Document:

EXHIBIT 10.8

[CEO LOGO]

                               SERVICE AGREEMENT
                                                               Rev. 04-22-04 FOP

This Agreement is dated NOVEMBER 23, 2004, and is entered into in Dallas, TEXAS
by and between JPM-CEO Partners, Ltd. managed by Dallas Metro Suites, Inc.
d.b.a. CEO JP Morgan International Plaza (hereinafter "CEO") and HEMOBIOTECH
(hereinafter "Client"). CEO and Client agree that CEO shall grant to Client for
and in consideration of the agreements and fee(s) set forth herein, a license to
use the Office(s) as from time to time designated by CEO and, in common with
CEO's other clients, a license to use CEO's Business Center facilities and
services, in accordance with the terms hereof.

1. BASIC TERMS. This Section 1 contains the basic terms of this Agreement and
all provisions of this Agreement are to be read in accord therewith:

       A. Base Services: CEO's Complete Executive Office Program, including the
       use of executive offices complete with professional administrative staff,
       telephone answering and such other inclusive services are as defined in
       Schedule "A".

       B. Additional Services: Access to additional business services for
       purchase as needed by Client, including secretarial, administrative,
       telecommunications support and such other services are as defined in
       Schedule "B".

       C. CEO Business Center: JP Morgan International Plaza

       D. Building: 14221
       Dallas Parkway, Suite 1500, Dallas, TX 75254

       E. Office number(s) 1460 A, D, E, having a maximum occupancy capacity of
       1 person(s) each.

       F. Commencement date: DECEMBER 6, 2004

       G. Initial Term: 6 MOS. & 26 DAYS SUBSEQUENT TERMS TO BE 7 MOS.

       H. End of Initial Term: JUNE 30, 2005

       I. Monthly Base Services Program
       Fee: $2,686.00 J. Refundable Services Retainer: $3,352.50 (SPECIAL 1
       MONTH)

       SPECIAL:7TH MONTH OFFICE RENT FREE (JUNE 05 - $1,486.00)

   2. OFFICE. Client shall, as part of the Base Services, be granted a license
to use the Office and shall have access to the Office twenty-four (24) hours a
day, seven (7) days a week. CEO agrees to provide office cleaning, maintenance
services, electricity, heating and air conditioning to the Office for normal
office use in such reasonable quantities and during such reasonable hours as
shall be determined by CEO or the Building. In addition, Client will have
reasonable use of CEO common area facilities. Client shall use the Office and
common areas of the CEO Business Center solely for general office use in the
conduct of the Client's business.

   If, for any reason whatsoever, CEO is unable to provide use of the Office or
a mutually agreed upon alternative Office at the time herein agreed, Client may
either extend the Commencement Date until the Office becomes available or, as
its sole remedy for such failure, cancel and terminate this Agreement if the use
of the Office is not available to Client within five (5) business days after
written notice to CEO by Client, in which case any prior payments shall be fully
refunded. No such failure to provide use of the Office shall subject CEO to any
liability for loss or damage, nor affect the validity of this Agreement or the
obligations of the Client hereunder.

   CEO will have the right to relocate Client to another office in the
CEO Business Center with the consent of the Client and to substitute such other
office for the Office licensed hereby, provided such other office is
substantially similar in area and configuration to Client's contracted office
and provided Client shall incur no increase in the Monthly Base Services Fee or
any relocation cost or expense.

   3. SERVICES. CEO agrees, in consideration of the Monthly Base Services Fee,
to provide Base Services to Client as described in Schedule "A". From time to
time during the Term, CEO may, at its option, make other services available to
Client of the nature described in Schedule "B", at fees that are from time to
time established by CEO. CEO shall be under no obligation to provide Schedule
"B" services if the monthly cost thereof exceeds the Refundable Services
Retainer. In the event Client is in default of this Agreement CEO may, at its
option, cease furnishing any and all services including telephone services.

   Client will not offer to any party in the CEO Business Center or the
Building, any of the services that CEO provides to its clients including, but
not limited to, the services described in Schedule "A" or "B".

   CEO will answer all incoming telephone calls, unless otherwise mutually
agreed, during normal business hours, as determined by CEO. Answering service
will be limited to normal business communications, excluding inbound
telemarketing and advertising response which requires pre-approval by CEO and
shall be subject to fees established from time to time by CEO.

   Client will use only telecommunications systems and services as provided
by CEO unless WRITTEN permission to do otherwise shall first have been obtained
from CEO. Client will pay to CEO a monthly equipment rental fee for the use of
each telephone instrument and voice lines. In the event CEO discontinues the
offering of long distance service, Client will provide its own long distance
service through a locally accessed long distance carrier.

   Client acknowledges that due to the imperfect nature of verbal, written and
electronic communications, neither CEO nor any of its officers, directors,
employees, shareholders, partners, agents or representatives shall be
responsible for damages, direct or consequential, that may result from the
failure of CEO to furnish any service, including but not limited to the service
of conveying messages, communications and other utility or services required
under this Agreement or agreed to by CEO. Client's sole remedy and CEO's sole
obligation for any failure to render any service, any error or omission, or any
delay or interruption with respect thereto, is limited to an adjustment to
Client's billing in an amount equal to the charge for such service for the
period during which the failure, delay or interruption continues.

   Client expressly waives, and agrees not to make any claim for damages, direct
or consequential, arising out of any failure to furnish any utility, service or
facility, any error or omission with respect thereto, or any delay or
interruption of the same.

   4. DURATION OF AGREEMENT. Upon the End of Initial Term, or any extension
thereof, without written notice from CEO, the term of this Agreement and the
license herein granted shall be automatically extended for the same period of
time as the Initial Term, upon the same terms and conditions as contained
herein, unless either party gives notice to the other in writing to the contrary
at least sixty (60) days prior to the End of Initial Term and any extension
thereof.

   Upon any termination of this Agreement, whether by lapse of

<PAGE>

time or otherwise, or upon any revocation of Client's license herein granted,
the Client shall cease all use of the Office, the CEO Business Center and all
services immediately. For each and every month or portion thereof that Client
continues use of the Office after the termination of this Agreement by lapse of
time or otherwise, without the express written consent of CEO, Client shall pay
CEO an amount equal to double the Monthly Base Services Fee computed on a
per-month basis for each month or portion thereof that Client continues the use
of the Office.

   5. PAYMENTS AND ESCALATIONS. Client agrees to pay to CEO the Monthly Base
Services Fee plus applicable sales or use taxes, in advance, on the first day of
each calendar month during the Initial Term and all extensions thereof, without
any deduction, offset, notice or demand. If the Commencement Date shall be other
than the first day of a month or end on the last day of a month, fees for any
such month shall be prorated. Charges for any Schedule "B" service purchased by
Client from CEO shall be due and payable on the 1st of the month following the
billing for any such service.

   One year after the Commencement Date of this Agreement and each and every
anniversary date thereafter, the Monthly Base Services Fee will automatically
increase by six percent (6%) of the Monthly Base Services Fee due for the month
preceding such anniversary date. No written notice from CEO will be required.

   Inasmuch as CEO's Master Lease includes an annual escalation and
reconciliation clause for expenses, Client's monthly base fee may be adjusted to
reflect its prorata share of any expense increases incurred by CEO.

    All Monthly Base  Services  Fees and other sums payable  hereunder  shall be
payable  at  the  office  of CEO  or at  such  other  location  or to any  agent
designated  in writing by CEO. In addition to any other sums due,  Client  shall
pay monthly late charges equal to five percent (5%) of all amounts that have not
been paid to CEO within five (5) days of the due dates plus an additional $10.00
per day for each day thereafter  until paid in full. The parties agree that such
late  charges are fair and  reasonable  compensation  for costs  incurred by CEO
where there is default in any payment due under this Agreement.

   Upon the execution of this Agreement, Client shall pay CEO or its agent the
Refundable Services Retainer. The Refundable Services Retainer need not be kept
separate and apart from other funds of CEO, no interest shall be paid thereon,
and may be used by CEO to provide Schedule "A" and "B" services under this
Agreement. In addition to the Refundable Services Retainer, Client will, upon
execution hereof, pay to CEO the Monthly Base Services Fee for the first full
month of the Initial Term.

   Client agrees that the Refundable Services Retainer shall not be used by
Client as payment for the Monthly Base Services Fee for the last month of the
Initial term, or any extension thereof. In the event Client defaults in the
performance of any of the terms hereof, CEO may terminate this Agreement and the
license herein granted and may also use, apply or retain the whole, or any part,
of the Refundable Services Retainer for the payment of any service fee or any
other payment due hereunder, or for payment of any other sum that CEO may spend
by reason of Client's default. If Client shall, at the end of the term of this
Agreement, have fully and faithfully complied with all of the terms and
provisions of this Agreement, and surrendered all keys, access cards and
building passes, 80% of the Refundable Services Retainer, or any balance
thereof, shall be returned to Client within forty-five (45) days thereafter, and
the remaining 20% less any deductions will be returned after receiving the
Building's annual expense reconciliation.

   6. DAMAGES AND INSURANCE. Client will not damage or deface the furnishings,
walls, floors or ceilings, nor make holes for the hanging of pictures or make or
suffer to be made any waste, obstruction or unlawful, improper or offensive use
of the Office or the common area facilities. Client will not cause damage to any
part of the Building or the property of CEO or disturb the quiet enjoyment of
any other licensee or occupant of the Building. At the termination of this
Agreement, the Office shall be in as good condition as when Client commenced the
use thereof, normal wear and tear excepted. Client agrees to pay for repainting
each Office used by Client, One Hundred Seventy Five Dollars ($175.00) per
office. CEO will have the right, at any time and from time to time, to enter the
Office to inspect the same, to make such repairs and alterations as CEO
reasonably deems necessary, and the cost of any such repair resulting from the
act or omission of Client shall be reimbursed to CEO by Client upon demand. CEO
shall have the right to show the Office to prospective Clients, provided CEO
will use reasonable efforts not to disrupt Client's business.

   CEO and its respective directors, licensors, officers, agents, servants and
employees shall not, to the extent permitted by law, except upon the affirmative
showing of CEO's gross negligence or willful misconduct, be liable for, and
Client waives all right of recovery against such entities and individuals for
any damage or claim with respect to any injury to person or damage to, or loss
or destruction of any property of Client, its employees, authorized persons and
invitees due to any act, omission or occurrence in or about the CEO Business
Center or the Building. Without limitation of any other provision hereof, each
party hereto hereby agrees to indemnify, defend and hold harmless the other
party hereto, and such other party's officers, directors, employees,
shareholders, partners, agents and representatives from and against any
liability to third parties arising out of, in the case of Client as an
indemnifying party, Client's use and occupancy of the Office or any negligent
act or omission of Client or Client's officers, directors, employees,
shareholders, partners, agents, representatives, contractors, customers or
invitees and, in the case of CEO as an indemnifying party, any act or omission
constituting gross negligence or willful misconduct of CEO or CEO's officers,
directors, employees, shareholders, partners, agents or representatives. Subject
to the foregoing, Client assumes all risk of loss with respect to all personal
property of Client, its agents, employees, contractors, and invitees, within or
about the CEO Business Center or the Building. Client acknowledges that it is
the Client's responsibility to maintain insurance to cover the risks set forth
in this paragraph.

   CEO and Client each hereby waive any and all rights of recovery against the
other, or against the directors, licensors, officers, agents, servants and
employees of the other, for loss of or damage to its property or the property of
others under its control, to the extent such loss or damage is covered by any
insurance policy.

   If the CEO Business Center is made unusable, in whole or in part, by fire or
other casualty not due to negligence of Client, CEO may, at its option,
terminate the Agreement upon notice to Client, effective upon such casualty, or
may elect to repair, restore or rehabilitate, or cause to be repaired, restored
or rehabilitated, the CEO Business Center, without expense to Client, within
ninety (90) days or within such longer period of time as may be required because
of events beyond CEO's control. The Monthly Base Services Fee shall be abated on
a per diem basis for the portions of the Office that are unusable.

   7. DEFAULT. Client shall be deemed to be in default under this Agreement:(a)
if Client defaults in the payment of the Monthly Base Services Fee or other sums
due hereunder or (b) if Client defaults in the prompt and full performance of
any other provision of this Agreement and any such default continues in excess
of five (5) business days after written notice by CEO.

   Should Client be in default hereunder, CEO shall have the option to pursue
any one or more of the following remedies without any additional notice or
demand whatsoever and without limitation to CEO in the exercise of any remedy:

   (1) CEO may, if CEO so elects, without any additional notice of such election
or demand to Client, either forthwith terminate this Agreement and the license
to use any portion of the CEO Business Center, and may enter into the Office and
take and hold possession of the contents thereof, without releasing Client, in
whole or in part, from the Client's obligations hereunder. In the event of such
termination, CEO may, at its option, declare the entire amount of the Monthly
Base Services Fee which would become due and payable during the remainder of the
term, to be

<PAGE>

due and payable immediately, in which event, Client agrees to pay the same at
once.

   (2) Pursue any other remedy now or hereafter available to CEO. CEO's exercise
of any right or remedy shall not prevent it from exercising any other right or
remedy.

   Client agrees to pay all costs and expenses, including reasonable attorneys'
fees, expended or incurred by CEO in connection with the enforcement of this
Agreement, the collection of any sums due hereunder, any action for declaratory
relief in any way related to this Agreement, or the protection or preservation
of any rights of CEO hereunder.

   8. RESTRICTION ON HIRING. Client agrees that during the term of this
Agreement and within one (1) year of the termination of this Agreement, neither
Client nor any of its principals, employees of affiliates will hire directly or
as an independent contractor, any person who is at that time, or was during the
term of this Agreement, an employee of CEO. In the event of a breach of any
obligation of Client contained in this paragraph, Client shall be liable to CEO
for, and shall pay to CEO, on demand, liquidated damages in the sum of
$10,000.00 for each employee with respect to whom such breach shall occur, it
being mutually agreed that the actual damage that would be sustained by CEO as
the result of any such breach would be, from the nature of the case, extremely
difficult to fix and that the aforesaid liquidated damage amount is fair and
reasonable.

   9. MISCELLANEOUS.

   A. This is the only Agreement between the parties. No other agreements are
effective. All amendments to this Agreement shall be in writing and signed by
all parties. Any other attempted amendment shall be void. The invalidity or
unenforceability of any provision hereof shall not affect the remainder hereof.

   B. All waivers must be in writing and signed by the waiving party. CEO's
failure to enforce any provision of this Agreement or its acceptance of fees
shall not be a waiver and shall not prevent CEO from enforcing any provision of
this Agreement in the future. No receipt of money by CEO shall be deemed to
waive any default of Client or to extend, reinstate or continue the term hereof.

   C. All Schedules and Addenda attached hereto are hereby incorporated herein
by this reference. The laws of the State in which the CEO Business Center is
located shall govern this Agreement.

   D. All parties signing this Agreement as a partnership or co-signing
individuals shall be jointly and severally liable for all obligations of Client.

   E. Client represents and warrants to CEO that there are no agents, brokers,
finders or other parties except [NONE IF NOT SPECIFIED] with whom Client has
dealt who are or may be entitled to any commission or fee with respect to this
Agreement.

   F. Neither Client nor anyone claiming by, through or under Client shall
assign this Agreement or permit the use of any portion of the CEO Business
Center by any person other than Client; provided, however, Client may assign
this Agreement to an affiliated corporation of Client. In the event of any such
permitted assignment, Client shall not thereby be relieved of any of its
obligations under this Agreement.

   G. The Rules and Regulations of the Building and of CEO as defined on
Schedule "C" hereto, and the Shared Bandwidth Business Practices as defined on
Schedule "D" hereto, and any additional schedules that may be attached hereto
are expressly made a part of this Agreement and Client expressly covenants and
agrees to abide by all of such Rules and Regulations and such Shared Bandwidth
Business Practices and such additional terms, as well as such reasonable
modifications to such Rules and Regulations and such Shared Bandwidth Business
Practices as may be hereafter adopted by CEO.

   H. This agreement is not intended to create a lease or any other interest in
real property in favor of the client, but merely creates a revocable license in
accordance with the terms hereof. This Agreement grants Client the license to
use the CEO Business Center and the Office for the specific purposes herein set
forth without diminution of the legal possession or control thereof by CEO and
shall be revocable at the option of CEO upon the destruction of the CEO Business
Center or the breach by Client of any term or condition herein set forth. This
Agreement is subject and subordinate to any underlying lease or contract of the
Building or of the premises comprising the Office or the CEO Business Center as
such lease or contract may be amended from time to time (such underlying lease
or contract together with any amendments, is hereinafter referred to as the
"Master Lease"). This Agreement shall terminate simultaneously with the
termination of the CEO Business Center operation for any reason. Client is not a
party to nor shall Client have any rights under the Master Lease.

   I. Client acknowledges that CEO Business Centers will comply with U.S. Postal
Service regulations regarding Client mail and, upon termination of this
Agreement, it will be Client's responsibility to notify all parties of
termination of the use of the above described address and assigned telephone and
facsimile numbers. At Client's written request and expense, CEO will provide
Client's new telephone number and address to all incoming callers and will hold
or forward to Client all mail, packages, facsimiles and applicable e-mail
traffic weekly for a period of ninety (90) days.

   J. CEO may assign this Agreement and/or any fees hereunder and Client agrees
to attorn to any such assignee.

<PAGE>

   K. All notices hereunder shall be in writing. Notices to Client shall be
deemed to be duly given if mailed by registered or certified mail, postage
prepaid, addressed to Client at the following address (address cannot be a P.O.
Box or CEO address):

                                13227 CEDAR LANE
                                DALLAS, TX 75234

   Notice to CEO shall be deemed to be duly given if mailed by registered or
certified mail, postage prepaid, to CEO at the following addresses:

CEO JP Morgan                           CEO OF DALLAS
14221 Dallas Parkway                   ATTENTION: PRESIDENT
Suite 1500                             8214 Westchester Dr. #500
Dallas, TX75254                        Dallas, TX 75225

                        -------------------------------
                                       CEO

JPM-CEO Partners, Ltd. managed by Dallas Metro Suites, Inc. d.b.a. CEO JP Morgan
International Plaza (hereinafter "CEO")
A: TEXAS CORPORATION
---------------------

By: MICHAEL W. MOORE
    -----------------

Its: VICE PRESIDENT
    ----------------
                                     CLIENT

CORPORATION: HEMOBIOTECH, INC.
             -----------------

A(n) DELAWARE corporation
     ------------------------

By: /S/ ARTHUR P. BOLLON
    -------------------------

ARTHUR P. BOLLON
-----------------------------

Its: PRESIDENT & CEO
     ------------------------

INDIVIDUALS:

               -------------------------------------------------
                                   (signature)

               -------------------------------------------------
                                  (print name)

Address:
               -------------------------------------------------

PARTNERSHIP:
               -------------------------------------------------

A(n)_____________________________partnership

By:
    ---------------------------------------------------------

Its:
           ----------------------------------------------------------
                                   (signature)

                -------------------------------------------------
                                  (print name)

Address:
         -------------------------------------------------

PERSONAL GUARANTEE:

For value received, the undersigned does hereby unconditionally and irrevocably
guarantee the prompt payment and full performance of all terms, covenants,
conditions and agreements as contained herein.

BY:
    ---------------------------------------

BY:
   ----------------------------------------

<PAGE>

SCHEDULE "A"

BASE SERVICES

     o Individual Executive Office
     o Voice Messaging Service
     o Personalized Telephone Answering of Incoming Calls (300) incoming calls
       per month at no charge)
     o Furnished and Decorated Reception Area
     o Professional Receptionist, Message Center Secretaries, and Office Manager
     o Use of Furnished Conference Rooms (24) hours per month at no charge)
       exclude JP Morgan boardroom and training room
     o Prestigious Business Address
     o Business Identity on Building Lobby Directory
     o Facsimile Number for Client's Use
     o Mail and Package Receipt
     o Utilities and Janitorial Service
     o Heating and Air Conditioning during normal business hours
     o Furniture Package
     o One (1) Telephone Instrument
     o One (1) Telephone Line with Rollover
     o One (1) Voice Mail
     o One (1) High Speed Internet Connection
     o One (1) hour of Secretarial Service
     o One hundred (100) minutes domestic Long Distance

SCHEDULE"B"

ADDITIONAL SERVICES

     o Word Processing Services
     o Secretarial Services
     o Facsimile Services = (line charges)
     o Additional Voice Messaging Service
     o Copy and Binding Services
     o Outgoing Metered Mail & Express Delivery Services
     o Office Furniture
     o Specialized Equipment
     o Printing & Office Supplies
     o Miscellaneous Purchasing Services
     o Catering & Beverage Services
     o Paging Services
     o Telephone Equipment
     o Specialized Telephone Services
     o Local Telephone Service
     o Internet Services
     o Excess Message Usage
     o Excess Conference Room Usage
     o Other Client Requested Services
     o Audio-visual equipment
     o After Business Hours Heating and Air Conditioning
     o Parking

<PAGE>

SCHEDULE "C"

                              RULES AND REGULATIONS

   1. Client's employees and guests will conduct themselves in a businesslike
manner; proper business attire will be worn at all times; the noise level will
be kept to a level so as not to interfere with or annoy other clients and Client
will abide by CEO's directives regarding security, keys, parking and other such
matters common to all occupants.

   2. Client agrees to use chair mats and desk pads in the Office(s) and any
damage from failure to use the same will be the responsibility of Client. Client
will not affix anything to the windows, walls or any other part of the Office(s)
or the CEO Business Center or make alterations or additions to the Office(s) or
the CEO Business Center without the prior written consent of CEO.

   3. Client will not prop open any corridor doors, exit doors or door
connecting corridors during or after business hours.

   4. Client can only use public areas with the consent of CEO and those areas
must be kept neat and attractive at all times.

   5. All corridors, halls, elevators and stairways shall not be obstructed by
Client or used for any purpose other than egress and ingress.

   6. No advertisement or identifying signs, other than provided by CEO, or
other notices shall be inscribed, painted, or affixed on any part of the
corridors, doors or public areas.

   7. Client shall not, without CEO's prior written consent, store or operate in
the Office(s) or the CEO Business Center any computer (excepting a personal
computer) or any other large business machine, reproduction equipment, stamp
machine, heating equipment, stove, radio, stereo equipment or other mechanical
amplification equipment, vending or coin operated machine, refrigerator or
coffee equipment, or conduct a mechanical business therein, do any cooking
therein, or use or allow to be used in the Building, oil burning fluids,
gasoline, kerosene for heating, warming or lighting. No article deemed hazardous
on account of fire or any explosives shall be brought into the CEO Business
Center. No offensive gases, odors or liquids will be permitted.

   8. The electrical current shall be used for ordinary lighting and office
equipment purposes only unless written permission to do otherwise shall first
have been obtained from CEO at an agreed cost to Client.

   9. If Client requires any special installation or wiring for electrical use,
telephone equipment or otherwise, such wiring shall be done at Client's expense
by the personnel designated by CEO.

   10. Client may not conduct business in the hallways, reception area or any
other area except in its designated Office(s) without the prior written consent
of CEO.

   11. Client will bring no animals other than seeing-eye dogs in the company of
blind persons into the Building.

   12. Client shall not remove furniture, fixtures or decorative material from
the Office(s) without the written consent of CEO and such removal shall be under
the supervision and regulations of the CEO Business Center.

   13. Client will not use the CEO Business Center for manufacturing or storage
of merchandise except as such storage may be incidental to general office
purposes.

   14. Client will not occupy or permit any portion of the CEO Business Center
to be occupied or used for the manufacture, sale, gift or use of liquor,
narcotics or tobacco in any form.

   15. Client will not use the Office(s) for lodging or sleeping or for any
immoral or illegal purposes.

   16. No additional locks or bolts of any kind shall be placed upon any of the
doors or windows of the CEO Business Center by Client nor shall any changes be
made on existing locks or the mechanisms thereof.

   17. Client shall, before leaving the Offices(s) unattended for an extended
period of time, close and securely lock all doors and shut off all lights and
other electrical apparatus. Any damage resulting from failure to do so shall be
paid by Client.

   18. Canvassing, soliciting and peddling in the Building are prohibited and
Client shall not solicit other clients for any business or other purpose without
the prior written approval of CEO.

   19. All property belonging to Client or any employee, agent or invitee of
Client shall be at the risk of such person only and CEO shall not be liable for
damages thereto or for theft or misappropriation thereof.

   20. If Client does not remove any property belonging to Client from the
CEO Business Center by the end of the term, at the option of CEO, Client shall
be conclusively presumed to have conveyed such property to CEO under this
Agreement as a bill of sale without further payment or credit by CEO to Client
and CEO may remove the same and Client shall pay CEO all costs of such removal
upon demand.

   21. Smoking shall be prohibited in all public areas, including conference and
training rooms. No smoking shall be permitted at any time in any area of the
CEO Business Center.

CEO SHALL HAVE NO RESPONSIBILITY TO CLIENT FOR THE VIOLATION OR NONPERFORMANCE
BY ANY OTHER CEO CLIENTS OF ANY OF THE RULES AND REGULATIONS BUT SHALL USE
REASONABLE EFFORTS TO UNIFORMLY ENFORCE ALL RULES AND REGULATIONS.

<PAGE>

SCHEDULE "D" SHARED BANDWIDTH BUSINESS PRACTICES

This document is intended to clarify and underscore the business practices we
are following in order to maintain an efficient and effective shared bandwidth
environment.

For your reference, CEO provides a category 5 ethernet network wall jack. It is
your responsibility to configure all equipment located in your office.

CEO provides by default private IP addresses that are assigned via DHCP (Dynamic
Host Configuration Protocol). These private addresses are connected to the
internet via NAT (Network Address Translation). If the private addresses do not
meet your requirements, public/routable IP addresses are available. Please
contact the General Manager to obtain this information.

In order to attach to the network, you will need to connect your computer to the
network via an Ethernet patch cable (not provided by CEO). After your computer
is physically attached to the network, you then need to verify that the TCP/IP
settings are appropriately configured. If you have no special requirements, you
should set your computer to automatically (dynamically) obtain an IP address.
If you choose to utilize a statically assigned IP address, it is your
responsibility to configure your system appropriately.

If you are unable to accomplish any of these tasks and needs technical
assistance from a technician, the General Manager can arrange for qualified
personnel to assist at your expense.

It is your responsibility to ensure that your equipment has no disruptive effect
on others' abilities to conduct business in the business center. If it is
determined that your systems are interfering with others' abilities to conduct
their businesses, you will be charged the cost incurred to correct the
situation. Also, if your systems are found to be at fault for the issues in the
center, all of the infringing systems will be disconnected from the network
until you can verify that all outstanding issues have been resolved.

The following is a non-exclusive list of actions that will be considered
disruptive:

- Excessive use of shared bandwidth, e.g., downloading large files such as
MP3's, videos, movies, etc

- Portscans/probing of the network

- Public accessible DHCP server

- Viruses that cause excessive use of bandwidth

If you are having issues with the network, then you should contact the General
Manager, who will contact the appropriate personnel for technical assistance. It
it is determined that the CEO network infrastructure is performing
appropriately, you will be charged for the cost of the specialist to
troubleshoot the issue. If it is determined that the issue is with the network
services provided by CEO, there will be no charges assigned to you.

CEO does not automatically provide any type of security on the network. It is
your responsibility to ensure that your systems and data are secured, and CEO
can provide these services as needed on a fee basis.

CEO does not automatically provide any type of technical support, including
telephone support and on-site support. However, these services can be arranged
at your expense.

At no time are you or your employees, agents, representatives or vendors allowed
in the wiring closet. If a change is needed in the infrastructure, the General
Manager should be contacted to arrange for this change, again, at your expense.

At no time is any client supplied/owned equipment allowed in the wiring closet.
This includes but not is limited to switches, routers, and firewalls. If you
require this type of equipment, extra cabling will be installed [at your
expense] that will allow this equipment to be placed in your office.

In addition, please know that we will abide by the "Acceptable Use Policy" of
our internet provider as stated in the link WWW.THEPLANET.COM/AUP.

Please review these operating practices with your technical support people and
let us know if you have any questions.

<PAGE>

[CEO LOGO]

                               SERVICE AGREEMENT
                                                                 Rev. 04-22-04 A

This Agreement is dated NOVEMBER 23, 2004, and is entered into in DALLAS, TEXAS
by and between JPM-CEO Partners, Ltd. managed by Dallas Metro Suites, Inc.
d.b.a. CEO JP Morgan International Plaza (hereinafter "CEO") and HEMOBIOTECH
(hereinafter "Client"). CEO and Client agree that CEO shall grant to Client for
and in consideration of the agreements and fee(s) set forth herein, a license to
use the Office(s) as from time to time designated by CEO and, in common with
CEO's other clients, a license to use CEO's Business Center facilities and
services, in accordance with the terms hereof.

1. BASIC TERMS. This Section 1 contains the basic terms of this Agreement and
all provisions of this Agreement are to be read in accord therewith:

       A. Base Services: CEO's Complete Executive Office Program, including the
use of executive offices complete with professional administrative staff,
telephone answering and such other inclusive services are as defined in Schedule
"A".

       B. Additional Services: Access to additional business services for
purchase as needed by Client, including secretarial, administrative,
telecommunications support and such other services are as defined in Schedule
"B".

       C. CEO Business Center: JP Morgan International Plaza D. Building: 14221
Dallas Parkway, Suite 1500, Dallas, TX 75254

       E. Office number(s) 1460 B, C having a maximum occupancy capacity of 1
person(s) each.

       F. Commencement date: DECEMBER 6, 2004

       G. Initial Term: 6 MOS. & 26 DAYS SUBSEQUENT TERMS TO BE 7 MOS.

       H. End of Initial Term: JUNE 30, 2005

       I. Monthly Base Services Program Fee: $2,107.00

       J. Refundable Services Retainer: $2,107.00 (SPECIAL 1 MONTH)

       SPECIAL:7TH MONTH OFFICE RENT FREE (JUNE 05 - $2,107.00)

   2. OFFICE. Client shall, as part of the Base Services, be granted a license
to use the Office and shall have access to the Office twenty-four (24) hours a
day, seven (7) days a week. CEO agrees to provide office cleaning, maintenance
services, electricity, heating and air conditioning to the Office for normal
office use in such reasonable quantities and during such reasonable hours as
shall be determined by CEO or the Building. In addition, Client will have
reasonable use of CEO common area facilities. Client shall use the Office and
common areas of the CEO Business Center solely for general office use in the
conduct of the Client's business.

   If, for any reason whatsoever, CEO is unable to provide use of the Office or
a mutually agreed upon alternative Office at the time herein agreed, Client may
either extend the Commencement Date until the Office becomes available or, as
its sole remedy for such failure, cancel and terminate this Agreement if the use
of the Office is not available to Client within five (5) business days after
written notice to CEO by Client, in which case any prior payments shall be fully
refunded. No such failure to provide use of the Office shall subject CEO to any
liability for loss or damage, nor affect the validity of this Agreement or the
obligations of the Client hereunder.

   CEO will have the right to relocate Client to another office in the
CEO Business Center with the consent of the Client and to substitute such other
office for the Office licensed hereby, provided such other office is
substantially similar in area and configuration to Client's contracted office
and provided Client shall incur no increase in the Monthly Base Services Fee or
any relocation cost or expense.

   3. SERVICES. CEO agrees, in consideration of the Monthly Base Services Fee,
to provide Base Services to Client as described in Schedule "A". From time to
time during the Term, CEO may, at its option, make other services available to
Client of the nature described in Schedule "B", at fees that are from time to
time established by CEO. CEO shall be under no obligation to provide Schedule
"B" services if the monthly cost thereof exceeds the Refundable Services
Retainer. In the event Client is in default of this Agreement CEO may, at its
option, cease furnishing any and all services including telephone services.

   Client will not offer to any party in the CEO Business Center or the
Building, any of the services that CEO provides to its clients including, but
not limited to, the services described in Schedule "A" or "B".

   CEO will answer all incoming telephone calls, unless otherwise mutually
agreed, during normal business hours, as determined by CEO. Answering service
will be limited to normal business communications, excluding inbound
telemarketing and advertising response which requires pre-approval by CEO and
shall be subject to fees established from time to time by CEO.

   Client will use only telecommunications systems and services as provided
by CEO unless WRITTEN permission to do otherwise shall first have been obtained
from CEO. Client will pay to CEO a monthly equipment rental fee for the use of
each telephone instrument and voice lines. In the event CEO discontinues the
offering of long distance service, Client will provide its own long distance
service through a locally accessed long distance carrier.

   Client acknowledges that due to the imperfect nature of verbal, written and
electronic communications, neither CEO nor any of its officers, directors,
employees, shareholders, partners, agents or representatives shall be
responsible for damages, direct or consequential, that may result from the
failure of CEO to furnish any service, including but not limited to the service
of conveying messages, communications and other utility or services required
under this Agreement or agreed to by CEO. Client's sole remedy and CEO's sole
obligation for any failure to render any service, any error or omission, or any
delay or interruption with respect thereto, is limited to an adjustment to
Client's billing in an amount equal to the charge for such service for the
period during which the failure, delay or interruption continues.

   Client expressly waives, and agrees not to make any claim for damages, direct
or consequential, arising out of any failure to furnish any utility, service or
facility, any error or omission with respect thereto, or any delay or
interruption of the same.

   4. DURATION OF AGREEMENT. Upon the End of Initial Term, or any extension
thereof, without written notice from CEO, the term of this Agreement and the
license herein granted shall be automatically extended for the same period of
time as the Initial Term, upon the same terms and conditions as contained
herein, unless either party gives notice to the other in writing to the

<PAGE>

contrary at least sixty (60) days prior to the End of Initial Term and any
extension thereof.

   Upon any termination of this Agreement, whether by lapse of time or
otherwise, or upon any revocation of Client's license herein granted, the Client
shall cease all use of the Office, the CEO Business Center and all services
immediately. For each and every month or portion thereof that Client continues
use of the Office after the termination of this Agreement by lapse of time or
otherwise, without the express written consent of CEO, Client shall pay CEO an
amount equal to double the Monthly Base Services Fee computed on a per-month
basis for each month or portion thereof that Client continues the use of the
Office.

   5. PAYMENTS AND ESCALATIONS. Client agrees to pay to CEO the Monthly Base
Services Fee plus applicable sales or use taxes, in advance, on the first day of
each calendar month during the Initial Term and all extensions thereof, without
any deduction, offset, notice or demand. If the Commencement Date shall be other
than the first day of a month or end on the last day of a month, fees for any
such month shall be prorated. Charges for any Schedule "B" service purchased by
Client from CEO shall be due and payable on the 1st of the month following the
billing for any such service.

   One year after the Commencement Date of this Agreement and each and every
anniversary date thereafter, the Monthly Base Services Fee will automatically
increase by six percent (6%) of the Monthly Base Services Fee due for the month
preceding such anniversary date. No written notice from CEO will be required.

   Inasmuch as CEO's Master Lease includes an annual escalation and
reconciliation clause for expenses, Client's monthly base fee may be adjusted to
reflect its prorata share of any expense increases incurred by CEO.

   All Monthly Base Services Fees and other sums payable hereunder shall be
payable at the office of CEO or at such other location or to any agent
designated in writing by CEO. In addition to any other sums due, Client shall
pay monthly late charges equal to five percent (5%) of all amounts that have not
been paid to CEO within five (5) days of the due dates plus an additional $10.00
per day for each day thereafter until paid in full. The parties agree that such
late charges are fair and reasonable compensation for costs incurred by CEO
where there is default in any payment due under this Agreement.

   Upon the execution of this Agreement, Client shall pay CEO or its agent the
Refundable Services Retainer. The Refundable Services Retainer need not be kept
separate and apart from other funds of CEO, no interest shall be paid thereon,
and may be used by CEO to provide Schedule "A" and "B" services under this
Agreement. In addition to the Refundable Services Retainer, Client will, upon
execution hereof, pay to CEO the Monthly Base Services Fee for the first full
month of the Initial Term.

   Client agrees that the Refundable Services Retainer shall not be used by
Client as payment for the Monthly Base Services Fee for the last month of the
Initial Term, or any extension thereof. In the event Client defaults in the
performance of any of the terms hereof, CEO may terminate this Agreement and the
license herein granted and may also use, apply or retain the whole, or any part,
of the Refundable Services Retainer for the payment of any service fee or any
other payment due hereunder, or for payment of any other sum that CEO may spend
by reason of Client's default. If Client shall, at the end of the term of this
Agreement, have fully and faithfully complied with all of the terms and
provisions of this Agreement, and surrendered all keys, access cards and
building passes, 80% of the Refundable Services Retainer, or any balance
thereof, shall be returned to Client within forty-five (45) days thereafter, and
the remaining 20% less any deductions will be returned after receiving the
Building's annual expense reconciliation.

   6. DAMAGES AND INSURANCE. Client will not damage or deface the furnishings,
walls, floors or ceilings, nor make holes for the hanging of pictures or make or
suffer to be made any waste, obstruction or unlawful, improper or offensive use
of the Office or the common area facilities. Client will not cause damage to any
part of the Building or the property of CEO or disturb the quiet enjoyment of
any other licensee or occupant of the Building. At the termination of this
Agreement, the Office shall be in as good condition as when Client commenced the
use thereof, normal wear and tear excepted. Client agrees to pay for repainting
each Office used by Client, One Hundred Seventy Five Dollars ($175.00) per
office. CEO will have the right, at any time and from time to time, to enter the
Office to inspect the same, to make such repairs and alterations as CEO
reasonably deems necessary, and the cost of any such repair resulting from the
act or omission of Client shall be reimbursed to CEO by Client upon demand. CEO
shall have the right to show the Office to prospective Clients, provided CEO
will use reasonable efforts not to disrupt Client's business.

   CEO and its respective directors, licensors, officers, agents, servants and
employees shall not, to the extent permitted by law, except upon the affirmative
showing of CEO's gross negligence or willful misconduct, be liable for, and
Client waives all right of recovery against such entities and individuals for
any damage or claim with respect to any injury to person or damage to, or loss
or destruction of any property of Client, its employees, authorized persons and
invitees due to any act, omission or occurrence in or about the CEO Business
Center or the Building. Without limitation of any other provision hereof, each
party hereto hereby agrees to indemnify, defend and hold harmless the other
party hereto, and such other party's officers, directors, employees,
shareholders, partners, agents and representatives from and against any
liability to third parties arising out of, in the case of Client as an
indemnifying party, Client's use and occupancy of the Office or any negligent
act or omission of Client or Client's officers, directors, employees,
shareholders, partners, agents, representatives, contractors, customers or
invitees and, in the case of CEO as an indemnifying party, any act or omission
constituting gross negligence or willful misconduct of CEO or CEO's officers,
directors, employees, shareholders, partners, agents or representatives. Subject
to the foregoing, Client assumes all risk of loss with respect to all personal
property of Client, its agents, employees, contractors, and invitees, within or
about the CEO Business Center or the Building. Client acknowledges that it is
the Client's responsibility to maintain insurance to cover the risks set forth
in this paragraph.

   CEO and Client each hereby waive any and all rights of recovery against the
other, or against the directors, licensors, officers, agents, servants and
employees of the other, for loss of or damage to its property or the property of
others under its control, to the extent such loss or damage is covered by any
insurance policy.

   If the CEO Business Center is made unusable, in whole or in part, by fire or
other casualty not due to negligence of Client, CEO may, at its option,
terminate the Agreement upon notice to Client, effective upon such casualty, or
may elect to repair, restore or rehabilitate, or cause to be repaired, restored
or rehabilitated, the CEO Business Center, without expense to Client, within
ninety (90) days or within such longer period of time as may be required because
of events beyond CEO's control. The Monthly Base Services Fee shall be abated on
a per diem basis for the portions of the Office that are unusable.

   7. DEFAULT. Client shall be deemed to be in default under this Agreement:(a)
if Client defaults in the payment of the Monthly Base Services Fee or other sums
due hereunder or (b) if Client defaults in the prompt and full performance of
any other provision of this Agreement and any such default continues in excess
of five (5) business days after written notice by CEO.

   Should Client be in default hereunder, CEO shall have the option to pursue
any one or more of the following remedies without any additional notice or
demand whatsoever and without limitation to CEO in the exercise of any remedy:

   (1) CEO may, if CEO so elects, without any additional notice of such election
or demand to Client, either forthwith terminate this Agreement and the license
to use any portion of the CEO

<PAGE>

Business Center, and may enter into the Office and take and hold possession of
the contents thereof, without releasing Client, in whole or in part, from the
Client's obligations hereunder. In the event of such termination, CEO may, at
its option, declare the entire amount of the Monthly Base Services Fee which
would become due and payable during the remainder of the term, to be due and
payable immediately, in which event, Client agrees to pay the same at once.

   (2) Pursue any other remedy now or hereafter available to CEO. CEO's exercise
of any right or remedy shall not prevent it from exercising any other right or
remedy.

   Client agrees to pay all costs and expenses, including reasonable attorneys'
fees, expended or incurred by CEO in connection with the enforcement of this
Agreement, the collection of any sums due hereunder, any action for declaratory
relief in any way related to this Agreement, or the protection or preservation
of any rights of CEO hereunder.

   8. RESTRICTION ON HIRING. Client agrees that during the term of this
Agreement and within one (1) year of the termination of this Agreement, neither
Client nor any of its principals, employees of affiliates will hire directly or
as an independent contractor, any person who is at that time, or was during the
term of this Agreement, an employee of CEO. In the event of a breach of any
obligation of Client contained in this paragraph, Client shall be liable to CEO
for, and shall pay to CEO, on demand, liquidated damages in the sum of
$10,000.00 for each employee with respect to whom such breach shall occur, it
being mutually agreed that the actual damage that would be sustained by CEO as
the result of any such breach would be, from the nature of the case, extremely
difficult to fix and that the aforesaid liquidated damage amount is fair and
reasonable.

   9. MISCELLANEOUS.

   A. This is the only Agreement between the parties. No other agreements are
effective. All amendments to this Agreement shall be in writing and signed by
all parties. Any other attempted amendment shall be void. The invalidity or
unenforceability of any provision hereof shall not affect the remainder hereof.

   B. All waivers must be in writing and signed by the waiving party. CEO's
failure to enforce any provision of this Agreement or its acceptance of fees
shall not be a waiver and shall not prevent CEO from enforcing any provision of
this Agreement in the future. No receipt of money by CEO shall be deemed to
waive any default of Client or to extend, reinstate or continue the term hereof.

   C. All Schedules and Addenda attached hereto are hereby incorporated herein
by this reference. The laws of the State in which the CEO Business Center is
located shall govern this Agreement.

   D. All parties signing this Agreement as a partnership or co-signing
individuals shall be jointly and severally liable for all obligations of Client.

   E. Client represents and warrants to CEO that there are no agents, brokers,
finders or other parties except [NONE IF NOT SPECIFIED] with whom Client has
dealt who are or may be entitled to any commission or fee with respect to this
Agreement.

   F. Neither Client nor anyone claiming by, through or under Client shall
assign this Agreement or permit the use of any portion of the CEO Business
Center by any person other than Client; provided, however, Client may assign
this Agreement to an affiliated corporation of Client. In the event of any such
permitted assignment, Client shall not thereby be relieved of any of its
obligations under this Agreement.

   G. The Rules and Regulations of the Building and of CEO as defined on
Schedule "C" hereto, and the Shared Bandwidth Business Practices as defined on
Schedule "D" hereto, and any additional schedules that may be attached hereto
are expressly made a part of this Agreement and Client expressly covenants and
agrees to abide by all of such Rules and Regulations and such Shared Bandwidth
Business Practices and such additional terms, as well as such reasonable
modifications to such Rules and Regulations and such Shared Bandwidth Business
Practices as may be hereafter adopted by CEO.

   H. This agreement is not intended to create a lease or any other interest in
real property in favor of the client, but merely creates a revocable license in
accordance with the terms hereof. This Agreement grants Client the license to
use the CEO Business Center and the Office for the specific purposes herein set
forth without diminution of the legal possession or control thereof by CEO and
shall be revocable at the option of CEO upon the destruction of the CEO Business
Center or the breach by Client of any term or condition herein set forth. This
Agreement is subject and subordinate to any underlying lease or contract of the
Building or of the premises comprising the Office or the CEO Business Center as
such lease or contract may be amended from time to time (such underlying lease
or contract together with any amendments, is hereinafter referred to as the
"Master Lease"). This Agreement shall terminate simultaneously with the
termination of the CEO Business Center operation for any reason. Client is not a
party to nor shall Client have any rights under the Master Lease.

   I. Client acknowledges that CEO Business Centers will comply with U.S. Postal
Service regulations regarding Client mail and, upon termination of this
Agreement, it will be Client's responsibility to notify all parties of
termination of the use of the above described address and assigned telephone and
facsimile numbers. At Client's written request and expense, CEO will provide
Client's new telephone number and address to all incoming callers and will hold
or forward to Client all mail, packages, facsimiles and applicable e-mail
traffic weekly for a period of ninety (90) days.

   J. CEO may assign this Agreement and/or any fees hereunder and Client agrees
to attorn to any such assignee.

<PAGE>

   K. All notices hereunder shall be in writing. Notices to Client shall be
deemed to be duly given if mailed by registered or certified mail, postage
prepaid, addressed to Client at the following address (address cannot be a P.O.
Box or CEO address):

                                13227 CEDAR LANE
                                DALLAS, TX 75234

   Notice to CEO shall be deemed to be duly given if mailed by registered or
certified mail, postage prepaid, to CEO at the following addresses:

CEO JP Morgan                           CEO BUSINESS CENTERS OF DALLAS
14221 Dallas Parkway                   ATTENTION: PRESIDENT
Suite 1500                             8214 Westchester Dr. #500
Dallas, TX75254                        Dallas, TX 75225

                        -------------------------------
                                       CEO

JPM-CEO Partners, Ltd. managed by Dallas Metro Suites, Inc. d.b.a. CEO JP Morgan
International Plaza (hereinafter "CEO") A: TEXAS CORPORATION
                       ----------------------------------

By: MICHAEL W. MOORE
    -------------------------------------------

Its: VICE PRESIDENT
    -------------------------------------------

    -------------------------------------------
                       CLIENT

CORPORATION: HEMOBIOTECH, INC.

A(n) DELAWARE corporation

By: /S/ ARTHUR P. BOLLON
    ----------------------------------------------

ARTHUR P. BOLLON
--------------------------------------------------

Its: PRESIDENT & CEO
     ---------------------------------------------

PARTNERSHIP:

A(n)___________________________partnership

By:
    ---------------------------------------------------------

Its:
     ----------------------------------------------------------

INDIVIDUALS:

                -------------------------------------------------
                                  (signature)

               -------------------------------------------------
                                  (print name)

Address:
         -------------------------------------------------

               -------------------------------------------------
                                   (signature)

               -------------------------------------------------
                                  (print name)

Address:
         -------------------------------------------------

PERSONAL GUARANTEE:

For value received, the undersigned does hereby unconditionally and irrevocably
guarantee the prompt payment and full performance of all terms, covenants,
conditions and agreements as contained herein.

BY:
    ---------------------------------------

BY:
   ----------------------------------------

SCHEDULE "A"

BASE SERVICES

o Individual Executive Office
o Voice Messaging Service
o Personalized Telephone Answering of Incoming Calls (300) incoming calls per
  month at no charge)
o Furnished and Decorated Reception Area
o Professional Receptionist, Message Center Secretaries, and Office Manager
o Use of Furnished Conference Rooms (16) hours per month at no charge) excludes
  JP Morgan Boardroom and training room
o Prestigious Business Address
o Business Identity on Building Lobby Directory
o Facsimile Number for Client's Use
o Mail and Package Receipt
o Utilities and Janitorial Service
o Building Operating Expenses as of Commencement Date
o Heating and air conditioning during normal business hours

SCHEDULE"B"

ADDITIONAL SERVICES

o Word Processing Services
o Secretarial Services
o Facsimile Services = (line charges)
o Additional Voice Messaging Service
o Copy and Binding Services
o Outgoing Metered Mail & Express Delivery Services
o Office Furniture
o Specialized Equipment
o Printing &Office Supplies
o Miscellaneous Purchasing Services
o Catering & Beverage Services
o Paging Services
o Telephone Equipment
o Specialized Telephone Services
o Local Telephone Service
o Internet Services
o Excess Message Usage
o Excess Conference Room Usage
o Other Client Requested Services
o Audio-visual equipment
o Parking

<PAGE>

SCHEDULE "C"

                              RULES AND REGULATIONS

    1. Client's employees and guests will conduct themselves in a businesslike
manner; proper business attire will be worn at all times; the noise level will
be kept to a level so as not to interfere with or annoy other clients and Client
will abide by CEO's directives regarding security, keys, parking and other such
matters common to all occupants.

    2. Client agrees to use chair mats and desk pads in the Office(s) and any
damage from failure to use the same will be the responsibility of Client. Client
will not affix anything to the windows, walls or any other part of the Office(s)
or the CEO Business Center or make alterations or additions to the Office(s) or
the CEO Business Center without the prior written consent of CEO.

    3. Client will not prop open any corridor doors, exit doors or door
connecting corridors during or after business hours.

    4. Client can only use public areas with the consent of CEO and those areas
must be kept neat and attractive at all times.

    5. All corridors, halls, elevators and stairways shall not be obstructed by
Client or used for any purpose other than egress and ingress.

    6. No advertisement or identifying signs, other than provided by CEO, or
other notices shall be inscribed, painted, or affixed on any part of the
corridors, doors or public areas.

    7. Client shall not, without CEO's prior written consent, store or operate
in the Office(s) or the CEO Business Center any computer (excepting a personal
computer) or any other large business machine, reproduction equipment, stamp
machine, heating equipment, stove, radio, stereo equipment or other mechanical
amplification equipment, vending or coin operated machine, refrigerator or
coffee equipment, or conduct a mechanical business therein, do any cooking
therein, or use or allow to be used in the Building, oil burning fluids,
gasoline, kerosene for heating, warming or lighting. No article deemed hazardous
on account of fire or any explosives shall be brought into the CEO Business
Center. No offensive gases, odors or liquids will be permitted.

    8. The electrical current shall be used for ordinary lighting and office
equipment purposes only unless written permission to do otherwise shall first
have been obtained from CEO at an agreed cost to Client.

    9. If Client requires any special installation or wiring for electrical use,
telephone equipment or otherwise, such wiring shall be done at Client's expense
by the personnel designated by CEO.

    10. Client may not conduct business in the hallways, reception area or any
other area except in its designated Office(s) without the prior written consent
of CEO.

    11. Client will bring no animals other than seeing-eye dogs in the company
of blind persons into the Building.

    12. Client shall not remove furniture, fixtures or decorative material from
the Office(s) without the written consent of CEO and such removal shall be under
the supervision and regulations of the CEO Business Center.

    13. Client will not use the CEO Business Center for manufacturing or storage
of merchandise except as such storage may be incidental to general office
purposes.

    14. Client will not occupy or permit any portion of the CEO Business Center
to be occupied or used for the manufacture, sale, gift or use of liquor,
narcotics or tobacco in any form.

    15. Client will not use the Office(s) for lodging or sleeping or for any
immoral or illegal purposes.

    16. No additional locks or bolts of any kind shall be placed upon any of the
doors or windows of the CEO Business Center by Client nor shall any changes be
made on existing locks or the mechanisms thereof.

    17. Client shall, before leaving the Offices(s) unattended for an extended
period of time, close and securely lock all doors and shut off all lights and
other electrical apparatus. Any damage resulting from failure to do so shall be
paid by Client.

    18. Canvassing, soliciting and peddling in the Building are prohibited and
Client shall not solicit other clients for any business or other purpose without
the prior written approval of CEO.

    19. All property belonging to Client or any employee, agent or invitee of
Client shall be at the risk of such person only and CEO shall not be liable for
damages thereto or for theft or misappropriation thereof.

    20. If Client does not remove any property belonging to Client from the CEO
Business Center by the end of the term, at the option of CEO, Client shall be
conclusively presumed to have conveyed such property to CEO under this Agreement
as a bill of sale without further payment or credit by CEO to Client and CEO may
remove the same and Client shall pay CEO all costs of such removal upon demand.

    21. Smoking shall be prohibited in all public areas, including conference
and training rooms. No smoking shall be permitted at any time in any area of the
CEO Business Center.

CEO SHALL HAVE NO RESPONSIBILITY TO CLIENT FOR THE VIOLATION OR NONPERFORMANCE
BY ANY OTHER CEO CLIENTS OF ANY OF THE RULES AND REGULATIONS BUT SHALL USE
REASONABLE EFFORTS TO UNIFORMLY ENFORCE ALL RULES AND REGULATIONS.

<PAGE>

SCHEDULE "D" SHARED BANDWIDTH BUSINESS PRACTICES

This document is intended to clarify and underscore the business practices we
are following in order to maintain an efficient and effective shared bandwidth
environment.

For your reference, CEO provides a category 5 ethernet network wall jack. It is
your responsibility to configure all equipment located in your office.

CEO provides by default private IP addresses that are assigned via DHCP (Dynamic
Host Configuration Protocol). These private addresses are connected to the
internet via NAT (Network Address Translation). If the private addresses do not
meet your requirements, public/routable IP addresses are available. Please
contact the General Manager to obtain this information.

In order to attach to the network, you will need to connect your computer to the
network via an Ethernet patch cable (not provided by CEO). After your computer
is physically attached to the network, you then need to verify that the TCP/IP
settings are appropriately configured. If you have no special requirements, you
should set your computer to automatically (dynamically) obtain an IP address. If
you choose to utilize a statically assigned IP address, it is your
responsibility to configure your system appropriately.

If you are unable to accomplish any of these tasks and needs technical
assistance from a technician, the General Manager can arrange for qualified
personnel to assist at your expense.

It is your responsibility to ensure that your equipment has no disruptive effect
on others' abilities to conduct business in the business center. If it is
determined that your systems are interfering with others' abilities to conduct
their businesses, you will be charged the cost incurred to correct the
situation. Also, if your systems are found to be at fault for the issues in the
center, all of the infringing systems will be disconnected from the network
until you can verify that all outstanding issues have been resolved.

The following is a non-exclusive list of actions that will be considered
disruptive:

- Excessive use of shared bandwidth, e.g., downloading large files such as
MP3's, videos, movies, etc

- Portscans/probing of the network

- Public accessible DHCP server

- Viruses that cause excessive use of bandwidth

If you are having issues with the network, then you should contact the General
Manager, who will contact the appropriate personnel for technical assistance. It
it is determined that the CEO network infrastructure is performing
appropriately, you will be charged for the cost of the specialist to
troubleshoot the issue. If it is determined that the issue is with the network
services provided by CEO, there will be no charges assigned to you.

CEO does not automatically provide any type of security on the network. It is
your responsibility to ensure that your systems and data are secured, and CEO
can provide these services as needed on a fee basis.

CEO does not automatically provide any type of technical support, including
telephone support and on-site support. However, these services can be arranged
at your expense.

At no time are you or your employees, agents, representatives or vendors allowed
in the wiring closet. If a change is needed in the infrastructure, the General
Manager should be contacted to arrange for this change, again, at your expense.

At no time is any client supplied/owned equipment allowed in the wiring closet.
This includes but not is limited to switches, routers, and firewalls. If you
require this type of equipment, extra cabling will be installed [at your
expense] that will allow this equipment to be placed in your office.

In addition, please know that we will abide by the "Acceptable Use Policy" of
our internet provider as stated in the link WWW.THEPLANET.COM/AUP.

Please review these operating practices with your technical support people and
let us know if you have any questions.

<PAGE>

COMPLETE EXECUTIVE OFFICES

LOCATION: JP Morgan INTERNATIONAL PLAZA
                                                                      [CEO LOGO]

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

COMPANY NAME:  Hemobiotech                                QUOTE DATE: 10/19/04

CONTACT NAME:  Arthur Bollon                       COMMENCEMENT DATE: 11/01/04

EMAIL:  abollon@hemobiotech.com                         RENEWAL DATE: 05/01/05

ADDRESS:  2110 Research Row                             MOVE IN DATE: 11/01/04

Dallas, TX 75235                                      AGREEMENT TERM: 6

PHONE:  (469) 585-7613

FAX:

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

MONTHLY FEES (DUE UPON EXECUTION OF AGREEMENT)

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------------------------
TAXABLE ?   SERVICE DESCRIPTION                   QTY      RATE            MONTHLY          PRORATE
------------------------------------------------------------------------------------------------------
<S>                                                <C>    <C>              <C>                <C>
      Full Time Office-1 #1460C275 sqft            1      1,170.00         1,170.00           0.00
      Full Time Office-1 #1460A216 sqft            1        650.00           650.00           0.00
      Full Time Office-1 #1460D138 sqft            1        418.00           418.00           0.00
      Full Time Office-1 #1460E138 sqft            1        418.00           418.00           0.00
      Full Time Office-1 #1460B216 sqft            1        937.00           937.00           0.00
  o   FOP Service Program-1460A                    1        400.00           400.00           0.00
  o   FOP Service Program-1460D                    1        400.00           400.00           0.00
  o   FOP Service Program-1460E                    1        400.00           400.00           0.00
  o   Telephone Equipment-1460B,C                  2         60.00           120.00           0.00
  o   Fax/Modem Lines                              1         65.00            65.00           0.00
  o   Voice Lines-1460B,C                          2         65.00           130.00           0.00
  o   Parking-Waived for 6 Months                  1          0.00             0.00           0.00
  o   Telephone Directory Listing                  1          9.25             9.25           0.00
  o   Internet Access-1460B,C                      2        100.00           200.00           0.00
  o   Sales Tax 8.25%                              1        142.25           142.25           0.00
-------------------------------------------------------------------------------------------------------
                                    TOTAL:                                $5,459.50          $0.00

</TABLE>

ONE-TIME FEES (DUE UPON EXECUTION OF AGREEMENT)

<TABLE>
<CAPTION>

---------------------------------------------------------------------------------------
TAXABLE ?   SERVICE DESCRIPTION                  QTY          RATE         MONTHLY
---------------------------------------------------------------------------------------
<S>                                                <C>      <C>              <C>
  o   Telephone Installation-Fax Line              1        150.00           150.00
  *   Office Set Up Charges-Waived Special         5          0.00             0.00
      Refundable Retainer-1 Month Special          1      5,459.50         5,459.50
      o Sales Tax 8.25%                            1         12.38            12.38
---------------------------------------------------------------------------------------
                                  TOTAL:                 $5,621.88

</TABLE>

                                  Total Monthly Charges         $5,459.50
                                    Total Setup Charges         $5,621.88
                                     Total Move-In Cost        $11,081.38

This QUOTE constitutes an offer for a period of (5) days depending on
availability and is not binding on either party until such time that both
parties have executed the agreement.

--------------------------------------------------------------------------------
JP MORGAN INTERNATIONAL PLAZA O 14221 DALLASPARKWAY O SUITE 1500 O DALLAS,
TX 75254 O PHONE:(214) 540-7400 O FAX: (214) 540-7401EX-10.14

BIOLINK LIFE SCIENCES, INC.
================================================================================
250 QUADE DRIVE, CARY, NC 27313 o 919-678-9478 o FAX 919-678-9474
                                                o E-MAIL: BioLink_life@yahoo.com

25 May 2004

Dr. Arthur Bollon
President and Chief Executive Officer
HemoBioTech, Inc.
2110 Research Row, Suite 310
Dallas, TX 75235

Dear Dr. Bollon:

Thank you for asking BioLink Life Sciences,  Inc. ("BioLink"),  a North Carolina
corporation  located at 250 Quade  Court,  Cary,  North  Carolina  27513 USA, to
develop this proposal for  overseeing the  regulatory  affairs for  HemoBioTech,
Inc.   ("Hemobiotech";   together  with  BioLink,  the  "Parties"),  a  Delaware
corporation doing business at 2110 Research Row in Dallas, TX.

THE WORK.  Under the direction of  Hemobiotech's  President and Chief  Executive
Officer, BioLink shall oversee the regulatory affairs of Hemobiotech,  including
without limitation,  comprehensive  review of existing data,  records,  results,
findings,  reports and documentation  relating to Hemobiotech's blood substitute
products and  technologies;  FDA liaison as may be necessary;  the  preparation,
submission and approval of an  Investigational  New Drug  Application to conduct
Phase I clinical trials with respect to Hemobiotech's blood substitute products;
communication  with  government  officials  and  responses to inquiries  related
thereto; as well as provision of advice and counsel to management  regarding the
development  and  implementation  of  strategies  on all aspects of the clinical
development and production of Hemobiotech's products in connection herewith.

THE ASSUMPTIONS. This proposal is presented with the following assumptions:

o    BioLink  shall report  results and deliver  work  product to  Hemobiotech's
     principal place of business in Dallas, Texas.

o    BioLink  shall  separately   maintain  all  files  and  data  belonging  to
     Hemobiotech  and not  commingle  them with the files of any other entity or
     person.

o    BioLink is engaged by  Hemobiotech  only for the purposes and to the extent
     set forth in this Agreement,  and its relation to Hemobiotech shall be that
     of an  independent  contractor.  BioLink  shall not be considered as having
     employee status.

o    All information will be provided by HemoBioTech in a timely manner.

o    Hemobiotech  acknowledges that BioLink will rely primarily upon information
     provided by Hemobiotech for the provision of services  hereunder,  and that
     BioLink does not assume any responsibility for the accuracy or completeness
     thereof.

o    Cooperation  of  Hemobiotech  staff  is  a  material  requirement  of  this
     proposal.

<PAGE>

                                                                     Page 2 of 7

THE STAFF.  BioLink will  designate  qualified  staff members and  associates of
BioLink having expertise in regulatory  affairs and/or related areas to complete
assigned  project   activities  and  will  present  these  designees  and  their
qualifications  for approval by  Hemobiotech  prior to the  initiation  of work.
Specifically, BioLink will assign responsibilities for direction and supervision
of the work  performed  hereunder to Deanna J. Nelson,  Ph.D.  who will serve as
Vice  President of Regulatory  Affairs for  Hemobiotech.  Further,  BioLink will
assign additional  responsibilities for management of the work to Nancy Chew, an
associate of BioLink in regulatory affairs matters. BioLink shall devote, during
the term of this Agreement,  such time, energy, and skill as is necessary in the
performance of the duties hereunder and shall periodically,  or at any time upon
the  request of  Hemobiotech,  submit data as to the time  requirements  of work
performed  and work to be performed  for  Hemobiotech  in  connection  with this
Agreement.

THE TERMS. It is a condition  precedent to the  effectiveness  of this Agreement
that Hemobiotech shall have completed the closing of an equity investment of not
less  than $1  million  (in a single  or a series of  related  transactions)  in
exchange for shares of Hemobiotech's stock ("Condition Precedent"). Upon closing
of such sale, HemoBioTech will provide BioLink with legal documentation and such
other  evidence  reasonably  requested by BioLink of the sale and income derived
therefrom.  This  Agreement  shall  commence  as of the date that the  Condition
Precedent is achieved (the "Effective Date"). BioLink in its sole discretion may
give written notice to HemoBioTech prior to the Effective Date of its desire not
to enter into this Agreement, and at such time, this Agreement shall be null and
void.

The  initial  term of this  Agreement  shall  be for a period  of one (1)  year,
beginning on the Effective Date (the "Initial Term"). On each anniversary of the
Initial Term,  this Agreement shall be  automatically  renewed for an additional
one year period,  unless  either Party  notifies the other Party at least thirty
(30) days prior to the  anniversary  date of the  Initial  Term of such  Party's
desire to terminate this  Agreement  (the Initial Term as renewed,  the "Term").
Notwithstanding the foregoing,  each Party hereto may immediately terminate this
Agreement upon a material breach by the other Party hereto if such breach is not
cured within thirty (30) days of a written notice of such breach.  The following
provisions  shall survive  expiration or earlier  termination of this Agreement:
Confidentiality,  Indemnification,  Limitation of Liability;  Disclaimer, Venue,
Ownership, Solicitation of Employment and Miscellaneous.

The  work to be  performed  for  Hemobiotech  shall be  performed  on a time and
expense  basis as  disclosed  in the  Schedule  of Terms  and Fees set  forth in
Appendix A and incorporated herein by reference. In addition, from time to time,
individual  tasks  associated  with the work to be  performed  hereunder  may be
defined,  and a schedule of milestones  and payments for the  completion of each
task may be  established  in writing.  Please note that standard terms include a
4-hour minimum fee for onsite meetings and travel time billed at full rate. Upon
the Effective Date of this Agreement,  Hemobiotech  shall remit to BioLink a one
time  deposit on account of $10,000  that shall be used by BioLink in payment of
authorized activities for the first month and thereafter until depleted.

BioLink shall prepare  itemized  invoices  monthly,  and  Hemobiotech  shall pay
BioLink  within 20 days of the date of each  invoice.  Invoices  not timely paid
shall accrue interest at a rate of one and one-half percent (1.5%) per month. If
any portion of any invoice is  disputed,  Hemobiotech  shall pay any  undisputed
portion of the invoice within the  aforementioned 20 day period, and the Parties
shall use good faith  efforts to reconcile  the  disputed  amount for payment as
soon as  practicable.  To the  extent  that  Hemobiotech  does not timely pay an
undisputed invoice,

<PAGE>

                                                                     Page 3 of 7

Hemobiotech  shall  reimburse  BioLink  for  its  costs  (including   reasonable
attorney's fees) incurred to collect such amount due thereunder.

Unless  otherwise  agreed by the Parties in writing,  or this Agreement has been
fully executed by the Parties,  this proposal shall expire within 90 days of the
date first written above.

CONFIDENTIALITY.  During the  regular  course of  business,  BioLink may acquire
information  considered  confidential  and the property of Hemobiotech.  BioLink
will not  during the Term of this  Agreement  and for a period of five (5) years
after it is  terminated,  whether by BioLink or by  Hemobiotech,  disclose  such
information  to any third party,  nor shall BioLink use such  information to its
own ends and gain, whether for itself or any other third party.

Immediately  upon the  expiration  or  earlier  termination  of this  Agreement,
BioLink will return all of the documents  provided by  Hemobiotech  that BioLink
may possess,  except that BioLink may retain one copy in its legal  archives for
the purpose of ensuring its  compliance  with its  confidentiality  requirements
hereunder.

BioLink will not disclose to Hemobiotech  any BioLink  confidential  information
without the written approval by Hemobiotech for making such a disclosure.

BioLink may disclose to the  members,  employees  and agents of BioLink  certain
confidential  information  hereinafter  defined,  under the following  terms and
conditions:

     SECTION  ONE.   Hemobiotech   has  developed  and  maintains   confidential
     information  including  but  not  limited  to  the  following:  information
     concerning secret processes,  formulas, machines,  components,  inventions,
     creations,  systems,  designs,  materials,  software,  assembly techniques,
     pending   patent   applications,    compositions,    improvements,   ideas,
     specifications,  or arts  relating to  products  and  services,  as well as
     financial  projections,  financing  plans,  and other business  information
     related to present or prospective  business  activities of such Party.  All
     information, and all documents, records, notebooks,  drawings,  photograph,
     and any repositories or representations of such information are hereinafter
     referred to as  "Confidential  Information."  To the extent  feasible,  the
     information to be treated as confidential  pursuant to this Agreement shall
     be  disclosed  in  writing  and  marked  "Confidential."  Any  Confidential
     Information   orally  disclosed  by  Hemobiotech  shall  be  designated  as
     "Confidential" at the time it is communicated,  and within thirty (30) days
     following   the  oral   disclosure,   confirmed   in  writing   and  marked
     "Confidential."

     SECTION TWO.  Hemobiotech  desires to make available  certain  confidential
     information  for  the  sole  purpose  of  evaluating  said  information  in
     reference to FDA regulations and the development of strategies and opinions
     and summaries and documents for submission to regulatory agencies.

     In consideration of the disclosure of Hemobiotech's  Confidential,  BioLink
     agrees to hold  Confidential  Information  in confidence and not to divulge
     it, in whole or in part, to any third party,  except in confidence to those
     of its employees  (if any) or agents who require  knowledge of the same for
     purposes for which it has been disclosed to  Hemobiotech.  Each of the said
     employees and agent shall first have agreed in writing to abide by an

<PAGE>

                                                                     Page 4 of 7

     agreement to maintain  confidentiality  of such  information with terms and
     conditions at least as stringent as those contained herein.  BioLink agrees
     not to use any of Hemobiotech's Confidential Information in any way for its
     own  benefit,  except for the purpose  specified  above,  without the prior
     written permission of Hemobiotech.

     SECTION THREE.  The  obligation of BioLink under this  Agreement  shall not
     apply to information which at the time of disclosure to BioLink,  is within
     the public domain;  or which  thereafter  becomes part of the public domain
     through no act or failure to act of the receiving Party.

     SECTION  FOUR.  BioLink  agrees  to  promptly  return  to  Hemobiotech  all
     documentary or written  information  acquired by BioLink  pursuant to or in
     connection with this Agreement,  excepting that BioLink may retain one copy
     in its legal archives for the purpose of ensuring its  compliance  with its
     confidentiality requirements hereunder.

     SECTION FIVE. In the event that Confidential  Information is required to be
     disclosed by a court,  administrative  agency or other  governmental  body,
     BioLink shall provide  reasonable  advance notice to allow  Hemobiotech the
     opportunity to seek a protective  order or otherwise  prevent or limit such
     disclosure.

     SECTION  SIX.  Information  contained  in  this  Agreement,  including  the
     financial arrangement,  is strictly confidential and is not to be disclosed
     by BioLink to any third  party,  except as  otherwise  expressly  set forth
     herein and to legal  counsel,  without  the  express  written  approval  of
     Hemobiotech.

OWNERSHIP.  BioLink hereby assigns to  Hemobiotech  the entire right,  title and
interest   to   any   writing(s),   item(s),   material(s),   invention(s)   and
discovery(ies)  ("Work  Product")  which are developed by BioLink as a result of
the  work  performed   hereunder  and  which  use   Hemobiotech's   Confidential
Information.  Notwithstanding the foregoing, any tools,  techniques,  processes,
trade secrets, ideas, concepts,  know-how, methods, or skills acquired, created,
developed or reduced to practice by BioLink, and any derivatives or improvements
thereto  which do not use  Hemobiotech  Confidential  Information  or  claims in
issued  patents shall be and remain the sole  property of BioLink,  and shall be
treated as  BioLink's  confidential  information  and shall be afforded  similar
protections  as  those  provided  with  respect  to  Hemobiotech's  confidential
information above.

INDEMNIFICATION. Each party hereby agrees to forever and for all time indemnify,
defend and hold harmless the other party, its officers,  directors,  affiliates,
partners,  consultants,  shareholders,  investment bankers, employees and agents
from and against any and all third party  claims,  suits,  damages,  losses,  or
actions of any kind (including without  limitation,  reasonable  attorney's fees
and court  costs) to the extent of each  Party's  gross  negligence  or wrongful
misconduct, including without limitation, the information provided by such Party
as the basis  upon  which  work is  performed  by the  other  Party  under  this
Agreement.

<PAGE>

                                                                     Page 5 of 7

CANCELLATION.  Should the project be terminated  prior to the  expiration of the
Initial  Term or any  renewed  term  thereafter  through  no fault  of  BioLink,
Hemobiotech will pay all accrued fees and expenses as well as a cancellation fee
of $10,000.00 USD.

WARRANTY.  BioLink  assures  Hemobiotech  that all work on this  project will be
carried  out by persons  qualified  to do the work and to the  standard  of care
currently  prevailing in the  regulatory  affairs  profession.  BioLink  assures
Hemobiotech  that  BioLink  will  perform  this  work  in  accordance  with  all
applicable federal,  state, and local laws, statues,  acts,  ordinances,  rules,
regulations, codes and other standards. BioLink assures Hemobiotech that BioLink
and to BioLink's  knowledge,  its employees,  affiliates,  and agents have never
been  debarred or convicted of a crime for which a person can be debarred  under
subsection (a) or (b) of 21 U.S.C. (*) 355a. BioLink further assures Hemobiotech
that to its knowledge,  it does not now and will not knowingly in the future use
in any capacity the services of any person debarred under  subsection (a) or (b)
of 21 U.S.C. ss 355a.

BioLink assures Hemobiotech that BioLink understands that time is of the essence
and will itself cause no delays in the timely completion of the project.  Should
required  materials be delayed in delivery to BioLink,  all  reasonable  efforts
will be made to  bring  the  project  into  alignment  with the  agreed  project
schedule.  However,  in the event  that  delays  were due to events  beyond  the
control of BioLink,  or due to untimely  delivery of material by  Hemobiotech or
provision of inadequate or inappropriate material by Hemobiotech,  BioLink shall
not be held  liable for late  delivery.  Should the  project  extend  beyond the
expected  termination date, BioLink assures Hemobiotech of continuity of service
until the completion of the project.

LIMITATION OF LIABILITY;  DISCLAIMER.  BioLink HEREBY  DISCLAIMS ALL WARRANTIES,
WHETHER EXPRESS,  IMPLIED OR ARISING BY CUSTOM OR TRADE USAGE, INCLUDING WITHOUT
LIMITATION, WARRANTIES OF MERCHANTABILITY,  FITNESS FOR A PARTICULAR PURPOSE AND
NON-INFRINGEMENT,  AND EACH  PARTY  DOES NOT  GUARANTEE  THAT  THE  SERVICES  0R
DELIVERABLES  WILL  MEET  HEMOBIOTECH'S   NEEDS.  Except  for  fraud,   wrongful
misconduct or gross negligence,  BioLink's total liability, in contract, tort or
otherwise  arising out of, in conection with or under this  Agreement,  shall be
limited to the amount of fees  received by BioLink  under this  Agreement in the
three (3) month  period  preceding  the  situation  that gave rise to a claim by
Hemobiotech.   Except  for  fraud,  wrongful  misconduct  or  gross  negligence,
Hemobiotech's total liability, in contract, tort or otherwise arising out of, in
connection with or under this Agreement, shall be limited to the payments of the
full amount of services under this agreement.  In no event shall either party be
liable for any special,  consequential,  indirect or incidental  damages however
arising, including without limitation, loss of profits, revenue or data, even if
apprised of the possibility of such damages occurring.

FORCE MAJEURE. Failure of either Party to perform the terms of this Agreement in
whole or in part shall be excused if such  failure  results  from events  beyond
such  Party's  reasonable  control,  and  which by the  exercise  of  reasonable
diligence are unpreventable by such Party,  including,  but not limited to: war,
hostilities,  revolution, riot, civil disorder, acts of terrorism, flood, storm,
fire or other  physical  disaster,  acts of  government,  strikes or other labor
disputes,  unavailability  of plant,  equipment  or  materials  or damage to any
premises,  plant,  equipment or materials  (each,  a "Force  Majeure").  A Party
invoking  the  provisions  of  Force  Majeure  shall  take all  action  which is
reasonable under the circumstances to overcome the Force Majeurce

<PAGE>

                                                                     Page 6 of 7

and shall be entitled to such  extensions of time as may be fair and  reasonable
in all the  circumstances  to continue with the  performance of its  obligations
hereunder,  provided  that such Party shall  suspend  performance  only for such
period of time as is necessary as a result of the Force Majeure.

MISCELLANEOUS. No modification, amendment, or waiver may be made to the terms of
this Agreement  without the written consent of both Parties.  Should one term of
this Agreement be found  unenforceable,  the  enforceability of the remainder of
the Agreement shall not be affected.  Failure of either Party to avail itself of
any  breach of this  Agreement  by the other  Party  shall not be deemed to be a
waiver of any subsequent  breach.  This  Agreement  shall remain binding on each
Party's  successors  and  assigns.  Neither  Party may assign or  transfer  this
Agreement to any other person or entity without the prior written consent of the
other Party,  provided  that either  Party may assign this  Agreement to another
entity:  (i)  owning a majority  of its  outstanding  stock,  (ii) into which it
merges, or (iii) which acquires all or substantially all of its assets.

SOLICITATION OF EMPLOYMENT.  Hemobiotech shall pay a fee of One Hundred Thousand
Dollars  ($100,000) for each employee or agent of BioLink that becomes  employed
by  Hemobiotech  during  the  Term of this  Agreement  and  within  one (1) year
thereafter, unless otherwise agreed by BioLink in writing.

VENUE.  The laws of the United  States of America,  the State of Delaware  shall
define and control this Agreement, without regard to conflict of law principles.
Any dispute or claim arising out of, or in connection with, this Agreement shall
be finally  settled by binding  arbitration  in accordance  with the  Commercial
Rules of the American  Arbitration  Association by one (1)  arbitrator  mutually
agreed upon by the Parties. Judgment on the award rendered by the arbitrator may
be entered in any court of competent jurisdiction.

If you agree with the above  proposal,  please  sign and return one copy of this
Agreement.  The other copy is for your files. This Agreement may be executed in,
one or more counterparts.

BIOLINK LIFE SCIENCES, INC.               HEMOBIOTECH
By:                                       By:

/s/ Deanna J. Nelson                      /s/ Arthur P. Bollon
-------------------------------------     --------------------------------------
Deanna J. Nelson, Ph.D                    Arthur P. Bollon, Ph.D.
President and Chief Executive Officer     President and Chief Scientific Officer

May 25, 2004                              May 25, 2004
-------------------------------------     --------------------------------------
Date                                      Date

<PAGE>

                                                                     Page 7 of 7

              SCHEDULE A - DESCRIPTION OF SERVICES AND COMPENSATION

FEES:

Regulatory Affairs Consulting:   $250 per hour, $10,000 monthly cap unless
authorized by the Company

Scheduled Meetings and Conferences:   $250 per hour. Please note that each
BioLink consultant maintains a 4-hour minimum fee for onsite meetings and that
travel time for meetings and conferences in any venue will be billed at half
rate.

EXPENSES:

Requests for reasonable and customary expenses in excess of $50 other than
travel expenses will be submitted to Hemobiotech for approval prior to being
incurred.

Travel will be incurred at Hemobiotech's request and reasonable and customary
expenses related thereto will be invoiced to Hemobiotech on a monthly basis.
Please note that international travel will be completed in "Business Class."

STATEMENTS:

BioLink shall prepare itemized invoices monthly, and Hemobiotech shall pay
BioLink within 20 days of receipt of each invoice.

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