Document:

EXHIBIT 10.1

          Escrow Instructions to Stewart Title & Trust of Phoenix, Inc.
                  244 West Osborn Road, Phoenix, Arizona 85013
                          (602) 248-8444 Fax: 230-7641

Escrow  Number:  02111246
Date:  May  09,  2002
Escrow  Officer:  Lynne  Russell

Ableauctions.com  (Washington)  Inc.,  a  Washington  Corporation  HEREIN CALLED
SELLER  whose  address  is  1963  Lougheed Highway, Coquitlam, BC V3K3T8, Canada
PHONE  604-805-4580

Elliot  Glasser,  an  unmarried  man  and /or Assignee HEREIN CALLED BUYER whose
address  is  7117  E.  Third  Ave,  Scottsdale,  Az  05251
PHONE  480-945-0700

Hereby  employ  Stewart Title & Trust of Phoenix, Inc. to act as Escrow Agent in
connection  with  the  sale  of  the  following  described  property situated in
MARICOPA County, Arizona, by Seller to Buyer upon the following conditions which
shall  be complied with by said parties on SEE ADDENDUM or as soon thereafter as
possible  unless  a  demand  for  cancellation  has been made on Escrow Agent as
herein  provided.

SEE  ATTACHED  EXHIBIT  FOR  LEGAL  DESCRIPTION

Tax  Assessor's  Parcel  Number:  130-18-002b
Seller  represents property address to be: 7303 E. Earll Dr, Scottsdale AZ 85251
Purchase  Price  to  be  paid  by  Buyer:  $1,700,000
Represented  by  TOTAL  EARNEST  MONEY                                  $10,000

The  BALANCE  OF  CASH  payment  to  be  deposited  in  the  form
Of  Cashier's  Check  or  Wired  Funds,  AT  CLOSE  OF  ESCROW          $390,000

ENCUMBRANCE  OF  RECORD,  due BUYER TO ASSUME WITHOUT NOVATION (SEE ADDENDUM FOR
ADDITIONAL  TERMS)  $1,000,000  With  an approximate remaining unpaid Balance of
$1,000,000  Seller  pays Installments due PRIOR TO CLOSE. Buyer pays installment
due  SUBSEQUENT  TO  CLOSE  And all subsequent. Reserve Funds, if any, shall be:
CREDIT  SELLER/DEBIT  BUYER,  if  any.

OTHER:  ADDITIONAL  FUNDS  BY  SALE  OF  JEWELRY  INVENTORY
(SEE  ADDENDUM  PARAGRAPH  3.C))                                        $300,000

Balance  evidenced  by                                                        $0

<PAGE>
The proceeds and all future payments under the deferred balance, if  any, are to
be  payable  to:  SELLER  AS  TITLE  IS  HELD
Upon recording of instruments, TITLE INSURANCE POLICY is to insure: BUYER HEREIN

                         ADDENDUM TO ESCROW INSTRUCTIONS
                        STWEART TITLE ESCROW NO. 02111246

1.  Agreement  to  Buy  and  to  Sell.  The  filled-in  printed  form  escrow
instructions  ("Printed Form") to which this Addendum is attached, together with
this Addendum, constitute a binding contract (the "Agreement") between Buyer and
Seller  for  the purchase and sale of the real property described on Exhibit "A"
(the  "Property"),  such  legal  description  to  be  confirmed  upon receipt of
Commitment  for Title Insurance.  This Agreement supersedes all prior agreements
or  understandings  between  the  parties  in  reference  to  the  transaction
contemplated hereby, constitutes a complete integration of the agreement between
the parties and may only be amended by an instrument in writing duly executed by
both  parties.  In  the  event  of any conflict between the Printed Form and the
terms  of  this  Addendum,  the  terms  of  this  Addendum  shall  prevail.

2.     Establishment  of  Escrow.  Escrow  is  to be established within 72 hours
after  Seller's  receipt  and  execution  of  this  Agreement.  Said escrow (the
"Escrow")  shall  be  established  at  Stewart  Title  & Trust of Phoenix, Inc.,
Phoenix,  Arizona,  Attn:  Lynne  Russell  ("  Escrow  Agent")  to  facilitate
consummation  of  the  purchase  and sale of the Property in accordance with the
terms  and  conditions of this Agreement.  The cost of the Escrow shall be split
equally between Buyer and Seller.  The opening of such escrow shall be deemed to
have  occurred upon the date of deposit of this Agreement executed by Seller and
Buyer  with  Escrow Agent together with Buyer's initial earnest money deposit as
described  herein  which  shall be no later than 72 hours after Seller's receipt
and  execution  of  this  Agreement  (the  "Opening  of  Escrow").

3.     Purchase  Price:  The  purchase price for the Property (subject to change
per  Paragraph  3.D)  below) shall be One Million Seven Hundred Thousand Dollars
($1,700,000),  (the  "Purchase  Price"),  payable  as  follows:

A)   Earnest  Money  Deposit.  Upon  signing  Buyer  will deliver the sum of Ten
     Thousand  Dollars  ($10,000.00)  to  Escrow  Agent.

B)   Funds  due  at  Close  of  Escrow.  Buyer shall deposit the balance of down
     payment  on  the  Purchase  Price  in  the  amount  of Three Hundred Ninety
     Thousand  dollars  ($390,000) in cash or Cashier's Check, with Escrow Agent
     on  or  before  the  close  of  escrow.

C)   Additional  funds  by  sale  of  Jewelry  Inventory. Buyer shall deliver to
     Seller,  free of any liens or encumbrances, $300,000 of jewelry and artwork
     ("Inventory")  at  Buyer's cost, at Close of Escrow. Said delivery shall be
     direct  between  Buyer  and  Seller  for  which Stewart Title shall have no
     liability,  responsibility,  or  concern.

The  Inventory  represents  additional  funds  ("Additional  Funds")  payable to
Seller.  The  Additional  Funds  will  be  secured by a second Deed of Trust (as
defined  in  Paragraph  3.C)  (ii)  below).
<PAGE>

          (i)  Buyer  agrees  that  Seller  will  select  the  Inventory that is
     satisfactory  to Seller, at Seller's discretion, as well as freely exchange
     the Inventory based upon comparable cost (i.e. each piece will have its own
     cost)  for  a  period of up to nine (9) months from Close of Escrow. Seller
     shall rely on its own investigation as to the value of the Inventory. Buyer
     and Seller will designate the Inventory within the 45 day Inspection Period
     (as  defined  in paragraph 5 below). Stewart Title's only responsibility in
     connection herewith is to credit Buyer $300,000.00, as additional funds due
     to Seller from Buyer, which shall be secured by second Deed of Trust as set
     forth  in  paragraph  3.C)  (ii)  below;  and

          (ii) Seller shall have nine (9) months from Close of Escrow to sell or
     exchange  the  Inventory  based  upon comparable cost (i.e. each piece will
     have  its  own  cost)  at Seller's discretion. In the event Seller does not
     sell  the  entire Inventory by the end of the nine-month period, Seller may
     require  Buyer  to  repurchase the unsold jewelry at 87.5% of Buyer's cost.
     Buyer's  obligation  to  repurchase  the  remaining  Inventory for 87.5% of
     Buyer's  actual  cost shall be secured by the second Deed of Trust ("Second
     Obligation").  For example, Seller sells one-third of the Inventory. Seller
     received  $150,000.00  from  the  sale of the Inventory. Seller returns the
     remaining  $150,000.00  of Inventory to Buyer. Buyer shall pay Seller 87.5%
     of  the  $150,000.00  for  the  remaining  Inventory  ($131,250.00).

     D)     Assumption.  Buyer  shall assume and agrees to pay the existing loan
without  novation  of the Seller.  The current loan balance is approximately One
Million  dollars  ($1,000,000).  Seller  shall  provide Buyer with a copy of the
existing  Note  and  Deed of Trust within 10 days from Opening of Escrow.  Buyer
shall  determine  during  the  Inspection  Period  if  the terms of the loan are
acceptable.  If  the  loan  balance  is any higher or lower than $1,000,000, the
difference  will  reflect  in  the  Purchase  Price.

4.     Close  of  escrow.  Consummation  of  the  purchase  of  the  Property
contemplated hereby (the "closed of Escrow" or "Closing") shall take place on or
before  10  days  after  the  expiration  of  the  Inspection  Period.

5.     Inspection  period.  Buyer  shall  have 45 days from Opening of Escrow to
make  any  and  all  inspections  of  the property, including but not limited to
review  of  the Phase I and Phase II environmental reports (if any), approval of
architectural  report,  approval  of title commitment, and any other studies the
Buyer  deems  necessary.  Buyer  shall  give  Escrow  Agent  written  notice  of
disapproval  or  approval of the Property, at Buyer's sole discretion.  If Buyer
gives  written  notice of disapproval or if no notice of approval is given prior
to  expiration  of the Inspection Period, this escrow shall be cancelled and the
earnest  money  returned  to  Buyer with no additional cancellation instructions
required.  In  the  event  Buyer deems that he needs additional time to complete
his  inspections,  Buyer  shall  have  the  right  to a 30 days extension of the
Inspection  Period.  In  the  event  Buyer  elects to take this extension, Buyer
shall  give  Escrow  Agent  written  notice  on  or before the expiration of the
Inspection  Period and shall authorize disbursement of the Earnest Money Deposit
to  Seller  which  Earnest  Money Deposit shall be credited against the Purchase
Price, but in no event returned by seller in the event that this escrow does not
close  for  any  reason.

6.     Safes.  Both  safes  on  the  Property shall remain with the Property and
Seller  shall  provide  Buyer  with the combinations for said safes on or before
Close  of  Escrow.
<PAGE>

7.     Operating  Systems/Components.  All  electrical,  heating  and  air
conditioning systems shall be in good working condition at close of Escrow.  All
electrical,  mechanical, heating and air conditioning components and any ceiling
and/or  roof  tiles shall remain with the property.  Buyer accepts all Operating
Systems/  components  where  is  and  with  no  warranties.

8.     Phase  II  Report.  Seller  shall  provide  Buyer  with  a  Phase  II
Environmental  Report  within  the  Inspection  Period,  if  available.

9.     Utility  Bills.  During the Inspection Period, Seller shall provide Buyer
with  copies  of all utility bills, including, but not limited to, water, sewer,
electric, gas, trash, for the 6 month period immediately preceding expiration of
the  Inspection  period.  Further,  at  or  before close of Escrow, Seller shall
provide  Buyer  with  such  utility  bills  for  the  6 month period immediately
preceding  Close  of  Escrow.

10.     Gross  Reported  Sales  Report.  Prior  to  expiration of the Inspection
Period,  Seller shall provide Buyer with a report of the gross reported sales of
Seller  covering  the  time  period of Seller's operation at the Property.  This
maybe accomplished by providing Buyer with copies of Seller's U. S. tax returns.

11.     Certificate  of  Occupancy.  Seller  to provide Buyer with a copy of the
Certificate  of  Occupancy  during  the  Inspection  period,  if  any.

12.     1031/1033  Exchange.  Seller's  agrees  to  cooperate  with  Buyer  in
facilitating  Buyer's  1031/1033  Exchange,  if any; provided, however, any such
exchange  shall  not  extend  the  Close  of  Escrow  as  defined  hereinabove.

13.     Attorneys  Fees.  If  it becomes necessary for either Buyer or Seller to
employ  an  attorney  to  enforce  the  terms  and conditions of this Agreement,
whether  or  not suit be instituted, the defaulting party shall be liable to the
other  party  for costs, expenses, and reasonable attorneys' fees, and all other
costs  of  enforcement  hereof.

14.     Miscellaneous.  This  Agreement  shall  be binding upon and inure to the
benefit  of  the  parties  to  this  Agreement  and  their  respective  legal
representatives,  successors  and  assigns.  This Agreement shall be governed by
and  construed  in  accordance  with  the  laws  of  the  State of Arizona.  Any
litigation  related  hereto  shall  have  Maricopa County, Arizona as its proper
venue.  In  the  event  the  time  for  performance  of any obligation hereunder
expires  on  a Saturday, Sunday or legal holiday, the time for performance shall
be  extended  to the next day which is not a Saturday, Sunday, or legal holiday.
Time  is  the  essence in the performance of the obligations of each party.  The
invalidity  or  unenforceability  of any provision hereof shall in no way affect
the  validity  or  enforceability  of  any  other  provision  hereof.

15.     Advice  of  Attorney.  Buyer  and Seller acknowledge that they have been
advised  to  seek  the counsel of their respective attorneys regarding the terms
and  conditions  of  this  Agreement.

16.     Counterparts and Facsimile signatures.  There Escrow Instructions may be
signed  in any number of counterparts by the parties herein, each of which shall
be  deemed  an  original when executed and all together shall constitute one and
the same document.  Facsimile signatures shall have the same force and effect as
original  signatures.

SELLER:                              BUYER:
<PAGE>

ABLEAUCTIONS.COM  (WASHINGTON),  INC
A  Washington  corporation

                                            _____________________________
                                            Elliott  Glasser          Date

By:___________________________________
                         Date

Its___________________________________EXHIBIT 4.2

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The  Securities  represented  by  this Convertible Note have not been registered
under  the  Securities  Act  of  1933,  as  amended ("Act"), or applicable state
securities  laws  ("State Acts") and shall not be sold, hypothecated, donated or
otherwise  transferred  unless  the  Borrower  shall have received an opinion of
Legal Counsel for the Borrower, or such other evidence as may be satisfactory to
Legal  Counsel  for the Borrower, to the effect that any such transfer shall not
require  registration  under  the  Act  and  the  State  Acts.
--------------------------------------------------------------------------------

                                 BEPARIKO BIOCOM

                         12.00% Secured Convertible Note

$1,500,000                                                                No:  1

                         Date of Issue: April, 25, 2002

     Bepariko  Biocom  (a  Nevada  corporation)  (hereinafter referred to as the
"Borrower")  is  indebted  and, for value received, herewith promises to pay to:

                             Gemini Growth Fund, LP

or to its order, (together with any assignee, jointly or severally, the "Holder"
or "Lender") on or before October 31, 2003 (the "Termination Date") (unless this
Convertible  Note  shall have been sooner called for redemption or presented for
conversion  as  herein  provided),  the sum of One Million Five Hundred Thousand
Dollars  ($1,500,000)  (the  "Principal  Amount")  and  to  pay  interest on the
Principal  Amount  at  the rate of twelve percent (12.00%) per annum as provided
herein.  In  furtherance  thereof,  and  in  consideration  of the premises, the
Borrower  covenants,  promises  and  agrees  as  follows:

     1. Interest: Interest on the Principal Amount outstanding from time to time
shall  accrue  at  the  rate of 12.00% per annum and be payable in cash via wire
transfer  in  monthly  installments  commencing  April  30,  2002 and subsequent
payments  shall  be  made  on  the  last  day of each month thereafter until the
Principal  Amount  and  all  accrued and unpaid interest shall have been paid in
full  unless  the Holder gives the Borrower written notification that it desires
for  a  particular  month's  interest  payment  to  be  paid  in  fully paid and
nonassessable  shares  of  common  stock, $0.001 par value, of the Borrower (the
"Common  Stock"),  based  on a stock price of $2.00 per share and such price per
share  shall  be  subject to adjustment at the times, and in accordance with the
provisions  as  set forth in section 4(a). Overdue principal and interest on the
Convertible Note shall, to the extent permitted by applicable law, bear interest
at  the  rate  of  18.00% per annum. All payments of both principal and interest
shall be made at the address of the Holder hereof as it appears in the books and
records  of  the  Borrower,  or  at such other place as may be designated by the
Holder  hereof  in  writing  to  Borrower.

     2.  Maturity:  If  not  sooner redeemed or converted, this Convertible Note
shall  mature  on  October  31,  2003  at  which  time all then remaining unpaid
principal,  interest  and  any  other  charges then due under the Loan Agreement
shall  be due and payable in full via wire transfer.

<PAGE>
     3.  Optional  Redemption:  (a) On any interest payment date and after prior
irrevocable  notice  as  provided for below, the outstanding principal amount of
this  Convertible Note is redeemable at the option of the Borrower, in whole but
not  in  part,  at  100%  of  par.

     (b) The Borrower may exercise its right to redeem prior to Termination Date
by  giving  notice  (the "Redemption Notice") thereof to the Holder as such name
appears  on  the  books of the Borrower, which notice shall specify the terms of
redemption  (including  the  place  at which the Holder may obtain payment), the
total  principal  amount to be redeemed (such principal amount herein called the
"Redemption  Amount") and the date for redemption (the "Redemption Date"), which
date shall not be less than 90 days nor more than 120 days after the date of the
Redemption  Notice.  On  the Redemption Date, the Borrower shall pay all accrued
unpaid interest on the Convertible Note up to and including the Redemption Date,
and  shall  pay to the Holder a dollar amount equal to the Redemption Amount. In
the  case of Convertible Notes called for redemption, the conversion rights will
expire  at  the  close  of  business  on  the  Redemption  Date.

     4.  Conversion  Right:  The  Holder of this Convertible Note shall have the
right,  at  Holder's  option,  at  any time, to convert all, or, in multiples of
$50,000,  any  part  of this Convertible Note into such number of fully paid and
nonassessable  shares of Common Stock as shall be provided herein. The holder of
this Convertible Note may exercise the conversion right by giving written notice
(the  "Conversion  Notice")  to  the  Borrower of the exercise of such right and
stating  the  name or names in which the stock certificate or stock certificates
for  the  shares  of Common Stock are to be issued and the address to which such
certificates  shall  be delivered. The Conversion Notice shall be accompanied by
the  Convertible  Note.  The  number  of  shares  of  Common Stock that shall be
issuable  upon conversion of the Convertible Note shall equal the face amount of
the  Convertible  Note  divided  by the Conversion Price as defined below and in
effect  on  the  date the Conversion Notice is given; provided, however, that in
the  event that this Convertible Note shall have been partially redeemed, shares
of  Common  Stock  shall be issued pro rata, rounded to the nearest whole share.
Conversion  shall  be  deemed  to  have been effected on the date the Conversion
Notice  is  received  (the  "Conversion  Date").  Within  10 business days after
receipt  of  the  Conversion  Notice,  Borrower  shall issue and deliver by hand
against  a  signed  receipt therefor or by United States registered mail, return
receipt  requested,  to the address designated in the Conversion Notice, a stock
certificate  or  stock  certificates  of the Borrower representing the number of
shares  of  Common  Stock  to  which  Holder  is entitled and a check or cash in
payment  of  all  interest  accrued  and  unpaid  on  the Convertible Note being
converted up to and including the Conversion Date. The conversion rights will be
governed  by  the  following  provisions:

     (a)  Conversion  Price:  On the issue date hereof and until such time as an
adjustment  shall occur, the Conversion price shall be $2.00 per share, provided
however,  that the Conversion Price shall be subject to adjustment at the times,
and  in  accordance  with  the  provisions,  as  follows:

     (i) Adjustment for Issuance of Shares at less than the Conversion Price: If
and  whenever  any  Additional  Common Stock (as herein defined) shares shall be
issued  by  the  Borrower (the "Stock Issue Date") for a consideration per share
less  than  the  Conversion Price, then in each such case the initial Conversion
Price  shall  be  reduced  to  a  new Conversion Price in an amount equal to the

                                                        Issuer's Initial _______

                                     Page 2
<PAGE>
consideration  per  share  received by the Borrower for the additional shares of
Common  Stock  then  issued  and  the  number  of shares issuable to Holder upon
conversion shall be proportionately increased; and, in the case of shares issued
without  consideration,  the initial Conversion Price shall be reduced in amount
and  the number of shares issued upon conversion shall be increased in an amount
so  as to maintain for the Holder the right to convert the Convertible Note into
shares  equal  in  amount to the same percentage interest in the Common Stock of
the  Borrower  as  existed  for the Holder immediately preceding the Stock Issue
Date.

     (ii) Sale of Shares: In case of the issuance of Additional Common Stock for
a  consideration  part  or  all  of  which shall be cash, the amount of the cash
consideration  therefor shall be deemed to be the amount of the cash received by
Borrower  for  such  shares,  after  any  compensation  or discount in the sale,
underwriting or purchase thereof by underwriters or dealers or others performing
similar  services  or for any expenses incurred in connection therewith. In case
of  the  issuance  of  any shares of Additional Common Stock for a consideration
part  or  all of which shall be other than cash, the amount of the consideration
therefor,  other  than cash, shall be deemed to be the then fair market value of
the  property  received  as determined by an investment banking firm selected by
Lender.

     (iii)  Reclassification  of  Shares:  In  case  of  the reclassification of
securities  into  shares  of  Common Stock, the shares of Common Stock issued in
such  reclassification  shall  be deemed to have been issued for a consideration
other  than cash. Shares of Additional Common Stock issued by way of dividend or
other distribution on any class of stock of the Borrower shall be deemed to have
been  issued  without  consideration.

     (iv)  Split  up  or  Combination  of Shares: In case issued and outstanding
shares  of Common Stock shall be subdivided or split up into a greater number of
shares  of  the  Common  Stock,  the  Conversion  Price shall be proportionately
decreased,  and  in  case issued and outstanding shares of Common Stock shall be
combined  into  a smaller number of shares of Common Stock, the Conversion Price
shall  be  proportionately increased, such increase or decrease, as the case may
be,  becoming effective at the time of record of the split-up or combination, as
the  case  may  be.

     (v) Exceptions: The term "Additional Common Stock" herein shall mean in the
most  broadest sense all shares of Common Stock hereafter issued by the Borrower
(including, but not limited to Common Stock held in the treasury of the Borrower
and  common  stock  purchasable via derivative security or option on the date of
such  grant  ),  except  Common  Stock issued upon the conversion of any of this
Convertible  Note  or  Warrant.

     (b)  Adjustment  for  Mergers,  Consolidations,  Etc.:

     (i)  In the event of distribution to all Common Stock holders of any stock,
indebtedness  of  the  Borrower  or  assets  (excluding  cash  dividends  or
distributions  from retained earnings) or other rights to purchase securities or
assets,  then,  after such event, the Convertible Notes will be convertible into
the  kind  and amount of securities, cash and other property which the holder of
the  Convertible  Notes  would have been entitled to receive if the holder owned
the  Common  Stock issuable upon conversion of the Convertible Notes immediately
prior  to  the  occurrence  of  such  event.

                                                        Issuer's Initial _______

                                     Page 3
<PAGE>

     (ii)  In  case of any capital reorganization, reclassification of the stock
of  the  Borrower  (other  than  a change in par value or as a result of a stock
dividend, subdivision, split up or combination of shares), this Convertible Note
shall  be  convertible  into  the  kind  and  number of shares of stock or other
securities  or  property  of the Borrower to which the holder of the Convertible
Note  would  have  been entitled to receive if the holder owned the Common Stock
issuable  upon  conversion  of  the  Convertible  Note  immediately prior to the
occurrence  of  such  event.  The  provisions  of these foregoing sentence shall
similarly  apply  to  successive  reorganizations,  reclassifications,
consolidations,  exchanges,  leases,  transfers  or  other dispositions or other
share  exchanges.

     (iii)  Notice of Adjustment. (A) In the event the Borrower shall propose to
take any action which shall result in an adjustment in the Conversion Price, the
Borrower  shall give notice to the holder of this Convertible Note, which notice
shall  specify the record date, if any, with respect to such action and the date
on  which  such action is to take place. Such notice shall be given on or before
the  earlier  of  10  days  before the record date or the date which such action
shall be taken. Such notice shall also set forth all facts (to the extent known)
material  to  the  effect of such action on the Conversion Price and the number,
kind  or  class  of  shares  or  other  securities  or  property  which shall be
deliverable  or  purchasable  upon  the occurrence of such action or deliverable
upon  conversion  of this Convertible Note. (B) Following completion of an event
wherein  the  Conversion  Price shall be adjusted, the Borrower shall furnish to
the holder of this Convertible Note a statement, signed by an authorized officer
of  the  Borrower  of  the  facts  creating  such  adjustment and specifying the
resultant  adjusted  Conversion  Price  then  in  effect.

     5. Reservation of Shares: Borrower warrants and agrees that it shall at all
times  reserve  and  keep  available,  free  from  preemptive rights, sufficient
authorized  and  unissued  shares  of  Common Stock to effect conversion of this
Convertible  Note.

     6.  Registration  Rights: The Holder has certain rights with respect to the
registration  of  shares  of  Common  Stock  issued  upon the conversion of this
Convertible  Note  pursuant  to the terms of the Loan Agreement. Borrower agrees
that  a  copy  of  the  Loan  Agreement  with  all  amendments,  additions  or
substitutions  therefor  shall  be available to the Holder at the offices of the
Borrower.

     7.  Taxes:  The  Borrower  shall pay any documentary or other transactional
taxes  attributable  to the issuance or delivery of this Convertible Note or the
shares  of  Common  Stock  issued  upon  conversion by the Holder (excluding any
federal,  state  or  local income taxes and any franchise taxes or taxes imposed
upon the Holder by the jurisdiction, or any political subdivision thereof, under
which  such  Holder  is  organized  or  is  qualified  to  do  business.)

8.     Default:

     (a)  Event of Default: An "Event of Default" shall exist if any one or more
of  the  following events (herein collectively called "Events of Default") shall
occur  and  be  continuing:

     (i)  Borrower shall fail to pay (or shall state in writing an intention not
to  pay or its inability to pay), not later than 10 days after the due date, any
installment  of  interest  on  or principal of, any Convertible Note or any fee,
expense  or  other  payment  required  hereunder;

                                                        Issuer's Initial _______

                                     Page 4
<PAGE>

     (ii)  Any  of  events  stated  in  Section  7  of  the  Loan  Agreement.

     (b)  Remedies  Upon  Event  of  Default:  If an Event of Default shall have
occurred  and  be  continuing,  then  Lender may exercise any one or more of the
following  rights  and  remedies,  and any other remedies provided in any of the
Loan  Documents,  as  Lender  in  its  sole  discretion,  may  deem necessary or
appropriate:

     (i)  declare the unpaid Principal Amount (after application of any payments
or installments received by Lender) of, and all interest then accrued but unpaid
on,  the  Convertible  Notes and any other liabilities hereunder to be forthwith
due  and  payable,  whereupon  the  same  shall forthwith become due and payable
without  presentment, demand, protest, notice of default, notice of acceleration
or of intention to accelerate or other notice of any kind, all of which Borrower
hereby  expressly  waives.

     (ii)  reduce  any claim to judgment, and/or (iii) without notice of default
or demand, pursue and enforce any of Lender's rights and remedies under the Loan
Documents,  or  otherwise  provided  under  or pursuant to any applicable law or
agreement,  all  of  which  rights  may  be  specifically  enforced.

     (c) Remedies Nonexclusive: Each right, power or remedy of the holder hereof
upon  the occurrence of any Event of Default as provided for in this Convertible
Note  or  now  or  hereafter existing at law or in equity or by statute shall be
cumulative  and  concurrent and shall be in addition to every other right, power
or  remedy provided for in this Convertible Note or now or hereafter existing at
law or in equity or by statute, and the exercise or beginning of the exercise by
the  holder  or  transferee  hereof of any one or more of such rights, powers or
remedies  shall not preclude the simultaneous or later exercise by the holder of
any  or  all  such  other  rights,  powers  or  remedies.

     (d)  Expenses:  Upon  the  occurrence  of a Default or an Event of Default,
which  occurrence  is  not  cured  within the notice provisions, if any provided
therefore,  Borrower  agrees  to  pay  and  shall  pay  all  costs  and expenses
(including  Lenders  attorney's fees and expenses) reasonably incurred by Lender
in connection with the preservation and enforcement of Lender's rights under the
Loan  Agreement,  the  Convertible  Notes,  or  any  other  Loan  Document.

     9.  Failure to Act and Waiver: No failure or delay by the holder hereof to
require  the performance of any term or terms of this Convertible Note or not to
exercise  any right, or any remedy shall constitute a waiver of any such term or
of  any  right  or  of any default, nor shall such delay or failure preclude the
holder  hereof from exercising any such right, power or remedy at any later time
or  times.  By  accepting payment after the due date of any amount payable under
this  Convertible Note, the holder hereof shall not be deemed to waive the right
either  to  require  payment  when due of all other amounts payable, or to later
declare  a  default for failure to effect such payment of any such other amount.
The failure of the holder of this Convertible Note to give notice of any failure
or  breach  of  the  Borrower under this Convertible Note shall not constitute a
waiver of any right or remedy in respect of such continuing failure or breach or
any  subsequent  failure  or  breach.

                                                        Issuer's Initial _______

                                     Page 5
<PAGE>

     10.  Consent  to Jurisdiction: The Borrower hereby agrees and consents that
any  action,  suit  or  proceeding  arising  out of this Convertible Note may be
brought  in  any  appropriate  court  in the State of Texas including the United
States  District Court for the Northern District of Texas, or in any other court
having  jurisdiction  over  the  subject matter, all at the sole election of the
holder  hereof,  and  by the issuance and execution of this Convertible Note the
Borrower  irrevocably  consents  to  the  jurisdiction  of  each  such  court.

     11.  Holders Right to Request Multiple Convertible Notes: The Holder shall,
upon  written  request and presentation of the Convertible Note, have the right,
at  any interest payment date, to request division of this Convertible Note into
two  or  more  units,  each of such to be in such amounts as shall be requested;
provided  however  that no Convertible Notes shall be issued in denominations of
face  amount  less  than  $50,000.00.

     12.  Transfer: This Convertible Note may be transferred on the books of the
Borrower  by  the  registered  Holder  hereof,  or  by  Holder's  attorney  duly
authorized in writing, only upon (i) delivery to the Borrower of a duly executed
assignment of the Convertible Note, or part thereof, to the proposed new Holder,
along  with  a  current  notation  of  the  amount  of payments received and net
Principal  Amount  yet unfunded, and presentment of such Convertible Note to the
Borrower  for  issue of a replacement Convertible Note, or Convertible Notes, in
the  name  of  the  new  Holder,  (ii)  the designation by the new Holder of the
Lender's  agent  for  notice,  such  agent to be the sole party to whom Borrower
shall  be required to provide notice when notice to Lender is required hereunder
and  who  shall  be  the  sole party authorized to represent Lender in regard to
modification or waivers under the Convertible Note, the Loan Agreement, or other
Loan  Documents;  and any action, consent or waiver, (other than a compromise of
principal and interest), when given or taken by Lender's agent for notice, shall
be  deemed  to  be  the  action  of  the  holders of a majority in amount of the
Principal  Amount  of the Convertible Notes, as such holders are recorded on the
books  of  the  Borrower,  and  (iii) in compliance with the legend to read "The
Securities  represented  by this Convertible Note have not been registered under
the  Securities  Act of 1933, as amended ("Act"), or applicable state securities
laws  ("State  Acts")  and shall not be sold, hypothecated, donated or otherwise
transferred  unless the Borrower shall have received an opinion of Legal Counsel
for the Borrower, or such other evidence as may be satisfactory to Legal Counsel
for  the  Borrower,  to  the  effect  that  any  such transfer shall not require
registration  under  the  Act  and  the  State  Acts."

The  Borrower shall be entitled to treat any holder of record of the Convertible
Note  as the Holder in fact thereof and of the Convertible Note and shall not be
bound  to  recognize  any  equitable  or  other  claim  to  or  interest in this
Convertible  Note  in the name of any other person, whether or not it shall have
express  or  other  notice  thereof,  save  as expressly provided by the laws of
Texas.

     13.  Notices:  All  notices  and communications under this Convertible Note
shall  be  in  writing  and  shall be either delivered in person or by overnight
delivery  and  accompanied  by  a signed receipt therefor; or mailed first-class
United  States  certified  mail,  return receipt requested, postage prepaid, and
addressed as follows: (i) if to the Borrower at its address for notice as stated
in  the  Loan Agreement; and, (ii) if to the holder of this Convertible Note, to
the  address  (a)  of such holder as it appears on the books of the Borrower, or
(b)  in the case of a partial assignment to one or more holders, to the Lender's
agent  for  notice,  as  the  case  may be. Any notice of communication shall be

                                                        Issuer's Initial _______

                                     Page 6
<PAGE>
deemed  given  and  received as of the date of such delivery if delivered; or if
mailed,  then  three  days  after  the  date  of  mailing.

     14.  Maximum  Interest  Rate: Regardless of any provision contained in this
Convertible Note, Lender shall never be entitled to receive, collect or apply as
interest  on the Convertible Note any amount in excess of interest calculated at
the  Maximum  Rate,  and,  in  the  event that Lender ever receives, collects or
applies  as  interest  any  such  excess,  the  amount  which would be excessive
interest  shall  be  deemed  to be a partial prepayment of principal and treated
hereunder  as such; and, if the principal amount of the Convertible Note is paid
in  full,  any  remaining  excess  shall  forthwith  be  paid  to  Borrower.  In
determining  whether  or  not  the  interest  paid or payable under any specific
contingency exceeds interest calculated at the Maximum Rate, Borrower and Lender
shall,  to  the  maximum extent permitted under applicable law, (i) characterize
any non principal payment as an expense, fee or premium rather than as interest;
(ii)  exclude voluntary prepayments and the effects thereof, and (iii) amortize,
pro  rate,  allocate  and  spread,  in equal parts, the total amount of interest
throughout  the entire contemplated term of the Convertible Note; provided that,
if  the  Convertible  Note is paid and performed in full prior to the end of the
full  contemplated  term  thereof,  and  if the interest received for the actual
period  of  existence  thereof  exceeds interest calculated at the Maximum Rate,
Lender  shall  refund to Borrower the amount of such excess or credit the amount
of such excess against the principal amount of the Convertible Note and, in such
event,  Lender  shall  not  be subject to any penalties provided by any laws for
contracting  for, charging, taking, reserving or receiving interest in excess of
interest  calculated  at  the  Maximum  Rate.

     "Maximum  Rate" shall mean, on any day, the less of (i) 18% or (ii) highest
nonusurious  rate  of  interest (if any) permitted by applicable law on such day
that  at any time, or from time to time, may be contracted for, taken, reserved,
charged  or received on the Indebtedness evidenced by the Convertible Note under
the  laws  which are presently in effect of the United States of America and the
State  of  Texas  or  by  the laws of any other jurisdiction which are or may be
applicable  to  the holders of the Convertible Note and such Indebtedness or, to
the  extent permitted by law, under such applicable laws of the United States of
America  and  the  State of Texas or by the laws of any other jurisdiction which
are  or  may  be  applicable to the holder of the Convertible Note and which may
hereafter  be  in  effect  and which allow a higher maximum nonusurious interest
rate  than  applicable  laws  now  allow.

     15.  Rights  under Loan Agreement: This Convertible Note is issued pursuant
to  that  certain  Loan Agreement dated April 25, 2002 by and between the Lender
and  Borrower  (the  "Loan Agreement"), and the holder hereof is entitled to all
the  rights  and benefits, and is subject to all the obligations of Lender under
said  agreement.  Both Borrower and Lenders have participated in the negotiation
and  preparation  of  the  Loan Agreement and of this Convertible Note. Borrower
agrees  that  a  copy  of  the Loan Agreement with all amendments, additions and
substitutions  therefore  shall be available to the Holder at the offices of the
Borrower.  This  Convertible  Note  is  secured pursuant to a security agreement
dated  April  25,  2002

     16. Governing Law: This Convertible Note shall be governed by and construed
and  enforced  in  accordance  with  the  laws  of the State of Texas, or, where
applicable,  the  laws  of  the  United  States.  There  are  no  unwritten oral
agreements  between  the  parties.

                                                        Issuer's Initial _______

                                     Page 7
<PAGE>
                            [Signature page follows]

                                                        Issuer's Initial _______

                                     Page 8
<PAGE>
     IN  WITNESS  WHEREOF,  the undersigned Borrower has caused this Convertible
Note  to  be  duly  issued  and  executed  on the Date of Issue as stated above.

Address for Notice:                         BEPARIKO  BIOCOM

One  Belmont  Ave     Witness:
GSB  Building,  Suite  417                  By:_____________________________
Bala  Cynwyd,  PA  19004                        Cecile  T.  Coady
Attn:  Cecile  T.  Coady                        Sole  Officer  and  Director
Ph.  610  660  5906
Fax.  610  660  5905                        Witness:

                                            ________________________________
                                            Name:

                                     Page 9
                                                        Issuer's Initial _______

<PAGE>

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