adverse effect on its business, there is no
                  jurisdiction in which it is not qualified in which the
                  character and location of the assets owned by it or the nature
                  of the business transacted by it requires qualification. The
                  execution and delivery of this Agreement does not, and the

                                       10
<PAGE>

                  consummation of the transactions contemplated hereby will not,
                  violate any provision of CBA's certificate of incorporation or
                  bylaws.

         4.02     AUTHORITY AND VALIDITY. CBA has full power and authority to
                  execute and deliver this Agreement and to perform its
                  obligations hereunder, (ii) the execution and delivery by CBA
                  of this Agreement and the performance by it of its obligations
                  hereunder have been authorized by all necessary corporate
                  action of CBA, (iii) this Agreement has been duly and validly
                  executed and delivered by CBA and constitutes the legal, valid
                  and binding obligation of CBA and (iv) this Agreement is
                  enforceable against CBA in accordance with its terms.

                                    ARTICLE V
                            SURVIVAL AND INDEMNITIES
                            ------------------------

         5.01     SURVIVAL. All of the representations, warranties, covenants,
                  agreements and indemnities of the parties set forth in this
                  Agreement shall survive the consummation of the transactions
                  contemplated by this Agreement, notwithstanding any audit or
                  investigation made by or on behalf of any such party.

         5.02     INDEMNIFICATION OF CBA. Each of the Shareholder and FMI shall
                  jointly and severally indemnity and hold harmless CBA from,
                  against and in respect of the full amount of any and all
                  liabilities, damages, claims, taxes, deficiencies,
                  assessments, losses, penalties, interest, costs and expenses
                  (including without limitation fees and disbursements of trial
                  and appellate counsel)(collectively, the "Indemnified
                  Expenses") arising from, in connection with, or incident to
                  any breach or violation of any or all of the representations,
                  warranties, covenants and agreements made by it or him in this
                  Agreement.

         5.03     INDEMNIFICATION OF THE SHAREHOLDER AND FMI. CBA shall
                  indemnify and hold harmless the Shareholder and FMI from,
                  against and in respect of the full amount of any and all
                  Indemnified Expenses arising from, in connection with, or
                  incident to any breach or violation of any or all of the
                  representations, warranties, covenants and agreements made by
                  CBA in this Agreement.

                                       11
<PAGE>

                                   ARTICLE VI
                                  RESIGNATIONS
                                  ------------

         Simultaneously with the execution and delivery of this Agreement, each
of Aaron Houck and Stephen Weir are resigning as directors and officers of FMI.

                                   ARTICLE VII
                            MISCELLANEOUS PROVISIONS
                            ------------------------

         7.01     EXPENSES. All of the legal, accounting and other costs and
                  expenses incurred in connection with this Agreement and the
                  transactions contemplated hereby shall be borne and paid by
                  the party to this Agreement incurring such costs and expenses,
                  and no party shall be obligated for any cost or expense
                  incurred by any other party to this Agreement, except that CBA
                  shall bear the entire expense of the audit of the financial
                  statements of FMI.

         7.02     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 conflicts of law thereof.

         7.03     ENTIRE AGREEMENT. This Agreement, together with the exhibit
                  attached hereto, constitutes the entire agreement among the
                  parties with respect to the subject matter hereof and
                  supersedes all prior agreements, understandings, negotiations
                  and arrangements, both oral and written among the parties with
                  respect to such subject matter. This Agreement may not be
                  amended or modified in any manner, except by a written
                  instrument executed by all of the parties hereto.

         7.04     BENEFITS: BINDING EFFECT. This Agreement shall be for the
                  benefit of, and shall be binding upon, the parties hereto and
                  their respective heirs, personal representatives, executors,
                  legal representatives, successors and assigns.

         7.05     JURISDICTION AND VENUE. Any claim or dispute arising out of,
                  connected with, or in any way related to this Agreement shall
                  be instituted by the complaining party and adjudicated in a
                  court of competent jurisdiction located in Orange County,
                  Florida, and the parties to this Agreement consent to the
                  personal jurisdiction of and venue of such courts. In no event
                  shall any party to this Agreement contest the personal
                  jurisdiction of such courts over or the venue of such courts.

                                       12
<PAGE>

         7.06     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.

         7.07     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 as of the date first written above.

CORD BLOOD AMERICA, INC.                    FAMILY MARKETING, LLC

By_______________________________           By__________________________________
         Matthew L. Schissler,                       Aaron Houck, Manager
         Chief Executive Officer

                                            By__________________________________
                                                     Stephen Weir, Manager

                                            FAMILY MARKETING, INC.

                                            By__________________________________
                                                     Aaron Houck, President

                                       13

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