Document:

Exhibit 10.1

                            ASSET PURCHASE AGREEMENT

         This ASSET PURCHASE AGREEMENT is dated this 15th day of October, 2004
by and between Health & Nutrition Systems International, Inc., a Florida
corporation ("Seller") and TeeZee, Inc., a Florida corporation ("Purchaser").

         WHEREAS, Seller contemplates voluntarily filing a petition to commence
a case ("Bankruptcy Case") under Chapter 11 of Title 11 of the United States
Code ("Bankruptcy Code") in the United States Bankruptcy Court for the Southern
District of Florida ("Bankruptcy Court");

         WHEREAS, in the event that Seller files the Bankruptcy Case, Purchaser
desires to purchase from Seller, and Seller desires to sell to Purchaser,
substantially all of Seller's assets and assume substantially all of Seller's
known liabilities, pursuant to ss. 363 and other applicable provisions of the
Bankruptcy Code, subject to higher or better bids, all upon the terms and
subject to the conditions set forth herein upon approval of this Agreement by
the Bankruptcy Court in the Bankruptcy Case;

         NOW, THEREFORE, in consideration of the mutual representations,
warranties, covenants and agreements hereinafter set forth, the receipt and
sufficiency of which are hereby acknowledged, Purchaser and Seller do hereby
represent, warrant, covenant and agree as follows:

                                    AGREEMENT

                             SECTION 1. DEFINITIONS

         1.1. Defined Terms. In addition to terms defined elsewhere in this
Agreement, the following terms when utilized in this Agreement, unless the
context otherwise requires, shall have the meanings indicated, which meanings
shall be equally applicable to both the singular and plural forms of such terms:

         "Accounting Standards" means the accounting policies and procedures of
Seller as described in Seller's 2003 Annual Report on Form 10-K, which policies
and procedures comply with GAAP.

         "Accounts Receivable" means (a) all trade accounts receivable and other
rights to payment from customers of Seller and the full benefit of all security
for such accounts or rights to payment, including all trade accounts receivable
representing amounts receivable in respect of goods shipped or products sold to
customers of Seller, (b) all other accounts or notes receivables of Seller and
the full benefit of all security for such accounts or notes, and (c) any claim,
remedy or other right related to any of the foregoing.

         "Acquired Assets" is defined in Section 2.1 of this Agreement

         "Affiliate" with respect to any Person means any Person which, directly
or indirectly, through one or more intermediaries, controls the subject Person
or any Person which is controlled by or is under common control with a
Controlling Person. For purposes of this definition, "control" (including the
correlative terms "controlling", "controlled by" and "under common control
with"), with respect to any Person, means possession, directly or indirectly, of

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the power to direct or cause the direction of the management and policies of
such Person, whether through the ownership of voting securities or by contract
or otherwise.

         "Agreement" means this Asset Purchase Agreement together with all
exhibits and schedules contemplated hereby.

         "Assumed Obligations" is defined in Section 2.1(c) of this Agreement

         "Business Day" means any day other than (a) Saturday or Sunday or (b)
any other day on which banks in Palm Beach County, Florida are permitted or
required to be closed.

         "Cash Cap" is defined in Section 3.1 of this Agreement.

          "Closing" is defined in Section 4.1 of this Agreement.

         "Closing Date" is defined in Section 4.1 of this Agreement.

         "Contracts" means any agreement, contract, lease, license, right to
use, promise or undertaking (whether written or oral and whether express or
implied), whether or not legally binding.

         "Conveyance Documents" is defined in Section 2.1(b) of this Agreement.

         "Drop Dead Date" means January 15, 2005.

         "Excess Cash" means any and all cash not used by Seller during the
Bankruptcy Case for either (i) the payment of Seller's operating expenses in the
ordinary course of its business; or (ii) the payment of Seller's costs, expenses
or professional fees incurred in connection with the Bankruptcy Case; or (iii)
the settlement of any claims arising from or related to litigation pending as of
the date of the Bankruptcy Case.

         "Excluded Assets" is defined in Section 2.1(a) of this Agreement.

         "Excluded Obligations" is defined in Section 2.1(d) of this Agreement.

         "Governmental Authorization" means any consent, license, registration
or permit issued, granted, given or otherwise made available by or under the
authority of any government, court, regulatory or administrative agency or
commission, or other governmental authority, agency or instrumentality, whether
federal, state or local (domestic or foreign) pursuant to any federal, state or
local law or ordinance.

         "Intangible Rights" means (i) any and all foreign and domestic patents,
patent rights, trademarks, service marks, trade names, brands and copyrights
(whether or not registered and, if applicable, including pending applications
for registration) owned, Used, licensed or controlled by Seller and all goodwill
associated therewith; and (ii) any and all information, know-how, trade secrets,
software, formulae, methods, processes and other intangible properties that are
necessary or customarily Used by Seller in its business.

         "Intellectual Property Assets" is defined in Section 5.10 of this
Agreement.

         "Lien" means any lien, charge, claim, restriction, encumbrance,
security interest or pledge of any kind whatsoever.

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         "Material Adverse Change" means (i) Wal-Mart's and/or GNC's decision to
discontinue the sale of any one or more of the Seller's products, or the loss of
Wal-Mart or GNC as a customer of Seller; (ii) the occurrence of a product
liability claim (whether initiated by demand or by commencement of suit)
reasonably likely to result in a recovery in excess of the policy limits; (iii)
the occurrence of any of the following; (A) any new material outbreak of
hostilities, including, but not limited to, an escalation of hostilities which
existed prior to the date of this Agreement, any other national or international
calamity or crisis, including an act of terrorism, or any material adverse
change in financial, political or economic conditions affecting the United
States; (B) any material interruption in the Seller's operations due to an act
of God, or (C) the issuance of any formal inquiry or investigation of Seller by
the Federal Trade Commission, the Food and Drug Administration or any other
applicable government agency; (iv) a material change in the policy limits, or
policy terms, of any of Seller's current insurance (including but not limited to
products liability, worker's compensation, property and crime, umbrella and
D&O); (v) an increase in the aggregate premiums on Seller's current insurance
policies to an amount equal to or greater than 105% of the aggregate premiums as
of the date of this Agreement; or (vi) Seller's monthly sales decrease to less
than $250,000.

         "Material Adverse Effect" means that effect that flows from a Material
Adverse Change.

         "Officer's Certificate" means a certificate executed by an officer of
the party as to the accuracy of the party's representations and warranties as of
the Closing Date and as to such party's compliance with and performance of its
covenants and obligations to be performed or complied with at or before the
Closing.

          "Permitted Liens" means (i) Liens for taxes not yet due and payable,
(ii) easements, covenants, conditions and restrictions of record, (iii)
easements, covenants, conditions and restrictions not of record as to which no
material violation or encroachment exists or, if such violation or encroachment
exists, as to which the cure of such violation or encroachment would not
materially interfere with the conduct of Seller's operations, (iv) any zoning or
other governmentally established restrictions or encumbrances, (v) workers or
unemployment compensation Liens arising in the ordinary course of business
securing amounts which are not delinquent, (vi) mechanic's, material man's,
supplier's, vendor's, landlord's or similar Liens arising in the ordinary course
of business securing amounts which are not delinquent, (vii) railroad trackage
agreements, utility, slope and drainage easements, right-of-way easements and
leases regarding signs which are not material to Seller's operations, (viii)
other immaterial imperfections of title, easements, covenants, conditions,
restrictions or encumbrances; and (ix) all liens existing on the Acquired Assets
as of the date hereof (but expressly excluding any liens in favor of any person
existing on any Excluded Assets, whether existing on the date hereof or arising
hereafter).

         "Person" means any natural person, corporation, limited liability
company, unincorporated organization, partnership, association, joint-stock
company, joint venture, trust or government, or any agency or political
subdivision of any government.

         "Purchase Price" is defined in Section 3.1 of this Agreement.

         "Purchase Price Assumed Obligation Component" is defined in Section 3.1
of this Agreement.

         "Purchase Price Cash Component" is defined in Section 3.1 of this
Agreement.

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         "Purchaser's Knowledge" means the actual knowledge, after reasonable
inquiry, of Tisi.

          "Seller's Knowledge" means the actual knowledge, after reasonable
inquiry, of one or more of the members of the Board of Directors of Seller
serving on the Board as of the date hereof.

         "Taxes" shall mean all taxes, assessments, charges, duties, fees,
levies or other governmental charges (including interest, penalties or additions
associated therewith) including federal, state, city, county, foreign or other,
franchise, capital stock, real property, personal property, tangible,
withholding, FICA, unemployment compensation, disability, transfer, sales, use,
excise, gross receipts and all other taxes of any kind for which any Seller may
have any liability imposed by the United States or any state, county, city,
country or foreign government or subdivision or agency thereof, whether disputed
or not.

         "Used" shall mean, with respect to the properties, contracts, permits
or licenses of Seller, those owned, leased, licensed or otherwise held by Seller
which were acquired for use or held for use by Seller in connection with
Seller's operations, whether or not reflected on Seller's books of account.

         1.2. Other Definitional Provisions. Unless otherwise defined herein,
all terms defined in this Agreement shall have the defined meanings when used in
any certificate, schedule, report or other document made or delivered pursuant
hereto.

             SECTION 2. SALE AND PURCHASE OF ASSETS; OTHER COVENANTS

         2.1. Sale and Purchase of Assets.

                  (a) On the terms and subject to the conditions of this
Agreement, at the Closing referred to in Section 4.1 hereof, Seller shall sell,
convey, assign, transfer and deliver to Purchaser, and Purchaser shall purchase,
acquire and accept delivery of, all assets and properties owned or Used by
Seller in its operations free and clear of all liens, claims and encumbrances
other than Permitted Liens, except for (i) cash and cash equivalents, the
Purchase Price, other rights of Seller under this Agreement, and Seller's
corporate minute book and stock records, and (ii) those assets specifically
listed on Schedule 2.1(a) (such specifically listed assets in clauses (i) and
(ii) being referred to as the "Excluded Assets"), including without limiting the
generality of the foregoing:

                           (i) all Accounts Receivable net of offsets due
customers;

                           (ii) all inventories of Seller, wherever located,
including all finished goods, raw materials, works-in-process, spare parts and
other materials and supplies of Seller to be used by Seller in the production of
finished goods, and including all inventory in transit or on order and not yet
delivered, and all rights with respect to the processing and completion of any
orders of Seller, including the right to collect and receive charges for such
orders;

                           (iiii) all supplies, equipment, vehicles, machinery,
furniture, fixtures, leasehold improvements, computer equipment and peripherals,
and other tangible property Used by Seller in connection with its operations,
and Seller's interest as lessee in any leases with respect to any of the
foregoing;

                           (iv) all of Seller's right, title and interest in and
to its Contracts, including the Material Contracts listed or required to be
listed on Schedule 5.6 hereto;

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                           (v) all proprietary knowledge, Trade Secrets,
Confidential Information, computer software and licenses, formulae, designs and
drawings, quality control data, processes (whether secret or not), methods,
inventions and other similar know-how or rights Used in the conduct of Seller's
operations, including, but not limited to, the areas of manufacturing,
marketing, advertising and personnel training and recruitment, together with all
other Intangible Rights used in connection with Seller's operations, including
all files, data, back-up tapes, manuals, documentation and source and object
codes related thereto;

                           (vi) all utility, security and other deposits and
prepaid expenses;

                           (ivii) Seller's operations as a going concern and its
licenses, telephone numbers, telecopy numbers, email addresses, URL, internet
web sites, internet domain names, customer lists, vendor lists, referral lists
and contracts, advertising materials and data, restrictive covenants, choses in
action and similar obligations owing to Seller from its present and former
customers, together with all books, operating data and records (including
financial, accounting and credit records), files, papers, records and other data
of Seller;

                           (viii) all rights of Seller in and to, Seller's name,
all assumed fictional business names, and all Intellectual Property Assets;

                           (ix) all rights to real property Used by Seller;

                           (x) all claims of Seller against third parties
relating to the Acquired Assets or Seller's operations, whether choate or
inchoate, known or unknown, contingent or noncontingent;

                           (xi) all tax credits, including but not limited to,
Seller's federal income tax loss carryforward, to the extent transferable;

                           (xii) all of Seller's insurance benefits relating to
the Acquired Assets or the Assumed Obligations prior to the Closing Date;
however, except for proceeds of claims made prior to Closing, Seller shall
retain its rights to all liability insurance with respect to events prior to
Closing; and

                           (xiii) all other property and rights of every kind or
nature Used by Seller in its operations.

         It is specifically understood and agreed by the parties hereto that
Purchaser is acquiring, and Seller is selling, all of the tangible and
intangible assets attributable to or Used by Seller in its operations, except
the Excluded Assets. The aforesaid assets and properties to be transferred to
Purchaser hereunder are hereinafter collectively referred to as the "Acquired
Assets." Notwithstanding anything to the contrary contained herein, the transfer
of the Acquired Assets pursuant to this Agreement shall not include the
assumption of any liability relating to the Acquired Assets except those
liabilities assumed pursuant to Section 2.1(c) of this Agreement.

                  (b) Method of Conveyance. The sale, transfer, conveyance,
assignment and delivery by Seller of the Acquired Assets to Purchaser in
accordance with Section 2.1 hereof shall be effected on the Closing Date by
Seller's execution and delivery to Purchaser of one or more bills of sale,
assignments and other conveyance instruments with respect to Seller's transfer
of the Acquired Assets in form and scope reasonably satisfactory to Purchaser

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(collectively the "Conveyance Documents"). At the Closing, all of Seller's
right, title or interest in and to all of the Acquired Assets shall be
transferred, conveyed, assigned and delivered by Seller to Purchaser pursuant to
the Conveyance Documents.

                  (c) Assumed Obligations. Except for professional fees, costs
and other expenses incurred by the Seller in connection with the negotiation,
execution and delivery of this Agreement, the Bankruptcy Case, and the
consummation of the transactions contemplated hereby, all of which shall be
governed by Section 13.4 hereof, at the Closing, Purchaser shall assume:

                   (i) trade accounts payable and accrued expenses with the
vendors and other service providers of Seller, whether such payables or expenses
are incurred before or after the commencement of the Bankruptcy Case, other than
the Excluded Obligations and those vendors or service providers listed on
Schedule 2.1(c)(1);

                  (ii) trade accounts payable and accrued expenses with the
vendors of Seller who are listed on Schedule 2.1(c)(1) but with respect to each
such vendor, only up to the amount set forth opposite the name of such vendor on
Schedule 2.1(c)(1);

                  (iii) Seller's liabilities for accrued and unpaid vacation
days, sick days, personal days, bonuses, and damages for rejection of employment
executory Contracts to the employees of Seller employed as of the date of the
Bankruptcy Case, other than Excluded Obligations;

                  (iv) all ongoing obligations of payment and performance under
all leases and Contracts assumed by Seller and assigned to Purchaser; and

                  (v) Seller's liabilities and other obligations arising
subsequent to the Closing under the other obligations listed on Schedule
2.1(c)(2) hereto (collectively the "Assumed Obligations").

                  Notwithstanding anything to the contrary contained herein, in
no event shall any Assumed Obligation include.

                  (d) Excluded Obligations. Except as expressly set forth in
Section 2.1(c), Purchaser shall not assume or be responsible at any time for any
liability, obligation, debt or commitment of Seller, whether absolute or
contingent, accrued or unaccrued, asserted or unasserted, or otherwise,
including but not limited to any liabilities, obligations, debts or commitments
of Seller incident to, arising out of or incurred with respect to this Agreement
and the transactions contemplated hereby (except to the extent contemplated by
Section 12.5 hereof). Without limiting the generality of the foregoing, Seller
expressly acknowledges and agrees that Seller shall retain, and that Purchaser
shall not assume or otherwise be obligated to pay, perform, defend or discharge:

                  (i) any liability of Seller for Taxes, whether measured by
income or otherwise,

                  (ii) any product liability pertaining to products sold by
Seller prior to the Closing Date,

                  (iii) any liability or obligation of Seller relating to any
default taking place before the Closing Date under any of the Assumed
Obligations to the extent such default created or increased the liability or
obligation,

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                  (iv) any obligation of Seller to its shareholders, any
Affiliate of Seller or its shareholders, or any Person claiming to have a right
to acquire any capital stock or other securities of Seller,

                   (v) any and all accrued liabilities for professional fees
(including but not limited to brokers, attorneys, financial advisors or
accountants), costs and other expenses incurred by the Seller in connection with
the negotiation, execution and delivery of this Agreement, the Bankruptcy Case,
and the consummation of the transactions contemplated hereby;

                  (vi) any liabilities or obligations of Seller relating to the
Excluded Assets; and

                  (viii) those liabilities, debts, or obligations listed on
Schedule 2.1(d) hereto.

         All obligations that are not Assumed Obligations, including but not
limited to the foregoing, are hereinafter referred to as the "Excluded
Obligations."

                  2.2. Other Covenants.

                  (a) Employee Relationships. Purchaser shall offer to employ
all of the "at will" employees of Seller, other than officers and/or directors
of Seller, that were employees of Seller as of the date hereof through the
Closing Date as "at will" employees of Purchaser at their respective rates of
pay as of the date hereof. Nothing herein is intended or should be construed (i)
to create an employment contract with such employees, (ii) to obligate Purchaser
to retain such employee other than as an "at will" employee for any period of
time after the Closing Date, or (iii) to obligate Purchaser to provide any
particular level of benefits or perquisites to such employees whether or not
such benefits or perquisites were offered or provided to such employees by
Seller prior to the Closing Date.

                  (b) Excess Cash. Seller agrees that, on the Closing Date, it
shall pay to Garden State Nutritionals, a division of Vitaquest International,
Inc. ("Garden State") all of its Excess Cash to be applied by Garden State
against the debt owed Garden State by Seller secured by a lien on the Seller's
assets.

                            SECTION 3. PURCHASE PRICE

         3.1. Purchase Price. The total consideration for the Acquired Assets
will be $2,285,000.00 plus the unliquidated damages resulting from the potential
rejection of the Employment Contract between Seller and Christopher Tisi (the
"Tisi Obligation" and collectively, the "Purchase Price") which shall consist of
(a) the assumption of the Assumed Obligations (the value of which as of the
Closing Date is hereinafter referred to as the "Purchase Price Assumed
Obligation Component") and (b) an amount in cash equal to the difference between
the Purchase Price and the Purchase Price Assumed Obligation Component
("Purchase Price Cash Component"); provided, however, (i) in no event shall the
Purchase Price Cash Component exceed Three Hundred and Fifty Thousand Dollars
($350,000) (the "Cash Cap"), and (ii) if the Purchase Price Cash Component
would, but for the limitation in Section 3.1(i), exceed the Cash Cap (because
the Assumed Obligations (other than the Tisi Unliquidated Obligation) as of the
Closing Date are less than $1,935,000), then the Purchase Price shall be reduced
accordingly. Purchaser shall make payment of the Purchase Price as follows:

                  (a) On the date of execution of this Agreement, Purchaser
shall deliver to Berger Singerman LLP as escrow agent (the "Escrow Agent'), One
Hundred Thousand Dollars

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($100,000), in next day funds (the "Escrow Amount"). The Escrow Amount shall be
held in an interest bearing account by the Escrow Agent pursuant to the terms
and conditions of an Escrow Agreement containing terms reasonably satisfactory
to Seller and Purchaser (the "Escrow Agreement"); and

                  (b) On the Closing Date, Purchaser shall deliver to Seller, by
official bank check or wire transfer (to an account specified by Seller in
writing at least three Business Days prior to Closing), in next day funds, the
remaining amount of the Purchase Price Cash Component.

                               SECTION 4. CLOSING

         4.1. Closing. Subject to the conditions stated in Section 7 and Section
8 of this Agreement, the closing of the transactions contemplated herein (the
"Closing") shall be held no later than the next succeeding Monday following the
satisfaction of all of the conditions set forth in Section 7 and 8, at the
offices of Berger Singerman, 350 East Las Olas Boulevard, Suite 1000, Fort
Lauderdale, Florida, unless the parties agree to another time, date or place.
Notwithstanding the foregoing, unless this Agreement has been previously
terminated pursuant to the provisions of Section 12, the Closing may be delayed
up to the 15th Business Day after all of the conditions set forth in Section 7
and Section 8 have been satisfied. The term "Closing Date" shall mean the date
on which the Closing occurs. The Closing shall be deemed effective as of 11:59
p.m. West Palm Beach time on the Closing Date. Except as otherwise provided
herein, all proceedings to be taken and all documents to be executed at the
Closing shall be deemed to have been taken, delivered and executed
simultaneously, and no proceeding shall be deemed taken nor documents deemed
executed or delivered until all have been taken, delivered and executed.

         4.2 Deliveries at Closing by Seller. On the Closing Date, Seller shall
deliver (or cause delivery) to Purchaser all of the following:

                  (a) the Conveyance Documents;

                  (b) Seller's Officer's Certificate;

                  (c) a certified copy of the resolutions adopted by Seller's
Board of Directors authorizing the execution, delivery and performance of this
Agreement and the consummation of all of the transactions contemplated by this
Agreement;

                  (d) a certificate of good standing of Seller from the Florida
Secretary of State;

                  (e) an incumbency certificate of Seller;

                  (f) the books and records of Seller's business, other than
those which constitute Excluded Assets pursuant to the terms of this Agreement
or those relating to an Excluded Obligation;

                  (g) an affidavit of Seller stating that, effective as of the
Closing Date, Seller will no longer use the name "Health & Nutrition Systems
International, Inc." for any purpose and that, effective as of the Closing Date,
Seller relinquishes the exclusive use of that name to Purchaser for Purchaser's
sole use and benefit;

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                  (h) evidence reasonably satisfactory to Purchaser that
Purchaser has been named as an additional named insured and loss payee on all of
the Seller's insurance policies listed on Schedule 5.11(a) hereto; and

                  (i) such other documents as Seller or its counsel may
reasonably request.

                  4.3 Deliveries at Closing by Purchaser. On the Closing Date,
Purchaser shall deliver an allocation (the "Allocation") of the Purchase Price
in accordance with Section 1060 of the Internal Revenue Code, which shall be
reasonably acceptable to Seller. Purchaser and Seller shall (i) be bound by the
Allocation, (for tax purposes only, and not for any other purpose), (ii) timely
file any information that may be required to be filed pursuant to Treasury
Regulations promulgated under Section 1060(b) of the Code (including Form 8594),
(iii) act in a manner consistent with the Allocation in the preparation of
financial statements and filing of all United States federal income tax returns
(including, without limitation, Form 8594) and in the course of any Tax audit,
Tax review or Tax litigation relating thereto, and (iv) take no position and
cause their Affiliates to take no position inconsistent with the Allocation for
any Tax purposes, except as may be adjusted by subsequent agreement following an
audit by the Internal Revenue Service or by court decision. Notwithstanding any
conflicting or inconsistent provisions hereof, no Allocation hereunder shall
supersede, usurp or otherwise affect the jurisdiction and authority of the
Bankruptcy Court to value the Acquired Assets for purposes of distributions to
Seller's estate under the Bankruptcy Code. In addition, Purchaser shall deliver
(or cause delivery) to Seller all of the following:

                  (a) the Purchase Price Cash Component;

                  (b) Purchaser's Officer's Certificate;

                  (c) a certified copy of the resolutions adopted by Purchaser's
Board of Directors and sole shareholder authorizing the execution, delivery and
performance of this Agreement and the consummation of all of the transactions
contemplated by this Agreement;

                  (d) a certificate of good standing of Purchaser from the
Florida Secretary of State; and

                  (e) such other documents as Seller or its counsel may
reasonably request.

               SECTION 5. REPRESENTATIONS AND WARRANTIES OF SELLER

         Except as otherwise disclosed to Purchaser in the schedules to this
Agreement, Seller hereby represents and warrants the following to Purchaser:

         5.1. Organization, Power and Qualification. Seller is a corporation
duly organized, validly existing and in good standing under the laws of the
State of Florida. Seller has the power and authority to own, lease, and operate
its properties and assets and to carry on its business and Seller has, subject
to approval of the Bankruptcy Court in the Bankruptcy Case, the corporate power
and authority to enter into this Agreement and to consummate the transactions
contemplated hereby.

         5.2. Corporate Action. All corporate action necessary on the part of
Seller to authorize the execution and delivery to Purchaser of this Agreement
and the performance or

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satisfaction of the obligations of Seller in connection with the transactions
contemplated by this Agreement has been or will have been duly taken prior to
the Closing. Subject to approval of the Bankruptcy Court in the Bankruptcy Case,
this Agreement constitutes the valid and binding obligation of Seller and is
enforceable against Seller in accordance with its terms.

         5.3. Consents; No Breach. Except for the approval of the Bankruptcy
Court and as set forth on Schedule 5.3, no material consent, approval or
authorization of, or designation, declaration or filing with, any Governmental
Authority on the part of Seller is required in connection with the valid
execution and delivery of this Agreement (collectively, the "Required
Consents"). Except as set forth on Schedule 5.3, the execution, delivery and
performance of this Agreement by Seller and the consummation of the transactions
contemplated hereby will not: (i) violate any provision of its articles of
incorporation, bylaws or any amendment thereto of Seller; (ii) violate in any
material manner any order, judgment, injunction, award or decree of any court,
arbitrator or governmental or regulatory body against, or binding upon, Seller;
or (iii) violate any statute, law or regulation of any jurisdiction, applicable
to the transactions contemplated herein including without limitation, the
Florida Business Corporation Act and all applicable federal and state securities
laws.

         5.4. No Brokers or Finders. No Person has or will have, as a result of
the transactions contemplated by this Agreement, any right, interest or claim
against or upon Seller for any commission, fee or other compensation as a finder
or broker as a result of the consummation of this Agreement.

         5.5. Litigation. Except as disclosed on Schedule 5.5 there is no
outstanding order, judgment, injunction, award or decree of any court,
governmental or regulatory body or arbitration tribunal against or involving
Seller which could have a Material Adverse Effect. Except as disclosed on
Schedule 5.5, there is no action, suit, or claim or legal, administrative or
arbitration proceeding or any investigation (whether or not the defense thereof
or liabilities in respect thereof are covered by insurance) pending, or to
Seller's Knowledge threatened against or involving Seller which could have a
Material Adverse Effect.

         5.6. Material Contracts. Schedule 5.6 sets forth all material Contracts
of Seller (the "Material Contracts"). The Material Contracts are valid, binding,
enforceable and existing agreements, in full force and effect against Seller. To
Seller's Knowledge, Seller is not in default in any material respect under any
of the Material Contracts (nor to Seller's Knowledge, has it received notice of
the default of any other party to any Material Contracts), and to Seller's
Knowledge, no condition exists which with notice or lapse of time or both would
constitute default thereunder.

         5.7. Financial Statements. Attached to this Agreement as Schedule 5.7
are the unaudited consolidated balance sheets of Seller as of October 8, 2004
(the "Balance Sheet") and statements of earnings of Seller for the six month
period ended June 30, 2004 and the two month period ended August 31, 2004
(collectively, the "Financial Statements"). To Seller's Knowledge, the Financial
Statements (i) present fairly in all material respects the financial condition
of Seller and its results of operations for such period in accordance with the
Accounting Standards, and (ii) have been prepared in accordance with the
Accounting Standards (other than the absence of notes to the Financial
Statements) for the periods covered by such statements.

         5.8. Undisclosed Liabilities. Except as and to the extent reflected in
the Financial Statements, to Seller's Knowledge, there are no material
liabilities, commitments or obligations

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of any nature, whether absolute, accrued, contingent or otherwise, other than
those incurred in the ordinary course of Seller's business since September 24,
2004 which, (i) under the Accounting Standards, are required to be disclosed in
the Financial Statements, and (ii) would materially and negatively affect
Seller's operations or financial condition.

         5.9. Taxes. All federal, state and other tax returns relating to Seller
or its operations required by law to be filed have been duly filed, and except
as set forth on Schedule 5.9, all such tax returns were correct and complete in
all material respects. Except as set forth on Schedule 5.9, all such federal,
state and other taxes, assessments, fees and other federal governmental charges
shown to be due and payable on such returns have been paid, except such taxes
which are being contested in good faith or for which the dates for payment have
been extended, which contests and extensions are identified on Schedule 5.9
hereto.

         5.10. Intellectual Property Assets. Set forth on Schedule 5.10 is a
list and description of all material foreign and domestic patents, patent
rights, trademarks, service marks, trade names, brands and copyrights in both
published works and unpublished works (whether or not registered and, if
applicable, including pending applications for registration), and all rights in
mask works owned, Used, licensed or controlled by Seller and all going concern
value and goodwill associated therewith. To Seller's Knowledge, Seller has the
right to Use and shall as of the Closing Date own or have the right to Use any
and all information (whether confidential, proprietary or technical), know-how,
trade secrets, patents, copyrights, trademarks, trade names, slogans software,
formulae, methods, processes and other intangible properties that are necessary
or customarily Used by Seller for the ownership, management or operation of its
Properties (collectively, the "Intellectual Property Assets") including, but not
limited to, the Intellectual Property Assets listed on Schedule 5.10.

         5.11. Insurance.

         (a) Insurance Policies. Schedule 5.11(a) hereto is a complete and
correct list of all insurance policies (including, without limitation, fire,
liability, product liability, workers' compensation and vehicular) presently in
effect that relate to Seller, its properties or operations (collectively, the
"Insurance Policies"), including the amounts of such insurance and annual
premiums with respect thereto, all of which have been in full force and effect
from and after the date(s) set forth on Schedule 5.11(a). To Seller's Knowledge,
none of the insurance carriers has indicated to Seller an intention to cancel
any such Insurance Policy or to materially increase any insurance premiums, or
that any insurance required to be listed on Schedule 5.11(a) will not be
available in the future on substantially the same terms as currently in effect.

         (b) Insurance Claims. Except as set forth in Schedule 5.11(b), Seller
has no claim pending or anticipated against any of its insurance carriers under
any of such policies and, to Seller's Knowledge, there has been no actual or
alleged occurrence of any kind which could reasonably be expected to give rise
to any such claim.

         5.12. Title to Property. At the Closing, to Seller's Knowledge,
Purchaser will have good title to all of the Acquired Assets, free and clear of
all Liens, subject only to (i) the Permitted Liens and (ii) those Liens set
forth on Schedule 5.12, which Liens are the sole Liens being assumed or taken
subject to by Purchaser pursuant to the terms of this Agreement.

         5.13. Disclaimer of Other Warranties. Purchaser hereby acknowledges and
agrees that, except as otherwise expressly provided in this Agreement, Seller
makes no

                                       11
<PAGE>

representations or warranties whatsoever, express or implied, with respect to
any matter relating to the Acquired Assets, or otherwise relating to any of the
transactions contemplated hereby, including without limitation any income to be
derived or expenses to be incurred in connection with the Acquired Assets, the
physical condition of any personal Acquired Assets comprising a part of the
Acquired Assets or which is the subject of any other acquired real property
lease or acquired Contract, the environmental condition or other matter relating
to the physical condition of any real Acquired Assets or improvements which are
the subject of any real Acquired Assets lease to be assumed by Purchaser at the
Closing, the zoning of any such real Acquired Assets or improvements, the value
of the Acquired Assets (or any portion thereof), the terms, amount, validity or
enforceability of any Assumed Liabilities, the merchantability or fitness of the
personal Acquired Assets or any other portion of the Acquired Assets for any
particular purpose. Seller makes no warranties or representations, in connection
with this transaction, other than as set forth in this Agreement. Without in any
way limiting the foregoing, subject to the representations, warranties and
covenants expressly set forth in this Agreement, Seller hereby disclaims any
warranty, express or implied, of merchantability or fitness for any particular
purpose as to all or any portion of the Acquired Assets. Accordingly, subject to
the representations, warranties and covenants expressly set forth in this
Agreement, Purchaser will accept the Acquired Assets at the Closing "AS IS,"
"WHERE IS" AND "WITH ALL FAULTS."

             SECTION 6. REPRESENTATIONS AND WARRANTIES OF PURCHASER

         Purchaser hereby represents and warrants to Seller the following:

         6.1. Binding Obligation. This Agreement constitutes the valid and
binding obligation of Purchaser and is enforceable against Purchaser in
accordance with its terms, except as such enforcement may be affected by
bankruptcy, moratorium and other laws relating to creditor's rights generally or
general principles of equity.

         6.2. Consents; No Breach. No consent, approval or authorization of, or
designation, declaration or filing with, any Governmental Authority on the part
of Purchaser is required in connection with the valid execution and delivery of
this Agreement. Purchaser shall have on or before the Closing all necessary or
appropriate licenses, permits or others approvals from all applicable
Governmental Authorities which allow Purchaser to acquire the Acquired Assets
and to assume the Assumed Obligations. The execution, delivery and performance
of this Agreement and the consummation of the transactions contemplated hereby
will not: (i) violate, conflict with or result in the breach of any of the
material terms of, result in a material modification of, otherwise give any
other contracting party the right to terminate, or constitute (or with notice or
lapse of time or both constitute) a default under, any material Contract or
other agreement to which Purchaser is a party; (ii) violate in any material
manner any order, judgment, injunction, award or decree of any court, arbitrator
or governmental or regulatory body against, or binding upon, Purchaser; or (iii)
violate any statute, law or regulation of any jurisdiction applicable to the
transactions contemplated herein.

         6.3. Litigation. There is no outstanding order, judgment, injunction,
award or decree of any court, governmental or regulatory body or arbitration
tribunal against or involving Purchaser. There is no action, suit or claim or
legal, administrative or arbitration proceeding or any investigation (whether or
not the defense thereof or liabilities in respect thereof are covered by
insurance) pending, or to Purchaser's Knowledge, threatened, against or
involving Purchaser.

                                       12
<PAGE>

         6.4. No Brokers or Finders. No Person has or will have, as a result of
the transactions contemplated by this Agreement, any right, interest or claim
against or upon Purchaser for any commission, fee or other compensation as a
finder or broker as a result of the consummation of this Agreement.

         6.5. Organization, Power and Qualifications. Purchaser is a
corporation, duly organized, validly existing and in good standing under the
laws of its state of formation. Purchaser has full power to enter into this
Agreement and to consummate the transactions contemplated hereby.

         6.6. Capitalization. As of the date hereof, (i) the authorized capital
stock of Purchaser consists of One Hundred Thousand (100,000) shares of common
stock, Ninety Thousand (90,000) of which are issued and outstanding. All of the
issued and outstanding shares of common stock are owned by Christopher Tisi.
There are no outstanding (a) securities convertible into or exchangeable for
such capital stock and membership interest; (b) options, warrants, or other
rights to purchase or subscribe to such capital stock or securities convertible
or exchangeable for such capital stock and membership interest; or (c)
Contracts, commitments, agreements, understandings or arrangements of any kind
relating to the issuance of such capital stock and membership interest.

         6.7. Corporate Action. All action necessary on the part of Purchaser to
execute and deliver to Seller this Agreement and the performance or satisfaction
of the obligations of Purchaser in connection with the transactions contemplated
by this Agreement has been or will have been duly taken prior to the Closing.
This Agreement constitutes the valid and binding obligation of Purchaser and is
enforceable against Purchaser in accordance with its terms, except as such
enforcement may be affected by bankruptcy, moratorium and other laws relating to
creditors' rights generally or general principles of equity.

       SECTION 7. CONDITIONS PRECEDENT TO OBLIGATION OF PURCHASER TO CLOSE

         The obligation of Purchaser to consummate this Agreement and the
transactions contemplated hereby is subject to the satisfaction at or before the
Closing of each and every one of the following conditions, any of which
Purchaser may, in its sole discretion, waive.

         7.1. Representations and Warranties True. Each of the representations
and warranties of Seller contained in this Agreement shall be true and correct
in all material respects as of the Closing, as though made on and as of the
Closing.

         7.2. Performance of Obligations of Seller. Seller shall have performed
in all material respects all obligations and covenants required to be performed
by it under this Agreement prior to or as of the Closing Date.

         7.3. No Obstructive Proceedings. No action or proceedings shall have
been instituted against, and no order, decree or judgment of any court, agency,
commission or Governmental Authority shall be existing against Purchaser or an
Affiliate of Purchaser which seeks to or would render it unlawful as of the
Closing to effect the sale of the Acquired Assets in accordance with the terms
hereof, and no such action shall seek damages against Purchaser or an Affiliate
of Purchaser in a material amount by reason of the transactions contemplated
hereby.

                                       13
<PAGE>

         7.4. No Adverse Change. Between the date hereof and the Closing Date,
there shall have not been any Material Adverse Change.

         7.5. Insurance Matters. Seller shall have complied with the covenants
set forth in Section 11.6.

         7.6. Employee Retention. As of the Closing Date, Al Dugan, Mona Lalla,
Rafeek Baig, Steve Sarafian and Jamie Heithoff (each a "Manager" and
collectively "Managers") shall continued to be employed by Seller in the
capacity each was employed by Seller as of the date hereof, unless a Resignation
Event (as defined below) occurs with respect to a particular Manager. A
"Resignation Event" occurs when a Manager dies, becomes disabled, resigns
employment with Seller due to relocation of residence or health issues, is fired
for cause, or resigns after committing conduct that would have been grounds for
firing for cause.

         7.7 Bankruptcy Court Auction Procedures. Seller shall have filed and
obtained approval by the Bankruptcy Court in the Bankruptcy Case of the
bankruptcy auction procedures which shall, at a minimum, include the criteria
set forth on Exhibit 7.8 attached hereto and which shall otherwise be mutually
agreeable to Seller and Purchaser.

         7.8. Bankruptcy Court Plan Confirmation/Approval. The Bankruptcy Court
in the Bankruptcy Case shall have approved this Agreement, the purchase and sale
of the Acquired Assets free and clear of all liens, claims and encumbrances
other than the Permitted Liens, the assignment and assumption of the Assumed
Obligations, and all other transactions contemplated herein by entering an order
(which may be accomplished by confirmation of a Chapter 11 plan), that includes
a finding that Purchaser acted, and the sale of the Acquired Assets was
conducted, in good faith within the meaning of 11 U.S.C. ss. 363(m) and that is
otherwise in a form reasonably satisfactory to Purchaser, which order shall
become final and non-appealable no later than ten calendar days prior to the
Drop Dead Date.

        SECTION 8. CONDITIONS PRECEDENT TO OBLIGATION OF SELLER TO CLOSE

         The obligation of Seller to consummate this Agreement and the
transactions contemplated hereby are subject to the satisfaction at or before
the Closing of each and every one of the following conditions, any of which
Seller may, in its sole discretion, waive.

         8.1. Representations and Warranties True. Each of the representations
and warranties of Purchaser contained in this Agreement shall be true and
correct in all material respects as of the Closing, as though made on and as of
the Closing.

         8.2. Performance of Obligations of Purchaser. Purchaser shall have
performed in all material respects all obligations and covenants required to be
performed by Purchaser under this Agreement prior to or as of the Closing Date.

         8.3. No Obstructive Proceeding. No action or proceeding shall have been
instituted or threatened against and no order, decree or judgment of any court,
agency, commission or Governmental Authority shall be existing against Seller or
its business which seeks to or would render it unlawful as of the Closing to
effect the sale of the Acquired Assets in accordance with the terms hereof, and
no such action whether instituted or threatened shall seek damages against
Seller or its business in a material amount by reason of the transactions
contemplated hereby.

                                       14
<PAGE>

         8.4. Bankruptcy Court Plan Confirmation/Approval. The Bankruptcy Court
in the Bankruptcy Case shall have approved this Agreement, the purchase and sale
of the Acquired Assets free and clear of all liens, claims and encumbrances
other than the Permitted Liens, the assignment and assumption of the Assumed
Obligations, and all other transactions contemplated herein by entering an order
(which may be accomplished by confirmation of a Chapter 11 plan), that includes
a finding that Purchaser acted, and the sale of the Acquired Assets was
conducted, in good faith within the meaning of 11 U.S.C. ss. 363(m) and that is
otherwise in a form reasonably satisfactory to Purchaser, which order shall
become final and non-appealable no later than ten calendar days prior to the
Drop Dead Date.

                             SECTION 9. TAX MATTERS

         9.1. Filing of Returns. Seller shall properly and timely prepare, file
and deliver to the appropriate authorities or other persons all tax returns,
reports and forms with respect to Seller's operations required to be filed and
delivered, for any taxable period ending on or before the Closing Date, and
shall ensure that all Charges (as hereinafter defined) and other impositions
shown thereon to be due and payable have been paid prior to the date on which
any fine, penalty, interest, late charge or loss may be added thereto for the
nonpayment thereof, unless any such amounts are being contested in good faith by
appropriate proceedings, or any such fine, penalty, interest, late charge or
loss has been paid. For purposes of this Agreement, "Charges" shall mean all
federal, state, county, city, municipal, local, foreign or other governmental
taxes, levies, assessments and charges, liens, claims or encumbrances upon or
relating to Seller's employees, payroll, income, or gross receipts, Seller's
ownership or use of any of its assets, or any other aspect of Seller's business,
in each case including any and all interest and penalties. For any period not
ending prior to or on the Closing Date, Purchaser shall timely prepare and file
with or deliver to the appropriate authorities or other persons all tax returns,
reports and forms required to be filed or delivered.

         9.2. Ad Valorem and Similar Taxes. Ad valorem, property and similar
taxes and assessments (other than taxes on income, gain or receipts, or transfer
taxes in respect of the Acquired Assets) based upon or measured by the value of
the Acquired Assets shall be divided or prorated between Purchaser and Seller as
of the Closing Date based on the amount of such taxes paid for the previous
year, unless a new tax statement is received prior to the Closing Date, in which
event the tax apportionment made as of the Closing Date shall be adjusted in
accordance with such new tax statement or as otherwise mutually agreed. In this
regard, Seller shall assume responsibility for such taxes attributable to the
period of time prior to the Closing Date and Purchaser shall assume
responsibility for the periods of time thereafter. A period not ending on the
Closing Date shall be referred to as a "Straddle Period". Real, personal and
intangible personal property Taxes allocable to Seller shall be equal to the
amount of such Taxes for the entire taxable period multiplied by a fraction, the
numerator of which is a number of days in a Straddle Period prior to and
including the Closing Date and the denominator of which is the number of days in
the Straddle Period. All other Taxes for the portion of the Straddle Period
ending on the Closing Date shall be computed as if such taxable period ended as
of the close of business on the Closing Date. Not later than 30 days after the
Closing Date, Purchaser and Seller shall determine and shall pay all amounts
required to be paid pursuant to such allocation.

         9.3. Audits. In the event of an audit by a taxing authority involving
Seller, the consent of Purchaser shall not be required unless Taxes are being
assessed against Purchaser and Seller has not provided funds to pay any such
Taxes.

                                       15
<PAGE>

                        SECTION 10. PRE-CLOSING COVENANTS

         10.1. Efforts to Consummate Subject to the terms and conditions of this
Agreement, each party hereto shall use commercially reasonable efforts to take
or cause to be taken all actions and do or cause to be done all things required
under applicable law in order to consummate the transactions contemplated
hereby, including, without limitation, (i) obtaining all Governmental
Authorizations and other permits, authorizations, consents and approvals of any
other Person that are required for or in connection with the consummation of the
transactions contemplated hereby and by the other documents contemplated hereby,
(ii) taking any and all reasonable actions necessary to satisfy all of the
conditions to such party's obligations hereunder, and (iii) executing and
delivering all agreements and documents required by the terms hereof to be
executed and delivered by such party on or prior to the Closing. With regard to
all dates and time period set forth or referred to in this Agreement, time is of
the essence.

         10.2 Name Change.

                  (a) Seller hereby represents, warrants and covenants to
Purchaser that the corporate name of Seller is as set forth on the signature
page hereof and further agrees and acknowledges that such name is included with
the Acquired Assets and that the exclusive right to use such name will be
transferred to Purchaser on the Closing Date. Seller shall, prior to or
simultaneously with the Closing Date, (i) file an appropriate amendment to
Seller's Articles of Incorporation and take all other actions necessary to
change its name to a name which is in no way similar to the corporate name set
forth on the signature page hereof, in Purchaser's judgment; (ii) shall furnish
any written consents and assignments as Purchaser shall hereafter reasonably
request in connection with such name change. Seller further agrees to take all
actions, after the Closing, which are requested by Purchaser to enable Purchaser
to immediately change its name to Seller's present name.

                  (b) In connection with the same, Seller shall remove or cover,
or shall have caused to be removed or covered, no later than 30 days after the
Closing Date, the trademarks and/or trade names transferred pursuant to this
Agreement, or any derivative of such names or marks, from any letterhead,
envelopes, labels, containers, signs, panels, signage and other material or
matter (regardless of medium) not otherwise included in the Acquired Assets.

                       SECTION 11. POST-CLOSING COVENANTS

         11.1. Further Assurances. Following the Closing, Seller and Purchaser
shall execute and deliver such documents, and take such other action, as shall
be reasonably requested by the other party hereto to carry out the transactions
contemplated by this Agreement.

         11.2. Access to Records. For a period of three years after the Closing
Date, Seller shall have the right, at its expense, and during normal business
hours upon prior written notification, to inspect and copy any of the records
relating to the operation of Seller's business delivered to Purchaser in
connection with this transaction, for the purposes of (a) preparing and/or
defending tax returns for the period prior to the Closing Date, (b) obtaining
information relating to claims arising from the operation of Seller's business
prior to the Closing Date or (c) any other commercially reasonable purpose.
During such seven year period, Purchaser shall not destroy or discard such
records. After such seven year period, Purchaser may destroy or discard such
records, but must provide Seller with at least 90 days' prior written notice of
its intentions and shall give Seller the right, at its expense, to remove from
Purchaser's premises any such records within such 90 day period.

                                       16
<PAGE>

         11.3. Non-Competition. Seller hereby agrees that it shall, for a period
from the Closing Date until the fifth anniversary thereof, refrain from,
anywhere within the continental United States, directly or indirectly, owning,
managing, operating, controlling or financing, any business that is engaged in
the business of the research, development, manufacturing, marketing or sale of
dietary or nutritional supplements, drinks, bars, or other similar products
whether web-based or otherwise; provided, however, that the foregoing shall not
apply to the ownership of not more than five percent of the outstanding capital
stock of any company listed by a national securities exchange or an
over-the-counter stock listed by the National Association of Securities Dealers.

         11.4     Insurance Matters.

         (a) Purchaser as "Additional Insured." Effective as of the Closing
Date, Seller shall have included Purchaser as an additional named insured on
Seller's Insurance Policies, including but not limited to, Seller's products
liability insurance with respect to Seller's products, and Seller shall assure
that such policies provide coverage to Purchaser for products sold by Seller
prior to the Closing Date.

         (b) D&O Insurance. Seller shall maintain its existing director and
officer liability insurance, shall maintain the availability of such coverage to
Christopher Tisi for a period of time that is not less than the statute of
limitations for state and federal liability claims, and shall use reasonable
efforts to preserve the existing scope and terms of such coverage during such
period of time; provided, however, Seller's obligation to maintain such coverage
for Christopher Tisi will terminate if and when Seller's director and officer
liability insurance (including any tail coverage and whether pursuant to its
director and officer liability policy in effect as of the date hereof or any
subsequent or replacement policy) for all of its directors and officers lapses
because Seller's Board of Directors has determined that the premiums therefor
are not, in the reasonable opinion of Seller's board of directors, commercially
reasonable. Seller agrees that, effective as of the Closing Date, it will cause
its director and officer liability insurer to, from time to time, timely deliver
directly to Christopher Tisi copies of all notices and other communications
relating to Seller's director and officer liability policy.

         11.5. Confidentiality.

                  (a) Definition of Confidential Information. As used in this
Section 11.5, the term "Confidential Information" includes any and all of the
following information of Seller or Purchaser that has been or may hereafter be
disclosed in any form, whether in writing, orally, electronically or otherwise,
or otherwise made available by observation, inspection or otherwise by either
party (Purchaser on the one hand or Seller on the other hand) or its
Representatives (collectively, a "Disclosing Party") to the other party or its
Representatives (collectively, a "Receiving Party"):

                  (i)      all information that is a trade secret under
                           applicable trade secret or other law;

                  (ii)     all information concerning product specifications,
                           data, know-how, formulae, compositions, processes,
                           designs, sketches, photographs, graphs, drawings,
                           samples, inventions and ideas, past, current and
                           planned research and development, current and planned
                           manufacturing or distribution methods and processes,
                           customer lists, current and anticipated customer
                           requirements, price lists, market studies, business
                           plans, computer hardware, Software and computer
                           software and database technologies, systems,
                           structures and architectures;

                                       17
<PAGE>

                  (iii)    all information concerning the business and affairs
                           of the Disclosing Party (which includes historical
                           and current financial statements, financial
                           projections and budgets, tax returns and accountants'
                           materials, historical, current and projected sales,
                           capital spending budgets and plans, business plans,
                           strategic plans, marketing and advertising plans,
                           publications, client and customer lists and files,
                           contracts, the names and backgrounds of key personnel
                           and personnel training techniques and materials,
                           however documented), and all information obtained
                           from review of the Disclosing Party's documents or
                           property or discussions with the Disclosing Party
                           regardless of the form of the communication;
                           provided, however, all such information relating to
                           Seller's operations after the Closing Date (whether
                           such information was prepared before or after the
                           Closing Date) shall be excluded form the definition
                           of "Confidential Information"; and

                  (iv)     all notes, analyses, compilations, studies, summaries
                           and other material prepared by the Receiving Party to
                           the extent containing or based, in whole or in part,
                           upon any information included in the foregoing.

                  Any trade secrets of a Disclosing Party shall also be entitled
to all of the protections and benefits under applicable trade secret law and any
other applicable law. If any information that a Disclosing Party deems to be a
trade secret is found by a court of competent jurisdiction not to be a trade
secret for purposes of this Section 11.5, such information shall still be
considered Confidential Information of that Disclosing Party for purposes of
this Section 11.5 to the extent included within the definition. In the case of
trade secrets, each of Purchaser and Seller hereby waives any requirement that
the other party submit proof of the economic value of any trade secret or post a
bond or other security.

                  (b) Restricted Use of Confidential Information. Each Receiving
Party acknowledges the confidential and proprietary nature of the Confidential
Information of the Disclosing Party and agrees that such Confidential
Information (i) shall be kept confidential by the Receiving Party; (ii) shall
not be used for any reason or purpose other than to evaluate and consummate the
Contemplated Transactions; and (iii) without limiting the foregoing, shall not
be disclosed by the Receiving Party to any Person, except in each case as
otherwise expressly permitted by the terms of this Agreement or with the prior
written consent of an authorized representative of Seller with respect to
Confidential Information of Seller ("Seller Contact") or an authorized
representative of Purchaser with respect to Confidential Information of
Purchaser ("Purchaser Contact"). Each of Purchaser and Seller shall disclose the
Confidential Information of the other party only to its Representatives who
require such material for the purpose of evaluating the transactions
contemplated hereby and are informed by Purchaser or Seller, as the case may be,
of the obligations of this Section 11.5 with respect to such information. Each
of Purchaser and Seller shall (i) enforce the terms of this Section 11.5 as to
its respective Representatives; (v) take such action to the extent necessary to
cause its Representatives to comply with the terms and conditions of this
Section 11.5; and (vi) be responsible and liable for any breach of the
provisions of this Section 11.5 by it or its Representatives.

                  (c) Unless and until this Agreement is terminated, Seller
shall maintain as confidential any Confidential Information relating to any of
the Acquired Assets or the Assumed Obligations. From and after the Closing Date,
(i) the provisions of Section 11.5(b) above shall not apply to or restrict in
any manner Purchaser's use of any Confidential Information of the Seller
relating to any of the Acquired Assets or the Assumed Obligations; and (ii) the
provisions

                                       18
<PAGE>

of Section 11.5(b) shall apply to and restrict Seller's use of any Confidential
Information relating to the Acquired Assets and the Assumed Obligations.

                  (d) Exceptions. Sections 11.5(b) and (c) do not apply to that
part of the Confidential Information of a Disclosing Party that a Receiving
Party demonstrates (a) was, is or becomes generally available to the public
other than as a result of a breach of this Section 11.5 by the Receiving Party
or its Representatives; (b) was or is developed by the Receiving Party
independently of and without reference to any Confidential Information of the
Disclosing Party; or (c) was, is or becomes available to the Receiving Party on
a nonconfidential basis from a Third Party not bound by a confidentiality
agreement or any legal, fiduciary or other obligation restricting disclosure.
Seller shall not disclose any Confidential Information of Seller relating to any
of the Acquired Assets or the Assumed Obligations in reliance on the exceptions
in clauses (b) or (c) above.

                  (e) Legal Proceedings. If a Receiving Party becomes compelled
in any action, arbitration, audit, hearing, investigation, litigation or suit
(whether civil, criminal, administrative, judicial or investigative) by any
governmental body, court or administrative agency to make any disclosure that is
prohibited or otherwise constrained by this Section 11.5, that Receiving Party
shall provide the Disclosing Party with prompt notice of such compulsion or
request so that it may seek an appropriate protective order or other appropriate
remedy or waive compliance with the provisions of this Section 11.5. In the
absence of a protective order or other remedy, the Receiving Party may disclose
that portion (and only that portion) of the Confidential Information of the
Disclosing Party that, based upon advice of the Receiving Party's counsel, the
Receiving Party is legally compelled to disclose or that has been requested by
such court or governmental body, provided, however, that the Receiving Party
shall use reasonable efforts to obtain reliable assurance that confidential
treatment will be accorded by any Person to whom any Confidential Information is
so disclosed. The provisions of this Section 11.5(e) do not apply to any
Proceedings between the parties to this Agreement.

                  (f) Return or Destruction of Confidential Information. If this
Agreement is terminated, each Receiving Party shall (a) destroy all Confidential
Information of the Disclosing Party prepared or generated by the Receiving Party
without retaining a copy of any such material; (b) promptly deliver to the
Disclosing Party all other Confidential Information of the Disclosing Party,
together with all copies thereof, in the possession, custody or control of the
Receiving Party or, alternatively, with the written consent of a Seller Contact
or a Purchaser Contact (whichever represents the Disclosing Party) destroy all
such Confidential Information; and (c) certify all such destruction in writing
to the Disclosing Party, provided, however, that the Receiving Party may retain
a list that contains general descriptions of the information it has returned or
destroyed to facilitate the resolution of any controversies after the Disclosing
Party's Confidential Information is returned.

                  (g) Attorney-Client Privilege. The Disclosing Party is not
waiving, and will not be deemed to have waived or diminished, any of its
attorney work product protections, attorney-client privileges or similar
protections and privileges as a result of disclosing its Confidential
Information (including Confidential Information related to pending or threatened
litigation) to the Receiving Party, regardless of whether the Disclosing Party
has asserted, or is or may be entitled to assert, such privileges and
protections. The parties (a) share a common legal and commercial interest in all
of the Disclosing Party's Confidential Information that is subject to such
privileges and protections; (b) are or may become joint defendants in
Proceedings to which the Disclosing Party's Confidential Information covered by
such protections and privileges relates; (c) intend that such privileges and
protections remain intact should either party become

                                       19
<PAGE>

subject to any actual or threatened proceeding to which the Disclosing Party's
Confidential Information covered by such protections and privileges relates; and
(d) intend that after the Closing Date, the Receiving Party shall have the right
to assert such protections and privileges. No Receiving Party shall admit, claim
or contend, in Proceedings involving either party or otherwise, that any
Disclosing Party waived any of its attorney work-product protections,
attorney-client privileges or similar protections and privileges with respect to
any information, documents or other material not disclosed to a Receiving Party
due to the Disclosing Party disclosing its Confidential Information (including
Confidential Information related to pending or threatened litigation) to the
Receiving Party.

         11.6. Survival. All representations and warranties of the parties
contained in this Agreement shall survive the Closing for 90 days following the
Closing Date. The covenants and agreements contained in this Agreement shall
survive the execution and delivery hereof and the completion of the transactions
contemplated herein.

                             SECTION 12. TERMINATION

         12.1. Termination Events.

                  (a) Seller may terminate this Agreement by delivery of notice
of termination to Purchaser if:

                           (i) at any time prior to the Closing Date, Purchaser
fails or refuses to perform in
any material respect any obligation or covenant to be performed by it pursuant
to this Agreement prior to the Closing Date and the breach has not been cured
within ten Business Days following the receipt of notice by Purchaser of the
breach; or

                           (ii) at any time prior to the Closing Date, any of
the conditions in Section 8 of this Agreement has not been satisfied as of the
Drop Dead Date or, if satisfaction of such a condition is or becomes impossible
(other than through the failure of such Seller to comply with its obligations
under this Agreement), Seller have not waived such condition on or before Drop
Dead Date.

                   (b) Purchaser may terminate this Agreement by delivery of
notice of termination to Seller if any time prior to the Closing Date:

                           (i) Seller does not file the Bankruptcy Case within
20 calendar days after the date Purchaser executes (as reflected in Purchaser's
signature block) and delivers this signed Agreement to Seller; or

                           (ii) Seller fails to obtain either (i) a confirmed
plan of reorganization approving this Agreement and the transactions
contemplated hereby; or (ii) an order approving the sale contemplated hereby
outside of a plan of reorganization, by the Drop Dead Date; or

                           (iii) Any of the conditions set forth in Section 7 of
this Agreement has not been satisfied as of the Closing Date or, if satisfaction
of such a condition is or becomes impossible (other than through the failure of
Purchaser to comply with its obligations under this Agreement), Purchaser has
not waived such condition on or before the Drop Dead Date; or

                           (iv) Seller fails or refuses to perform in any
material respect any obligation or covenant to be performed by it pursuant to
this Agreement prior to the Closing

                                       20
<PAGE>

Date that has not been cured within ten Business Days following receipt of
notice of the breach; or

                           (v) It shall become impossible for Seller to make the
representations otherwise required to be made by Seller at Closing.

                   (c) The parties may terminate this Agreement at any time
prior to the Closing Date by mutual written consent; or

                  (c) Any party may terminate this Agreement by delivery of
notice of termination to the other party if the Closing has not occurred on or
before the Drop Dead Date, or such later date as the parties may agree upon in
writing.

         12.2. Effect of Termination. Each party's right of termination under
Section 12 is in addition to any other rights it may have under this Agreement
or otherwise, and the exercise of a right of termination shall not be an
election of remedies. If this Agreement is terminated pursuant to this Section,
all further obligations of the parties under this Agreement shall terminate,
except that the rights and obligations in Sections 13.4 (Expenses), and 13.6
(Governing Law), of this Agreement shall survive.

         12.3. Liquidated Damages; Refund of Escrow Amount. Purchaser and Seller
agree that damages to Seller for a breach by Purchaser of this Agreement would
be difficult or impossible to calculate with any certainty. Accordingly, as
liquidated damages, and not as a penalty, in the event Seller terminates this
Agreement because of the breach of the Agreement by Purchaser or because one or
more of the conditions of the Seller's obligations under this Agreement are not
satisfied as a result of the Purchaser's failure to comply with its obligations
under this Agreement, then Seller shall retain the Escrow Amount. If this
Agreement is terminated for any reason other than the breach by Purchaser of any
of the terms and conditions hereof, Seller agrees to cause the Escrow Amount to
be distributed from escrow to Purchaser.

                            SECTION 13. MISCELLANEOUS

         13.1. Severability. Should any part of this Agreement for any reason be
declared invalid, such decision shall not affect the validity of any remaining
portion, which remaining portion shall remain in full force and effect as if
this Agreement had been executed with the invalid portion thereof eliminated and
it is hereby declared the intention of the parties hereto that they would have
executed the remaining portion of this Agreement without including thereon any
such part, parts, or portion which may, for any reason, be hereafter declared
invalid.

         13.2. Counterparts; Facsimile. This Agreement may be executed in
counterparts, each of which shall be deemed an original and all of which, taken
together, shall constitute one Agreement. The exchange of copies of this
Agreement and of signature pages by facsimile transmission shall constitute
effective execution and delivery of this Agreement as to the parties and may be
used in lieu of the original for all purposes. Signatures of the parties
transmitted by facsimile shall be deemed to be their original signatures for all
purposes.

         13.3. Headings. Section headings used in this Agreement have no legal
significance and are used solely for convenience of reference.

                                       21
<PAGE>

         13.4. Expenses. Except as otherwise specifically provided herein, each
party shall pay its own expenses, including, without limitation, accountants'
and attorneys' fees incurred in connection with the negotiation and consummation
of the transactions contemplated by this Agreement, whether or not such
transactions are consummated.

         13.5. Transfer Taxes; Recording Fees. Any income, sales, transfer, use
or excise taxes payable in connection with these transactions shall be paid by
the party responsible therefor under applicable local law.

         13.6. Law Governing. This Agreement shall be deemed to have been
entered into under the laws of the State of Florida, and the rights and
obligations of the parties hereunder shall be governed and determined according
to the laws of said state without giving any effect to conflict of laws.

         13.7. Binding Effect and Assignment. This Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective
permitted successors and assigns; but neither this Agreement nor any of the
rights, benefits or obligations hereunder shall be assigned, by operation of law
or otherwise, by Seller without the prior written consent of Purchaser which may
be withheld in its sole discretion. Nothing in this Agreement, express or
implied, is intended to confer upon any person or entity other than the parties
hereto and to a limited extent, Christopher Tisi, and their respective permitted
successors and assigns, any rights, benefits or obligations hereunder.

         13.8. Entire Agreement. This Agreement and the schedules and documents
delivered pursuant hereto constitute the entire contract between the parties
hereto pertaining to the subject matter hereof and supersede all prior and
contemporaneous agreements, understandings, negotiations and discussions,
whether written or oral (including any letter of intent and any confidentiality
agreement between Seller and Purchaser). No supplement, modification or waiver
of this Agreement shall be binding unless executed in writing by the party or
parties to be bound thereby. No delay in the exercise of any rights by any party
hereunder shall operate as a waiver of any rights of such party.

         13.9. Notices. All notices, demands and other communications required
or permitted by this Agreement shall be in writing and shall be deemed to have
been duly given to a party when (a) delivered to the appropriate address by hand
or by nationally recognized overnight courier service (costs prepaid); (b) sent
by facsimile with confirmation of transmission by the transmitting equipment; or
(c) received or rejected by the addressee, if sent by certified mail, return
receipt requested, in each case to the following addresses and marked to the
attention of the person (by name or title) designated below (or to such other
address, facsimile or person as a party may designate by notice to the other
parties):

        If to Purchaser:                   With a copy to:

         TeeZee, Inc.                       Astigarraga Davis Mullins & Grossman
         ________________                   701 Brickell Avenue, 18th Floor
         ________________                   Miami, Florida 33131
         Attn: Christopher Tisi, President  Attn: Gregory S. Grossman
         Facsimile:                         Facsimile:

                                       22
<PAGE>

        If to Seller:                      With a copy to:

         Health & Nutrition Systems          Berger Singerman
         International, Inc. [new name]      350 East Las Olas Boulevard
         [insert address]                    Suite 1000
         Attn:  James A. Brown, Chief        Fort Lauderdale, Florida 33301
         Executive Officer                   Attn: Arthur J. Spector
         Facsimile: 561-892-3171             Facsimile: 954-523-2872

or to such other address as Seller or Purchaser may designate by notice to the
other.

         13.10 Attorneys' Fees. In the event that a suit for the collection of
any damages resulting from, or for the injunction of any action constituting, a
breach of any of the terms or provisions of this Agreement, then the
non-prevailing party shall pay all reasonable costs, fees (including reasonable
attorneys' fees) and expenses of the prevailing party.

         13.12 Enforcement of Agreement. Seller acknowledges and agrees that
Purchaser would be irreparably damaged if any of the provisions of this
Agreement are not performed in accordance with their specific terms and that any
breach of this Agreement by Seller could not be adequately compensated in all
cases by monetary damages alone. Accordingly, in addition to any other right or
remedy to which Purchaser may be entitled, at law or in equity, it shall be
entitled to enforce any provision of this Agreement by a decree of specific
performance and to temporary, preliminary and permanent injunctive relief to
prevent breaches or threatened breaches of any of the provisions of this
Agreement, without posting any bond or other undertaking. Notwithstanding the
foregoing, (a) Purchaser shall not be entitled to any remedy hereunder unless
and until the Bankruptcy Court enters an order authorizing the sale of the
Seller's Assets pursuant to the Bankruptcy Auction Procedures set forth in
Exhibit 7.8 (the "Sale Order"), (b) after entry of the Sale Order and before
Closing, Purchaser shall not be entitled to damages (other than the breakup fee
described in Exhibit 7.8) and its remedy hereunder shall be limited to specific
performance, and (c) after Closing, should Purchaser seek damages in lieu of or
in addition to specific performance for the inaccuracy or breach of Seller's
representations or warranties under this Agreement, Purchaser shall make claim
therefor not later than 90 days after the Closing Date. If a claim is not timely
made, all remedies thereafter are barred.

         13.13 Waiver; Remedies Cumulative. With the exceptions noted above, the
rights and remedies of the parties to this Agreement are cumulative and not
alternative. Neither any failure nor any delay by any party in exercising any
right, power or privilege under this Agreement or any of the documents referred
to in this Agreement will operate as a waiver of such right, power or privilege,
and no single or partial exercise of any such right, power or privilege will
preclude any other or further exercise of such right, power or privilege or the
exercise of any other right, power or privilege. To the maximum extent permitted
by applicable law, (a) no claim or right arising out of this Agreement or any of
the documents referred to in this Agreement can be discharged by one party, in
whole or in part, by a waiver or renunciation of the claim or right unless in
writing signed by the other party; (b) no waiver that may be given by a party
will be applicable except in the specific instance for which it is given; and
(c) no notice to or demand on one party will be deemed to be a waiver of any
obligation of that party or of the right of the party giving such notice or
demand to take further action without notice or demand as provided in this
Agreement or the documents referred to in this Agreement.

                                       23
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement, all as of the day and year first above written.

                                 PURCHASER:

                                 TeeZee, Inc.

                                 /s/Christopher Tisi
                                 By: Christopher Tisi,
                                 Title: President
                                 Date:  10/15/04

                                 SELLER:

                                 HEALTH & NUTRITION SYSTEMS INTERNATIONAL, INC.

                                 /s/James A. Brown
                                 ------------------------------
                                 By: James A. Brown,
                                 Title: Chief Executive Officer
                                 Date:  10/15/04

                                       24
<PAGE>

                                    SCHEDULES

The Registrant agrees to furnish supplementally a copy of any omitted schedule
to the Commission upon request.

Schedule 2.1(a)            Excluded Assets
Schedule 2.1(c)(1)         Limited Assumed Obligations
Schedule 2.1(c)(2)         Other Assumed Obligations
Schedule 2.1(d)            Excluded Obligations

[To be Completed by Seller]
Schedule 5.3               Required Consents
Schedule 5.5               Litigation
Schedule 5.6               Material Contracts
Schedule 5.7               Balance Sheet
Schedule 5.9               Taxes
Schedule 5.10              Intellectual Property Assets
Schedule 5.11(a)           Insurance Policies
Schedule 5.11(b)           Insurance Claims
Schedule 5.12              Liens

                                    EXHIBITS

Exhibit 7.8                Bankruptcy Auction Procedures

                                       25
<PAGE>

Exhibit 7.8 - Bankruptcy Auction Procedures

1. Auction Will Be Subject To Higher And Better Bids By Qualifying Bidders

2. Qualifying Bidders

         a.       Must make written bid and execute a non-disclosure agreement

         b.       Not subject to financing or due diligence contingencies

         c.       Purchaser entitled to copies of any due diligence materials
                  provided to other potential bidders

         d.       Substantially similar to Asset Purchase Agreement proposed by
                  Purchaser

         e.       Must provide counsel for Purchaser will copy of written bid

         f.       Bid must be received no later than three Business Days before
                  auction

         g.       Must be a higher and better bid (see below) than Purchaser's
                  bid

         h.       Must put up good faith deposit equal to the Estimated Expense
                  Reimbursement (see below) plus the Escrow Amount

                  i.       This deposit is refundable if bid is not accepted

                  ii.      If bid accepted, this deposit is used to pay the
                           Estimated Expense Reimbursement (see below) and
                           remaining deposit is used to fund the Escrow Amount.

3. Higher and Better Bids

         a.       The first overbid must be at least $30,000 more than the
                  Purchase Price of Purchaser.

         b.       Except as provided below, higher bids must be for no less than
                  $10,000 over the previous highest bid.

4. Expense Reimbursement/Breakup Fee: If Purchaser is unsuccessful bidder, it is
   entitled to reimbursement of (a) its actually incurred professional fees and
   costs, plus (b) $75 per hour for each hour spent by Tisi in connection with
   the process; but in no event shall the breakup fee exceed $30,000.

                                       26URANIUM POWER CORPORATION
                             2004 STOCK OPTION PLAN

      A.    1.    Purposes  of and  Benefits  Under  the Plan.  This 2004  Stock
Option Plan (the "Plan") is intended to encourage  stock ownership by employees,
consultants,  officers  and  directors  of  Uranium  Power  Corporation  and its
controlled,    affiliated   and   subsidiary   entities    (collectively,    the
"Corporation"),  so that they may acquire or increase their proprietary interest
in the Corporation,  and is intended to facilitate the Corporation's efforts to:
(i)  induce  qualified  persons  to become  employees,  officers  and  directors
(whether or not they are employees) and  consultants  to the  Corporation;  (ii)
compensate  employees,  officers,  directors and consultants for services to the
Corporation;  and (iii)  encourage  such  persons  to remain in the employ of or
associated with the Corporation and to put forth maximum efforts for the success
of the Corporation. It is further intended that options granted by the Committee
pursuant to Section 6 of this Plan shall  constitute  "incentive  stock options"
("Incentive  Stock  Options")  within the meaning of Section 422 of the Internal
Revenue Code, and the regulations issued thereunder,  and options granted by the
Committee  pursuant  to Section 7 of this Plan shall  constitute  "non-qualified
stock options" ("Non-qualified Stock Options").  "Options" means options granted
pursuant to the  provisions  of this Plan,  whether  Incentive  Stock Options or
Non-qualified Stock Options.

            2.    Definitions.  As used in this Plan,  the  following  words and
phrases shall have the meanings indicated:

                  (a)   "Board"  shall  mean  the  Board  of  Directors  of  the
Corporation.

                  (b)   "Bonus" means any Common Stock bonus issued  pursuant to
the provisions of this Plan.

                  (c)   "Committee"  shall mean any  Committee  appointed by the
Board to administer  this Plan, if one has been  appointed.  If no Committee has
been appointed, the term "Committee" shall mean the Board.

                  (d)   "Common  Stock" shall mean the  Corporation's  $.001 par
value common stock.

                  (e)   "Disability"  shall  mean  a  Recipient's  inability  to
engage  in  any  substantial   gainful  activity  by  reason  of  any  medically
determinable  physical  or mental  impairment  that can be expected to result in
death or that has lasted or can be expected to last for a  continuous  period of
not less than 12 months. If the Recipient has a disability insurance policy, the
term "Disability" shall be as defined therein.

                  (f)   "Fair Market  Value" per share as of a  particular  date
shall mean the last sale price of the Corporation's  Common Stock as reported on
a national  securities  exchange or by NASDAQ,  or if the quotation for the last
sale reported is not available for the  Corporation's  Common Stock, the average
of the  closing bid and asked  prices of the  Corporation's  Common  Stock as so
reported or, if such  quotations are  unavailable,  the value  determined by the

                                       1
<PAGE>

Committee in accordance  with its  discretion in making a bona fide,  good faith
determination  of fair  market  value.  Fair Market  Value  shall be  determined
without regard to any restriction other than a restriction  which, by its terms,
never will lapse.  In the case of Options and Bonuses granted at a time when the
Corporation  does not have a  registration  statement in effect  relating to the
shares issuable hereunder, the value at which the Bonus shares are issued may be
determined by the  Committee at a reasonable  discount from Fair Market Value to
reflect the  restricted  nature of the shares to be issued and the  inability of
the Recipient to sell those shares promptly.

                  (g)   "Recipient"  means  any  person  granted  an  Option  or
awarded a Bonus hereunder.

                  (h)   "Internal  Revenue  Code"  shall mean the United  States
Internal  Revenue Code of 1986, as amended from time to time  (codified as Title
26 of the United States Code) and any successor legislation.

            3.    Administration.

                  (a)   The Plan shall be  administered  by the  Committee.  The
Committee  shall  have  the  authority  in its  discretion,  subject  to and not
inconsistent with the express provisions of the Plan, to administer the Plan and
to exercise all the powers and authorities either  specifically  conferred under
the Plan or necessary or advisable in the administration of the Plan,  including
the authority:  to grant Options and Bonuses;  to determine the vesting schedule
and other  restrictions,  if any, relating to Options and Bonuses;  to determine
the  purchase  price of the shares of Common  Stock  covered by each Option (the
"Option  Price");  to  determine  the persons to whom,  and the time or times at
which,  Options and Bonuses shall be granted;  to determine the number of shares
to be covered by each Option or Bonus; to determine Fair Market Value per share;
to interpret  the Plan; to  prescribe,  amend and rescind rules and  regulations
relating  to the Plan;  to  determine  the terms and  provisions  of the  Option
agreements (which need not be identical) entered into in connection with Options
granted under the Plan; and to make all other determinations deemed necessary or
advisable for the  administration of the Plan. The Committee may delegate to one
or more of its members or to one or more agents such administrative duties as it
may deem  advisable,  and the  Committee or any person to whom it has  delegated
duties as aforesaid may employ one or more persons to render advice with respect
to any responsibility the Committee or such person may have under the Plan.

                  (b)   Options  and  Bonuses  granted  under the Plan  shall be
evidenced by duly adopted  resolutions of the Committee  included in the minutes
of the meeting at which they are adopted or in a unanimous written consent.

                  (c)   The Committee  shall endeavor to administer the Plan and
grant  Options and Bonuses  hereunder  in a manner that is  compatible  with the
obligations of persons subject to Section 16 of the U.S. Securities Exchange Act
of 1934 (the "1934 Act"),  although compliance with Section 16 is the obligation
of the Recipient, not the Corporation.  Neither the Committee, the Board nor the
Corporation  can assume any legal  responsibility  for a Recipient's  compliance
with his obligations under Section 16 of the 1934 Act.

                                       2
<PAGE>

                  (d)   No member of the  Committee or the Board shall be liable
for any action  taken or  determination  made in good faith with  respect to the
Plan or any Option or Bonus granted hereunder.

            4.    Eligibility.

                  (a)   Subject to certain  limitations  hereinafter  set forth,
Options  and  Bonuses  may be  granted to  employees  (including  officers)  and
consultants  to  and  directors  (whether  or not  they  are  employees)  of the
Corporation or its present or future divisions,  affiliates and subsidiaries. In
determining  the  persons to whom  Options or Bonuses  shall be granted  and the
number of shares to be covered by each Option or Bonus, the Committee shall take
into account the duties of the respective  persons,  their present and potential
contributions to the success of the  Corporation,  and such other factors as the
Committee shall deem relevant to accomplish the purposes of the Plan.

                  (b)   A Recipient  shall be eligible to receive  more than one
grant of an  Option  or Bonus  during  the term of the  Plan,  on the  terms and
subject to the restrictions herein set forth.

            5.    Stock Reserved.

                  (a)   The stock subject to Options or Bonuses  hereunder shall
be shares of Common Stock.  Such shares,  in whole or in part, may be authorized
but unissued  shares or shares that shall have been or that may be reacquired by
the  Corporation.  The  aggregate  number of shares of Common  Stock as to which
Options and  Bonuses  may be granted  from time to time under the Plan shall not
exceed 900,000, subject to adjustment as provided in Section 8(i) hereof.

                  (b)   If any Option  outstanding under the Plan for any reason
expires or is terminated  without having been exercised in full, or if any Bonus
granted is  forfeited  because of vesting or other  restrictions  imposed at the
time of grant,  the shares of Common Stock allocable to the unexercised  portion
of such Option or the forfeited  portion of the Bonus shall become available for
subsequent grants of Options and Bonuses under the Plan.

            6.    Incentive Stock Options.

                  (a)   Options granted  pursuant to this Section 6 are intended
to  constitute  Incentive  Stock  Options and shall be subject to the  following
special terms and  conditions,  in addition to the general terms and  conditions
specified  in  Section 8 hereof.  Only  employees  of the  Corporation  shall be
entitled to receive Incentive Stock Options.

                  (b)   The aggregate  Fair Market Value  (determined  as of the
date the  Incentive  Stock Option is granted) of the shares of Common Stock with
respect to which  Incentive  Stock Options granted under this and any other plan
of  the  Corporation  or  any  parent  or  subsidiary  of  the  Corporation  are
exercisable  for the first time by a Recipient  during any calendar year may not
exceed the amount set forth in Section 422(d) of the Internal Revenue Code.

                                       3
<PAGE>

                  (c)   Incentive  Stock  Options  granted  under  this Plan are
intended to satisfy all  requirements  for incentive stock options under Section
422 of the  Internal  Revenue  Code  and the  Treasury  Regulations  promulgated
thereunder and,  notwithstanding  any other provision of this Plan, the Plan and
all  Incentive  Stock Options  granted  under it shall be so construed,  and all
contrary  provisions  shall be so limited in scope and effect and, to the extent
they cannot be so limited, they shall be void.

            7.    Non-qualified Stock Options.  Options granted pursuant to this
Section 7 are intended to  constitute  Non-qualified  Stock Options and shall be
subject only to the general terms and conditions specified in Section 8 hereof.

            8.    Terms and Conditions of Options.  Each Option granted pursuant
to the Plan  shall be  evidenced  by a  written  Option  agreement  between  the
Corporation and the Recipient,  which agreement  shall be  substantially  in the
form of Exhibit A hereto as modified  from time to time by the  Committee in its
discretion,  and which shall comply with and be subject to the  following  terms
and conditions:

                  (a)   Number of Shares.  Each Option agreement shall state the
number of shares of Common Stock covered by the Option.

                  (b)   Type of Option. Each Option Agreement shall specifically
identify the portion, if any, of the Option which constitutes an Incentive Stock
Option and the portion, if any, which constitutes a Non-qualified Stock Option.

                  (c)   Option  Price.  Subject to  adjustment  as  provided  in
Section 8 (i) hereof,  each Option agreement shall state the Option Price, which
shall be determined by the Committee subject only to the following restrictions:

                        (1)   Each  Option  Agreement  shall  state  the  Option
Price,  which  (except as  otherwise  set forth in  paragraphs  8(c)(2)  and (3)
hereof)  shall not be less than 100% of the Fair  Market  Value per share on the
date of grant of the Option.

                        (2)   Any Incentive  Stock Option granted under the Plan
to a person owning more than ten percent of the total  combined  voting power of
the  Common  Stock  shall be at a price of no less than 110% of the Fair  Market
Value per share on the date of grant of the Incentive Stock Option.

                        (3)   Any  Non-qualified  Stock Option granted under the
Plan shall be at a price determined and specified by the Board,  which price may
be an amount less than the Fair  Market  Value per share on the date of grant of
the Non-qualified Stock Option.

                        (4)   The  date  on  which   the   Committee   adopts  a
resolution  expressly  granting an Option shall be  considered  the day on which
such option is granted, unless a future date is specified in the resolution.

                                       4
<PAGE>

                  (d)   Term of Option.  Each Option  agreement  shall state the
period during and times at which the Option shall be exercisable,  in accordance
with the following limitations:

                        (1)   The  date  on  which   the   Committee   adopts  a
resolution  expressly  granting an Option shall be  considered  the day on which
such Option is granted,  unless a future date is  specified  in the  resolution,
although any such grant shall not be effective  until the Recipient has executed
an Option agreement with respect to such Option.

                        (2)   The exercise period of any Option shall not exceed
ten years from the date of grant of the Option.

                        (3)   Incentive Stock Options granted to a person owning
more than ten percent of the total combined  voting power of the Common Stock of
the Corporation shall be for no more than five years.

                        (4)   The   Committee   shall  have  the   authority  to
accelerate or extend the  exercisability of any outstanding  Option at such time
and under such  circumstances as it, in its sole discretion,  deems appropriate.
In any event,  no exercise period may be so extended to increase the term of the
Option beyond ten years from the date of the grant.

                        (5)   The  exercise  period  shall be subject to earlier
termination  as provided in Sections  8(f) and 8(g)  hereof,  and,  furthermore,
shall be terminated  upon  surrender of the Option by the holder thereof if such
surrender has been authorized in advance by the Committee.

                  (e)   Method of Exercise and Medium and Time of Payment.

                        (1)   An Option may be  exercised as to any or all whole
shares of Common Stock as to which it then is  exercisable,  provided,  however,
that no Option may be  exercised  as to less than 100 shares (or such  number of
shares as to which the Option is then  exercisable  if such  number of shares is
less than 100).

                        (2)   Each  exercise  of an  Option  granted  hereunder,
whether  in  whole or in  part,  shall be  effected  by  written  notice  to the
Secretary of the  Corporation  designating  the number of shares as to which the
Option is being  exercised,  and shall be  accompanied by payment in full of the
Option Price for the number of shares so  designated,  together with any written
statements  required by, or deemed by the Corporation's  counsel to be advisable
pursuant to, any applicable securities laws.

                        (3)   The  Option  Price  shall be paid in  cash,  or in
shares of Common Stock having a Fair Market Value equal to such Option Price, or
in property or in a combination  of cash,  shares and property  and,  subject to
approval  of the  Committee,  may be  effected  in whole or in part  with  funds
received from the  Corporation  at the time of exercise as a  compensatory  cash
payment.

                                       5
<PAGE>

                        (4)   The  Committee  shall  have the sole and  absolute
discretion to determine  whether or not property other than cash or Common Stock
may be used to  purchase  the shares of Common  Stock  hereunder  and, if so, to
determine the value of the property received.

                        (5)   The  Recipient   shall  make   provision  for  the
withholding of taxes as required by Section 10 hereof.

                  (f)   Termination.

                        (1)   Unless otherwise  provided in the Option Agreement
by and between the Corporation and the Recipient,  if the Recipient ceases to be
an employee,  officer,  director or consultant of the Corporation (other than by
reason of death,  Disability or retirement),  all Options theretofore granted to
such  Recipient  but not  theretofore  exercised  shall  terminate  three months
following the date the Recipient ceased to be an employee,  officer, director or
consultant of the Corporation,  and shall terminate upon the date of termination
of employment or other relationship if discharged for cause.

                        (2)   Nothing  in the  Plan or in any  Option  or  Bonus
granted  hereunder  shall confer upon an individual any right to continue in the
employ of or other  relationship  with the  Corporation  or interfere in any way
with  the  right  of the  Corporation  to  terminate  such  employment  or other
relationship between the individual and the Corporation.

                  (g)   Death,  Disability or  Retirement  of Recipient.  Unless
otherwise  provided in the Option  Agreement by and between the  Corporation and
the Recipient, if a Recipient shall die while an employee,  officer, director or
consultant of the  Corporation,  or within ninety days after the  termination of
such  Recipient  as an employee,  officer,  director or  consultant,  other than
termination for cause, or if the Recipient's  relationship  with the Corporation
shall terminate by reason of Disability or retirement,  all Options  theretofore
granted to such Recipient (whether or not otherwise  exercisable) unless earlier
terminated in accordance with their terms,  may be exercised by the Recipient or
by the Recipient's estate or by a person who acquired the right to exercise such
Options  by  bequest  or  inheritance  or  otherwise  by  reason of the death or
Disability  of the  Recipient,  at any time  within  one year  after the date of
death, Disability or retirement of the Recipient; provided, however, that in the
case of Incentive  Stock Options such one-year  period shall be limited to three
months in the case of retirement.

                  (h)   Transferability Restriction.

                        (1)   Options  granted  under  the  Plan  shall  not  be
transferable  other than by will or by the laws of descent and  distribution  or
pursuant  to a qualified  domestic  relations  order as defined by the  Internal
Revenue Code or Title I of the Employee  Retirement Income Security Act of 1974,
or the rules  thereunder.  Options may be  exercised  during the lifetime of the
Recipient only by the Recipient and thereafter only by his legal representative.

                                       6
<PAGE>

                        (2)   Any   attempted    sale,    pledge,    assignment,
hypothecation  or other transfer of an Option contrary to the provisions  hereof
and/or the levy of any execution,  attachment or similar process upon an Option,
shall be null and  void and  without  force or  effect  and  shall  result  in a
termination of the Option.

                        (3)   (A) As a condition  to the  transfer of any shares
of Common Stock issued upon exercise of an Option  granted under this Plan,  the
Corporation may require an opinion of counsel,  satisfactory to the Corporation,
to the effect that such transfer will not be in violation of the U.S. Securities
Act of 1933, as amended (the "1933 Act") or any other applicable securities laws
or that such transfer has been registered under federal and all applicable state
securities  laws. (B) Further,  the  Corporation  shall be authorized to refrain
from  delivering or  transferring  shares of Common Stock issued under this Plan
until the Committee  determines  that such delivery or transfer will not violate
applicable securities laws and the Recipient has tendered to the Corporation any
federal,  state or local tax owed by the Recipient as a result of exercising the
Option  or  disposing  of any  Common  Stock  when the  Corporation  has a legal
liability  to  satisfy  such tax.  (C) The  Corporation  shall not be liable for
damages due to delay in the  delivery or issuance of any stock  certificate  for
any reason whatsoever,  including, but not limited to, a delay caused by listing
requirements of any securities  exchange or any registration  requirements under
the 1933 Act, the 1934 Act, or under any other state, federal or provincial law,
rule or  regulation.  (D) The  Corporation  is under no  obligation  to take any
action or incur any  expense in order to  register  or qualify  the  delivery or
transfer  of shares of  Common  Stock  under  applicable  securities  laws or to
perfect any exemption from such registration or qualification.  (E) Furthermore,
the  Corporation  will not be liable to any  Recipient for failure to deliver or
transfer  shares of Common Stock if such failure is based upon the provisions of
this paragraph.

                  (i)   Effect of Certain Changes.

                        (1)   If there is any  change in the number of shares of
outstanding Common Stock through the declaration of stock dividends,  or through
a  recapitalization  resulting in stock splits or  combinations  or exchanges of
such shares,  the number of shares of Common Stock available for Options and the
number of such shares covered by outstanding Options, and the exercise price per
share of the  outstanding  Options,  shall be  proportionately  adjusted  by the
Committee to reflect any increase or decrease in the number of issued  shares of
Common Stock; provided,  however, that any fractional shares resulting from such
adjustment shall be eliminated.

                        (2)   In  the  event  of  the  proposed  dissolution  or
liquidation  of  the  Corporation,  or any  corporate  separation  or  division,
including,  but not limited to, split-up,  split-off or spin-off, or a merger or
consolidation  of the Corporation  with another  corporation,  the Committee may
provide that the holder of each Option then exercisable  shall have the right to
exercise such Option (at its then current  Option Price) solely for the kind and
amount  of  shares  of  stock  and  other  securities,  property,  cash  or  any
combination  thereof  receivable upon such dissolution,  liquidation,  corporate
separation or division,  or merger or consolidation by a holder of the number of
shares  of Common  Stock  for  which  such  Option  might  have  been  exercised
immediately  prior to such  dissolution,  liquidation,  corporate  separation or
division,  or merger or consolidation;  or, in the alternative the Committee may
provide  that each Option  granted  under the Plan shall  terminate as of a date
fixed by the Committee;  provided,  however, that not less than 30 days' written
notice of the date so fixed shall be given to each Recipient, who shall have the
right, during the period of 30 days preceding such termination,  to exercise the
Option  as to all or any part of the  shares of Common  Stock  covered  thereby,
including shares as to which such Option would not otherwise be exercisable.

                                       7
<PAGE>

                        (3)   Paragraph 2 of this  Section 8 (i) shall not apply
to a  merger  or  consolidation  in  which  the  Corporation  is  the  surviving
corporation  and shares of Common Stock are not converted  into or exchanged for
stock,  securities of any other  corporation,  cash or any other thing of value.
Notwithstanding the preceding  sentence,  in case of any consolidation or merger
of another  corporation  into the  Corporation  in which the  Corporation is the
surviving  corporation  and in  which  there  is a  reclassification  or  change
(including  a change  to the right to  receive  cash or other  property)  of the
shares of Common Stock (excluding a change in par value, or from no par value to
par  value,  or any  change as a result of a  subdivision  or  combination,  but
including  any  change  in such  shares  into two or more  classes  or series of
shares),  the  Committee  may  provide  that  the  holder  of each  Option  then
exercisable shall have the right to exercise such Option solely for the kind and
amount  of shares of stock  and  other  securities  (including  those of any new
direct or indirect parent of the Corporation), property, cash or any combination
thereof receivable upon such reclassification,  change,  consolidation or merger
by the  holder of the  number of shares of Common  Stock for which  such  Option
might have been exercised.

                        (4)   In the  event of a change in the  Common  Stock of
the Corporation as presently  constituted  into the same number of shares with a
different par value,  the shares  resulting from any such change shall be deemed
to be the Common Stock of the Corporation within the meaning of the Plan.

                        (5)   To  the  extent  that  the  foregoing  adjustments
relate to stock or securities of the Corporation, such adjustments shall be made
by the Committee,  whose  determination in that respect shall be final,  binding
and conclusive,  provided that each Incentive  Stock Option granted  pursuant to
this Plan shall not be  adjusted  in a manner that causes such option to fail to
continue to qualify as an Incentive  Stock Option  within the meaning of Section
422 of the Internal Revenue Code.

                        (6)   Except as expressly provided in this Section 8(i),
the Recipient shall have no rights by reason of any subdivision or consolidation
of shares of stock of any class,  or the  payment of any stock  dividend  or any
other increase or decrease in the number of shares of stock of any class,  or by
reason of any dissolution,  liquidation, merger, or consolidation or spin-off of
assets or stock of  another  corporation;  and any issue by the  Corporation  of
shares of stock of any class, or securities  convertible into shares of stock of
any class,  shall not affect,  and no adjustment by reason thereof shall be made
with  respect  to, the number or price of shares of Common  Stock  subject to an
Option.  The grant of an Option pursuant to the Plan shall not affect in any way
the right or power of the  Corporation to make  adjustments,  reclassifications,
reorganizations or changes of its capital or business structures, or to merge or
consolidate,  or to dissolve,  liquidate, or sell or transfer all or any part of
its business or assets.

                                       8
<PAGE>

                  (j)   No Rights as Shareholder - Non-Distributive Intent.

                        (1)   Neither  a   Recipient   of  an  Option  nor  such
Recipient's legal representative,  heir, legatee or distributee, shall be deemed
to be the  holder  of, or to have any rights of a holder  with  respect  to, any
shares subject to such Option until after the Option is exercised and the shares
are issued.

                        (2)   No   adjustment   shall  be  made  for   dividends
(ordinary or  extraordinary,  whether in cash,  securities or other property) or
distributions  or other  rights for which the  record  date is prior to the date
such stock certificate is issued, except as provided in Section 8(i) hereof.

                        (3)   Upon exercise of an Option at a time when there is
no  registration  statement  in effect under the 1933 Act relating to the shares
issuable  upon  exercise,  shares  may be  issued to the  Recipient  only if the
Recipient  represents and warrants in writing to the Corporation that the shares
purchased  are  being  acquired  for  investment  and  not  with a  view  to the
distribution thereof and provides the Corporation with sufficient information to
establish an exemption  from the  registration  requirements  of the 1933 Act. A
form of subscription agreement containing  representations and warranties deemed
sufficient as of the date of adoption of this Plan is attached hereto as Exhibit
B.

                        (4)   No shares  shall be issued upon the exercise of an
Option  unless  and  until  there  shall  have  been  compliance  with  any then
applicable  requirements of the U.S.  Securities and Exchange  Commission or any
other regulatory agencies having jurisdiction over the Corporation.

                  (k)   Other Provisions. Option Agreements authorized under the
Plan may contain such other provisions,  including,  without limitation, (i) the
imposition  of  restrictions  upon  the  exercise,  and  (ii) in the  case of an
Incentive  Stock Option,  the inclusion of any condition not  inconsistent  with
such Option qualifying as an Incentive Stock Option, as the Committee shall deem
advisable.

            9.    Grant of Stock  Bonuses.  In  addition  to, or in lieu of, the
grant of an Option, the Committee may grant Bonuses.

                  (a)   At the  time of  grant of a  Bonus,  the  Committee  may
impose a vesting period of up to ten years, and such other restrictions which it
deems  appropriate.  Unless  otherwise  directed by the Committee at the time of
grant  of a Bonus,  the  Recipient  shall be  considered  a  shareholder  of the
Corporation  as to the Bonus shares which have vested in the grantee at any time
regardless of any forfeiture provisions which have not yet arisen.

                  (b)   The grant of a Bonus and the  issuance  and  delivery of
shares of Common  Stock  pursuant  thereto  shall be subject to  approval by the
Corporation's  counsel of all legal matters in connection  therewith,  including
compliance with the requirements of the 1933 Act, the 1934 Act, other applicable
securities  laws,  rules  and  regulations,  and the  requirements  of any stock
exchanges  upon which the Common  Stock  then may be  listed.  Any  certificates
prepared to evidence  Common Stock  issued  pursuant to a Bonus grant shall bear
legends as the Corporation's  counsel may seem necessary or advisable.  Included
among the foregoing  requirements,  but without  limitation,  any Recipient of a
Bonus at a time when a registration  statement relating thereto is not effective
under the 1933 Act shall execute a Subscription  Agreement  substantially in the
form of Exhibit B.

                                       9
<PAGE>

            10.   Agreement  by  Recipient  Regarding  Withholding  Taxes.  Each
Recipient  agrees that the  Corporation,  to the extent permitted or required by
law,  shall  deduct a  sufficient  number of shares  due to the  Recipient  upon
exercise of the Option or the grant of a Bonus to allow the  Corporation  to pay
federal,  provincial,  state and local  taxes of any kind  required by law to be
withheld  upon the  exercise  of such  Option or  payment of such Bonus from any
payment of any kind otherwise due to the Recipient. The Corporation shall not be
obligated  to advise any  Recipient  of the  existence  of any tax or the amount
which the Corporation will be so required to withhold.

            11.   Term of Plan.  Options and  Bonuses may be granted  under this
Plan  from time to time  within a period of ten years  from the date the Plan is
adopted by the Board.

            12.   Amendment and Termination of the Plan.

                  (a)   (1)   Subject to the policies,  rules and regulations of
any lawful authority having jurisdiction  (including any exchange with which the
shares of the Corporation are listed for trading), the Board of Directors may at
any time,  without  further  action by the  shareholders,  amend the Plan or any
Option  granted  hereunder in such  respects as it may consider  advisable  and,
without  limiting the generality of the  foregoing,  it may do so to ensure that
Options  granted  hereunder  will comply with any  provisions  respecting  stock
options in the income tax and other laws in force in any country or jurisdiction
of which any Option  holders may from time to time be a resident or citizen,  or
it may at any time without action by shareholders terminate the Plan.

                        (2)   provided,  however, that any amendment that would:
(A)  materially  increase the number of  securities  issuable  under the Plan to
persons  who are  subject  to  Section  16(a)  of the  1934  Act;  or (B)  grant
eligibility  to a class of persons who are subject to Section  16(a) of the 1934
Act and are not included within the terms of the Plan prior to the amendment; or
(C)  materially  increase  the  benefits  accruing to persons who are subject to
Section  16(a)  of the 1934 Act  under  the  Plan;  or (D)  require  shareholder
approval under  applicable  state law, the rules and regulations of any national
securities  exchange on which the  Corporation's  securities then may be listed,
the Internal  Revenue Code or any other  applicable law, shall be subject to the
approval  of the  shareholders  of the  Corporation  as  provided  in Section 13
hereof.

                        (3)   provided   further  that  any  such   increase  or
modification that may result from adjustments  authorized by Section 8(i) hereof
or which are required  for  compliance  with the 1934 Act, the Internal  Revenue
Code, the Employee  Retirement Income Security Act of 1974, their rules or other
laws or judicial order, shall not require such approval of the shareholders.

                  (b)   Except as provided in Section 8 hereof,  no  suspension,
termination,  modification  or  amendment of the Plan may  adversely  affect any
Option  previously  granted,  unless the  written  consent of the  Recipient  is
obtained.

                                       10
<PAGE>

            13.   Approval of Shareholders.  The Plan shall take effect upon its
adoption by the Board but shall be subject to approval at a duly called and held
meeting  of  stockholders   in  conformance   with  the  vote  required  by  the
Corporation's governing documents, resolution of the Board, any other applicable
law and the rules and  regulations  thereunder,  or the rules and regulations of
any national  securities  exchange upon which the Corporation's  Common Stock is
listed and traded, each to the extent applicable.

            14.   Termination of Right of Action.  Every right of action arising
out of or in connection  with the Plan by or on behalf of the Corporation or any
of its  subsidiaries,  or by any  shareholder  of the  Corporation or any of its
subsidiaries against any past, present or future member of the Board, or against
any  employee,  or  by  an  employee  (past,  present  or  future)  against  the
Corporation or any of its subsidiaries, will, irrespective of the place where an
action may be brought and  irrespective  of the place of  residence  of any such
shareholder,  director or  employee,  cease and be barred by the  expiration  of
three  years from the date of the act or omission in respect of which such right
of action is alleged to have risen.

            15.   Tax Litigation.  The Corporation shall have the right, but not
the  obligation,  to  contest,  at its  expense,  any tax  ruling  or  decision,
administrative or judicial,  on any issue which is related to the Plan and which
the Board  believes to be important to holders of Options  issued under the Plan
and to conduct any such contest or any litigation  arising  therefrom to a final
decision.

            16.   Adoption.

                  (a)   This Plan was  approved  by  resolution  of the Board of
Directors of the Corporation on October 12, 2004.

                  (b)   If this Plan is not approved by the  shareholders of the
Corporation  within 12 months of the date the Plan was  approved by the Board as
required by Section  422(b)(1) of the Internal  Revenue Code,  this Plan and any
Options granted hereunder to Recipients shall be and remain  effective,  but the
reference to  Incentive  Stock  Options  herein shall be deleted and all Options
granted  hereunder shall be  Non-qualified  Stock Options  pursuant to Section 7
hereof.

                                  [End of Plan]

                                       11
<PAGE>

                                                                       Exhibit A

                         FORM OF STOCK OPTION AGREEMENT

      STOCK OPTION AGREEMENT made as of this ___ day of ____________, ______, by
and  between   Uranium   Power   Corporation,   a  Colorado   corporation   (the
"Corporation"),    and    ________________    __________________________    (the
"Recipient").

      In accordance with the Corporation's  2004 Stock Option Plan (the "Plan"),
the provisions of which are  incorporated  herein by reference,  the Corporation
desires,  in  connection  with the  services  of the  Recipient,  to provide the
Recipient with an opportunity to acquire shares of the  Corporation's  $.001 par
value common stock ("Common  Stock") on favorable terms and thereby increase the
Recipient's  proprietary  interest in the Corporation and incentive to put forth
maximum efforts for the success of the business of the Corporation.  Capitalized
terms used but not defined herein are used as defined in the Plan.

      NOW,  THEREFORE,  in  consideration  of the premises and mutual  covenants
herein set forth and other good and valuable consideration,  the Corporation and
the Recipient agree as follows:

      1.    Confirmation of Grant of Option.  Pursuant to a determination of the
Committee  or, in the absence of a  Committee,  by the Board of Directors of the
Corporation made on ___________,  _____ (the "Date of Grant"),  the Corporation,
subject  to the  terms  of the  Plan and of this  Agreement,  confirms  that the
Recipient  has been  irrevocably  granted  on the Date of Grant,  as a matter of
separate inducement and agreement,  and in addition to and not in lieu of salary
or other compensation for services, a Stock Option (the "Option") exercisable to
purchase  an  aggregate  of  ______  shares  of  Common  Stock on the  terms and
conditions  herein set forth,  subject to  adjustment as provided in Paragraph 8
hereof.

      2.    Option Price.  The Option Price of shares of Common Stock covered by
the Option will be $_____ per share (the "Option  Price")  subject to adjustment
as provided in Paragraph 8 hereof.

      3.    Vesting and  Exercise of Option.  (a) Except as  otherwise  provided
herein  or in  Section  8 of  the  Plan,  the  Option  [SHALL  VEST  AND  BECOME
EXERCISABLE AS FOLLOWS:  (INSERT VESTING SCHEDULE),  PROVIDED,  HOWEVER, THAT NO
OPTION SHALL VEST OR BECOME  EXERCISABLE  UNLESS THE RECIPIENT IS AN EMPLOYEE OF
THE  CORPORATION ON SUCH VESTING DATE/OR MAY BE EXERCISED IN WHOLE OR IN PART AT
ANY TIME DURING THE TERM OF THE  OPTION.] (b) The Option may not be exercised at
any one time as to fewer than 100  shares (or such  number of shares as to which
the Option is then  exercisable  if such number of shares is less than 100). (c)
The  Option  may  be  exercised  by  written  notice  to  the  Secretary  of the
Corporation  accompanied  by payment in full of the Option  Price as provided in
Section 8 of the Plan.
<PAGE>

      4.    Term of Option.  The term of the Option will be through  __________,
____,  subject  to earlier  termination  or  cancellation  as  provided  in this
Agreement. The holder of the Option will not have any rights to dividends or any
other rights of a shareholder with respect to any shares of Common Stock subject
to the Option  until such  shares  shall have been issued (as  evidenced  by the
appropriate  transfer  agent of the  Corporation)  upon  purchase of such shares
through exercise of the Option.

      5.    Transferability   Restriction.  The  Option  may  not  be  assigned,
transferred  or  otherwise  disposed of, or pledged or  hypothecated  in any way
(whether by  operation of law or  otherwise)  except in strict  compliance  with
Section 8 of the Plan. Any assignment,  transfer, pledge, hypothecation or other
disposition  of the  Option  or any  attempt  to make  any  levy  of  execution,
attachment or other process will cause the Option to terminate  immediately upon
the happening of any such event; provided, however, that any such termination of
the Option  under the  provisions  of this  Paragraph 5 will not  prejudice  any
rights or  remedies  which the  Corporation  may have  under this  Agreement  or
otherwise.

      6.    Exercise Upon Termination.  The Recipient's  rights to exercise this
Option upon  termination  of  employment  or cessation of service as an officer,
director or consultant shall be as set forth in Section 8(f) of the Plan.

      7.    Death, Disability or Retirement of Recipient.  The exercisability of
this Option upon the death,  Disability or retirement of the Recipient  shall be
as set forth in Section 8(g) of the Plan.

      8.    Adjustments.  The Option  shall be subject  to  adjustment  upon the
occurrence of certain events as set forth in Section 8(i) of the Plan.

      9.    No  Registration  Obligation.  The  Recipient  understands  that the
Option is not  registered  under the 1933 Act and,  unless by  separate  written
agreement, the Corporation has no obligation to so register the Option or any of
the shares of Common  Stock  subject to and  issuable  upon the  exercise of the
Option, although it may from time to time register under the 1933 Act the shares
issuable upon exercise of Options  granted  pursuant to the Plan.  The Recipient
represents that the Option is being acquired for the Recipient's own account and
that unless registered by the Corporation,  the shares of Common Stock issued on
exercise of the Option will be acquired by the  Recipient  for  investment.  The
Recipient  understands that the Option is, and the underlying securities may be,
issued to the  Recipient  in reliance  upon  exemptions  from the 1933 Act,  and
acknowledges  and  agrees  that all  certificates  for the  shares  issued  upon
exercise  of the Option may bear the  following  legend  unless  such shares are
registered under the 1933 Act prior to their issuance:

            The shares represented by this Certificate have not been
            registered  under the  Securities Act of 1933 (the "1933
            Act"),  and are "restricted  securities" as that term is
            defined  in Rule 144 under the 1933 Act.  The shares may
            not be offered for sale,  sold or otherwise  transferred
            except pursuant to an effective  registration  statement
            under  the 1933 Act or  pursuant  to an  exemption  from
            registration  under the 1933 Act,  the  availability  of
            which is to be  established to the  satisfaction  of the
            Company.

                                       2
<PAGE>

      The  Recipient  further  understands  and  agrees  that the  Option may be
exercised  only if at the  time of  such  exercise  the  underlying  shares  are
registered  and/or the Recipient and the  Corporation  are able to establish the
existence of an exemption  from  registration  under the 1933 Act and applicable
state or other laws.

      10.   Notices.  Each notice  relating to this Agreement will be in writing
and delivered in person or by certified mail to the proper  address.  Notices to
the  Corporation  shall be addressed  to the  Corporation,  attention:  Thornton
Donaldson,  President,  at such  address  as may  constitute  the  Corporation's
principal  place of business at the time,  with a copy to: Theresa M. Mehringer,
Esq.,  Burns,  Figa & Will,  P.C.,  6400 S. Fiddlers  Green Circle,  Suite 1030,
Englewood,  Colorado 80111.  Notices to the Recipient or other person or persons
then entitled to exercise the Option shall be addressed to the Recipient or such
other person or persons at the Recipient's  address below  specified.  Anyone to
whom a notice may be given under this  Agreement  may designate a new address by
notice to that effect given pursuant to this Paragraph 10.

      11.   Approval of Counsel. The exercise of the Option and the issuance and
delivery of shares of Common Stock pursuant thereto shall be subject to approval
by the  Corporation's  counsel  of all legal  matters in  connection  therewith,
including  compliance  with the  requirements  of the 1933 Act,  the  Securities
Exchange Act of 1934, as amended,  applicable  state and other  securities laws,
the rules and  regulations  thereunder,  and the  requirements  of any  national
securities exchange(s) upon which the Common Stock then may be listed.

      12.   Benefits of Agreement.  This  Agreement will inure to the benefit of
and be  binding  upon  each  successor  and  assignee  of the  Corporation.  All
obligations imposed upon the Recipient and all rights granted to the Corporation
under  this  Agreement  will  be  binding  upon  the  Recipient's  heirs,  legal
representatives and successors.

      13.   Effect of Governmental  and Other  Regulations.  The exercise of the
Option and the  Corporation's  obligation  to sell and  deliver  shares upon the
exercise  of the Option are  subject to all  applicable  federal and state laws,
rules and  regulations,  and to such approvals by any regulatory or governmental
agency which may, in the opinion of counsel for the Corporation, be required.

      14.   Plan  Governs.  In the event that any  provision  in this  Agreement
conflicts with a provision in the Plan, the provision of the Plan shall govern.

                                       3
<PAGE>

      Executed in the name and on behalf of the  Corporation  by one of its duly
authorized officers and by the Recipient all as of the date first above written.

                                             URANIUM POWER CORPORATION

Date ______________, _______                 By:________________________________
                                                Thornton Donaldson, President

      The  undersigned  Recipient  has read and  understands  the  terms of this
Option Agreement and the attached Plan and hereby agrees to comply therewith.

Date ______________, _______                 ___________________________________
                                             Signature of Recipient

                                             Tax ID Number:_____________________

                                             Address:___________________________
                                             ___________________________________

                                       4
<PAGE>

                                                                       Exhibit B

                             SUBSCRIPTION AGREEMENT

THE SECURITIES  BEING ACQUIRED BY THE UNDERSIGNED HAVE NOT BEEN REGISTERED UNDER
THE  U.S.  SECURITIES  ACT OF 1933 OR ANY  OTHER  LAWS  AND  ARE  OFFERED  UNDER
EXEMPTIONS  FROM THE  REGISTRATION  PROVISIONS  OF SUCH LAWS.  THESE  SECURITIES
CANNOT  BE SOLD,  TRANSFERRED,  ASSIGNED  OR  OTHERWISE  DISPOSED  OF  EXCEPT IN
COMPLIANCE  WITH  THE   RESTRICTIONS   ON  TRANSFER   CONTAINED  IN  THIS  STOCK
SUBSCRIPTION AGREEMENT AND APPLICABLE SECURITIES LAWS.

      This Subscription  Agreement is entered for the purpose of the undersigned
acquiring  _____________  shares  of the  $.001  par  value  common  stock  (the
"Securities")  of  Uranium  Power  Corporation,   a  Colorado  corporation  (the
"Corporation")  from the  Corporation  as a Bonus or  pursuant to exercise of an
Option  granted  pursuant  to the  Corporation's  2004  Stock  Option  Plan (the
"Plan").  All capitalized terms not otherwise defined herein shall be as defined
in the Plan.

      It is understood that no grant of any Bonus or exercise of any Option at a
time when no registration statement relating thereto is effective under the U.S.
Securities  Act of 1933, as amended (the "1933 Act") can be completed  until the
undersigned  executes  this  Subscription  Agreement  and  delivers  it  to  the
Corporation,  and that such grant or exercise is  effective  only in  accordance
with the terms of the Plan and this Subscription Agreement.

      In connection with the  undersigned's  acquisition of the Securities,  the
undersigned represents and warrants to the Corporation as follows:

      1.    The  undersigned  has been provided with, and has reviewed the Plan,
and  such  other  information  as the  undersigned  may  have  requested  of the
Corporation  regarding  its  business,  operations,  management,  and  financial
condition (all of which is referred to herein as the "Available Information").

      2.    The  Corporation  has given the  undersigned  the opportunity to ask
questions of and to receive  answers from  persons  acting on the  Corporation's
behalf  concerning  the  terms  and  conditions  of  this  transaction  and  the
opportunity to obtain any additional information regarding the Corporation,  its
business and  financial  condition  or to verify the  accuracy of the  Available
Information which the Corporation  possesses or can acquire without unreasonable
effort or expense.

      3.    The  Securities  are  being  acquired  by the  undersigned  for  the
undersigned's own account and not on behalf of any other person or entity.
<PAGE>

      4.    The  undersigned  understands  that the  Securities  being  acquired
hereby  have not been  registered  under  the 1933 Act or any  state or  foreign
securities laws, and are, and unless  registered will continue to be, restricted
securities  within the meaning of Rule 144 of the General Rules and  Regulations
under the 1933 Act and  other  statutes,  and the  undersigned  consents  to the
placement of appropriate  restrictive legends on any certificates evidencing the
Securities and any certificates  issued in replacement or exchange  therefor and
acknowledges  that the Corporation will cause its stock transfer records to note
such restrictions.

      5.    By  the  undersigned's  execution  below,  it  is  acknowledged  and
understood  that the  Corporation is relying upon the accuracy and  completeness
hereof in complying with certain obligations under applicable securities laws.

      6.    This   Agreement   binds   and   inures  to  the   benefit   of  the
representatives,  successors  and permitted  assigns of the  respective  parties
hereto.

      7.    The undersigned  acknowledges  that the grant of any Bonus or Option
and the issuance and delivery of shares of Common Stock  pursuant  thereto shall
be subject to prior approval by the  Corporation's  counsel of all legal matters
in connection therewith,  including compliance with the requirements of the 1933
Act and other applicable securities laws, the rules and regulations  thereunder,
and the  requirements  of any  national  securities  exchange(s)  upon which the
Common Stock then may be listed.

      8.    The  undersigned  acknowledges  and agrees that the  Corporation has
withheld ___________ shares for the payment of taxes as a result of the grant of
the Bonus or the exercise of an Option.

      9.    The Plan is incorporated herein by reference.  In the event that any
provision  in this  Agreement  conflicts  with ANY  provision  in the Plan,  the
provisions of the Plan shall govern.

Date: ______________, ______                 ___________________________________
                                             Signature of Recipient

                                             Tax ID Number:_____________________

                                             Address:___________________________
                                             ___________________________________

                                       2

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