Document:

EXHIBIT 10.51

EXHIBIT 10.51

HEALTH SCIENCES GROUP, INC.

STOCK PURCHASE AGREEMENT

This AGREEMENT is made effective as of the 15th day of July, 2005 (the "Sale Date"), by and between HEALTH SCIENCES GROUP, INC.., a Delaware corporation (the "Company"), and Fred Tannous (the "Stock Purchaser").

 RECITALS

WHEREAS, the Board of Directors of the Company has established the 2005 Stock Option Deferred Stock and Restricted Stock Plan (the "Plan" unless otherwise specified); and

WHEREAS, pursuant to the provisions of said Plan, the Board of Directors of the Company, by action duly taken on July 15, 2005, sold to the Stock Purchaser shares of the Common Stock of the Company (the "Common Stock"), subject to the Plan, on the terms and conditions set forth herein.

 AGREEMENT

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

1.  Price.  The Stock Purchaser hereby purchases an aggregate of 342,466 shares of Common Stock at the price of $0.73 per share (the "Price"), on the terms and conditions set forth herein.  Upon execution hereof, the Stock Purchaser shall pay to the Company the Price per share for the shares purchased hereby by agreeing to perform services, as directed by the Board of Directors, for the period July 1, 2005 to June 30, 2006, at an annual salary of $250,000, payable by the issuance of the 342,466 shares in lieu of cash for such services.

2.  Vesting.  The shares purchased hereby shall be vested as follows: if Stock Purchaser should no longer be performing services to the Company during the period July 1, 2005 to June 30, 2006, such person shall return for cancellation that number of the shares purchased herein (or replacement shares, or the $0.73 cash value of such shares) as equals the percentage that the reciprocal of the percentage of days of services rendered by such person bears to 360.  To illustrate:  if the services rendered was for 36 days, which is 10% of 360 days, the reciprocal percentage would be 90%, in which case, if such person, as an example,  only worked for 36 days pursuant to the above grant of 342,466 shares, he would re required to refund for cancellation 308,219 shares, amounting to 90% of 342,466 shares.

3.  Governing Plan.  This Agreement hereby incorporates by reference the Plan and all of the terms and conditions of the Plan as heretofore amended and as the same may be amended from time to time hereafter in accordance with the terms thereof, but no such subsequent amendment shall adversely affect the Stock Purchaser's rights under this Agreement and the Plan 

except as may be required by applicable law.  The Stock Purchaser expressly acknowledges and agrees that the pro­visions of this Agreement are subject to the Plan; the terms of this Agreement shall in no manner limit or modify the controlling provisions of the Plan, and in case of any conflict between the provisions of the Plan and this Agree­ment, the provisions of the Plan shall be con­trolling and binding upon the parties hereto unless the conflict can be resolved within the spirit of this Agreement.  The Stock Purchaser also hereby expressly acknowledges, represents and agrees as follows:

(a)  Acknowledges receipt of a copy of the Plan, a copy of which is attached hereto and by reference incorporated herein, and represents that he is familiar with the terms and provisions of said Plan, and hereby accepts this Agreement Subject to all the terms and provisions of said Plan.

(b)  Agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors (or the Committee, if so authorized) upon any questions arising under the Plan.

(c)  Acknowledges that he is familiar with all Sections of the Plan including the provisions regarding Termina­tion of Employment.

(d)  Acknowledges, understands and agrees that the existence of the Plan and the execution of this Agreement are not sufficient by themselves to cause any purchase of stock under Plan to qualify for favorable tax treatment.

4.  Representations and Warranties.  The Stock Pur­chaser hereby makes a representation and warranty that the shares are being acquired only for investment and without any present intention to sell or distribute such shares.  An appropriate legend restricting transferability of the shares, as may be required by the Securities Act of 1933, may be placed by the Company on the certificates representing the shares, unless the shares are registered under Form S-8.

5.  Shares/Transferable.  The shares are transferable, however as to that portion which has not vested, if Stock Purchaser is required pursuant to paragraph 2 to return the unvested shares for cancellation, Stock Purchaser shall refund the $0.73 per share or purchase such shares in the open market to satisfy the obligation to return the unvested shares for cancellation.

6.  No Enlargement of Employee Rights.  Nothing in this Agreement shall be construed to confer upon the Stock Purchaser (if an employee) any right to continued employment with the Company (or an Affiliated Company), or to restrict in any way the right of the Company (or an Affiliated Company if he is an employee thereof) to terminate his employment.  Stock Purchaser acknowledges that in the absence of an express written employment agreement to the contrary, Stock Purchaser's employment with the Company may be terminated by the Company at any time, with or without cause.

7.  Withholding of Taxes.  Stock Purchaser authorizes the Company to withhold, in accordance with any applicable law, from any compensation payable to him any taxes required to be withheld by federal, provincial or local law as a result of the issuance of stock pursuant to this Agreement.  The Stock Purchaser acknowledges that it his own responsibility to file an 83(b) election with the Internal Revenue Service (if he is a U.S. resident) concerning this 

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transaction or such other forms as may be applicable in his home jurisdiction.  The Stock Purchaser shall contact his own personal accountant and provide the necessary information to the Stock Purchaser's accountant to permit the accountant to fill out and file on his behalf an 83(b) election form (if applicable or such other form as is required) which must be filed within 30 days from the date hereof.  Failure to file such form timely may result in adverse tax consequences to the Stock Purchaser.  Stock Purchaser acknowledges that it is not the Company's responsibility to provide him with tax advise or assistance, financial or otherwise in connection with the preparation, filling out and filing of the 83(b) election or any other election under his home jurisdiction.

8.  Laws Applicable to Construction.  This Agreement shall be construed and enforced in accordance with the laws of California.

9.  Agreement Binding on Successors.  The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors, transferees and assignees of the Stock Purchaser.

    10.  Necessary Acts.  The Stock Purchaser agrees to perform all acts and execute and deliver any documents that may be reasonably necessary to carry out the provisions of this Agreement, including but not limited to all acts and documents related to compliance with federal and/or state securities laws.

    11.  Counterparts.  For convenience this Agreement may be executed in any number of identical counterparts, each of which shall be deemed a complete original in itself and may be introduced in evidence or used for any other purpose without the production of any other counterparts.

    12.  Invalid Provisions.  In the event that any provision of this Agreement is found to be invalid or otherwise unenforceable under any applicable law, such invalidity or unenforceability shall not be construed as rendering any other provisions contained herein invalid or unenforceable, and all such other provisions shall be given full force and effect to the same extent as though the invalid and unenforce­able provision was not contained herein.

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IN WITNESS WHEREOF, the Company and the Stock Purchaser have executed this Agreement effective as of the date first written hereinabove.

	HEALTH SCIENCES GROUP, INC.  

	FRED E. TANNOUS:

	A Delaware corporation

	 
	By:

______________________________

	6080 Center Drive, 6th Floor

Street Address

	Title: _______________________________

	Los Angeles, CA

City and State

	 	###-##-####

Social Security No.

	 	 

	Agreed to and Accepted:

	 
	_____________________

	 

By his or her signature below, the spouse of the Stock Purchaser acknowledges that he or she has read this Agreement and the Plan and is familiar with the terms and provisions thereof, and agrees to be bound by all the terms and conditions of said Agreement and said Plan document; the spouse by signing below agrees to be bound by this agreement and designates Stock Purchase as attorney in fact with respect to all matters pertaining thereto.

	 	________________________________

Spouse

	 	 
	 	Dated: ___________________________

By his or her signature below the Stock Purchaser represents that he or she is not legally married as of the date of execution of this Agreement.

	 	___________________________________

Stock Purchaser

	 	 
	 	Date: ______________________________

4EXHIBIT 10.52 - EMPLOYMENT TERMINATION AGREEMENT

Exhibit 10.52

EMPLOYMENT TERMINATION AGREEMENT

This Employment Termination Agreement (“Agreement”) is made as of July 31
, 2005 by and between Bill Glaser, an individual whose principal address is 31 Union Square West #12A, New York, NY 10003. (“Glaser”), and Health Sciences Group, Inc., a Delaware corporation (the “Company”), with its principal place of business at 6080 Center Drive. Los Angeles, CA 90045

RECITALS

WHEREAS, the Company and Glaser entered into that certain Employment Agreement dated as of January 1, 2002 (the “Employment Agreement”); 

WHEREAS, the Company and Glaser mutually agree to terminate his employment and accept his resignation from the office of President and Secretary. 

WHEREAS, the Company wishes to contract with Glaser for consulting services and Glaser wishes to enter into a consulting arrangement with the Company; and 

WHEREAS, the Company and Glaser wish to formalize the termination of his employment and the terms of his consulting services for the Company.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Glaser agree as follows:

AGREEMENT

1.

Termination of Employment Agreement; Survival of Specific Covenants. Effective immediately upon the execution and delivery of this Agreement by each of Glaser and the Company, (i) the Employment Agreement shall be deemed terminated, (ii) the “Employment Period” (as defined therein) shall terminate, and (iii) Glaser shall cease for any or all purposes to be an employee of the Company.  Glaser hereby resigns, and the Company hereby acknowledges and accepts Glaser’s resignation, from the office of President and Secretary of the Company.  Notwithstanding the foregoing, the covenants set forth in Section 6 and Section 7 of the Employment Agreement shall survive the termination of the Employment Agreement and remain enforceable in accordance with their respective terms.  The Company and Glaser further agree that the terms and provisions of Section 8.1 and Section 8.2 shall survive the termination of the Employment Agreement and remain enforceable in accordance with their respective terms. 

2.

Post-Termination Compensation and Benefits.  In consideration of this Termination Agreement, the Company shall pay to Glaser the balance of his annual salary under paragraph 2.1 (a) of the Employment Agreement in periodic payments on regularly scheduled payroll dates consistent with past practices with the last payment to be made on July 31, 2005.    The Company shall also pay (1) all bonuses, including without limitation, bonuses based on the Company’s quarterly performance that would have been paid had Glaser performed services through December 31, 2005, and (2) car allowances of $650 per month until July 31, 2005.  Glaser 

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will also be reimbursed for all Company-related expenses incurred prior to July 31, 2005.  The Company shall continue to provide health insurance and benefits on terms substantially identical to that now provided to Glaser under the Employment Agreement (the “Extended Benefits”) under either the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) or the Company’s current benefit plans. The costs of all such Extended Benefits will be borne solely by the Company. The Extended Benefits shall be furnished to Glaser through and including the expiration of his Consulting Agreement.  To the extent that Extended Benefits are treated as taxable income to Glaser, the Company shall “gross-up” payments to Glaser for such cost.  The “gross-up” amounts and payments shall be mutually agreeable to the Company, Glaser and Glaser’s tax advisors.

3.

Board of Directors Position.  Notwithstanding anything in this Agreement to the contrary, Glaser shall continue to serve as Co-Chairman of the Board of Directors in accordance with the terms of the Company’s Articles of Incorporation and By-Laws as in effect on the date hereof.  Glaser shall determine in advance of the next annual meeting whether he shall seek reelection to the Board of Directors of the Company. Glaser may at any time voluntarily resign from the Co-Chairmanship or from the Board of Directors of the Company.  If Glaser remains on the Board of Directors after December 31, 2005, he shall be paid $2,000 per month and be issued the customary options for a Board member of the Company.  The Company will also provide him business cards with his title as “Co-Chairman” at the inception of this Agreement.

4.

Consulting Agreement; Stock and Undertakings.  The Company and Glaser each hereby agree that upon the execution and delivery of this Agreement, they shall each execute and deliver the Consulting Agreement in the form of that attached hereto as Exhibit A (the “Consulting Agreement”).  The Company represents that it has taken all actions necessary or desirable to authorize the execution and delivery of the Consulting Agreement and to perform its obligations thereunder in accordance with its terms.  

5.

Notices.  Unless otherwise specifically provided in this Agreement, all notices or other communications (collectively and severally called “Notices”) required or permitted to be given under this Agreement or required pursuant to Sections 6, 7, 8.1 and 8.2 of the Employment Agreement shall be in writing, and shall be given by: (A) personal delivery (which form of Notice shall be deemed to have been given upon delivery), (B) by telegraph or by private airborne/overnight delivery service (which forms of Notice shall be deemed to have been given upon confirmed delivery by the delivery agency), or (C) by electronic or facsimile or telephonic transmission, provided the receiving party has a compatible device or confirms receipt thereof (which forms of Notice shall be deemed delivered upon confirmed transmission or confirmation of receipt).  Notices shall be addressed to the address set forth in the introductory section of this Agreement, or to such other address as the receiving party shall have specified most recently by like Notice, with a copy to the other party. All notices to the Company shall be addressed to the President.

6. 

Indemnification.   The Company shall indemnify, defend, and hold harmless Glaser, and his representatives, from and against any and all claims, demands, losses, costs, expenses, obligations, liabilities, damages, recoveries, and deficiencies, including, without limitation, interest, penalties, and reasonable attorney fees and costs, that Glaser may incur or suffer and that arise, result from, or are related to any breach or failure of the Company to perform any of the representations, warranties, covenants and agreements contained in this Agreement.

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7.

Choice of Law and Venue.  This Agreement and any surviving provisions of the Employment Agreement shall be governed according to the laws of the State of California.  Venue for any legal or equitable action between the Company and the Glaser not brought under Section 8 that relates to this Agreement or the Employment Agreement shall be in the City of Los Angeles, California.

8.

Arbitration.  The parties hereby agree that all controversies, claims and matters of difference shall be resolved by binding arbitration before the American Arbitration Association (the “AAA”) located in the City of Los Angeles, California according to the rules and practices of the AAA from time-to-time in force; provided however that the parties hereto reserve their rights to seek and obtain injunctive or other equitable relief from a court of competent jurisdiction, without waiving the right to compel such arbitration pursuant to this section.  The arbitrator shall apply California law in rendering a decision. 

9.

Entire Agreement.  This Agreement supersedes any and all other agreements, either oral or in writing, between the parties hereto with respect to the termination of the Employment Agreement and the agreement to enter into the Consulting Agreement.  Each party to this agreement acknowledges that no representations, inducements, promises, or agreements, orally or otherwise, have been made by any party, or anyone acting on behalf of any party, which are not embodied herein, and that no other agreement, statement, or promise not contained in this Agreement shall be valid or binding on either party.

10.

Counterparts.  This Agreement may be executed manually or by facsimile signature in two or more counterparts, each of which shall be deemed an original, and all of which together shall constitute but one and the same instrument.

11.

Severability.  If any term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, be determined to be invalid, illegal or unenforceable under present or future laws effective during the term of this Agreement, then and, in that event: (A) the performance of the offending term or provision (but only to the extent its application is invalid, illegal or unenforceable) shall be excused as if it had never been incorporated into this Agreement, and, in lieu of such excused provision, there shall be added a provision as similar in terms and amount to such excused provision as may be possible and be legal, valid and enforceable, and (B) the remaining part of this Agreement (including the application of the offending term or provision to persons or circumstances other than those as to which it is held invalid, illegal or unenforceable) shall not be affected thereby and shall continue in full force and effect to the fullest extent provided by law.

12.

Preparation of Agreement.  It is acknowledged by each party that such party either had separate and independent advice of counsel or the opportunity to avail itself or himself of the same.  In light of these facts it is acknowledged that no party shall be construed to be solely responsible for the drafting hereof, and therefore any ambiguity shall not be construed against any party as the alleged draftsman of this Agreement.

REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

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WHEREFORE, the parties have executed this Termination Agreement on the date first written above.

“GLASER”

___________________________________

Bill Glaser

“COMPANY”

Health Sciences Group, Inc.

By:  ___________________________________

Name:  __________________________________

Title:  ___________________________________

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EXHIBIT “A”

FORM OF CONSULTING AGREEMENT

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