Document:

<PAGE>

                                                                   EXHIBIT 10.20

                    AMENDMENT NO. 1 TO VOTING TRUST AGREEMENT

         THIS Amendment No. 1 (this "Amendment"), dated _____________, 2002 to
the VOTING TRUST AGREEMENT (the "Agreement") made the 17th day of December 1999,
by and among Allied Healthcare Group Limited (formerly known as Transworld
Holdings (UK) Limited), a company incorporated in England and Wales with
registered number 3370146 ("UK Parent"), Transworld Healthcare (UK) Limited, a
company incorporated in England and Wales with registered number 3370146 ("TW
UK"), Transworld Healthcare, Inc., a New York corporation ("US Parent"), Triumph
Partners III, L.P., a Delaware limited partnership ("Triumph"), and Richard
Green (hereinafter sometimes referred to, together with his successor in trust,
as the "Trustee"). UK Parent and US Parent are hereinafter referred to
collectively as the "Initial Shareholders." US Parent, UK Parent and TW UK are
hereinafter referred to collectively as the "Corporate Group."

                               W I T N E S S E T H

         WHEREAS, on December 17, 1999, the parties entered into the Agreement
to provide a mechanism for exercising the voting rights attributable to the
outstanding ordinary shares of TW UK and UK Parent owned by the Initial
Shareholders so as to give effect to the commercial understanding between the
Purchasers (as defined in that certain Securities Purchase Agreement (the
"Purchase Agreement"), dated as of December 17, 1999, as amended, among UK
Parent, TW UK, the Purchasers and US Parent), on the one hand, and the Initial
Shareholders, on the other hand, with respect to the exercise of control over
the business and policies of TW UK and UK Parent and other matters of corporate
governance as between majority and minority shareholders;

         WHEREAS, as of the date hereof, the US Parent has approved the
reorganization of the Corporate Group, pursuant to which TW UK shall become a
wholly-owned subsidiary of UK Parent, which is and shall remain a wholly-owned
subsidiary of US Parent (the "Reorganization") in accordance with that certain
Master Reorganization Agreement, dated as of April 24, 2002 by an among the
Corporate Group and the Investors named therein (the "Reorganization
Agreement"); and

         WHEREAS, in connection with the Reorganization, Triumph shall acquire
shares of US Parent Preferred Stock and it is the intention of the parties that
for so long as such Preferred Stock (or any US Parent Common Stock issuable upon
conversion thereof) remains outstanding, Triumph is to be afforded certain
amended voting rights as fully described herein.

         NOW, THEREFORE, in consideration of the mutual covenants herein
contained and for other good, valuable and sufficient consideration, the receipt
of which is hereby acknowledged, the parties hereto promise, covenant, undertake
and agree as follows:

         1. Definitions. Capitalized terms used in the Agreement and not
otherwise defined shall have the meanings ascribed thereto in the Certificate of
Amendment to the Certificate of Designations of Series A Convertible Preferred
Stock of the US Parent (the "Preferred Stock Certificate"), rather than the
Purchase Agreement.

<PAGE>

         2. Transfer of Securities. Effective hereby, the following shall be
substituted in its entirety for clause (iii) of the second paragraph of Section
3 of the Agreement: Intentionally Omitted.

         3. Withdrawal of Shares from Voting Trust.

              (a) Effective hereby, the following shall be substituted in its
entirety for paragraph (a) of Section 4 of the Agreement:

              "at any time after the fifteenth anniversary of the date hereof,
         provided that all obligations of US Parent, UK Parent and TW UK arising
         from (i) a conversion of the Series A Preferred Stock, (ii) the
         exercise of the Holders' Redemption with respect to the Series A
         Preferred Stock, (iii) the Mirror Preferred Stock, (iv) the Mirror
         Notes or (v) the Mirror PIK Notes, shall have been duly and fully
         satisfied."

              (b) Effective hereby, the following shall be substituted in its
entirety for paragraph (b) of Section 4 of the Agreement: Intentionally Omitted.

         4. Rights, Powers and Duties of the Trustee; Obligations of Initial
Shareholders. Effective hereby, the following shall be substituted in its
entirety for paragraph (f) of Section 5 of the Agreement:

              "Subject to the requirements of Applicable Law, each of the
         Initial Shareholders shall instruct the Trustee to vote their Shares
         (whether at a general or extraordinary meeting of shareholders or by
         consent in lieu of a meeting of shareholders) and where appropriate to
         give effect to such matters, shall convene any necessary shareholders
         meeting for the purpose of passing (and, unless pursuant to an amending
         resolution required for the purpose of authorizing and giving effect to
         the Holders' Redemption of Series A Preferred Stock pursuant to the
         Preferred Stock Certificate and Article VIII of the Purchase Agreement,
         not revoking) such resolutions as may be required by Applicable Law to
         approve or authorize any purchase of securities pursuant to Article
         VIII of the Purchase Agreement, including without limitation, any
         special resolutions required under Sections 165 and/or 171 of the
         Companies Act 1985."

         5. Voting by the Trustee.

              (a) Effective hereby, the following shall be substituted in its
entirety for paragraph (a)(iii) of Section 6 of the Agreement: Intentionally
Omitted.

              (b) Effective hereby, the following shall be substituted in its
entirety for the definition of "Put Breach" in paragraph (b) of Section 6 the
Agreement:

         "Put Breach" means, with respect to any of (i) a Holders' Redemption of
Series A Preferred Stock , (ii) a redemption or repayment of Mirror Preferred
Stock or (iii) a redemption or repayment of Mirror Notes and/or Mirror PIK Notes
(each a "Put"), the failure of US Parent,

                                        2
<PAGE>

UK Parent and/or TW UK to fulfill their respective obligations in all material
respects in the manner and at the time provided in the Preferred Stock
Certificate, the charter of UK Parent (including the terms of the Mirror
Preferred Stock) or the Purchase Agreement, provided that a failure by UK Parent
so to fulfill its obligations shall not be deemed to be a Put Breach unless TW
UK shall also have failed to fulfill its obligations on the corresponding Put.

              (c) Effective hereby, the following shall be substituted in its
entirety for clause (iv) of paragraph (c) of Section 6 of the Agreement:

              "(iv) Up to four additional persons who (except as provided below)
         are neither partners, directors, agents, Affiliates, officers or
         employees of any of US Parent, Triumph or their Affiliates, nor
         officers or employees of UK Parent or TW UK or any of its Subsidiaries
         (the "Independent Directors"), who will be nominated with the
         affirmative vote of a majority of the directors then in office
         following the nomination procedure set forth below; provided, however,
         that "independent" directors of US Parent who are neither officers or
         employees of US Parent, UK Parent or TW UK nor Affiliates of Hyperion
         Partners II, L.P., Hyperion TW Fund, L.P., Hyperion TWH Fund LLC,
         Hyperion TWH Fund II LLC or Triumph will be eligible to be nominated as
         Independent Directors pursuant to this Section 6(c);"

              (d) Effective hereby, the following shall be added as clause (v)
of paragraph (c) of Section 6 of the Agreement:

              "(v) the chief operating officer of TW UK (the "TW UK Director"
and, also a "Management Director"), provided that the initial TW UK Director
shall be Sarah Eames;

              (e) Effective hereby, the following shall be substituted in its
entirety for the second subparagraph of paragraph (c) of Section 6 of the
Agreement:

              "If at any time, (i) any of Triumph or the registered holders of
the Voting Trust Certificates shall notify the Trustee and the other parties
hereto of its desire to remove, with or without cause (as defined below), any
director of TW UK or UK Parent previously designated by it pursuant to this
Section 6(c), (ii) either Management Director ceases to be employed as the chief
executive officer or the chief operating officer, as the case may be, of TW UK,
or (iii) the directors (other than the director who is proposed to be removed)
then in office unanimously agree to request the removal of an Independent
Director, then the Trustee agrees to vote all of the Shares so as to remove such
director. If at any time, any of the Investor Director, the Parent Director or
the TW UK Director ceases to serve on the Board of Directors of TW UK or UK
Parent (whether by reason of death, resignation, removal or otherwise), the
party who designated such director shall be entitled to designate a successor
director to fill the vacancy created thereby on the terms and subject to the
conditions of this Section 6(c) and the Trustee shall vote all of the Shares so
as to elect any such director. If at any time an Independent Director ceases to
serve on the Board of Directors of TW UK or UK Parent (whether by reason of
death, resignation, removal or otherwise), a successor director shall be
designated and elected on the terms and subject to the conditions provided in
this Section 6(c)."

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<PAGE>

                    AMENDMENT NO. 1 TO VOTING TRUST AGREEMENT
                             COMPANY SIGNATURE PAGE

         IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to
Voting Trust Agreement as a deed as of the date first above written.

                                       COMPANIES:

                                       Signed as a deed for and on behalf of
                                       TRANSWORLD HEALTHCARE (UK) LIMITED

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                      S-1

<PAGE>

                    AMENDMENT NO. 1 TO VOTING TRUST AGREEMENT
                            UK PARENT SIGNATURE PAGE

         IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to
Voting Trust Agreement as a deed as of the date first above written.

                                       Signed as a deed for and on behalf of
                                       ALLIED HEALTHCARE GROUP LIMITED
                                       (formerly: TRANSWORLD HOLDINGS (UK)
                                       LIMITED) acting by its duly authorized
                                       attorney:

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                      S-2
<PAGE>

                    AMENDMENT NO. 1 TO VOTING TRUST AGREEMENT
                             TRUSTEE' SIGNATURE PAGE

         IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to
Voting Trust Agreement as a deed as of the date first above written.

                                       RICHARD GREEN

                                       -----------------------------------------
                                       Name:

                                       Address:
                                               ---------------------------------
                                       Telephone:
                                                 -------------------------------

                                       In the presence of:

                                       Name:
                                            ------------------------------------
                                       Address:
                                               ---------------------------------
                                       Occupation:
                                                  ------------------------------

                                       S-3
<PAGE>

                    AMENDMENT NO. 1 TO VOTING TRUST AGREEMENT
                             TRIUMPH SIGNATURE PAGE

         IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to
Voting Trust Agreement as a deed as of the date first above written.

                                       Signed as a deed for and on behalf of

                                       TRIUMPH PARTNERS III, L.P.

                                       By: Triumph III Advisors, L.P.,
                                              its general partner

                                       By: Triumph III Advisors, Inc.,
                                              its general partner

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                       Address:   Triumph Capital Group, Inc.
                                                  28 State Street, 37th Floor
                                                  Boston, MA 02109
                                                  Attn: Frederick S. Moseley, IV
                                       Telephone: (617) 557-6000

                                      S-4
<PAGE>

                    AMENDMENT NO. 1 TO VOTING TRUST AGREEMENT
                            US PARENT SIGNATURE PAGE

         IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to
Voting Trust Agreement as of the date first above written.

                                       Signed as a DEED by

                                       TRANSWORLD HEALTHCARE, INC.

                                       acting by its duly authorized attorney:

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                       By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                      S-5<PAGE>

                                                                 EXHIBIT 10.21

              TAX BONUS, TAX LOAN AND TAX INDEMNIFICATION AGREEMENT

         This TAX BONUS, TAX LOAN AND TAX INDEMNIFICATION AGREEMENT (the
"Agreement") is dated as of April 22, 2002 by and among Transworld Healthcare
(UK) Limited, a limited company incorporated in England and Wales (the
"Company"), Transworld Healthcare, Inc. a New York corporation ("TWUS") and
Timothy M. Aitken ("Employee").

                                    RECITALS

         WHEREAS, the Employee currently holds the number of redeemable shares
of 0.01 pence each in the capital of the Company (the "Redeemable Shares"), and
which are redeemable into ordinary shares of the Company of 5p each, set forth
on Schedule A hereto.

         WHEREAS, the Employee and the Company have entered into an Irrevocable
Undertaking regarding restrictions on exercising the Redeemable Shares until the
Company makes Employee an offer to purchase or redeem such Redeemable Shares.

         WHEREAS, the Employee desires to sell, and the Company desires to
purchase, all of Employee's Redeemable Shares to the Company at their nominal
value in accordance with Article 17 of the UK Charter.

         WHEREAS, the TWUS wishes (i) to pay Employee a cash bonus and (ii) to
make Employee a loan, and the Company wishes to indemnify Employee for certain
United States, New York State, and New York City (as applicable) income taxes,
in each case in connection with income taxes that become due as a result of the
Issuance (as defined below).

         WHEREAS, TWUS is issuing the number of shares of common stock, par
value $0.01 per share, of TWUS ("TWUS Common Stock") set forth on Schedule A
hereto to Employee as compensation simultaneous with the execution of this
Agreement (the "Issuance").

         WHEREAS, the parties hereto acknowledge that certain of the
indemnification obligations provided for in this Agreement are subject to the
approval of certain of the Company's existing lenders, as described in further
detail herein.

         NOW, THEREFORE, in consideration of the premises and of the respective
representations, warranties, covenants and agreements set forth herein, the
parties hereto hereby agree as follows:

         1. DEFINITIONS. As used in this Agreement, the following terms shall
have the following respective meanings:

         "Additional Loan Amount" has the meaning set forth in Section 6(a)
hereof.

         "AHG" means Allied Heathcare Group Limited.

         "Cash Bonus Amount" is the amount identified on Schedule A hereto.

<PAGE>

         "Closing" has the meaning set forth in Section 10 hereof.

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

         "Compensatory Issuance Income Amount" is the amount identified on
Schedule A hereto.

         "Corporate Group" means the Company, TWUS and AHG.

         "Excess Taxable Compensation Income" has the meaning set forth in
Section 6 hereto.

         "Final Determination" means a determination by an administrative agency
or judicial court with respect to which the time for appeal or further contest
has expired, or to which agreement or settlement with respect thereto has been
reached by Employee and such agency or court to an extent and in a manner
reasonably satisfactory to the Company.

         "Income Taxes" means income taxes imposed by the United States, New
York State, and, if applicable, New York City on Employee's Taxable Compensation
Income, together with the hospital insurance excise tax imposed by Code Section
3111(b).

         "Issuance" has the meaning set forth in the Recitals hereto.

         "Loan Amount" is the amount identified on Schedule A hereto.

         "Redeemable Shares" has the meaning set forth in the Recitals hereto.

         "Redeemable Share Amount" has the meaning set forth in Section 2
hereto.

         "Reportable Compensatory Issuance Income Amount" has the meaning set
forth in Section 5 hereto

         "Stock Purchase Agreement Closing" means the closing (including the
funding thereof) of the Stock Purchase Agreement by and among TWUS, Hyperion TWH
Fund II LLC, Triumph Partners III, L.P., and Triumph III Investors, L.P., dated
April 22, 2002 with respect to the purchase of an aggregate amount of $3,187,500
of TWUS Common Stock.

         "Taxable Compensation Income" means the aggregate amount of taxable
compensation income required to be included by Employee in Employee's gross
income for United States federal, New York State, and, if applicable, New York
City income tax purposes pursuant to Section 83(a) of the Code (and any
corresponding New York State and New York City income tax provisions) solely as
a result of Employee's receipt of TWUS Common Stock in the Issuance.

         "TWUS" has the meaning set forth in the Recitals hereto.

         "TWUS Common Stock" has the meaning set forth in the Recitals hereto.

         "UK Charter" means the articles of association of the Company.

                                       2
<PAGE>

         2. PURCHASE OF REDEEMABLE SHARES; RECEIPT OF CASH BONUS AND LOAN
AMOUNT. Subject to the terms and conditions of this Agreement, and in
particular, but not limited to, Section 6(b), and in reliance on the
representations, warranties and covenants set forth herein, the Company agrees
(subject to compliance with applicable laws) to purchase, and the Employee
agrees to sell, all of Employee's issued and outstanding Redeemable Shares at
their nominal value in accordance with Article 17 of the UK Charter.
Notwithstanding anything in the UK Charter or in any documentation governing the
Redeemable Shares to the contrary, the Employee shall sell [his/her] Redeemable
Shares by: (a) executing a stock transfer form duly transferring such Redeemable
Shares to the Company (b) surrendering the share certificates representing such
Redeemable Shares (or an indemnity for lost certificates in a form acceptable to
the Company) to the Company and (b) receiving from the Company (pound)413 (the
"Redeemable Share Amount"). Such sale shall occur when provided in Section
10(d).

         3. CASH PAYMENT BY COMPANY. At the Closing, TWUS will pay to Employee
cash in an amount equal to the sum of the Cash Bonus Amount plus the Loan
Amount. Employee shall execute and deliver to the TWUS a promissory note in the
form of Exhibit A attached hereto, in a principal amount equal to the Loan
Amount.

         4. PLEDGE AND SECURITY AGREEMENT. The Employee agrees to enter into a
pledge and security agreement in the form of Exhibit B, attached hereto (the
"Pledge Agreement"), pursuant to which the Employee will grant TWUS a security
interest in the Collateral (as defined in the Pledge Agreement) as specified
therein in order to secure the Employee's obligations under the promissory note
executed by the Employee pursuant to Section 3 of this Agreement.

         5. TAX TREATMENT; PREPARATION OF TAX RETURNS. All United States, state,
local and foreign tax returns filed after the date of this Agreement by any
member of the Corporate Group or Employee shall be prepared and filed on a basis
consistent with (i) the treatment of the receipt of the Cash Bonus Amount as
compensation income paid to Employee by TWUS, (ii) the treatment of the Issuance
as compensation income paid to Employee by TWUS in an amount equal to the (x)
product of the number of shares of TWUS Common Stock received in the Issuance
and (y) the average of the high and low trading prices of TWUS Common Stock as
reported on the American Stock Exchange on the date of issuance (the "Reportable
Compensatory Issuance Income Amount") for purposes of the Code and subject to
the provisions of Code Section 83, and (iii) the treatment of the Redeemable
Shares as non-qualified stock options. Without limiting the foregoing, Employee
shall include in Employee's United States federal, New York State, and, if
applicable, New York City gross income compensation income for 2002 an amount
equal to the Cash Bonus Amount plus the Reportable Compensatory Issuance Income
Amount. Each party covenants and agrees that it will not take or assert any
position on any tax return, report or otherwise which is inconsistent with the
positions stated in the preceding sentence; provided, however, that nothing
herein shall prevent or prohibit Employee or any member of the Corporate Group
from complying with applicable laws.

         6. INDEMNIFICATION FOR ADDITIONAL INCOME TAXES.

              (a) The parties agree that following a Final Determination that
         Employee must include Taxable Compensation Income in excess of the
         Compensatory Issuance Income Amount in gross income, (such excess
         amount, "Excess Taxable Compensation

                                       3
<PAGE>

         Income") the Company shall indemnify Employee for (i) 100% of any
         resulting increase in Income Taxes, (ii) interest, penalties and
         additions with respect to such increase, (iii) reasonable legal,
         accounting and similar fees and expenses incurred by Employee in
         connection with tax contests relating to any such increase in Income
         Taxes, and (iv) any United States, New York State, and, if applicable,
         New York City taxes payable by Employee as a result of payments
         pursuant to this Section 6; provided, however, that the Company shall
         forward to Employee any such amounts attributable to Excess Taxable
         Compensation Income due to the difference between the Compensatory
         Issuance Income Amount and the Reportable Compensatory Issuance Income
         Amount at least five days prior to the date Employee files the
         appropriate United States, New York State, and, if applicable, New York
         City tax returns, as contemplated in Section 5 in New York State, and
         if applicable New York City; and provided further, that the Company
         shall not be obligated to make any payments or loans under this Section
         6 in excess of $622,371 in the aggregate . Notwithstanding anything to
         the contrary contained in this Agreement, with respect to any amounts
         paid to Employee pursuant to this Section 6, an amount equal to 20% of
         the Excess Taxable Compensation Income shall be considered to be an
         additional Loan Amount, up to a maximum additional Loan Amount of
         $175,427 (the "Additional Loan Amount"). Accordingly, the Company shall
         not be required to forward to the Employee (or the relevant taxing
         authority) any such amounts unless and until the Employee has executed
         and delivered to the Company a promissory note in the form of Exhibit A
         in a principal amount equal to the Additional Loan Amount.

              (b) Notwithstanding anything to the contrary contained herein, the
         Company shall have no obligations or liabilities with respect to the
         purchase provisions of Section 2 and the indemnification provisions of
         Section 6(a) unless and until the Company has received the requisite
         consents pursuant to (i) that certain credit agreement originally dated
         December 17, 1999 made between, among others, Allied Healthcare Group
         Limited, certain of its subsidiaries as Borrowers and/or Guarantors and
         Barclays Bank PLC as agent and security agent, as amended, stated and
         restated from time to time, (ii) that certain credit agreement
         originally dated December 17, 1999 made between, among others, AHG,
         certain of its subsidiaries as Borrowers and/or Guarantors, BNP Paribas
         as agent and Barclays Bank PLC as security agent, as amended, stated
         and restated from time to time, and (iii) that certain intercreditor
         deed originally dated December 17, 1999 made between, among others, the
         parties to the agreements described in paragraphs (i) and (ii) above,
         as amended, stated and restated from time to time.

         7. INDEMNIFICATION BY EMPLOYEE; WITHHOLDING.

              (a) Employee shall indemnify and hold harmless each member of the
         Corporate Group to the extent that any such member is required by law
         to withhold any amount with respect to Employee's Taxable Compensation
         Income, Excess Taxable Compensation Income or any amount paid by the
         Company to Employee under this Agreement; provided that Employee's
         liability under this Section 7(a) shall not exceed the lesser of (i)
         the actual amount paid to Employee pursuant to Section 3 and Section 6
         hereof after subtracting any withholding by any member of the Corporate
         Group pursuant to Section 7(b) hereof, and (ii) the amount owed by
         Employee for Income Taxes after

                                       4
<PAGE>

         deducting the amounts thereof withheld by any member of the
         Corporate Group and the amount thereof actually paid by Employee.

              (b) The Company or any other member of the Corporate Group may
         withhold from any amount owed or to be paid to Employee under this
         Agreement any amount required by law to be withheld for taxes or
         otherwise, including, without limitation, as a result of the Issuance,
         or such greater amount as may be requested by Employee. Amounts
         withheld by the Company or any other member of the Corporate Group from
         any payment pursuant to Section 3 or Section 6 hereof shall be timely
         paid to the appropriate taxing authority, and such payments shall be
         treated as having been paid to Employee by the Company for purposes of
         this Agreement.

         8. COOPERATION AND EXCHANGE OF INFORMATION. Each party hereto agrees to
provide the other party hereto with such cooperation and information as such
other party shall reasonably request in connection with the preparation or
filing of any tax return or claim for tax refund not inconsistent with this
Agreement or in conducting any audit or other proceedings in respect of Income
Taxes or to carry out the provisions of this Agreement.

         9. REPRESENTATION BY EMPLOYEE. Employee hereby represents and warrants
that none of the transactions contemplated by this agreement will subject
Employee to any income tax in any jurisdiction other than the United States, New
York State, or New York City.

         10. THE CLOSING; DELIVERIES.

              (a) Upon the terms and subject to the conditions of this
         Agreement, the consummation of the transactions contemplated by this
         Agreement (the "Closing") shall take place at the offices of Brown
         Raysman Millstein Felder & Steiner LLP, 900 Third Avenue, New York, NY
         10022, on the date of the Stock Purchase Agreement Closing, unless
         another date and/or place is agreed in writing by each of the parties
         hereto.

              (b) At the Closing, TWUS shall deliver or cause to be delivered to
         the Employee (unless previously delivered), the following:

                   (i) a duly executed pledge and security agreement by and
              between TWUS and the Employee in the form attached hereto as
              Exhibit B; and

                   (ii) cash in the form of immediately available funds in an
              amount equal to the Cash Bonus Amount plus the Loan Amount.

              (c) Deliveries by the Employee. At the Closing, the Employee shall
         deliver to TWUS (unless previously delivered), the following:

                   (i) a duly executed promissory note from the Employee to TWUS
              in the form attached hereto as Exhibit A;

                   (ii) a pledge and security agreement by and between the
              Company and the Employee in the form attached hereto as Exhibit B
              that has been duly executed by the Employee and the affiliates of
              the Employee.

                                       5
<PAGE>

              (d) Notwithstanding the foregoing, but subject always to Section
         6(b), immediately following the receipt of necessary approval of the
         stockholders of the Company, the Employee and the Company shall
         complete the purchase and sale of the Redeemable Shares in accordance
         with Section 2. At such time, (i) the Company shall deliver or cause to
         be delivered to Employee cash in the form of immediately available
         funds in an amount equal to the Redeemable Share Amount, and (ii) the
         Employee shall deliver to the Company a duly executed stock transfer
         form transferring the Redeemable Shares to the Company, and the share
         certificates representing such Redeemable Shares (or an indemnity for
         lost certificates in a form acceptable to the Company).

         11. GENERAL PROVISIONS.

              (a) FURTHER ASSURANCES. Each party hereto shall cooperate
         reasonably with the other parties, and execute and deliver, or use its
         reasonable best efforts to cause to be executed and delivered, all
         instruments, including instruments of conveyance, assignment and
         transfer, and to make all filings with, and to obtain all consents,
         approvals or authorizations of, any governmental or regulatory
         authority or any other person under any permit, license, agreement,
         indenture or other instrument, and take all such other actions as such
         party may reasonably be requested to take by any other party hereto
         from time to time, consistent with the terms of this Agreement, in
         order to effectuate the provisions and purposes of this Agreement.

              (b) ENTIRE AGREEMENT. This Agreement, the promissory note
         delivered by the Employee at Closing, and the pledge and security
         agreement delivered at Closing shall constitute the entire agreement
         between the parties hereto with respect to the subject matter hereof,
         superseding all previous negotiations, commitments and writings with
         respect to such subject matter.

              (c) GOVERNING LAW. This Agreement shall be governed by, and
         construed in accordance with, the laws of the State of New York,
         regardless of the laws that might otherwise govern under applicable
         principles of conflicts of laws thereof.

              (d) NOTICES. All notices and other communications given or made
         pursuant hereto shall be in writing and shall be deemed to have been
         duly given or made as of the date delivered or sent if delivered
         personally or sent by telecopier or sent by prepaid overnight carrier
         to the parties at the following addresses (or at such other addresses
         as shall be specified by the parties by like notice):

                   (i)   if to the Company:

                         Transworld Healthcare (UK) Limited
                         Stone Business Park
                         Brooms Road
                         Stone
                         Staffordshire STI5 OTL
                         Fax:    01755 819 031

                                       6
<PAGE>

                   (ii)  if to TWUS:

                         Transworld Healthcare, Inc.
                         555 Madison Ave.
                         New York, NY  10022
                         Attn: Jack Wynne
                         Fax:  (212) 750-7221

                   (iii) if to Employee:

                         Transworld Healthcare (UK) Limited
                         Stone Business Park
                         Brooms Road
                         Stone
                         Staffordshire STI5 OTL
                         Fax:  01755 819 031

              (e) AMENDMENT AND MODIFICATION. This Agreement may be amended,
         modified or supplemented, and rights hereunder may be waived, only by a
         written agreement signed by the Employee and duly authorized officers
         of the Company and TWUS. No waiver of any term, provision or condition
         of or failure to exercise or delay in exercising any rights or remedies
         under this Agreement, in one or more instances, shall be deemed to be,
         or construed as, a further or continuing waiver of such term,
         provision, condition, right or remedy or as a waiver of any other term,
         provision or condition of, or right or remedy under, this Agreement.

              (f) COUNTERPARTS. For the convenience of the parties, this
         Agreement may be executed in any number of separate counterparts, each
         such counterpart being deemed to be an original instrument, and all
         such counterparts shall together constitute the same agreement.

              (g) EFFECT OF HEADINGS; CONSTRUCTION. The descriptive headings in
         this Agreement have been inserted for convenience only and shall not be
         deemed to limit or otherwise affect the construction of any provision
         thereof or hereof. The parties have participated jointly in the
         negotiation and drafting of this Agreement (including the promissory
         note and pledge and security agreement contemplated to be entered into
         at Closing) with counsel sophisticated in investment transactions. In
         the event an ambiguity or question of intent or interpretation arises,
         this Agreement and the agreements, documents and instruments executed
         and delivered in connection herewith shall be construed as if drafted
         jointly by the parties and no presumption or burden of proof shall
         arise favoring or disfavoring any party by virtue of the authorship of
         any provisions of this Agreement and the agreements, documents and
         instruments executed and delivered in connection herewith.

                                       7
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the date first set forth above individually or by their duly
authorized representatives.

                                            TRANSWORLD HEALTHCARE (UK) LIMITED

                                            By: /s/ Tim Aitken
                                                --------------------------------
                                            Name:  Timothy M. Aitken
                                            Title: Chairman/CEO

                                            TRANSWORLD HEALTHCARE, INC.

                                            By: /s/ Tim Aitken
                                                --------------------------------
                                            Name:  Timothy M. Aitken
                                            Title: Chairman/CEO:

                                            EMPLOYEE

                                            By: /s/ Tim Aitken
                                                --------------------------------
                                            Name: Timothy M. Aitken

                                       8
<PAGE>

                                   SCHEDULE A

<TABLE>
<CAPTION>
                                                   Aitken         Eames         Total
                                                   ------         -----         -----
<S>                                                <C>           <C>           <C>
A.   Redeemable Shares                             4,130,000     2,940,000     7,070,000
B.   TWUS Shares in Issuance                         684,258       487,099     1,171,357
C.   Compensatory Issuance Income Amount(1)       $2,737,032    $1,948,396    $4,685,428
D.   Estimated Total Tax Payable                  $1,439,233      $873,267    $2,312,500
E.   Loan Amount(2)                                 $550,000      $390,000      $940,000
F.   Estimated Gross Up Amount(3)                   $512,030      $362,970      $875,000
G.   Cash Bonus Amount(4)                         $1,401,263      $846,237    $2,247,500
H.   Total to be paid by Company at               $1,951,263    $1,236,237    $3,187,500
       Closing (Line "E" plus Line "G")
</TABLE>

---------
(1)   Based on assumed price of TWUS Common Stock of $4.00.
(2)   Negotiated Amount.
(3)   Calculated as sum of Line "G" plus Line "E" less Line "D".
(4)   Negotiated amounts.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}]]