Document:

Exhibit 10.03

                                    AGREEMENT
                                    ---------

     THIS AGREEMENT, dated as of the 3rd day of January, 2000, between and among
Ofir Doetch, in his capacity as Escrow Agent ("Escrow Agent"); Sparta Surgical
Corporation, a Delaware corporation ("Sparta"); and Coridal, N.Y. ("Coridal").

                                WITHESSETH THAT:

     WHEREAS, Sparta has previously issued to Coridal a total of 932,000 shares
of common stock of Sparta (the "Shares"), which Shares have been issued as
consideration for certain financial consulting services provided to Sparta by
Coridal, including, hut not limited to, Coridal's assistance in the (i) securing
of certain financing, and (ii) development and marketing of Sparta's product
line in countries outside the United States;

     WHEREAS, the Shares have been and are presently being held by Escrow Agent
for the benefit of Coridal; and

     WHEREAS, the parties now desire to clarify and confirm in writing their
understanding as to the release of the Shares by Escrow Agent to Coridal.

     NOW, THEREFORE, in consideration of the mutual undertakings contained
herein and previously performed, including those financial consulting services
referrcd to above, the parties hereto, intending to he legally bound, agree as
follows:

     1. Escrow Agent acknowledges having possession of the Shares, and that the
Shares are being held in escrow on Coridal's behalf.

     2. The Shares shall continue to he held in escrow until such time as any
one (1) or more of the following conditions (each such condition being
hereinafter referred to as a "Condition," and such conditions being collectively
referred to as "Conditions") shall occur:

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Ofir Doetch / Coridal / Sparta
Agreement
January 3, 2000
Page 2 of 5

          (a)  The Shares have achieved a fair market value of $7.00 per share;

          (b)  If (i) an order is entered for relief against Sparta, or
               declaring that Sparta is insolvent, or resulting in a finding
               that Sparta is insolvent, or if Sparta voluntarily files for
               bankruptcy, or if similar relief is granted with respect to
               Sparta, under any Jaw now or hereafter in effect relating to
               bankruptcy, insolvency, relief of debtors, protection of
               creditors; (ii) a receiver, trustee, custodian, liquidator,
               assignee, sequestrator or other similar official is appointed for
               Sparta or for all or any substantial part of Sparta's property;
               or (iii) if a proceeding is brought under the federal bankruptcy
               code. Sparta fails to file a proper answer thereto (including a
               request that the petitioner post adequate bond under Section
               303(c) of said code) within thirty days of receipt of notice of
               said proceeding;

          (c)  Sparta performs a formal registration of all or a portion of its
               stock on or after May 1, 2000, in which event the Shares shall
               automatically be "piggybacked" with Sparta's shares for
               registration purposes; or

          (d)  None of the foregoing Conditions have occurred by September 7,
               2000.

     3. Upon receipt by the Escrow Agent of written notice by Coridal or Sparta
stating that one of the Conditions referred to in subparagraphs (a) through (d)
of Paragraph 2 of this Agreement have occurred (which absent any actual
knowledge on the part of the Escrow Agent to the contrary shall be accepted as
absolute grounds for release hereunder), the Shares shall he released by the
Escrow Agent to Coridal. Following the release of the Shares hereunder, this
Agreement shall terminate and the Escrow Agent shall he relieved of all
responsibility hereunder.

     4. The parties agree that the Shares may not in any way he offered for
sale, sold, pledged, hypothecated, transferred, assigned or in any other manner
disposed of, except as expressly provided for in this Agreement. Stop transfer
instructions to Sparta's transfer agent have been or will he placed with respect

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Ofir Doetch / Coridal / Sparta
Agreement
January 3, 2000
Page 3 of 5

to the Shares so as to restrict their sale, pledge or other transfer. Upon the
release of the Shares from escrow hereunder, Sparta shall notify Sparta's
transfer agent to remove the stop transfer instructions, accordingly.

     5. Sparta agrees to indemnify and hold harmless Escrow Agent and Coridal
from any costs, damages, expenses, losses or claims, including attorneys fees,
which Escrow Agent or Coridal may incur or sustain as a result of or arising
out of this Agreement or Escrow Agent's duties relating thereto.

     6. Escrow Agent shall have no duties or responsibilities other than those
expressly set forth herein. In its capacity as Escrow Agent, Escrow Agent
shall not he responsible For the genuineness or validity or any security,
instrument, document or item deposited with it and shall have no responsibility
other than to faithfully follow the instructions contained herein. Escrow
Agent shall not be liable to the other parties hereto or to anyone else for any
action taken or omitted by it, or any action suffered by it to he taken or
omitted, in good faith and in the exercise of reasonable judgment, except for
the acts of willful misconduct or gross negligence.

     7. This Agreement shall be governed by and construed in accordance with the
laws of the Netherlands and the competent courts in the Netherlands shall have
the exclusive jurisdiction, to the exclusion of any other courts, over any
dispute between the parties arising out of or in connection with this Agreement.

     8. No waiver of any rights by any party hereto shall he construed as a
waiver of the same or any other right at any prior or subsequent time.

     9. If any term, provision or covenant of this Agreement is held by a court
of competent jurisdiction or other authority to be invalid, void, unenforceable
or against regulatory or public policy, the remainder of the terms, provisions
and covenants of this Agreement shall remain in full force and effect and shall

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Ofir Doetch / Coridal / Sparta
Agreement
January 3, 2000
Page 4 of 5

in no way be affected, impaired or invalidated. It is hereby stipulated and
declared to be the intention of the parties hereto that they would have executed
the remaining terms, provisions and covenants without including any of such
which may he hereafter declared invalid, void or unenforceable.

     10. This Agreement supersedes any other agreements, understandings and
communications between the Parties in connection with the subject matter
thereof.

     11. Any notices to he given pursuant to this Agreement shall be in writing
and shall be deemed to have been given at the time when (i) delivered in person,
against appropriate receipt, or (ii) five (5) business days after being mailed
via federal express or other overnight delivery service, or (iii) one business
day after sent by facsimile and confirmed by receipt, provided the notice is
addressed to the addresses stated below or any other address of which either
party shall advise the other parties in writing in the same fashion:

                To Sparta:         7068 Koll Center Parkway, Ste. 425
                                   Pleasanton, CA 94566
                                   Attn:  Thomas F. Reiner
                                   Facsimile No, :(925) 417-2243

                To Coridal:        c/o Joel Ratner, a representative
                                   11586 Pierson Road
                                   Wellington, Florida 33414
                                   Facsimile No.: (561) 333-1995

                To Escrow Agent:   Ofir Doetch
                                   Rokch SR
                                   Ramat-Gan
                                   Israel
                                   Facsimile No.: 011-972-3-575-6069

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Ofir Doetch / Coridal I Sparta
Agreement
January 3, 2000
Page 5 of 5

     IN WITNESS WHEREOF, Sparta, Coridal and Escrow Agent have caused this
Escrow Agreement to he executed by their respective authorized agents.

ESCROW AGENT                             SPARTA SURGICAL CORPORATION

/s/  Ofir Doetch                         /s/  Thomas F. Reiner
----------------------------------       ---------------------------------------
Ofir Doetch                              Thomas F. Reiner, Chairman of the Board
                                         President and CEO

                                         CORIDAL., N.V.

                                         /s/
                                         ---------------------------------------

                                                                               5Exhibit 10.04

                                 PROMISSORY NOTE

                ANY U.S. PERSON WHO HOLDS THIS OBLIGATION WILL BE
             SUBJECT TO LIMITATIONS UNDER THE U.S. INCOME TAX LAWS,
         INCLUDING THE LIMITATIONS PROVIDED IN ss.165(j) AND 1287(a) OF
                            THE INTERNAL REVENUE CODE

Payee:   Spags Investment Group, N.Y.
Address: Neptunesweg 30
Curacao, Netherlands Antilles

November 3, 1999
Principal Amount:             $350,000
THREE HUNDRED FIFTY ThOUSAND DOLLARS

     FOR VALUE RECEIVED, the undersigned, (the "Maker") hereby promises to pay
the order of Spags Investment Group, N.Y. (the "Payee") at it's address set
forth above, or such other place outside the United States or its possession as
the holder hereof shall designate from time to time, the principal sum of THREE
HUNDRED FIFTY THOUSAND ($350,000) DOLLARS on May 3, 2000 together with interest
on the unpaid principal balance outstanding from the date hereof until paid in
full at the rate of seven (7%) percent per annum. Interest shall be computed
monthly and shall be payable in arrears in full on May 3, 2000. All past due
amounts and accrued interest thereon shall bear interest at the maximum amount
allowable by law per annex, compounded annually, until paid. Interest shall be
paid in Europe or any where in the world, except that Interest shall not be paid
within the United States of America and its possessions and territories under
the principals of portfolio investment.

     IT IS EXPRESSLY AGREED THAT:

     1. In the event that the Maker shall default in the payment of principal
when due, shall default in the payment of interest when due, is adjudicated
insolvent or bankrupt, files a petition in bankruptcy, makes an assignment for
the benefit of creditors, petitions or applies for the appointment of any
receiver, conservator, trustee or other custodian or supervisor for itself or
any substantial part of its property, commences any action or proceeding for
relief under any reorganization, arrangement, readjustment of debt, composition,
dissolution or liquidation law or statute, is the subject of any such action or
proceeding instituted against it which remains undismissed for a period of
thirty (30) days, by an act, consents to, approves of or acquiesces in any such
action or proceeding or the appointment of any receiver, conservator, fiscal
agent, trust or other custodian or supervisor for itself or any substantial part
of its property or suffers any such appointment to continue undischarged for a
period of thirty (30) days; or otherwise takes advantage of any insolvency law
or commits any act of bankruptcy; then, upon the occurrence of any and every
such event, this Note shall become immediately due and payable, both as to
principal and interest, without any action by Payee and without presentments,
demand, protest or any other notice of any kind, all of which are hereby
expressly waived and while in default, this Note shall bear interest at the
highest legal rate per annum permissible under the laws of the State of New
York.

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Promissory Note
November 3, 1999
Page 2 of 2

     2. Further, the rights, powers, privileges and remedies of the holder of
this Note are cumulative and not exclusive of any rights, powers, remedies and
privileges which the holder might have under any law of other agreement now in
effect or hereafter entered into between it and Maker. No failure or delay on
the part of the holder hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other right, power or privilege.

     3. Maker shall pay the costs of collection and attorneys' fees in case
default is made in the payment of this Note. Maker expressly waives diligence,
presentment for payment, demand, protest or notice of any kind whatsoever.

     4. This Note shall be in all respects governed by and construed and applied
in accordance with the laws of the State of New York. In the event of a default,
Maker consents to the jurisdiction of the New York Courts over Maker for the
purpose of obtaining payment on this Note. Separate judgments may be entered for
(i) principal and interest, and (ii) costs of collection and attorneys' fees.

     5. This Note shall not be terminated or modified orally.

     6. This note shall be binding and shall inure to the benefit of Maker,
Payee and their respective successors assigned and personal representatives.
However, this Note may not be assigned or negotiated to any person or entity
deemed a "U.S. Person" as same as defined under the U.S. Internal Revenue Code,
as amended. Any such assignment shall be null and void.

     IN WITNESS WHEREOF, the undersigned has executed and delivered this Note,
the day and year above written.

SPARTA SURGICAL CORPORATION

/s/  Thomas F. Reiner
----------------------------
Thomas F. Reiner
Chairman of the Board
President and CEO

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