Document:

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                                                                    Exhibit 10.2

                            IVIVI TECHNOLOGIES, INC.
                  2004 AMENDED AND RESTATED STOCK OPTION PLAN

              (As Amended and Restated Effective August 28, 2006)

                                   ARTICLE I

                                    THE PLAN

     1.1 TITLE. This plan is entitled the "Ivivi Technologies, Inc. 2004 Amended
and Restated Stock Option Plan" (the "Plan").

     1.2 PURPOSE. The purpose of the Plan is to enhance the long-term
stockholder value of Ivivi Technologies, Inc., a New Jersey corporation (the
"Company") by offering opportunities to directors, officers, employees and
eligible consultants of the Company and any Related Company, as defined below,
to acquire and maintain stock ownership in the Company in order to give these
persons the opportunity to participate in the Company's growth and success, and
to encourage them to remain in the service of the Company or a Related Company.

                                   ARTICLE II

                                   DEFINITIONS

     The following terms will have the following meanings in the Plan:

     "Board" means the Board of Directors of the Company.

     "Cause," unless otherwise defined in the instrument evidencing the award or
in an employment or services agreement between the Company or a Related Company
and a Participant, means a material breach of the employment or services
agreement, dishonesty, fraud, misconduct, unauthorized use or disclosure of
confidential information or trade secrets, or conviction or confession of a
crime punishable by law (except minor violations), in each case as determined by
the Plan Administrator, and its determination shall be conclusive and binding.

     "Code" means the Internal Revenue Code of 1986, as amended from time to
time.

     "Common Stock" means the common stock, no par value, of the Company.

     "Consultant Participant" means a Participant who is defined as a Consultant
Participant in Article 5.

     "Corporate Transaction," unless otherwise defined in the instrument
evidencing the Option or in a written employment or services agreement between
the Company or a Related Company and a Participant, means consummation of
either:

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          (a) a merger or consolidation of the Company with or into any other
     corporation, entity or person; or

          (b) a sale, lease, exchange or other transfer in one transaction or a
     series of related transactions of all or substantially all the Company's
     outstanding securities or all or substantially all the Company's assets.

     Notwithstanding the foregoing, a Corporate Transaction shall not include a
Related Party Transaction.

     "Disability," unless otherwise defined by the Plan Administrator, means a
mental or physical impairment of the Participant that is expected to result in
death or that has lasted or is expected to last for a continuous period of 12
months or more and that causes the Participant to be unable, in the opinion of
the Company, to perform his or her duties for the Company or a Related Company
and to be engaged in any substantial gainful activity.

     "Employment Termination Date" means, with respect to a Participant, the
first day upon which the Participant no longer has an employment or service
relationship with the Company or any Related Company.

     "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     "Fair Market Value" means the per share value of the Common Stock
determined as follows: (a) if the Common Stock is listed on an established stock
exchange or exchanges or the NASDAQ National Market, the closing price per share
on the last trading day immediately preceding such date on the principal
exchange on which it is traded or as reported by NASDAQ; (b) if the Common Stock
is not then listed on an exchange or the NASDAQ National Market, but is quoted
on the NASDAQ Small Cap Market, the NASDAQ electronic bulletin board or the
National Quotation Bureau pink sheets, the average of the closing bid and asked
prices per share for the Common Stock as quoted by NASDAQ or the National
Quotation Bureau, as the case may be, on the last trading day immediately
preceding such date; or (c) if there is no such reported market for the Common
Stock for the date in question, then an amount determined in good faith by the
Plan Administrator.

     "Grant Date" means the date on which the Plan Administrator completes the
corporate action relating to the grant of an Option or such later date specified
by the Plan Administrator, and on which all conditions precedent to the grant
have been satisfied, provided that conditions to the exercisability or vesting
of Options shall not defer the Grant Date.

     "Incentive Stock Option" means an Option granted with the intention, as
reflected in the instrument evidencing the Option, that it qualify as an
"incentive stock option" as that term is defined in Section 422 of the Code.

     "IPO Effective Date" means the date on which the Securities and Exchange
Commission declares effective a registration statement that describes the
initial public offering of the

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Common Stock. No assurances are given that the Company will ever seek to effect
or consummate an initial public offering.

     "Non-qualified Stock Option" means an Option other than an Incentive Stock
Option.

     "Option" means the right to purchase Common Stock granted under Article 7.

     "Option Expiration Date" has the meaning set forth in Article 7.6.

     "Option Term" has the meaning set forth in Article 7.3.

     "Outside Director" means a member of the Board who is not an employee of
the Company or a Related Company.

     "Participant" means the person to whom an Option is granted and who meets
the eligibility requirements imposed by Article 5, including Consultant
Participants, as defined in Article 5.

     "Plan Administrator" has the meaning set forth in Article 3.1.

     "Related Company" means any entity that, directly or indirectly, is in
control of or is controlled by the Company.

     "Related Party Transaction" means (a) a merger or consolidation of the
Company in which the holders of shares of Common Stock immediately prior to the
merger hold at least a majority of the shares of Common Stock in the Successor
Corporation immediately after the merger; (b) a sale, lease, exchange or other
transaction in one transaction or a series of related transactions of all or
substantially all the Company's assets to a wholly-owned subsidiary corporation;
(c) a mere reincorporation of the Company; or (d) a transaction undertaken for
the sole purpose of creating a holding company that will be owned in
substantially the same proportion by the persons who held the Company's
securities immediately before such transaction.

     "Retirement," unless otherwise defined by the Plan Administrator from time
to time for purposes of the Plan, means retirement on or after the individual's
normal retirement date under the Company's 401(k) plan or other similar
successor plan applicable to salaried employees.

     "Securities Act" means the Securities Act of 1933, as amended.

     "Successor Corporation" has the meaning set forth in Article 12.3.1.

     "Stock Split" means a stock split of 1.625 shares for each outstanding
share of Common Stock on or before the IPO Effective Date.

     "Vesting Commencement Date" means the Grant Date or such other date
selected by the Plan Administrator as the date from which the Option begins to
vest for purposes of Article 7.4.

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                                  ARTICLE III

                                 ADMINISTRATION

     3.1 PLAN ADMINISTRATOR. The Plan shall be administered by the Board or a
committee appointed by, and consisting of two or more members of, the Board (the
"Plan Administrator"). If and so long as the Common Stock is registered under
Section 12(b) or 12(g) of the Exchange Act, the Board shall consider in
selecting the members of any committee acting as Plan Administrator, with
respect to any persons subject or likely to become subject to Section 16 of the
Exchange Act, the provisions regarding (a) "outside directors" as contemplated
by Section 162(m) of the Code and (b) "non-employee directors" as contemplated
by Rule 16b-3 under the Exchange Act. Committee members shall serve for such
term as the Board may determine, subject to removal by the Board at any time. At
any time when no committee has been appointed to administer the Plan, then the
Board will be the Plan Administrator.

     3.2 ADMINISTRATION AND INTERPRETATION BY PLAN ADMINISTRATOR. Except for the
terms and conditions explicitly set forth in the Plan, the Plan Administrator
shall have exclusive authority, in its discretion, to determine all matters
relating to Options under the Plan, including the selection of individuals to be
granted Options, the type of Options, the number of shares of Common Stock
subject to an Option, all terms, conditions, restrictions and limitations, if
any, of an Option and the terms of any instrument that evidences the Option. The
Plan Administrator shall also have exclusive authority to interpret the Plan and
the terms of any instrument evidencing the Option and may from time to time
adopt and change rules and regulations of general application for the Plan's
administration. The Plan Administrator's interpretation of the Plan and its
rules and regulations, and all actions taken and determinations made by the Plan
Administrator pursuant to the Plan, shall be conclusive and binding on all
parties involved or affected. The Plan Administrator may delegate administrative
duties to such of the Company's officers as it so determines.

                                   ARTICLE IV

                            STOCK SUBJECT TO THE PLAN

     4.1 AUTHORIZED NUMBER OF SHARES. Subject to adjustment from time to time as
provided in Article 11.1, the number of shares of Common Stock available for
issuance under the Plan shall be 1,500,000 shares.

     4.2 REUSE OF SHARES. Any shares of Common Stock that have been made subject
to an Option that cease to be subject to the Option (other than by reason of
exercise or settlement of the Option to the extent it is exercised for or
settled in shares) shall again be available for issuance in connection with
future grants of Options under the Plan. In the event shares issued under the
Plan are reacquired by the Company pursuant to any forfeiture provision or right
of repurchase, such shares shall again be available for the purposes of the
Plan; provided, however, that the maximum number of shares that may be issued
upon the exercise of Incentive Stock Options shall equal the share number stated
in Article 4.1, subject to adjustment from time to

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time as provided in Article 12.1; and provided, further, that for purposes of
Article 4.3, any such shares shall be counted in accordance with the
requirements of Section 162(m) of the Code.

     4.3 LIMITATIONS. Subject to adjustment from time to time as provided in
Article 12.1, not more than an aggregate of 1,500,000 shares of Common Stock
shall be available for issuance pursuant to grants of Options under the Plan. No
participant shall be granted, in any fiscal year of the Company, Options to
purchase more than the number of shares of Common Stock authorized for issuance
under the Plan.

                                   ARTICLE V

                                   ELIGIBILITY

     An Option may be granted to any officer, director or employee of the
Company or a Related Company that the Plan Administrator from time to time
selects. An Option may also be granted to any consultant, agent, advisor or
independent contractor who provides services to the Company or any Related
Company (a "Consultant Participant"), so long as such Consultant Participant (a)
is a natural person or an alter ego entity of the natural person providing the
services; (b) renders bona fide services that are not in connection with the
offer and sale of the Company's securities in a capital-raising transaction; and
(c) does not directly or indirectly promote or maintain a market for the
Company's securities.

                                   ARTICLE VI

                                     OPTIONS

     6.1 FORM AND GRANT OF OPTIONS. The Plan Administrator shall have the
authority, in its sole discretion, to determine the type or types of Options to
be granted under the Plan.

     6.2 SETTLEMENT OF OPTIONS. The Company may settle Options through the
delivery of shares of Common Stock, the granting of replacement Options or any
combination thereof as the Plan Administrator shall determine. Any Option
settlement, including payment deferrals, may be subject to such conditions,
restrictions and contingencies as the Plan Administrator shall determine.

                                  ARTICLE VII

                                GRANTS OF OPTIONS

     7.1 GRANT OF OPTIONS. The Plan Administrator shall have the authority, in
its sole discretion, to grant Options as Incentive Stock Options or as
Non-qualified Stock Options, which shall be appropriately designated.

     7.2 OPTION EXERCISE PRICE. The exercise price for shares purchased under an
Option shall be as determined by the Plan Administrator, provided that:

          (a) the exercise price for Options granted to Participants other than
     Consultant Participants shall not be less than the minimum exercise price
     required by Article 8.3

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     with respect to Incentive Stock Options and shall not be less than 85% of
     Fair Market Value of the Common Stock on the Grant Date with respect to
     Non-qualified Stock Options;

          (b) the exercise price for Options granted to Consultant Participants
     shall not be less than 85% of Fair Market Value of the Common Stock on the
     Grant Date.

     7.3 TERM OF OPTIONS. Subject to earlier termination in accordance with the
terms of the Plan and the instrument evidencing the Option, the maximum term of
an Option (the "Option Term") shall be as established for that Option by the
Plan Administrator or, if not so established, shall be ten years from the Grant
Date.

     7.4 EXERCISE OF OPTIONS. The Plan Administrator shall establish and set
forth in each instrument that evidences an Option the time at which, or the
installments in which, the Option shall vest and become exercisable, any of
which provisions may be waived or modified by the Plan Administrator at any
time. The Plan Administrator, in its sole discretion, may adjust the vesting
schedule of an Option held by a Participant who works less than "full-time" as
that term is defined by the Plan Administrator or who takes a Company-approved
leave of absence. To the extent an Option has vested and become exercisable, the
Option may be exercised in whole or from time to time in part by delivery to the
Company of a written stock option exercise agreement or notice, in a form and in
accordance with procedures established by the Plan Administrator, setting forth
the number of shares with respect to which the Option is being exercised, the
restrictions imposed on the shares purchased under such exercise agreement, if
any, and such representations and agreements as may be required by the Plan
Administrator, accompanied by payment in full as described in Article 7.5. An
Option may be exercised only for whole shares and may not be exercised for less
than a reasonable number of shares at any one time, as determined by the Plan
Administrator.

     7.5 PAYMENT OF EXERCISE PRICE. The exercise price for shares purchased
under an Option shall be paid in full to the Company by delivery of
consideration equal to the product of the Option exercise price and the number
of shares purchased. Such consideration must be paid before the Company will
issue the shares being purchased and must be in a form or a combination of forms
acceptable to the Plan Administrator for that purchase, which forms may include:

          (a) cash;

          (b) check;

          (c) tendering (either actually or, if the Common Stock is registered
     under Section 12(b) or 12(g) of the Exchange Act, by attestation) shares of
     Common Stock already owned by the Participant for at least six months (or
     any shorter period necessary to avoid a charge to the Company's earnings
     for financial reporting purposes) that on the day prior to the exercise
     date have a Fair Market Value equal to the aggregate exercise price of the
     shares being purchased under the Option;

          (d) if the Common Stock is registered under Section 12(b) or 12(g) of
     the Exchange Act, delivery of a properly executed exercise notice, together
     with irrevocable

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     instructions to a brokerage firm designated by the Company to deliver
     promptly to the Company the aggregate amount of sale or loan proceeds to
     pay the Option exercise price and any withholding tax obligations that may
     arise in connection with the exercise, all in accordance with the
     regulations of the Federal Reserve Board; or

          (e) surrendering unexercised options with an intrinsic value (Market
     Value on date of exercise of underlying shares minus exercise price of
     options surrendered) equal to the exercise price of the options being
     exercised.

     7.6 POST-TERMINATION EXERCISES. The Plan Administrator shall establish and
set forth in each instrument that evidences an Option whether the Option shall
continue to be exercisable, and the terms and conditions of such exercise, if
the Participant ceases to be employed by, or to provide services to, the Company
or a Related Company, which provisions may be waived or modified by the Plan
Administrator at any time. If not so established in the instrument evidencing
the Option, the Option shall be exercisable according to the following terms and
conditions, which may be waived or modified by the Plan Administrator at any
time:

          (a) Except as otherwise set forth in this Article 7.6, any portion of
     an Option that is not vested and exercisable on the Employment Termination
     Date shall expire on such date.

          (b) Any portion of an Option that is vested and exercisable on the
     Employment Termination Date shall expire on the earliest to occur of:

               (i) if the Participant's Employment Termination Date occurs for
          reasons other than Cause, Retirement, Disability or death, the day
          which is three months after such Employment Termination Date;

               (ii) if the Participant's Employment Termination Date occurs by
          reason of Retirement, Disability or death, the one-year anniversary of
          such Employment Termination Date; and

               (iii) the last day of the Option Term (the "Option Expiration
          Date").

     Notwithstanding the foregoing, if the Participant dies after his or her
Employment Termination Date but while an Option is otherwise exercisable, the
portion of the Option that is vested and exercisable on such Employment
Termination Date shall expire upon the earlier to occur of (y) the Option
Expiration Date and (z) the one-year anniversary of the date of death, unless
the Plan Administrator determines otherwise.

     Also notwithstanding the foregoing, in case of termination of the
Participant's employment or service relationship for Cause, all Options granted
to that Participant shall automatically expire upon first notification to the
Participant of such termination, unless the Plan Administrator determines
otherwise. If a Participant's employment or service relationship with the
Company is suspended pending an investigation of whether the Participant shall
be terminated for Cause, all the Participant's rights under any Option shall
likewise be suspended during the period of investigation. If any facts that
would constitute termination for Cause are discovered after the Participant's
relationship with the Company or a Related Company has

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ended, any Option then held by the Participant may be immediately terminated by
the Plan Administrator, in its sole discretion.

          (c) A Participant's transfer of employment or service relationship
     between or among the Company and any Related Company, or a change in status
     from an employee to a consultant, agent, advisor or independent contractor
     or a change in status from a consultant, agent, advisor or independent
     contractor to an employee, shall not be considered a termination of
     employment or service relationship for purposes of this Article 7. Unless
     the Plan Administrator determines otherwise, a termination of employment or
     service relationship shall be deemed to occur if a Participant's employment
     or service relationship is with an entity that has ceased to be a Related
     Company.

          (d) The effect of a Company-approved leave of absence on the
     application of this Article 7 shall be determined by the Plan
     Administrator, in its sole discretion.

          (e) If a Participant's employment or service relationship with the
     Company or a Related Company terminates by reason of Disability or death,
     the Option shall become fully vested and exercisable for all the shares
     subject to the Option. Such Option shall remain exercisable for the time
     period set forth in this Article 7.6.

                                  ARTICLE VIII

                       INCENTIVE STOCK OPTION LIMITATIONS

     Notwithstanding any other provisions of the Plan, and to the extent
required by Section 422 of the Code, Incentive Stock Options shall be subject to
the following additional terms and conditions:

     8.1 DOLLAR LIMITATION. To the extent the aggregate Fair Market Value
(determined as of the Grant Date) of Common Stock with respect to which
Incentive Stock Options are exercisable for the first time during any calendar
year (under the Plan and all other stock option plans of the Company) exceeds
$100,000, such portion in excess of $100,000 shall be treated as a Non-qualified
Stock Option. In the event the Participant holds two or more such Options that
become exercisable for the first time in the same calendar year, such limitation
shall be applied on the basis of the order in which such Options are granted.

     8.2 ELIGIBLE EMPLOYEES. Individuals who are not employees of the Company or
one of its parent corporations or subsidiary corporations may not be granted
Incentive Stock Options.

     8.3 EXERCISE PRICE. The exercise price of an Incentive Stock Option shall
be at least 100% of the Fair Market Value of the Common Stock on the Grant Date,
and in the case of an Incentive Stock Option granted to a Participant who owns
more than 10% of the total combined voting power of all classes of the stock of
the Company or of its parent or subsidiary corporations (a "Ten Percent
Stockholder"), shall not be less than 110% of the Fair Market Value of the
Common Stock on the Grant Date. The determination of more than 10% ownership
shall be made in accordance with Section 422 of the Code.

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     8.4 EXERCISABILITY. An Option designated as an Incentive Stock Option shall
cease to qualify for favorable tax treatment as an Incentive Stock Option to the
extent it is exercised (if permitted by the terms of the Option) (a) more than
three months after the Employment Termination Date if termination was for
reasons other than death or disability, (b) more than one year after the
Employment Termination Date if termination was by reason of disability, or (c)
after the Participant has been on leave of absence for more than 90 days, unless
the Participant's re-employment rights are guaranteed by statute or contract.

     8.5 TAXATION OF INCENTIVE STOCK OPTIONS. In order to obtain certain tax
benefits afforded to Incentive Stock Options under Section 422 of the Code, the
Participant must hold the shares acquired upon the exercise of an Incentive
Stock Option for two years after the Grant Date and one year after the date of
exercise. A Participant may be subject to the alternative minimum tax at the
time of exercise of an Incentive Stock Option. The Participant shall give the
Company prompt notice of any disposition of shares acquired on the exercise of
an Incentive Stock Option prior to the expiration of such holding periods.

     8.6 CODE DEFINITIONS. For the purposes of this Article 8, "parent
corporation," "subsidiary corporation" and "disability" shall have the meanings
attributed to those terms for purposes of Section 422 of the Code.

                                   ARTICLE IX

                           GRANTS TO OUTSIDE DIRECTORS

     9.1 AUTOMATIC GRANTS. From and after the IPO Effective Date, all grants of
Options to Outside Directors pursuant to this Article shall be automatic and
nondiscretionary and shall be made strictly in accordance with the following
provisions:

          (a) All Options granted pursuant to this Section shall be
     Non-qualified Stock Options and, except as otherwise provided herein, shall
     be subject to the other terms and conditions of the Plan.

          (b) No person shall have any discretion to select which Outside
     Directors shall be granted Options under this Section or to determine the
     number of shares of Common Stock to be covered by such Options.

          (c) Each person who becomes an Outside Director effective on the IPO
     Effective Date, or who first becomes an Outside Director following the IPO
     Effective Date, shall be automatically granted an Option to purchase 20,000
     shares of Common Stock (after giving effect to the Stock Split) (the "First
     Option"), such grant to be effective as of the later of the IPO Effective
     Date or the date on which such person first becomes an Outside Director,
     whether through election by the shareholders of the Company or appointment
     by the Board to fill a vacancy; provided, however, that an Inside Director
     who ceases to be an Inside Director but who remains a Director shall not
     receive a First Option.

          (d) Each person who is an Outside Director as of each date after the
     IPO Effective Date on which an annual meeting of shareholders of the
     Company is held shall

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     be automatically granted an Option to purchase 20,000 shares of Common
     Stock (after giving effect to the Stock Split) (a "Subsequent Option") on
     the date of such annual meeting if, as of such date, he or she shall have
     served on the Board for at least the preceding six months.

          (e) The terms of each Option granted pursuant to this Section shall be
     as follows:

               (i) the term of the Option shall be ten (10) years;

               (ii) the exercise price per shares of Common Stock shall be 100%
          of the Fair Market Value per Share on the date of grant of the Option;
          and

               (iii) subject to Article XII hereof, the First Option and the
          Subsequent Option shall vest and become exercisable as to one-third
          (1/3) of the shares of Common Stock subject to the Option on the date
          of grant and one-third (1/3) of such option vesting on the first
          anniversary of its date of grant, and the remaining one-third (1/3) of
          such Shares on the second anniversary of its date of grant, provided
          that the Optionee continues to serve as a Director on such dates.

          (f) The number of shares of Common Stock covered by the First Option
and the Subsequent Option gives effect to the Stock Split, and if the Stock
Split is not effected prior to the date of grant thereof, such number of shares
of Common Stock shall be adjusted in accordance with Section 12.1 to reflect
that the Stock Split was not effected, such that the Outside Director shall be
entitled to purchase the number of shares which the Outside Director would have
been entitled to receive without giving effect to the Stock Split.

     9.2 DISCRETIONARY GRANTS. Notwithstanding anything in the Plan to the
contrary, the Board, in its sole and absolute discretion, may grant Options from
time to time to any chairman of one or more of its various committees,
including, but not limited to, its audit, compensation, nominating, and
corporate governance committees. The terms of each Option granted pursuant to
this Section 9.2 shall be in accordance with the terms set forth in paragraph
(e) of Section 9.1.

                                    ARTICLE X

                                   WITHHOLDING

     10.1 GENERAL. The Company may require the Participant to pay to the Company
the amount of any taxes that the Company is required by applicable federal,
state, local or foreign law to withhold with respect to the grant, vesting or
exercise of an Option. The Company shall not be required to issue any shares
Common Stock under the Plan until such obligations are satisfied.

     10.2 PAYMENT OF WITHHOLDING OBLIGATIONS IN CASH OR SHARES. The Plan
Administrator may permit or require a Participant to satisfy all or part of his
or her tax withholding obligations by (a) paying cash to the Company, (b) having
the Company withhold from any cash amounts otherwise due or to become due from
the Company to the Participant, (c) having the Company withhold a portion of any
shares of Common Stock that would otherwise be

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issued to the Participant having a value equal to the tax withholding
obligations (up to the employer's minimum required tax withholding rate), or (d)
surrendering any shares of Common Stock that the Participant previously acquired
having a value equal to the tax withholding obligations (up to the employer's
minimum required tax withholding rate to the extent the Participant has held the
surrendered shares for less than six months).

                                   ARTICLE XI

                                  ASSIGNABILITY

     Neither an Option nor any interest therein may be assigned, pledged or
transferred by the Participant or made subject to attachment or similar
proceedings other than by will or by the applicable laws of descent and
distribution, and, during the Participant's lifetime, such Options may be
exercised only by the Participant. Notwithstanding the foregoing, and to the
extent permitted by Section 422 of the Code, the Plan Administrator, in its sole
discretion, may permit a Participant to assign or transfer an Option or may
permit a Participant to designate a beneficiary who may exercise the Option or
receive payment under the Option after the Participant's death; provided,
however, that any Option so assigned or transferred shall be subject to all the
terms and conditions of the Plan and those contained in the instrument
evidencing the Option.

                                   ARTICLE XII

                                   ADJUSTMENTS

     12.1 ADJUSTMENT OF SHARES. In the event, at any time or from time to time,
a stock dividend, stock split, spin-off, combination or exchange of shares,
recapitalization, merger, consolidation, distribution to stockholders other than
a normal cash dividend, or other change in the Company's corporate or capital
structure, including, without limitation, a Related Party Transaction and the
Stock Split, results in (a) the outstanding shares of Common Stock, or any
securities exchanged therefor or received in their place, being exchanged for a
different number or kind of securities of the Company or of any other
corporation or (b) new, different or additional securities of the Company or of
any other corporation being received by the holders of shares of Common Stock of
the Company, then the Plan Administrator shall make proportional adjustments in
(i) the maximum number and kind of securities subject to the Plan and issuable
as Incentive Stock Options as set forth in Article 4 and the maximum number and
kind of securities that may be made subject to Options and to Options to any
individual as set forth in Article 4.3, and (ii) the number and kind of
securities that are subject to any outstanding Award and the per share price of
such securities, without any change in the aggregate price to be paid therefor.
The determination by the Plan Administrator as to the terms of any of the
foregoing adjustments shall be conclusive and binding. Notwithstanding the
foregoing, a dissolution or liquidation of the Company or a Corporate
Transaction shall not be governed by this Article 12.1 but shall be governed by
Articles 12.2 and 12.3, respectively.

     12.2 DISSOLUTION OR LIQUIDATION. To the extent not previously exercised or
settled, and unless otherwise determined by the Plan Administrator in its sole
discretion, Options shall terminate immediately prior to the dissolution or
liquidation of the Company. To the extent a forfeiture provision or repurchase
right applicable to an Option has not been waived by the Plan

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Administrator, the Option shall be forfeited immediately prior to the
consummation of the dissolution or liquidation.

     12.3 CORPORATE TRANSACTIONS AND THEIR EFFECT ON OPTIONS.

          (a) In the event of a Corporate Transaction, except as otherwise
     provided in the instrument evidencing an Option (or in a written employment
     or services agreement between a Participant and the Company or Related
     Company) and except as provided in subsection (b) below, each outstanding
     Option shall be assumed or an equivalent option or right substituted by the
     surviving corporation, the successor corporation or its parent corporation,
     as applicable (the "Successor Corporation").

          (b) If, in connection with a Corporate Transaction, the Successor
     Corporation refuses to assume or substitute for an Option, then each such
     outstanding Option shall become fully vested and exercisable with respect
     to 100% of the un-vested portion of the Option. In such case, the Plan
     Administrator shall notify the Participant in writing or electronically
     that the un-vested portion of the Option specified above shall be fully
     vested and exercisable for a specified time period. At the expiration of
     the time period, the Option shall terminate, provided that the Corporate
     Transaction has occurred.

          (c) For the purposes of this Article 12.3, the Option shall be
     considered assumed or substituted for if following the Corporate
     Transaction the option or right confers the right to purchase or receive,
     for each share of Common Stock subject to the Option immediately prior to
     the Corporate Transaction, the consideration (whether stock, cash, or other
     securities or property) received in the Corporate Transaction by holders of
     Common Stock for each share held on the effective date of the transaction
     (and if holders were offered a choice of consideration, the type of
     consideration chosen by the holders of a majority of the outstanding
     shares); provided, however, that if such consideration received in the
     Corporate Transaction is not solely common stock of the Successor
     Corporation, the Plan Administrator may, with the consent of the Successor
     Corporation, provide for the consideration to be received upon the exercise
     of the Option, for each share of Common Stock subject thereto, to be solely
     common stock of the Successor Corporation substantially equal in fair
     market value to the per share consideration received by holders of Common
     Stock in the Corporate Transaction. The determination of such substantial
     equality of value of consideration shall be made by the Plan Administrator
     and its determination shall be conclusive and binding.

          (d) All Options shall terminate and cease to remain outstanding
     immediately following the Corporate Transaction, except to the extent
     assumed by the Successor Corporation.

     12.4 FURTHER ADJUSTMENT OF OPTIONS. Subject to Articles 12.2 and 12.3, the
Plan Administrator shall have the discretion, exercisable at any time before a
sale, merger, consolidation, reorganization, liquidation or change of control of
the Company, as defined by the Plan Administrator, to take such further action
as it determines to be necessary or advisable, and fair and equitable to the
Participants, with respect to Options. Such authorized action may include (but
shall not be limited to) establishing, amending or waiving the type, terms,
conditions

                                      -12-

<PAGE>

or duration of, or restrictions on, Options so as to provide for earlier, later,
extended or additional time for exercise, lifting restrictions and other
modifications, and the Plan Administrator may take such actions with respect to
all Participants, to certain categories of Participants or only to individual
Participants. The Plan Administrator may take such action before or after
granting Options to which the action relates and before or after any public
announcement with respect to such sale, merger, consolidation, reorganization,
liquidation or change of control that is the reason for such action.

     12.5 LIMITATIONS. The grant of Options shall in no way affect the Company's
right to adjust, reclassify, reorganize or otherwise change its capital or
business structure or to merge, consolidate, dissolve, liquidate or sell or
transfer all or any part of its business or assets.

     12.6 FRACTIONAL SHARES. In the event of any adjustment in the number of
shares covered by any Option, each such Option shall cover only the number of
full shares resulting from such adjustment.

                                  ARTICLE XIII

                            AMENDMENT AND TERMINATION

     13.1 AMENDMENT OR TERMINATION OF PLAN. The Board may suspend, amend or
terminate the Plan or any portion of the Plan at any time and in such respects
as it shall deem advisable; provided, however, that to the extent required for
compliance with Section 422 of the Code or any applicable law or regulation,
stockholder approval shall be required for any amendment that would (a) increase
the total number of shares available for issuance under the Plan, (b) modify the
class of employees eligible to receive Options, or (c) otherwise require
stockholder approval under any applicable law or regulation. Any amendment made
to the Plan that would constitute a "modification" to Incentive Stock Options
outstanding on the date of such amendment shall not, without the consent of the
Participant, be applicable to such outstanding Incentive Stock Options but shall
have prospective effect only.

     13.2 TERM OF PLAN. Unless sooner terminated as provided herein, the Plan
shall terminate ten years after the earlier of the Plan's adoption by the Board
and approval by the stockholders.

     13.3 CONSENT OF PARTICIPANT. The suspension, amendment or termination of
the Plan or a portion thereof or the amendment of an outstanding Option shall
not, without the Participant's consent, materially adversely affect any rights
under any Option theretofore granted to the Participant under the Plan. Any
change or adjustment to an outstanding Incentive Stock Option shall not, without
the consent of the Participant, be made in a manner so as to constitute a
"modification" that would cause such Incentive Stock Option to fail to continue
to qualify as an Incentive Stock Option. Notwithstanding the foregoing, any
adjustments made pursuant to Article 13 shall not be subject to these
restrictions.

                                      -13-

<PAGE>

                                  ARTICLE XIV

                                     GENERAL

     14.1 EVIDENCE OF OPTIONS. Options granted under the Plan shall be evidenced
by a written instrument that shall contain such terms, conditions, limitations
and restrictions as the Plan Administrator shall deem advisable and that are not
inconsistent with the Plan.

     14.2 NO INDIVIDUAL RIGHTS. Nothing in the Plan or any Option granted under
the Plan shall be deemed to constitute an employment contract or confer or be
deemed to confer on any Participant any right to continue in the employ of, or
to continue any other relationship with, the Company or any Related Company or
limit in any way the right of the Company or any Related Company to terminate a
Participant's employment or other relationship at any time, with or without
Cause.

     14.3 ISSUANCE OF SHARES. Notwithstanding any other provision of the Plan,
the Company shall have no obligation to issue or deliver any shares of Common
Stock under the Plan or make any other distribution of benefits under the Plan
unless, in the opinion of the Company's counsel, such issuance, delivery or
distribution would comply with all applicable laws (including, without
limitation, the requirements of the Securities Act), and the applicable
requirements of any securities exchange or similar entity.

     14.4 NO OBLIGATION TO REGISTER SHARES. The Company shall be under no
obligation to any Participant to register for offering or resale or to qualify
for exemption under the Securities Act, or to register or qualify under state
securities laws, any shares of Common Stock, security or interest in a security
paid or issued under, or created by, the Plan, or to continue in effect any such
registrations or qualifications if made. The Company may issue certificates for
shares with such legends and subject to such restrictions on transfer and
stop-transfer instructions as counsel for the Company deems necessary or
desirable for compliance by the Company with federal and state securities laws.
To the extent the Plan or any instrument evidencing an Option provides for
issuance of stock certificates to reflect the issuance of shares of Common
Stock, the issuance may be effected on a non-certificated basis, to the extent
not prohibited by applicable law or the applicable rules of any stock exchange.

     14.5 NO RIGHTS AS A STOCKHOLDER. No Option or Stock Option denominated in
units shall entitle the Participant to any cash dividend, voting or other right
of a stockholder unless and until the date of issuance under the Plan of the
shares that are the subject of such Option.

     14.6 COMPLIANCE WITH LAWS AND REGULATIONS. Notwithstanding anything in the
Plan to the contrary, the Plan Administrator, in its sole discretion, may
bifurcate the Plan so as to restrict, limit or condition the use of any
provision of the Plan to Participants who are officers or directors subject to
Section 16 of the Exchange Act without so restricting, limiting or conditioning
the Plan with respect to other Participants. Additionally, in interpreting and
applying the provisions of the Plan, any Option granted as an Incentive Stock
Option pursuant to the Plan shall, to the extent permitted by law, be construed
as an "incentive stock option" within the meaning of Section 422 of the Code.

                                      -14-

<PAGE>

     14.7 PARTICIPANTS IN OTHER COUNTRIES. The Plan Administrator shall have the
authority to adopt such modifications, procedures and subplans as may be
necessary or desirable to comply with provisions of the laws of other countries
in which the Company or any Related Company may operate to assure the viability
of the benefits from Options granted to Participants employed in such countries
and to meet the objectives of the Plan.

     14.8 NO TRUST OR FUND. The Plan is intended to constitute an "unfunded"
plan. Nothing contained herein shall require the Company to segregate any monies
or other property, or shares of Common Stock, or to create any trusts, or to
make any special deposits for any immediate or deferred amounts payable to any
Participant, and no Participant shall have any rights that are greater than
those of a general unsecured creditor of the Company.

     14.9 SEVERABILITY. If any provision of the Plan or any Option is determined
to be invalid, illegal or unenforceable in any jurisdiction, or as to any
person, or would disqualify the Plan or any Option under any law deemed
applicable by the Plan Administrator, such provision shall be construed or
deemed amended to conform to applicable laws, or, if it cannot be so construed
or deemed amended without, in the Plan Administrator's determination, materially
altering the intent of the Plan or the Option, such provision shall be stricken
as to such jurisdiction, person or Option, and the remainder of the Plan and any
such Option shall remain in full force and effect.

     14.10 CHOICE OF LAW. The Plan and all determinations made and actions taken
pursuant hereto, to the extent not otherwise governed by the laws of the United
States, shall be governed by the laws of the State of New Jersey without giving
effect to principles of conflicts of law.

                                   ARTICLE XV

                                 EFFECTIVE DATE

     The original effective date of the Plan is January 5, 2004. The effective
date of the Plan as amended and restated herein is August 28, 2006.

                                      -15-<PAGE>

                                                                    Exhibit 10.4

                                    AGREEMENT

THIS AGREEMENT is made and entered into this 15th day of August 2001 by and
between ADM Tronics Unlimited, Inc. ("ADM") and Sonotron Medical Systems, Inc.
("SMS"), Vet-Sonotron Systems, Inc. ("VET"), Enviro-Pack Development Corporation
("Enviro"), AA Northvale Medical Associates, Inc. ("AAN"), Precision Assembly
Corporation ("PAC"), Pegasus Laboratories, Inc. ("PL") and Immuno-Therapy
Corporation ("ITC") (SMS, VET, Enviro, AAN, PAC, PL and ITC collectively
referred to herein as "The Subsidiaries").

                                   WITNESSETH

WHEREAS, ADM is the parent corporation to The Subsidiaries and has been
providing numerous services to The Subsidiaries related to administrative,
marketing, sales, manufacturing and other functions since each individuals
subsidiary's inception, and

WHEREAS, in addition to the services ADM has allocated a portion of its real
property facilities to The Subsidiaries for use by The Subsidiaries for the
conduct of each of their respective businesses, and

WHEREAS, The Subsidiaries desire to have ADM continue to provide such services
and allocate a portion of its real property for The Subsidiaries and ADM is
desirous of continuing to provide such services and allocate such portion of its
real property to The Subsidiaries and to memorialize such agreement in a
writing.

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

         1. ADM shall provide services to The Subsidiaries under the terms and
conditions hereafter recited. Such services shall include, but not be limited
to, managerial and administrative services; marketing and sales services;
clerical and communication services; maintaining a checking account for the
deposit of funds received and the writing of checks; maintaining accounting
records; and other services in the normal course of business (the "Services").

         2. The Subsidiaries shall pay ADM for such Services on a monthly basis
pursuant to an allocation amount to be determined by ADM based upon a portion of
its applicable costs plus any direct invoices from third parties specific to a
particular subsidiary's activities. The schedule of such allocation shall be
adjusted monthly based upon a reasonable estimate of such allocation made by
ADM.

         3. With respect to the use of real property, ADM shall determine the
amount of space allocated to each subsidiary on a monthly basis for both office
and non-office space and The Subsidiaries shall reimburse ADM for the lease
costs, real property taxes and related costs for such portion of both office and
non-office space.

<PAGE>

         4. The Subsidiaries confirm that this Agreement does not infer any
other relationship between ADM and The Subsidiaries and does not obligate ADM to
be responsible for any debts or other liabilities of The Subsidiaries. The
Subsidiaries are separate entities and each is responsible for any liabilities
created.

         5. This Agreement shall be construed and enforced in accordance with
the laws of the State of New Jersey and shall not be modified or terminated
except by a written instrument executed by the parties hereto.

         6. This Agreement supercedes any previous agreements between the
parties hereto, whether written, oral or by practice.

In confirmation of the foregoing, the parties hereto have executed this
Agreement as of the day and year first above written.

                                                 /s/ Andre' DiMino
                                    --------------------------------------------
                                    ADM Tronics Unlimited, Inc.

                                                 /s/ Andre' DiMino
                                    --------------------------------------------
                                    Sonotron Medical Systems, Inc.

                                                 /s/ Andre' DiMino
                                    --------------------------------------------
                                    Vet-Sonotron Systems, Inc.

                                                 /s/ Andre' DiMino
                                    --------------------------------------------
                                    AA Northvale Medical Associates, Inc.

                                                 /s/ Andre' DiMino
                                    --------------------------------------------
                                    Enviro-Pack Development Corporation

                                                 /s/ Andre' DiMino
                                    --------------------------------------------
                                    Precision Assembly Corporation

                                                 /s/ Andre' DiMino
                                    --------------------------------------------
                                    Pegasus Laboratories, Inc.

                                                 /s/ Andre' DiMino
                                    --------------------------------------------
                                    Immuno-Therapy Corporation

                                        2
<PAGE>

                                 FIRST AMENDMENT
                                       TO
                          MANAGEMENT SERVICES AGREEMENT

This FIRST AMENDMENT TO MANAGEMENT SERVICES AGREEMENT (this "Amendment"), dated
February 10, 2005, is by and among ADM Tronics Unlimited, Inc., a Delaware
corporation ("ADM"), Sonotron Medical Systems, Inc., a Delaware corporation
("SMS"), Ivivi Technologies, Inc., a New Jersey corporation formerly known as AA
Northvale Medical Associates, Inc.("Ivivi"), and Pegasus Laboratories, Inc., a
New Jersey corporation ("PL"). Capitalized terms used but not otherwise defined
herein shall have the meanings given to such terms in the Management Services
Agreement (as defined below).

WHEREAS, ADM, SMS, Ivivi, PL, Vet-Sonotron Systems, Inc. ("VET"), Enviro-Pack
Development Corporation ("Enviro"), Precision Assembly Corporation ("PAC") and
Immuno-Therapy Corporation ("ITC") entered into a management services agreement
on August 15, 2001 (as amended, supplemented or otherwise modified from time to
time, the "Management Services Agreement");

WHEREAS, in April 2003, the operations of VET, Enviro, PAC and ITC were
transferred from ADM to Ivivi;

WHEREAS, ADM, SMS, Ivivi and PL desire to amend the Management Services
Agreement to, among other things, set forth the procedure by which the monthly
dollar amount payable by each of SMS, Ivivi and PL to ADM for its services
thereunder is determined;

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and
agreements contained herein, the parties hereto hereby agree as follows:

         Section 1. Amendments to Management Services Agreement. As of the date
hereof, the Management Services Agreement is hereby amended as follows:

                    (a) The introductory sentence of the Management Services
Agreement is hereby amended by deleting the parenthetical "(SMS, VET, Enviro,
AAN, PAC, PL and ITC collectively, referred to herein as "The Subsidiaries")"
and replacing such parenthetical with "(SMS, Ivivi and PL are collectively
referred to herein as the "Subsidiaries")."

                    (b) Paragraph 2 of the Management Services Agreement is
hereby amended and restated in its entirety as follows:

                           "2. Each Subsidiary shall pay ADM for such Services
                           on a monthly basis in an amount to be mutually
                           determined by ADM and such Subsidiary based upon a
                           portion of ADM's applicable costs plus any direct
                           invoices from third parties specific to such
                           Subsidiary's activities for such month."

                                        3
<PAGE>

                    (c) Paragraph 3 of the Management Services Agreement is
hereby amended and restated in its entirety as follows:

                           "3. With respect to the use of real property by each
                           Subsidiary, ADM and such Subsidiary shall mutually
                           determine the amount of space allocated to such
                           Subsidiary on a monthly basis for both office and
                           non-office space and such Subsidiary shall reimburse
                           ADM for the lease costs, real property taxes and
                           related costs for such portion of both office and
                           non-office space."

                  (c) The phrase "The Subsidiaries," each time it appears in the
preamble and Sections 1, 4 and 5 of the Management Services Agreement is hereby
deleted and replaced with the phrase "the Subsidiaries."

         Section 2. Representations and Warranties. Each of the parties to this
Amendment hereby represents and warrants to the other that:

                    (a) the execution, delivery and performance by it of this
Amendment and the taking by it of all actions contemplated thereby are within
its corporate powers, have been duly authorized by all necessary corporate
action and do not contravene (i) its charter or by-laws or similar
organizational documents, or (ii) any law or any contractual restriction binding
on or affecting any such entity;

                    (b) no authorization, approval or other action by, and no
notice to or filing with, any governmental authority or regulatory body is
required (other than those which have been given or made) for the due execution,
delivery and performance by it of this Amendment or for the taking by it of any
action contemplated hereby to be taken by it; and

                    (c) this Amendment constitutes the legal, valid and binding
obligation of it enforceable against it in accordance with its terms, except as
such enforceability may be limited by (i) bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to the enforcement of
creditor's rights in general.

        Section 3. Miscellaneous.

                    (a) This Amendment and the rights and obligations of the
parties hereunder shall be governed by, and construed in accordance with, the
laws of the State of New Jersey.

                    (b) This Amendment may be executed in several counterparts,
each of which shall be an original and all of which shall constitute but one and
the same instrument.

                    (c) This Amendment is limited as specified and shall not
constitute a modification, acceptance or waiver of any provision of the
Management Services Agreement. Except as otherwise provided herein, all terms
and conditions of the Management Services Agreement and all rights and
obligations thereunder of the parties thereto shall remain in full force and
effect.

                    (d) This Amendment amends the terms of the Management
Services Agreement and shall be deemed to form a part of, and shall be construed
in connection with and as part of, the Management Services Agreement for any and
all purposes. Any reference to the Management Services Agreement, following the
execution and delivery of this Amendment, shall be deemed a reference to such
Management Services Agreement as hereby amended.

                  [Remainder of Page Intentionally Left Blank]

                                       4
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers thereunto duly authorized, as of the date
first above written.

                                      ADM TRONICS UNLIMITED, INC.

                                      By:          /s/ Andre' DiMino
                                             -----------------------------------
                                              Name:  Andre' DiMino
                                              Title:  President

                                      IVIVI TECHNOLOGIES, INC.

                                      By:         /s/ Andre' DiMino
                                            ------------------------------------
                                              Name:  Andre' DiMino
                                              Title:  Chairman & CFO

                                      SONOTRON MEDICAL SYSTEMS, INC.

                                      By:         /s/ Andre' DiMino
                                            ------------------------------------
                                              Name:  Andre' DiMino
                                              Title:  President

                                      PEGASUS LABORATORIES, INC.

                                      By:         /s/ Andre' DiMino
                                            ------------------------------------
                                              Name:  Andre' DiMino
                                              Title:  President

                                       5
<PAGE>

                                SECOND AMENDMENT
                                       TO
                          MANAGEMENT SERVICES AGREEMENT

This SECOND AMENDMENT TO MANAGEMENT SERVICES AGREEMENT (this "Amendment"), dated
August 28, 2006, is by and among ADM Tronics Unlimited, Inc., a Delaware
corporation ("ADM"), Sonotron Medical Systems, Inc., a Delaware corporation
("SMS"), Ivivi Technologies, Inc., a New Jersey corporation formerly known as AA
Northvale Medical Associates, Inc.("Ivivi"), and Pegasus Laboratories, Inc., a
New Jersey corporation ("PL"). Capitalized terms used but not otherwise defined
herein shall have the meanings given to such terms in the Management Services
Agreement (as defined below).

WHEREAS, ADM, SMS, Ivivi, PL, Vet-Sonotron Systems, Inc. ("VET"), Enviro-Pack
Development Corporation ("Enviro"), Precision Assembly Corporation ("PAC") and
Immuno-Therapy Corporation ("ITC") entered into a management services agreement
on August 15, 2001, as amended by the First Amendment to Management Services
Agreement, dated as of February 10, 2005 (as amended, supplemented or otherwise
modified from time to time, the "Management Services Agreement");

WHEREAS, in April 2003, the operations of VET, Enviro, PAC and ITC were
transferred from ADM to Ivivi; and in February 2005, ADM, SMS, Ivivi and PL
amended the Management Services Agreement to, among other things, set forth the
procedure by which the monthly dollar amount payable by each of SMS, Ivivi and
PL to ADM for its services thereunder is determined;

WHEREAS, since July 2004, Ivivi has hired several employees who currently
provide Ivivi with many of the services that ADM provides to the Subsidiaries
under the Management Services Agreement; and

WHEREAS, the Subsidiaries desire to amend the Management Services Agreement to,
among other things, provide that, as of the effective date (the "Effective
Date") of Ivivi's Registration Statement on Form SB-2 (Registration No. 122768)
initially filed with the Securities and Exchange Commission on February 11, 2005
(as amended from time to time, the "Registration Statement"), the services
provided by ADM to Ivivi under the Management Services Agreement (i) will be
limited to administrative, technical, engineering and regulatory services with
respect to Ivivi's products and the allocation of a portion of ADM leased space
in Northvale, New Jersey, and (ii) will cease to include any other services
provided by ADM to the Subsidiaries thereunder, including, without limitation,
marketing and sales services, clerical and communication services, services for
the maintenance of a checking account for the deposit of funds received and the
writing of checks, and services for the maintenance of accounting records.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and
agreements contained herein, the parties hereto hereby agree as follows:

         Section 4. Amendments to Management Services Agreement. As of the date
hereof, the Management Services Agreement is hereby amended as follows:

                    (a) Paragraph 1 of the Management Services Agreement is
hereby amended and restated in its entirety as follows:

                           "1. In accordance with and subject to the terms and
                           conditions set forth herein, ADM shall provide the
                           Subsidiaries with the following services
                           (collectively, the "Services"): managerial and
                           administrative services, technical, engineering and
                           regulatory services, marketing and sales services,
                           clerical and communication services, the maintenance
                           of checking accounts for the deposit of funds
                           received and the writing of checks, the maintenance
                           of accounting records and other services in the
                           normal course of business; provided, however, that
                           from and after the Effective Date, such services with
                           respect to Ivivi shall be limited to administrative,
                           technical, engineering and regulatory services with
                           respect to Ivivi's products and shall cease to
                           include any and all other services, including,
                           without limitation, managerial services, marketing
                           and sales services, clerical and communication
                           services; the maintenance of checking accounts for
                           the deposit of funds received and the writing of
                           checks, the maintenance of accounting records and
                           other services in the normal course of business."

                                       6
<PAGE>

         Section 5. Representations and Warranties. Each of the parties to this
Amendment hereby represents and warrants to the other that:

                    (a) the execution, delivery and performance by it of this
Amendment and the taking by it of all actions contemplated thereby are within
its corporate powers, have been duly authorized by all necessary corporate
action and do not contravene (i) its charter or by-laws or similar
organizational documents, or (ii) any law or any contractual restriction binding
on or affecting any such entity;

                    (b) no authorization, approval or other action by, and no
notice to or filing with, any governmental authority or regulatory body is
required (other than those which have been given or made) for the due execution,
delivery and performance by it of this Amendment or for the taking by it of any
action contemplated hereby to be taken by it; and

                    (c) this Amendment constitutes the legal, valid and binding
obligation of it enforceable against it in accordance with its terms, except as
such enforceability may be limited by (i) bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to the enforcement of
creditor's rights in general.

         Section 6. Miscellaneous.

                    (a) This Amendment and the rights and obligations of the
parties hereunder shall be governed by, and construed in accordance with, the
laws of the State of New Jersey.

                    (b) This Amendment may be executed in several counterparts,
each of which shall be an original and all of which shall constitute but one and
the same instrument.

                    (c) This Amendment is limited as specified and shall not
constitute a modification, acceptance or waiver of any provision of the
Management Services Agreement. Except as otherwise provided herein, all terms
and conditions of the Management Services Agreement and all rights and
obligations thereunder of the parties thereto shall remain in full force and
effect.

                    (d) This Amendment amends the terms of the Management
Services Agreement and shall be deemed to form a part of, and shall be construed
in connection with and as part of, the Management Services Agreement for any and
all purposes. Any reference to the Management Services Agreement, following the
execution and delivery of this Amendment, shall be deemed a reference to such
Management Services Agreement as hereby amended.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

                                       7
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers thereunto duly authorized, as of the date
first above written.

                                              ADM TRONICS UNLIMITED, INC.

                                              By: /s/ Andre' DiMino
                                                 ------------------------
                                                 Name:  Andre' DiMino
                                                 Title: President

                                              IVIVI TECHNOLOGIES, INC.

                                              By: /s/ David Saloff
                                                 ------------------------
                                                  Name:  David Saloff
                                                  Title: President

                                              SONOTRON MEDICAL SYSTEMS, INC.

                                              By: /s/ Andre' DiMino
                                                 ------------------------
                                                  Name:  Andre' DiMino
                                                  Title: President

                                              PEGASUS LABORATORIES, INC.

                                              By:  /s/ Andre' DiMino
                                                 ------------------------
                                                   Name:  Andre' DiMino
                                                   Title: President

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