Document:

Exhibit
      10.3

     

    REGISTRATION
      RIGHTS AGREEMENT

    

    This
      Registration Rights Agreement (this “Agreement”)
      is
      made and entered into effective as of this ___ day of May, 2007 (the
“Effective
      Date”)
      between Modigene Inc. (f/k/a
      LDG, Inc.), a Nevada corporation (the “Company”),
      and
      the parties set forth on the signature page and Exhibit
      A
      hereto
      (each a “Purchaser”
and
      collectively the “Purchasers”).

     

    RECITALS:

     

    WHEREAS,
      the Company and Modigene Inc., a Delaware corporation (“Modigene”),
      have
      entered into an Agreement and Plan of Merger and Reorganization, pursuant to
      which a newly organized, wholly-owned subsidiary of the Company has merged
      with
      and into Modigene, with Modigene remaining as the surviving entity and a
      wholly-owned subsidiary of the Company (the “Merger”);

     

    WHEREAS,
      as a condition to the consummation of the Merger, and to provide the capital
      required by Modigene for working capital and other purposes, the Company has
      offered in compliance with Rule 506 of Regulation D of the Securities Act of
      1933, as amended (the “Securities
      Act”),
      and
      available prospectus exemptions in Canada, to accredited investors in a private
      placement transaction (the “Offering”),
      an
      aggregate of [________]
      units
      (the “Units”)
      of the
      Company’s securities, at the purchase price of $1.50 per Unit (“Purchase
      Price”),
      each
      Unit consisting of one share of the Company’s common stock, par value $0.00001
      per share (“Common
      Stock”),
      and a
      warrant (the “Investor
      Warrants”)
      to
      purchase one-quarter, or 25%, of a share of Common Stock for five years at
      the
      exercise price of $2.50 per whole share of Common Stock;

     

    WHEREAS,
      the initial closing of the Offering and the Merger have taken place on the
      Effective Date; and

     

    WHEREAS,
      the Purchasers, in connection with their purchase of Units in the Offering,
      have
      executed and delivered separate Subscription Agreements (collectively, the
      “Subscription
      Agreements”)
      and
      Investor Questionnaires (the “Investor
      Questionnaires”),
      each
      memorializing the Purchasers’ agreement to purchase and the Company’s agreement
      to sell the number of Units set forth therein at the Purchase Price, and this
      Agreement, pursuant to which the Company will provide certain registration
      rights related to the shares of Common Stock underlying the Units, including
      “piggyback” registration rights with respect to the shares of Common Stock
      issuable upon exercise of the Investor Warrants, on the terms set forth herein
      (the Subscription Agreements, Investor Questionnaires, and Registration Rights
      Agreements are collectively referred to as the “Transaction
      Documents”).

    

    NOW,
      THEREFORE,
      in
      consideration of the mutual promises, representations, warranties, covenants,
      and conditions set forth herein, the parties mutually agree as follows:

     

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

     

    “Approved
      Market”
means
      the NASD Over-The-Counter Bulletin Board, the Nasdaq Stock Market, the New
      York
      Stock Exchange, Inc. or the American Stock Exchange, Inc.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Blackout
      Period”
means,
      with respect to a registration, a period, in each case commencing on the day
      immediately after the Company notifies the Purchasers that they are required,
      because of the occurrence of an event of the kind described in Section 4(f)
      hereof, to suspend offers and sales of Registrable Common Shares during which
      the Company, in the good faith judgment of its board of directors, determines
      (because of the existence of, or in anticipation of, any acquisition, financing
      activity, or other transaction involving the Company, or the unavailability
      for
      reasons beyond the Company’s control of any required financial statements,
      disclosure of information which is in its best interest not to publicly
      disclose, or any other event or condition of similar significance to the
      Company) that the registration and distribution of the Registrable Common Shares
      to be covered by such Registration Statement, if any, would be seriously
      detrimental to the Company and its stockholders and ending on the earlier of
      (1)
      the date upon which the material non-public information commencing the Blackout
      Period is disclosed to the public or ceases to be material and (2) such time
      as
      the Company notifies the selling Holders that the Company will no longer delay
      such filing of the Registration Statement, recommence taking steps to make
      such
      Registration Statement effective, or allow sales pursuant to such Registration
      Statement to resume; provided,
      that
      (a) the Company shall limit its use of Blackout Periods, in the aggregate,
      to 30
      Trading Days in any 12-month period and (b) no Blackout Period may commence
      sooner than 60 days after the end of a prior Blackout Period.

     

    “Business
      Day”
means
      any day of the year, other than a Saturday, Sunday, or other day on which the
      Commission is required or authorized to close.

     

    “Commission”
means
      the U. S. Securities and Exchange Commission or any other federal agency at
      the
      time administering the Securities Act.

     

    “Common
      Stock”
means
      the common stock, par value $0.00001 per share, of the Company and any and
      all
      shares of capital stock or other equity securities of: (i) the Company which
      are
      added to or exchanged or substituted for the Common Stock by reason of the
      declaration of any stock dividend or stock split, the issuance of any
      distribution or the reclassification, readjustment, recapitalization or other
      such modification of the capital structure of the Company; and (ii) any other
      corporation, now or hereafter organized under the laws of any state or other
      governmental authority, with which the Company is merged, which results from
      any
      consolidation or reorganization to which the Company is a party, or to which
      is
      sold all or substantially all of the shares or assets of the Company, if
      immediately after such merger, consolidation, reorganization or sale, the
      Company or the stockholders of the Company own equity securities having in
      the
      aggregate more than 50% of the total voting power of such other
      corporation.

     

    “Effective
      Date”
means
      the date set forth in the preamble to this Agreement.

     

    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended, and the rules and regulations
      of the Commission promulgated thereunder.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Family
      Member”
means
      (a) with respect to any individual, such individual’s spouse, any descendants
      (whether natural or adopted), any trust all of the beneficial interests of
      which
      are owned by any of such individuals or by any of such individuals together
      with
      any organization described in Section 501(c)(3) of the Internal Revenue Code
      of
      1986, as amended, the estate of any such individual, and any corporation,
      association, partnership or limited liability company all of the equity
      interests of which are owned by those above described individuals, trusts or
      organizations and (b) with respect to any trust, the owners of the beneficial
      interests of such trust.

     

    “Holder”
means
      each Purchaser or any of such Purchaser’s respective successors and Permitted
      Assigns who acquire rights in accordance with this Agreement with respect to
      any
      Registrable Securities directly or indirectly from a Purchaser or from any
      Permitted Assignee.

     

    “Investor
      Warrants” mean
      the
      warrants issued in connection with the Purchasers’ purchase of Units in the
      Offering.

     

    “Majority
      Holders”
means
      at any time Holders representing a majority of the Registrable
      Securities.

     

    “Permitted
      Assignee”
means
      (a) with respect to a partnership, its partners or former partners in
      accordance with their partnership interests, (b) with respect to a
      corporation, its stockholders in accordance with their interest in the
      corporation, (c) with respect to a limited liability company, its members
      or former members in accordance with their interest in the limited liability
      company, (d) with respect to an individual party, any Family Member of such
      party, (e) an entity that is controlled by, controls, or is under common control
      with a transferor, or (f) a party to this Agreement.

     

    “Piggyback
      Common Share Registration”
means,
      in any registration of Common Stock as set forth in Section 3(b)(i), the ability
      of holders of Common Stock to include Registrable Common Shares in such
      registration. 

     

    “Piggyback
      Registration”
means,
      in any registration of Common Stock referenced in Section 3(b), the right of
      each Holder to include the Registrable Securities of such Holder in such
      registration.

     

    “Piggyback
      Warrant Share Registration”
means,
      in any registration of Common Stock as set forth in Section 3(b)(ii), the
      ability of holders of the Investor Warrants, or Common Stock issued upon
      exercise of the Investor Warrants, to include Registrable Warrant Shares in
      such
      registration. 

     

    The
      terms
“register,”
      “registered,”
and
      “registration”
refer
      to a registration effected by preparing and filing a registration statement
      in
      compliance with the Securities Act, and the declaration or ordering of the
      effectiveness of such registration statement.

     

    “Registrable
      Common Shares”
means
      the shares of Common Stock issued or issuable to each Purchaser in connection
      with such Purchaser’s purchase of Units pursuant to the Subscription Agreements
      (and not including the shares of Common Stock issuable on exercise of the
      Investor Warrants issued to the Purchasers in connection with their purchase
      of
      Units) but excluding (i) any Registrable Common Shares that have been publicly
      sold or may be sold immediately without registration under the Securities Act
      either pursuant to Rule 144 of the Securities Act or otherwise; (ii) any
      Registrable Common Shares sold by a person in a transaction pursuant to a
      registration statement filed under the Securities Act, or (iii) any Registrable
      Common Shares that are at the time subject to an effective registration
      statement under the Securities Act. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Registrable
      Securities”
means
      the Registrable Common Shares together with the Registrable Warrant Shares.
      

     

    “Registrable
      Warrant Shares”
means
      the shares of Common Stock issued or issuable to each Purchaser on exercise
      of
      the Investor Warrants issued to the Purchasers in connection with their purchase
      of Units but excluding (i) any Registrable Warrant Shares that have been
      publicly sold or may be sold immediately without registration under the
      Securities Act either pursuant to Rule 144 of the Securities Act or otherwise;
      (ii) any Registrable Warrant Shares sold by a person in a transaction pursuant
      to a registration statement filed under the Securities Act, or (iii) any
      Registrable Warrant Shares that are at the time subject to an effective
      registration statement under the Securities Act. 

     

    “Registration
      Default Date”
means
      the date that is 180 days after the Registration Filing Date.

     

    “Registration
      Default Period”
means
      the period following the Registration Default Date during which any Registration
      Event occurs and is continuing.

     

    “Registration
      Event”
means
      the occurrence of any of the following events:

     

    (a) the
      Company fails to file with the Commission the Registration Statement on or
      before the Registration Filing Date;

     

    (b) the
      Registration Statement is not declared effective by the Commission on or before
      the Registration Default Date;

     

    (c) after
      the
      SEC Effective Date, sales cannot be made pursuant to the Registration Statement
      for any reason (including without limitation by reason of a stop order, or
      the
      Company’s failure to update the Registration Statement) except as excused
      pursuant to Section 3(a); or

     

    (d) the
      Common Stock generally or the Registrable Common Shares specifically are not
      listed or included for quotation on an Approved Market, or trading of the Common
      Stock is suspended or halted on the Approved Market, which at the time
      constitutes the principal market for the Common Stock, for more than two full,
      consecutive Trading Days; provided,
      however,
      a
      Registration Event shall not be deemed to occur if all or substantially all
      trading in equity securities (including the Common Stock) is suspended or halted
      on the Approved Market for any length of time.

     

    “Registration
      Filing Date”
means
      the date that is 120 days after the Effective Date. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Registration
      Statement”
means
      the registration statement that the Company is required to file pursuant to
      this
      Agreement to register the Registrable Common Shares.

     

    “Rule
      144”
means
      Rule 144 promulgated by the Commission under the Securities Act. 

     

    “Securities
      Act”
means
      the Securities Act of 1933, as amended, or any similar federal statute
      promulgated in replacement thereof, and the rules and regulations of the
      Commission thereunder, all as the same shall be in effect at the
      time.

     

    “SEC
      Effective Date”
means
      the date the Registration Statement is declared effective by the
      Commission.

     

    “Subscription
      Agreement”
means
      each of the Subscription Agreements, each dated as of the date hereof, between
      the Company and the Purchaser named therein setting forth the terms and
      conditions of the Company’s offer of Units and the purchase of Units by the
      Purchaser that is party to such Subscription Agreements.

     

    “Trading
      Day”
means
      any day on which the national securities exchange, the Nasdaq Stock Market,
      the
      NASD Over-The-Counter Bulletin Board or such other securities market or
      quotation system, which at the time constitutes the principal securities market
      for the Common Stock, is open for general trading of securities.

     

    “Units”
has
      the
      meaning given it in the second recital of this Agreement.

     

    2. Term.
      This
      Agreement shall continue in full force and effect for a period of two years
      from
      the Effective Date, unless terminated sooner hereunder.

     

    3. Registration.

     

    (a) Registration
      on Form SB-2.
      Not
      later than the Registration Filing Date, the Company shall file with the
      Commission a Registration Statement on Form SB-2, or other applicable form,
      relating to the resale by the Holders of all of the Registrable Common Shares,
      and the Company shall use its best efforts to cause such Registration Statement
      to be declared effective prior to the Registration Default Date; provided,
      that
      the Company shall not be obligated to effect any such registration,
      qualification, or compliance pursuant to this Section, or keep such registration
      effective pursuant to the terms hereunder in any particular jurisdiction in
      which the Company would be required to qualify to do business as a foreign
      corporation or as a dealer in securities under the securities or blue sky laws
      of such jurisdiction or to execute a general consent to service of process
      in
      effecting such registration, qualification or compliance, in each case where
      it
      has not already done so.

     

    (b) Piggyback
      Registration.
      

     

    (i) Piggyback
      Common Share Registration.
      If the
      Company shall determine to register for sale for cash any of its Common Stock,
      for its own account or for the account of others (other than the Holders),
      other
      than (i) a registration relating solely to employee benefit plans or securities
      issued or issuable to employees, consultants (to the extent the securities
      owned
      or to be owned by such consultants could be registered on Form S-8) or any
      of
      their Family Members (including a registration on Form S-8) or (ii) a
      registration relating solely to a Commission Rule 145 transaction, a
      registration on Form S-4 in connection with a merger, acquisition, divestiture,
      reorganization, or similar event, the Company shall promptly give to the Holders
      written notice thereof (and in no event shall such notice be given less than
      20
      calendar days prior to the filing of such registration statement), and shall,
      subject to Section 3(c), include as a Piggyback Registration all of the
      Registrable Common Shares specified in a written request delivered by the Holder
      thereof within 10 calendar days after receipt of such written notice from the
      Company. However, the Company may, without the consent of the Holders, withdraw
      such registration statement prior to its becoming effective if the Company
      or
      such other stockholders have elected to abandon the proposal to register the
      securities proposed to be registered thereby. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (ii) Piggyback
      Warrant Share Registration.
      If
      after the SEC Effective Date, the Company shall determine to register for sale
      for cash any of its Common Stock, for its own account or for the account of
      others (other than the Holders), other than (i) a registration relating solely
      to employee benefit plans or securities issued or issuable to employees,
      consultants (to the extent the securities owned or to be owned by such
      consultants could be registered on Form S-8) or any of their Family Members
      (including a registration on Form S-8) or (ii) a registration relating solely
      to
      a Commission Rule 145 transaction, a registration on Form S-4 in connection
      with
      a merger, acquisition, divestiture, reorganization, or similar event, the
      Company shall promptly give to the Holders written notice thereof (and in no
      event shall such notice be given less than 20 calendar days prior to the filing
      of such registration statement), and shall, subject to Section 3(c), include
      as
      a Piggyback Registration all of the Registrable Warrant Shares specified in
      a
      written request delivered by the Holder thereof within 10 calendar days after
      receipt of such written notice from the Company. However, the Company may,
      without the consent of the Holders, withdraw such registration statement prior
      to its becoming effective if the Company or such other stockholders have elected
      to abandon the proposal to register the securities proposed to be registered
      thereby. 

    

    (c) Underwriting.
      If a
      Piggyback Registration is for a registered public offering that is to be made
      by
      an underwriting, the Company shall so advise the Holders of the Registrable
      Common Shares and the Registrable Warrant Shares eligible for inclusion in
      such
      Registration Statement pursuant to Sections 3(b)(i) and (ii), respectively.
      In
      that event, the right of any Holder to Piggyback Registration shall be
      conditioned upon such Holder’s participation in such underwriting and the
      inclusion of such Holder’s Registrable Common Shares or the Holder’s Registrable
      Warrant Shares in the underwriting to the extent provided herein. All Holders
      proposing to sell any of their Registrable Securities through such underwriting
      shall (together with the Company and any other stockholders of the Company
      selling their securities through such underwriting) enter into an underwriting
      agreement in customary form with the underwriter selected for such underwriting
      by the Company or the selling stockholders, as applicable. Notwithstanding
      any
      other provision of this Section, if the underwriter or the Company determines
      that marketing factors require a limitation on the number of shares of Common
      Stock or the amount of other securities to be underwritten, the underwriter
      may
      exclude some or all Registrable Securities from such registration and
      underwriting. The Company shall so advise all Holders (except those Holders
      who
      failed to timely elect to include their Registrable Securities through such
      underwriting or have indicated to the Company their decision not to do so),
      and
      indicate to each such Holder the number of shares of Registrable Securities
      that
      may be included in the registration and underwriting, if any. The number of
      shares of Registrable Securities to be included in such registration and
      underwriting shall be allocated among such Holders as follows: 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (i) If
      the
      Piggyback Registration was initiated by the Company, the number of shares that
      may be included in the registration and underwriting shall be allocated first
      to
      the Company and then, subject to obligations and commitments existing as of
      the
      date hereof, to all selling stockholders, including the Holders, who have
      requested to sell in the registration on a pro rata basis according to the
      number of shares requested to be included therein; and

     

    (ii) If
      the
      Piggyback Registration was initiated by the exercise of demand registration
      rights by a stockholder or stockholders of the Company (other than the Holders),
      then the number of shares that may be included in the registration and
      underwriting shall be allocated first to such selling stockholders who exercised
      such demand and then, subject to obligations and commitments existing as of
      the
      date hereof, to all other selling stockholders, including the Holders, who
      have
      requested to sell in the registration, on a pro rata basis according to the
      number of shares requested to be included.

     

    No
      Registrable Securities excluded from the underwriting by reason of the
      underwriter’s marketing limitation shall be included in such registration. If
      any Holder disapproves of the terms of any such underwriting, such Holder may
      elect to withdraw his or her Registrable Securities therefrom by delivering
      a
      written notice to the Company and the underwriter. The Registrable Securities
      so
      withdrawn from such underwriting shall also be withdrawn from such registration;
      provided,
      however,
      that,
      if by the withdrawal of such Registrable Securities, a greater number of
      Registrable Securities held by other Holders may be included in such
      registration (up to the maximum of any limitation imposed by the underwriters),
      then the Company shall offer to all Holders who have included Registrable
      Securities in the registration the right to include additional Registrable
      Securities pursuant to the terms and limitations set forth herein in the same
      proportion used above in determining the underwriter limitation. 

     

    (d) Other
      Registrations.
      Before
      the SEC Effective Date, the Company will not, without the prior written consent
      of the Majority Holders, file any other registration statement with the
      Commission or request the acceleration of any other registration statement
      filed
      with the Commission, and during any time subsequent to the SEC Effective Date
      when the Registration Statement for any reason is not available for use by
      any
      Holder for the resale of any Registrable Common Shares, the Company shall not,
      without the prior written consent of the Majority Holders, file any other
      registration statement or any amendment thereto with the Commission under the
      Securities Act or request the acceleration of the effectiveness of any other
      registration statement previously filed with the Commission, other than (i)
      any
      registration statement on Form S-8 or Form S-4 and (ii) any registration
      statement or amendment which the Company is required to file or as to which
      the
      Company is required to request acceleration pursuant to any obligation in effect
      on the date of execution and delivery of this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (e) Occurrence
      of Registration Event.
      If a
      Registration Event occurs, then the Company will make payments to each Holder
      (a
“Qualified
      Purchaser”),
      as
      partial liquidated damages for the minimum amount of damages to the Qualified
      Purchaser by reason thereof, and not as a penalty, at a rate equal to 1.25%
      of
      the Purchase Price per share of Registrable Common Shares then held by each
      Qualified Purchaser for each full period of 30 days of the Registration Default
      Period (which shall be pro rated for any period less than 30 days); provided,
      however,
      if a
      Registration Event occurs (or is continuing) on a date more than one-year after
      the Qualified Purchaser acquired the Registrable Common Shares (and thus the
      one-year holding period under Rule 144(d) has elapsed), liquidated damages
      shall
      be paid only with respect to that portion of the Qualified Purchaser’s
      Registrable Common Shares that cannot then be immediately resold in reliance
      on
      Rule 144. Notwithstanding the foregoing, the maximum amount of liquidated
      damages that may be paid to any Qualified Purchaser pursuant to this Section
      3(e) shall be an amount equal to 12.5% of the Purchase Price per share of
      Registrable Common Shares held by such Qualified Purchaser at the time of the
      first occurrence of the Registration Events. Each such payment shall be due
      and
      payable within five days after the end of each full 30-day period of the
      Registration Default Period until the termination of the Registration Default
      Period and within five days after such termination. Such payments shall
      constitute the Qualified Purchaser’s exclusive remedy for such events. The
      Registration Default Period shall terminate upon (i) the filing of the
      Registration Statement in the case of clause (a) of the definition of
      Registration Event, (ii) the SEC Effective Date in the case of clause (b) of
      the
      definition of Registration Event, (iii) the ability of the Qualified Purchaser
      to effect sales pursuant to the Registration Statement in the case of clause
      (c)
      of the definition of Registration Event, (iv) the listing or inclusion and/or
      trading of the Common Stock on an Approved Market, as the case may be, in the
      case of clause (d) of the definition of Registration Event, and (v) in the
      case
      of the events described in clauses (b) and (c) of the definition of Registration
      Event, the earlier termination of the Registration Default Period. The amounts
      payable as partial liquidated damages pursuant to this Section 3(e) shall be
      payable in lawful money of the United States. Amounts payable as liquidated
      damages to each Qualified Purchaser hereunder with respect to each share of
      Registrable Common Shares shall cease when the Qualified Purchaser no longer
      holds such Registrable Common Shares or all such Registrable Common Shares
      can
      be immediately sold by the Qualified Purchaser in reliance on Rule 144(k).
      

     

    4. Registration
      Procedures for Registrable Common Shares.
      The
      Company will keep each Holder reasonably advised as to the filing and
      effectiveness of the Registration Statement. At its expense with respect to
      the
      Registration Statement, the Company will:

     

    (a) prepare
      and file with the Commission with respect to the Registrable Common Shares,
      a
      Registration Statement on Form SB-2, or any other form for which the Company
      then qualifies or which counsel for the Company shall deem appropriate and
      which
      form shall be available for the sale of the Registrable Common Shares in
      accordance with the intended methods of distribution thereof, and use its
      commercially reasonable efforts to cause such Registration Statement to become
      effective and shall remain effective for a period of two years or for such
      shorter period ending on the earlier to occur of (i) the sale of all Registrable
      Common Shares and (ii) the availability under Rule 144(k) for the Holder to
      sell
      the Registrable Common Shares (the “Effectiveness
      Period”);

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b) if
      the
      Registration Statement is subject to review by the Commission, promptly respond
      to all comments and diligently pursue resolution of any comments to the
      satisfaction of the Commission;

     

    (c) prepare
      and file with the Commission such amendments and supplements to such
      Registration Statement as may be necessary to keep such Registration Statement
      effective during the Effectiveness Period;

     

    (d) furnish,
      without charge, to each Holder of Registrable Common Shares covered by such
      Registration Statement (i) a reasonable number of copies of such Registration
      Statement (including any exhibits thereto other than exhibits incorporated
      by
      reference), each amendment and supplement thereto as such Holder may reasonably
      request, (ii) such number of copies of the prospectus included in such
      Registration Statement (including each preliminary prospectus and any other
      prospectus filed under Rule 424 under the Securities Act) as such Holders may
      reasonably request, in conformity with the requirements of the Securities Act,
      and (iii) such other documents as such Holder may require to consummate the
      disposition of the Registrable Common Shares owned by such Holder, but only
      during the Effectiveness Period;

     

    (e) use
      its
      commercially reasonable best efforts to register or qualify such registration
      under such other applicable securities or blue sky laws of such jurisdictions
      as
      any Holder of Registrable Common Shares covered by such Registration Statement
      reasonably requests and as may be necessary for the marketability of the
      Registrable Common Shares (such request to be made by the time the applicable
      Registration Statement is deemed effective by the Commission) and do any and
      all
      other acts and things necessary to enable such Holder to consummate the
      disposition in such jurisdictions of the Registrable Common Shares owned by
      such
      Holder; provided,
      that
      the Company shall not be required to (i) qualify generally to do business in
      any
      jurisdiction where it would not otherwise be required to qualify but for this
      paragraph, (ii) subject itself to taxation in any such jurisdiction, or (iii)
      consent to general service of process in any such jurisdiction.

     

    (f) as
      promptly as practicable after becoming aware of such event, notify each Holder
      of Registrable Common Shares, the disposition of which requires delivery of
      a
      prospectus relating thereto under the Securities Act, of the happening of any
      event, which comes to the Company’s attention, that will after the occurrence of
      such event cause the prospectus included in such Registration Statement, if
      not
      amended or supplemented, to contain an untrue statement of a material fact
      or an
      omission to state a material fact required to be stated therein or necessary
      to
      make the statements therein not misleading and the Company shall promptly
      thereafter prepare and furnish to such Holder a supplement or amendment to
      such
      prospectus (or prepare and file appropriate reports under the Exchange Act)
      so
      that, as thereafter delivered to the purchasers of such Registrable Common
      Shares, such prospectus shall not contain an untrue statement of a material
      fact
      or omit to state any material fact required to be stated therein or necessary
      to
      make the statements therein not misleading, unless suspension of the use of
      such
      prospectus otherwise is authorized herein or in the event of a Blackout Period,
      in which case no supplement or amendment need be furnished (or Exchange Act
      filing made) until the termination of such suspension or Blackout Period;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (g) comply,
      and continue to comply during the Effectiveness Period, in all material respects
      with the Securities Act and the Exchange Act and with all applicable rules
      and
      regulations of the Commission with respect to the disposition of all securities
      covered by such Registration Statement;

     

    (h) as
      promptly as practicable after becoming aware of such event, notify each Holder
      of Registrable Common Shares being offered or sold pursuant to the Registration
      Statement of the issuance by the Commission of any stop order or other
      suspension of effectiveness of the Registration Statement;

     

    (i) use
      its
      best efforts to cause all the Registrable Common Shares covered by the
      Registration Statement to be quoted on the NASD OTC Bulletin Board or such
      other
      principal securities market on which securities of the same class or series
      issued by the Company are then listed or traded; 

     

    (j) provide
      a
      transfer agent and registrar, which may be a single entity, for the shares
      of
      Common Stock at all times;

     

    (k) cooperate
      with the Holders of Registrable Common Shares being offered pursuant to the
      Registration Statement to issue and deliver, or cause its transfer agent to
      issue and deliver, certificates representing Registrable Common Shares to be
      offered pursuant to the Registration Statement within a reasonable time after
      the delivery of certificates representing the Registrable Common Shares to
      the
      transfer agent or the Company, as applicable, and enable such certificates
      to be
      in such denominations or amounts as the Holders may reasonably request and
      registered in such names as the Holders may request;

     

    (l) during
      the Effectiveness Period, refrain from bidding for or purchasing any Common
      Stock or any right to purchase Common Stock or attempting to induce any person
      to purchase any such security or right if such bid, purchase or attempt would
      in
      any way limit the right of the Holders to sell Registrable Common Shares by
      reason of the limitations set forth in Regulation M under the Exchange Act;
      and

     

    (m) take
      all
      other reasonable actions necessary to expedite and facilitate the disposition
      by
      the Holders of the Registrable Common Shares pursuant to the Registration
      Statement.

     

    5. Suspension
      of Offers and Sales.
      Each
      Holder agrees that, upon receipt of any notice from the Company of the happening
      of any event of the kind described in Section 4(f) hereof or of the commencement
      of a Blackout Period, such Holder shall discontinue the disposition of
      Registrable Common Shares included in the Registration Statement until such
      Holder’s receipt of the copies of the supplemented or amended prospectus
      contemplated by Section 4(f) hereof or notice of the end of the Blackout Period,
      and, if so directed by the Company, such Holder shall deliver to the Company
      (at
      the Company’s expense) all copies (including, without limitation, any and all
      drafts), other than permanent file copies, then in such Holder’s possession, of
      the prospectus covering such Registrable Common Shares current at the time
      of
      receipt of such notice.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6. Registration
      Expenses.
      The
      Company shall pay all expenses in connection with any registration obligation
      provided herein, including, without limitation, all registration, filing, stock
      exchange fees, printing expenses, all fees and expenses of complying with
      securities or blue sky laws, and the fees and disbursements of counsel for
      the
      Company and of its independent accountants; provided,
      that,
      in any underwritten registration, each party shall pay for its own underwriting
      discounts and commissions and transfer taxes. Except as provided in this Section
      and Section 9, the Company shall not be responsible for the expenses of any
      attorney or other advisor employed by a Holder.

     

    7. Assignment
      of Rights.
      No
      Holder may assign its rights under this Agreement to any party without the
      prior
      written consent of the Company; provided,
      however,
      that
      any Holder may assign its rights under this Agreement without such consent
      to a
      Permitted Assignee as long as (a) such transfer or assignment is effected in
      accordance with applicable securities laws; (b) such transferee or assignee
      agrees in writing to become subject to the terms of this Agreement; and (c)
      such
      Holder notifies the Company in writing of such transfer or assignment, stating
      the name and address of the transferee or assignee and identifying the
      Registrable Common Shares with respect to which such rights are being
      transferred or assigned.

     

    8. Information
      by Holder.
      Holders
      included in any registration shall furnish to the Company such information
      as
      the Company may reasonably request in writing regarding such Holders and the
      distribution proposed by such Holders.

     

    9. Indemnification.

     

    (a) In
      the
      event of the offer and sale of Registrable Securities under the Securities
      Act,
      the Company shall, and hereby does, indemnify and hold harmless, to the fullest
      extent permitted by law, each Holder, its directors, officers, partners, each
      other person who participates as an underwriter in the offering or sale of
      such
      securities, and each other person, if any, who controls or is under common
      control with such Holder or any such underwriter within the meaning of Section
      15 of the Securities Act, against any losses, claims, damages or liabilities,
      joint or several, and expenses to which the Holder or any such director,
      officer, partner or underwriter or controlling person may become subject under
      the Securities Act or otherwise, insofar as such losses, claims, damages,
      liabilities or expenses (or actions or proceedings, whether commenced or
      threatened, in respect thereof) arise out of or are based upon any untrue
      statement of any material fact contained in any registration statement prepared
      and filed by the Company under which Registrable Securities were registered
      under the Securities Act, any preliminary prospectus, final prospectus or
      summary prospectus contained therein, or any amendment or supplement thereto,
      or
      any omission to state therein a material fact required to be stated or necessary
      to make the statements therein in light of the circumstances in which they
      were
      made not misleading, and the Company shall reimburse the Holder, and each such
      director, officer, partner, underwriter and controlling person for any legal
      or
      any other expenses reasonably incurred by them in connection with investigating,
      defending or settling any such loss, claim, damage, liability, action or
      proceeding; provided,
      that,
      the Company shall not be liable in any such case (i) to the extent that any
      such
      loss, claim, damage, liability (or action or proceeding in respect thereof)
      or
      expense arises out of or is based upon an untrue statement in or omission from
      such registration statement, any such preliminary prospectus, final prospectus,
      summary prospectus, amendment or supplement in reliance upon and in conformity
      with written information furnished to the Company through an instrument duly
      executed by or on behalf of such Holder specifically stating that it is for
      use
      in the preparation thereof or (ii) if the person asserting any such loss, claim,
      damage, liability (or action or proceeding in respect thereof) who purchased
      the
      Registrable Securities that are the subject thereof did not receive a copy
      of an
      amended preliminary prospectus or the final prospectus (or the final prospectus
      as amended or supplemented) at or prior to the written confirmation of the
      sale
      of such Registrable Securities to such person because of the failure of such
      Holder or underwriter to so provide such amended preliminary or final prospectus
      and the untrue statement or omission of a material fact made in such preliminary
      prospectus was corrected in the amended preliminary or final prospectus (or
      the
      final prospectus as amended or supplemented). Such indemnity shall remain in
      full force and effect regardless of any investigation made by or on behalf
      of
      the Holders, or any such director, officer, partner, underwriter or controlling
      person and shall survive the transfer of such shares by the Holder.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b) As
      a
      condition to including Registrable Securities in any registration statement
      filed pursuant to this Agreement, each Holder agrees to be bound by the terms
      of
      this Section 9 and to indemnify and hold harmless, to the fullest extent
      permitted by law, the Company, its directors and officers, and each other
      person, if any, who controls the Company within the meaning of Section 15 of
      the
      Securities Act, against any losses, claims, damages or liabilities, joint or
      several, to which the Company or any such director or officer or controlling
      person may become subject under the Securities Act or otherwise, insofar as
      such
      losses, claims, damages or liabilities (or actions or proceedings, whether
      commenced or threatened, in respect thereof) that arises out of or is based
      upon
      an untrue statement in or omission from such registration statement, any such
      preliminary prospectus, final prospectus, summary prospectus, amendment or
      supplement in reliance upon and in conformity with written information furnished
      by the Holder through an instrument duly executed by or on behalf of the Holder
      specifically stating that it is for use in the preparation thereof, and such
      Holder shall reimburse the Company, and each such director, officer, and
      controlling person for any legal or other expenses reasonably incurred by them
      in connection with investigating, defending, or settling any such loss, claim,
      damage, liability, action, or proceeding; provided,
      however,
      that
      such indemnity agreement found in this Section 9 shall in no event exceed the
      net proceeds from the Offering received by such Holder. Such indemnity shall
      remain in full force and effect, regardless of any investigation made by or
      on
      behalf of the Company or any such director, officer or controlling person and
      shall survive the transfer by any Holder of such shares.

     

    (c) Promptly
      after receipt by an indemnified party of notice of the commencement of any
      action or proceeding involving a claim referred to in this Section (including
      any governmental action), such indemnified party shall, if a claim in respect
      thereof is to be made against an indemnifying party, give written notice to
      the
      indemnifying party of the commencement of such action; provided that
      the
      failure of any indemnified party to give notice as provided herein shall not
      relieve the indemnifying party of its obligations under this Section, except
      to
      the extent that the indemnifying party is actually prejudiced by such failure
      to
      give notice. In case any such action is brought against an indemnified party,
      unless in the reasonable judgment of counsel to such indemnified party a
      conflict of interest between such indemnified and indemnifying parties may
      exist
      or the indemnified party may have defenses not available to the indemnifying
      party in respect of such claim, the indemnifying party shall be entitled to
      participate in and to assume the defense thereof, with counsel reasonably
      satisfactory to such indemnified party and, after notice from the indemnifying
      party to such indemnified party of its election so to assume the defense
      thereof, the indemnifying party shall not be liable to such indemnified party
      for any legal or other expenses subsequently incurred by the latter in
      connection with the defense thereof, unless in such indemnified party’s
      reasonable judgment a conflict of interest between such indemnified and
      indemnifying parties arises in respect of such claim after the assumption of
      the
      defenses thereof or the indemnifying party fails to defend such claim in a
      diligent manner, other than reasonable costs of investigation. Neither an
      indemnified nor an indemnifying party shall be liable for any settlement of
      any
      action or proceeding effected without its consent. No indemnifying party shall,
      without the consent of the indemnified party, consent to entry of any judgment
      or enter into any settlement, which does not include as an unconditional term
      thereof the giving by the claimant or plaintiff to such indemnified party of
      a
      release from all liability in respect of such claim or litigation.
      Notwithstanding anything to the contrary set forth herein, and without limiting
      any of the rights set forth above, in any event any party shall have the right
      to retain, at its own expense, counsel with respect to the defense of a
      claim.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (d) If
      an
      indemnifying party does or is not permitted to assume the defense of an action
      pursuant to Sections 9(c) or in the case of the expense reimbursement obligation
      set forth in Sections 9(a) and (b), the indemnification required by Sections
      9(a) and 9(b) shall be made by periodic payments of the amount thereof during
      the course of the investigation or defense, as and when bills received or
      expenses, losses, damages, or liabilities are incurred.

     

    (e) If
      the
      indemnification provided for in Section 9(a) or 9(b) is held by a court of
      competent jurisdiction to be unavailable to an indemnified party with respect
      to
      any loss, liability, claim, damage or expense referred to herein, the
      indemnifying party, in lieu of indemnifying such indemnified party hereunder,
      shall (i) contribute to the amount paid or payable by such indemnified party
      as
      a result of such loss, liability, claim, damage or expense as is appropriate
      to
      reflect the proportionate relative fault of the indemnifying party on the one
      hand and the indemnified party on the other (determined by reference to, among
      other things, whether the untrue or alleged untrue statement of a material
      fact
      or omission relates to information supplied by the indemnifying party or the
      indemnified party and the parties’ relative intent, knowledge, access to
      information and opportunity to correct or prevent such untrue statement or
      omission), or (ii) if the allocation provided by clause (i) above is not
      permitted by applicable law or provides a lesser sum to the indemnified party
      than the amount hereinafter calculated, not only the proportionate relative
      fault of the indemnifying party and the indemnified party, but also the relative
      benefits received by the indemnifying party on the one hand and the indemnified
      party on the other, as well as any other relevant equitable considerations.
      No
      indemnified party guilty of fraudulent misrepresentation (within the meaning
      of
      Section 11(f) of the Securities Act) shall be entitled to contribution from
      any
      indemnifying party who was not guilty of such fraudulent
      misrepresentation.

     

    (f) Other
      Indemnification.
      Indemnification similar to that specified in this Section (with appropriate
      modifications) shall be given by the Company and each Holder of Registrable
      Securities with respect to any required registration or other qualification
      of
      securities under any federal or state law or regulation or governmental
      authority other than the Securities Act.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    10. Rule
      144.
      For
      a
      period of at least 24 months following the Effective Date,
      the
      Company will use its commercially reasonable best efforts to timely file all
      reports required to be filed by the Company after the date hereof under the
      Securities Act and the Exchange Act and the rules and regulations adopted by
      the
      Commission thereunder, and if the Company is not required to file reports
      pursuant to such sections, it will prepare and furnish to the Purchasers and
      make publicly available in accordance with Rule 144(c) such information as
      is
      required for the Purchasers to sell shares of Common Stock under Rule
      144.

     

    11. Independent
      Nature of Each Purchaser’s Obligations and Rights.
      The
      obligations of each Purchaser under this Agreement are several and not joint
      with the obligations of any other Purchaser, and each Purchaser shall not be
      responsible in any way for the performance of the obligations of any other
      Purchaser under this Agreement. Nothing contained herein and no action taken
      by
      any Purchaser pursuant hereto, shall be deemed to constitute such Purchasers
      as
      a partnership, an association, a joint venture, or any other kind of entity,
      or
      create a presumption that the Purchasers are in any way acting in concert or
      as
      a group with respect to such obligations or the transactions contemplated by
      this Agreement. Each Purchaser shall be entitled to independently protect and
      enforce its rights, including without limitation the rights arising out of
      this
      Agreement, and it shall not be necessary for any other Purchaser to be joined
      as
      an additional party in any proceeding for such purpose.

     

    12. Miscellaneous.

     

    (a) Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Delaware and the United States of America, both substantive and
      remedial, without regard to Delaware conflicts of law principles. Any
      judicial proceeding brought against either of the parties to this Agreement
      or
      any dispute arising out of this Agreement or any matter related hereto shall
      be
      brought in the courts of the State of New York, New York County, or in the
      United States District Court for the Southern District of New York and, by
      its
      execution and delivery of this Agreement, each party to this Agreement accepts
      the jurisdiction of such courts. The foregoing consent to jurisdiction shall
      not
      be deemed to confer rights on any person other than the parties to this
      Agreement.

     

    (b) Remedies.
      In the
      event of a breach by the Company or by a Holder of any of their respective
      obligations under this Agreement, each Holder or the Company, as the case may
      be, in addition to being entitled to exercise all rights granted by law and
      under this Agreement, including recovery of damages, shall be entitled to
      specific performance of its rights under this Agreement. The Company and each
      Holder agree that monetary damages would not provide adequate compensation
      for
      any losses incurred by reason of a breach by it of any of the provisions of
      this
      Agreement and hereby further agrees that, in the event of any action for
      specific performance in respect of such breach, it shall not assert or shall
      waive the defense that a remedy at law would be adequate.

     

    (c) Successors
      and Assigns.
      Except
      as otherwise provided herein, the provisions hereof shall inure to the benefit
      of, and be binding upon, the successors, Permitted Assigns, executors and
      administrators of the parties hereto. In the event the Company merges with,
      or
      is otherwise acquired by, a direct or indirect subsidiary of a publicly traded
      company, the Company shall condition the merger or acquisition on the assumption
      by such parent company of the Company’s obligations under this
      Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (d) No
      Inconsistent Agreements.
      Neither
      the Company nor any of its Subsidiaries has entered, as of the date hereof,
      nor
      shall the Company or any of its Subsidiaries, on or after the date of this
      Agreement, enter into any agreement with respect to its securities that would
      have the effect of impairing the rights granted to the Holders in this Agreement
      or otherwise conflicts with the provisions hereof.

     

    (e) Entire
      Agreement.
      This
      Agreement constitutes the full and entire understanding and agreement between
      the parties with regard to the subjects hereof.

     

    (f) Notices,
      etc.
      All
      notices or other communications which are required or permitted under this
      Agreement shall be in writing and sufficient if delivered by hand, by facsimile
      transmission, by registered or certified mail, postage pre-paid, by electronic
      mail, or by courier or overnight carrier, to the persons at the addresses set
      forth below (or at such other address as may be provided hereunder), and shall
      be deemed to have been delivered as of the date so delivered: 

     

    If
      to the
      Company to:

    

    Modigene
      Inc.

    8000
      Towers Crescent Drive

    Suite
      1300

    Vienna,
      VA 22182

    Attention:
      Shai Novik, President

    Facsimile:
      (703) 288-0070

     

    with
      copy
      to:

    

    Barack
      Ferrazzano Kirschbaum Perlman & Nagelberg LLP

    333
      West
      Wacker Drive, Suite 2700

    Chicago,
      IL 60606

    Attn:
      Gretchen Trofa, Esq.

    Facsimile:
      (312) 984-3150

    

    After
      May
      28, 2007:

    

    Barack
      Ferrazzano Kirschbaum & Nagelberg LLP

    200
      West
      Madison Street, Suite 3900

    Chicago,
      IL 60606 

    Attn:
      Gretchen Trofa, Esq.

    Facsimile:
      (312) 984-3150

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    If
      to the
      Purchasers:  

    

    To
      each
      Purchaser at the address set forth on Exhibit A 

    

    or
      at
      such other address as any party shall have furnished to the other parties in
      writing.

     

    (g) Delays
      or Omissions.
      No
      delay or omission to exercise any right, power or remedy accruing to any Holder,
      upon any breach or default of the Company under this Agreement, shall impair
      any
      such right, power or remedy of such Holder nor shall it be construed to be
      a
      waiver of any such breach or default, or an acquiescence therein, or of any
      similar breach or default thereunder occurring; nor shall any waiver of any
      single breach or default be deemed a waiver of any other breach or default
      theretofore or thereafter occurring. Any waiver, permit, consent or approval
      of
      any kind or character on the part of any Holder of any breach or default under
      this Agreement, or any waiver on the part of any Holder of any provisions or
      conditions of this Agreement, must be in writing and shall be effective only
      to
      the extent specifically set forth in such writing. All remedies, either under
      this Agreement, or by law or otherwise afforded to any holder, shall be
      cumulative and not alternative.

     

    (h) Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      enforceable against the parties actually executing such counterparts, and all
      of
      which together shall constitute one instrument. In the event that any signature
      is delivered by facsimile transmission, such signature shall create a valid
      and
      binding obligation of the party executing (or on whose behalf such signature
      is
      executed) with the same force and effect as if such facsimile signature page
      were an original thereof.

     

    (i) Severability.
      In the
      case any provision of this Agreement shall be invalid, illegal or unenforceable,
      the validity, legality and enforceability of the remaining provisions shall
      not
      in any way be affected or impaired thereby.

     

    (j) Amendments.
      The
      provisions of this Agreement may be amended at any time and from time to time,
      and particular provisions of this Agreement may be waived, with and only with
      an
      agreement or consent in writing signed by the Company and the Majority Holders.
      The Purchasers acknowledge that by the operation of this Section, the Majority
      Holders may have the right and power to diminish or eliminate all rights of
      the
      Purchasers under this Agreement.

     

    (k) Limitation
      on Subsequent Registration Rights.
      After
      the date of this Agreement, the Company shall not, without the prior written
      consent of the Majority Holders, enter into any agreement with any holder or
      prospective holder of any securities of the Company that would grant such holder
      registration rights senior to those granted to the Holders
      hereunder.

     

    [SIGNATURE
      PAGES FOLLOW]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    This
      Registration Rights Agreement is hereby executed as of the date first above
      written.

     

    
      	 	 	 
	 	
              COMPANY:

            
	 	 
	 	
              
                MODIGENE,
                  INC.

              

            
	 
 	 
 	 
 
	 	By:  	 
	 	Name:   	
              
Shai
              Novik
	 	Its:	President

    

     

    [SIGNATURE
      PAGE OF PURCHASER FOLLOWS]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    This
      Registration Rights Agreement is hereby executed as of the date first above
      written.

     

    
      	 	 	 
	 	
              PURCHASER
                (Individual)

            
	 	 
	 	
              

            
	 	 
	 	
              
                

              

              (Print
                Name)

            
	 	 
	 	 
	 	
              PURCHASER
                (Entity)

            
	 
 	 
 	 
 
	 	By:  	 
	 	 	
              

            
	 	 

              Name:

            	 
	 	 	
              

              (Print
                Name)

            
	 	
              Its:

            	 
	 	 	
              

              (Print
                Title)Exhibit
        10.4

    

     

    SPLIT-OFF
      AGREEMENT

    

    SPLIT-OFF
      AGREEMENT,
      dated
      as of this ________ day of May 2007 (this “Agreement”), by and among Modigene
      Inc., formerly known as LDG, Inc., a Nevada corporation (“Seller”), Sandra
      Conklin (“Conklin”), Seamus Duerr (“Duerr”) and Sambrick
      Communications, Inc. (“Sambrick”) (each of Conklin, Duerr and Sambrick are
      sometimes referred to as a “Buyer” and collectively as the “Buyers”), Liaison
      Design Group, LLC, a North Carolina limited liability company (“LLC”), and
      Modigene Inc., a Delaware corporation (“Modigene”).

     

    RECITALS:

    

    WHEREAS, Seller
      is
      the owner of all of the issued and outstanding membership units (“Units”) of
      LLC. Since the organization of Seller, Seller has conducted all of its
      operations through LLC. Seller has no businesses or operations other than those
      it conducts through LLC;

    

    WHEREAS,
      contemporaneous with the execution of this Agreement, Seller, Modigene, and
      a
      newly-formed wholly-owned Delaware subsidiary of Seller, Modigene Acquisition
      Corp. (“Acquisition Corp.”), are entering into an Agreement and Plan of Merger
      and Reorganization (the “Merger Agreement”) pursuant to which Acquisition Corp.
      merged with and into Modigene with Modigene being the surviving entity (the
      “Merger”), and the equity holders of Modigene received shares of common stock in
      Seller in exchange for their equity interests in Modigene;

    

    WHEREAS,
      the
      execution and delivery of this Agreement was required by Modigene as a condition
      to its execution of the Merger Agreement. The consummation of the purchase
      and
      sale transaction contemplated by this Agreement was also a condition to the
      completion of the Merger pursuant to the Merger Agreement. Seller has
      represented to Modigene in the Merger Agreement that the purchase and sale
      transaction contemplated by this Agreement would be consummated simultaneously
      with the consummation of the Merger, and Modigene relied on such representation
      in entering into the Merger Agreement;

    

    WHEREAS,
      Buyers
      desire to purchase the Units from Seller, and to assume, as between Seller
      and
      Buyers, all responsibilities for any debts, obligations and liabilities of
      LLC,
      on the terms and subject to the conditions specified in this Agreement;
      and

    

    WHEREAS,
      Seller
      desires to sell and transfer the Units to the Buyers, on the terms and subject
      to the conditions specified in this Agreement;

    

    NOW,
      THEREFORE,
      in
      consideration of the premises and the covenants, promises, and agreements herein
      set forth and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties hereto, intending
      legally to be bound, agree as follows.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      I.
        PURCHASE
        AND SALE OF STOCK.

    

     

    1.1 Purchased
      Units.
      Subject
      to the terms and conditions provided below, Seller shall sell and transfer
      to
      Buyers and Buyers shall purchase from Seller, on the Closing Date (as defined
      in
Section
      1.3),
      all
      the issued and outstanding Units of LLC.

     

    1.2 Purchase
      Price.
      The
      purchase price for the Units shall be the transfer and delivery by Buyers to
      Seller of all shares of common stock of Seller that Buyers own as set forth
      below (the “Purchase Price Shares”), deliverable as provided in Section
      2.2.

    

      
        	
                Conklin

              	
                13,968,253
                  Purchase Price Shares

              
	
                Duerr

              	
                10,476,190
                  Purchase Price Shares

              
	
                Sambrick

              	
                10,476,190
                  Purchase Price Shares

              

      

    

     

    1.3 Closing.
      The
      closing of the transactions contemplated in this Agreement (the “Closing”) shall
      take place as soon as practicable following the execution of this Agreement.
      The
      date on which the Closing occurs shall be referred to herein as the Closing
      Date
      (the “Closing Date”).

     

    
      II.
        CLOSING.

    

     

    2.1 Transfer
      of Units.
      At the
      Closing, Seller shall deliver to Buyers certificates or other evidence
      representing the Units, duly endorsed to Buyers or as directed by Buyers, in
      proportion to the Buyers’ respective ownership interest in the Purchase Price
      Shares, which delivery shall vest Buyers with good and marketable title to
      all
      of the issued and outstanding Units of LLC, free and clear of all liens and
      encumbrances.

     

    2.2 Payment
      of Purchase Price.
      At the
      Closing, Buyers shall deliver to Seller a certificate or certificates
      representing the Purchase Price Shares duly endorsed to Seller, which delivery
      shall vest Seller with good and marketable title to the Purchase Price Shares,
      free and clear of all liens and encumbrances.

     

    2.3 Transfer
      of Records.
      On or
      before the Closing, Seller shall arrange for transfer to LLC all existing
      corporate books and records in Seller’s possession relating to LLC and its
      business, including but not limited to all agreements, litigation files, real
      estate files, personnel files and filings with governmental agencies;
provided,
      however,
      when
      any such documents relate to both Seller and LLC, only copies of such documents
      need be furnished. On or before the Closing, Buyers and LLC shall transfer
      to
      Seller all existing corporate books and records in the possession of Buyers
      or
      LLC relating to Seller, including but not limited to all corporate minute books,
      stock ledgers, certificates and corporate seals of Seller and all agreements,
      litigation files, real property files, personnel files and filings with
      governmental agencies; provided,
      however,
      when
      any such documents relate to both Seller and LLC or its business, only copies
      of
      such documents need be furnished.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    
      III.
        BUYERS’
        REPRESENTATIONS AND WARRANTIES.
        Each
        Buyer represents and warrants to Seller and Modigene that:

    

     

    3.1 Capacity
      and Enforceability.
      Buyer
      has the legal capacity to execute and deliver this Agreement and the documents
      to be executed and delivered by Buyer at the Closing pursuant to the
      transactions contemplated hereby. This Agreement and all such documents
      constitute valid and binding agreements of Buyer, enforceable in accordance
      with
      their terms.

     

    3.2 Compliance.
      Neither
      the execution and delivery of this Agreement nor the consummation of the
      transactions contemplated hereby by Buyer will result in the breach of any
      term
      or provision of, or constitute a default under, or violate any agreement,
      indenture, instrument, order, law or regulation to which Buyer is a party or
      by
      which Buyer is bound.

     

    3.3 Purchase
      for Investment.
      Buyer
      is financially able to bear the economic risks of acquiring an interest in
      LLC
      and the other transactions contemplated hereby, and has no need for liquidity
      in
      this investment. Buyer has such knowledge and experience in financial and
      business matters in general and with respect to businesses of a nature similar
      to the business of LLC so as to be capable of evaluating the merits and risks
      of, and making an informed business decision with regard to, the acquisition
      of
      the Units. Buyer is acquiring the Units solely for its own account and not
      with
      a view to or for resale in connection with any distribution or public offering
      thereof, within the meaning of any applicable securities laws and regulations,
      unless such distribution or offering is registered under the Securities Act
      of
      1933, as amended (the “Securities Act”), or an exemption from such registration
      is available. Buyer has (i) received all the information it has deemed
      necessary to make an informed investment decision with respect to the
      acquisition of the Units; (ii) had an opportunity to make such
      investigation as it has desired pertaining to LLC and the acquisition of an
      interest therein and to verify the information which is, and has been, made
      available to him; and (iii) had the opportunity to ask questions of Seller
      concerning LLC. Buyer acknowledges that Buyer or an affiliate of Buyer is an
      officer and/or director of Seller and LLC and, as such, has actual knowledge
      of
      the business, operations and financial affairs of LLC. Buyer has received no
      public solicitation or advertisement with respect to the offer or sale of the
      Units. Buyer realizes that the Units are “restricted securities” as that term is
      defined in Rule 144 promulgated by the Securities and Exchange Commission under
      the Securities Act, the resale of the Units is restricted by federal and state
      securities laws and, accordingly, the Units must be held indefinitely unless
      their resale is subsequently registered under the Securities Act or an exemption
      from such registration is available for their resale. Buyer understands that
      any
      resale of the Units by him must be registered under the Securities Act (and
      any
      applicable state securities law) or be effected in circumstances that, in the
      opinion of counsel for LLC at the time, create an exemption or otherwise do
      not
      require registration under the Securities Act (or applicable state securities
      laws). Buyer acknowledges and consents that certificates now or hereafter issued
      for the Units will bear a legend substantially as follows:

     

    THE
      SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR QUALIFIED UNDER
      ANY APPLICABLE STATE SECURITIES LAWS (THE “STATE ACTS”), HAVE BEEN ACQUIRED FOR
      INVESTMENT AND MAY NOT BE SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED
      EXCEPT PURSUANT TO A REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND
      QUALIFICATION UNDER THE STATE ACTS OR EXEMPTIONS FROM SUCH REGISTRATION OR
      QUALIFICATION REQUIREMENTS (INCLUDING, IN THE CASE OF THE SECURITIES ACT, THE
      EXEMPTIONS AFFORDED BY SECTION 4(1) OF THE SECURITIES ACT AND RULE 144
      THEREUNDER). AS A PRECONDITION TO ANY SUCH TRANSFER, THE ISSUER OF THESE
      SECURITIES SHALL BE FURNISHED WITH AN OPINION OF COUNSEL OPINING AS TO THE
      AVAILABILITY OF EXEMPTIONS FROM SUCH REGISTRATION AND QUALIFICATION AND/OR
      SUCH
      OTHER EVIDENCE AS MAY BE SATISFACTORY THERETO THAT ANY SUCH TRANSFER WILL NOT
      VIOLATE THE SECURITIES LAWS.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    Buyer
      understands that the Units are being sold to it pursuant to the exemption from
      registration contained in Section 4(1) of the Securities Act and that the Seller
      is relying upon the representations made herein as one of the bases for claiming
      the Section 4(1) exemption. 

     

    3.4 Liabilities.
      Following the Closing, Seller will have no liability for any debts, liabilities
      or obligations of LLC or its business or activities, and there are no
      outstanding guaranties, performance or payment bonds, letters of credit or
      other
      contingent contractual obligations that have been undertaken by Seller directly
      or indirectly in relation to LLC or its business and that may survive the
      Closing. 

     

    3.5 Title
      to Purchase Price Shares.
      Buyer
      is the sole record and beneficial owner of the Purchase Price Shares. At
      Closing, Buyer will have good and marketable title to the Purchase Price Shares,
      which Purchase Price Shares are, and at the Closing will be, free and clear
      of
      all options, warrants, pledges, claims, liens, and encumbrances and any
      restrictions or limitations prohibiting or restricting transfer to Seller,
      except for restrictions on transfer as contemplated by applicable securities
      laws. 

     

    
      IV.
        SELLER’S
        REPRESENTATIONS AND WARRANTIES.
        Seller
        represents and warrants to LLC and Buyers that:

    

     

    4.1 Organization
      and Good Standing.
      Seller
      is a corporation duly incorporated, validly existing, and in good standing
      under
      the laws of the State of Nevada. 

     

    4.2 Authority
      and Enforceability.
      The
      execution and delivery of this Agreement and the documents to be executed and
      delivered at the Closing pursuant to the transactions contemplated hereby,
      and
      performance in accordance with the terms hereof and thereof, have been duly
      authorized by Seller and all such documents constitute the valid and binding
      agreements of Seller enforceable in accordance with their terms.

     

    4.3 Title
      to Units.
      Seller
      is the sole record and beneficial owner of the Units. At Closing, Seller will
      have good and marketable title to the Units, which Units are, and at the Closing
      will be, free and clear of all options, warrants, pledges, claims, liens and
      encumbrances, and any restrictions or limitations prohibiting or restricting
      transfer to Buyers, except for restrictions on transfer as contemplated by
      Section
      3.3
      above.
      The Units constitute all of the issued and outstanding membership units of
      LLC.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    4.4 [intentionally
      omitted]

     

    
      V.
        LLC’S
        REPRESENTATIONS AND WARRANTIES.
        LLC
        represents and warrants to Seller and Buyers that:

    

     

    5.1 Organization
      and Good Standing.
      LLC is
      a North Carolina limited liability company.

    

    5.2 Authority
      and Enforceability.
      The
      execution and delivery of this Agreement and the documents to be executed and
      delivered at the Closing pursuant to the transactions contemplated hereby,
      and
      performance in accordance with the terms hereof and thereof, have been duly
      authorized by LLC and all such documents constitute the valid and binding
      agreements of LLC enforceable in accordance with their terms

    

    5.3 Representations
      in Merger Agreement.
      LLC
      represents and warrants that all of the representations and warranties by
      Seller, insofar as they relate to LLC, contained in the Merger Agreement are
      true and correct.

    

    
      VI.
        OBLIGATIONS
        OF BUYERS PENDING CLOSING.
        Each
        Buyer covenants and agrees that between the date hereof and the
        Closing:

    

     

    6.1 Not
      Impair Performance.
      Buyer
      shall not take any intentional action that would cause the conditions upon
      the
      obligations of the parties hereto to effect the transactions contemplated hereby
      not to be fulfilled, including, without limitation, taking or causing to be
      taken any action that would cause the representations and warranties made by
      any
      party herein not to be true, correct and accurate as of the Closing, or in
      any
      way impairing the ability of Seller to satisfy its obligations as provided
      in
Article
      VII.

     

    6.2 Assist
      Performance.
      Buyer
      shall exercise its reasonable best efforts to cause to be fulfilled those
      conditions precedent to Seller’s obligations to consummate the transactions
      contemplated hereby which are dependent upon actions of Buyer and to make and/or
      obtain any necessary filings and consents in order to consummate the sale
      transaction contemplated by this Agreement.

     

    
      VII.
        OBLIGATIONS
        OF SELLER PENDING CLOSING.
        Seller
        covenants and agrees that between the date hereof and the
        Closing:

    

     

    7.1 
      Business as Usual.
      LLC
      shall operate and Seller shall cause LLC to operate in accordance with past
      practices and shall use commercially reasonable efforts to preserve its goodwill
      and the goodwill of its employees, customers and others having business dealings
      with LLC. Without limiting the generality of the foregoing, from the date of
      this Agreement until the Closing Date, LLC shall (a) make all normal and
      customary repairs to its equipment, assets and facilities, (b) keep in
      force all insurance, (c) preserve in full force and effect all material
      franchises, licenses, contracts and real property interests and comply in all
      material respects with all laws and regulations, (d) collect all accounts
      receivable and pay all trade creditors in the ordinary course of business at
      intervals historically experienced, and (e) preserve and maintain LLC’s
      assets in their current operating condition and repair, ordinary wear and tear
      excepted. LLC shall not (i) amend, terminate or surrender any material
      franchise, license, contract or real property interest, or (ii) sell or
      dispose of any of its assets except in the ordinary course of business. Neither
      LLC nor Buyers shall take or omit to take any action that results in Seller
      incurring any liability or obligation prior to or in connection with the
      Closing.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    7.2 Not
      Impair Performance.
      Seller
      shall not take any intentional action that would cause the conditions upon
      the
      obligations of the parties hereto to effect the transactions contemplated hereby
      not to be fulfilled, including, without limitation, taking or causing to be
      taken any action which would cause the representations and warranties made
      by
      any party herein not to be materially true, correct and accurate as of the
      Closing, or in any way impairing the ability of Buyers to satisfy their
      obligations as provided in Article
      VI.

     

    7.3 Assist
      Performance.
      Seller
      shall exercise its reasonable best efforts to cause to be fulfilled those
      conditions precedent to Buyers’ obligations to consummate the transactions
      contemplated hereby which are dependent upon the actions of Seller and to work
      with Buyers to make and/or obtain any necessary filings and consents. Seller
      shall cause LLC to comply with its obligations under this
      Agreement.

     

    VIII. SELLER’S
      CONDITIONS PRECEDENT TO CLOSING.
      The
      obligations of Seller and LLC to close the transactions contemplated by this
      Agreement are subject to the satisfaction at or prior to the Closing of each
      of
      the following conditions precedent (any or all of which may be waived by Seller
      and Modigene in writing):

     

    8.1 Representations
      and Warranties; Performance.
      All
      representations and warranties of Buyers and the LLC contained in this Agreement
      shall have been true and correct, in all material respects, when made and shall
      be true and correct, in all material respects, at and as of the Closing, with
      the same effect as though such representations and warranties were made at
      and
      as of the Closing. Buyers and LLC shall have performed and complied with all
      covenants and agreements and satisfied all conditions, in all material respects,
      required by this Agreement to be performed or complied with or satisfied by
      Buyers and LLC at or prior to the Closing.

     

    8.2 Additional
      Documents.
      Buyers
      shall deliver or cause to be delivered such additional documents as may be
      necessary in connection with the consummation of the transactions contemplated
      by this Agreement and the performance of their obligations
      hereunder.

     

    8.3 Release
      by LLC.
      At the
      Closing, each of the Buyers and LLC shall execute and deliver to Seller and
      Modigene a general release which in substance and effect releases Seller and
      Modigene from any and all liabilities and obligations that Seller and Modigene
      may owe to LLC or Buyers in any capacity and from any and all claims that LLC
      or
      Buyers may have against Seller, Modigene, or their respective managers, members,
      officers, directors, stockholders, employees and agents (other than those
      arising pursuant to this Agreement or any document delivered in connection
      with
      this Agreement).

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    IX. BUYERS’
      CONDITIONS PRECEDENT TO CLOSING.
      The
      obligation of Buyers to close the transactions contemplated by this Agreement
      is
      subject to the satisfaction at or prior to the Closing of each of the following
      conditions precedent (any and all of which may be waived by Buyers in
      writing):

     

    9.1 Representations
      and Warranties; Performance.
      All
      representations and warranties of Seller and LLC contained in this Agreement
      shall have been true and correct, in all material respects, when made and shall
      be true and correct, in all material respects, at and as of the Closing with
      the
      same effect as though such representations and warranties were made at and
      as of
      the Closing. Seller and LLC shall have performed and complied with all covenants
      and agreements and satisfied all conditions, in all material respects, required
      by this Agreement to be performed or complied with or satisfied by them at
      or
      prior to the Closing.

     

    X. OTHER
      AGREEMENTS.

     

    10.1 Expenses.
      Each
      party hereto shall bear its expenses separately incurred in connection with
      this
      Agreement and with the performance of its obligations hereunder.

     

    10.2 Confidentiality.
      The
      parties hereto shall not make any public announcements concerning this
      transaction other than in accordance with mutual agreement reached prior to
      any
      such announcement(s) and other than as may be required by applicable law or
      judicial process. If for any reason the transactions contemplated hereby are
      not
      consummated, then Buyers shall return any information received by Buyers from
      Seller or LLC, and Buyers shall cause all confidential information obtained
      by
      Buyers concerning Seller, LLC and its business to be treated as
      such.

     

    10.3 Brokers’
      Fees.
      No
      party to this Agreement has employed the services of a broker and each agrees
      to
      indemnify the other against all claims of any third parties for fees and
      commissions of any brokers claiming a fee or commission related to the
      transactions contemplated hereby.

     

    10.4 Access
      to Information Post-Closing; Cooperation.
      

     

    (a) Following
      the Closing, Buyers and LLC shall afford to Seller and its authorized
      accountants, counsel, and other designated representatives reasonable access
      (and including using reasonable efforts to give access to persons or firms
      possessing information) and duplicating rights during normal business hours
      to
      allow records, books, contracts, instruments, computer data and other data
      and
      information (collectively, “Information”) within the possession or control of
      Buyers or LLC insofar as such access is reasonably required by Seller.
      Information may be requested under this Section
      10.4(a)
      for,
      without limitation, audit, accounting, claims, litigation and tax purposes,
      as
      well as for purposes of fulfilling disclosure and reporting obligations and
      performing this Agreement and the transactions contemplated hereby. No files,
      books or records of LLC existing at the Closing Date shall be destroyed by
      Buyers or LLC after Closing but prior to the expiration of any period during
      which such files, books or records are required to be maintained and preserved
      by applicable law without giving the Seller at least 30 days’ prior written
      notice, during which time Seller shall have the right to examine and to remove
      and retain any such files, books and records prior to their
      destruction.

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    (b) Following
      the Closing, Seller shall afford to LLC and its authorized accountants, counsel
      and other designated representatives reasonable access (including using
      reasonable efforts to give access to persons or firms possessing information)
      duplicating rights during normal business hours to Information within Seller’s
      possession or control relating to the business of LLC. Information may be
      requested under this Section
      10.4(b)
      for,
      without limitation, audit, accounting, claims, litigation and tax purposes
      as
      well as for purposes of fulfilling disclosure and reporting obligations and
      for
      performing this Agreement and the transactions contemplated hereby. No files,
      books or records of LLC existing at the Closing Date shall be destroyed by
      Seller after Closing but prior to the expiration of any period during which
      such
      files, books or records are required to be maintained and preserved by
      applicable law without giving the Buyer at least 30 days prior written notice,
      during which time Buyers shall have the right to examine and to remove and
      retain any such files, books and records prior to their
      destruction.

     

    (c) At
      all
      times following the Closing, Seller, Buyers and LLC shall use reasonable efforts
      to make available to the other party on written request, the current and former
      officers, directors, employees and agents of Seller or LLC for any of the
      purposes set forth in Section
      10.4(a) or (b)
      above or
      as witnesses to the extent that such persons may reasonably be required in
      connection with any legal, administrative or other proceedings in which Seller
      or LLC may from time to be involved.

     

    (d) The
      party
      to whom any Information or witnesses are provided under this Section
      10.4
      shall
      reimburse the provider thereof for all out-of-pocket expenses actually and
      reasonably incurred in providing such Information or witnesses.

     

    (e) Seller,
      Buyers, LLC and their respective employees and agents shall each hold in strict
      confidence all Information concerning the other party in their possession or
      furnished by the other or the other’s representative pursuant to this Agreement
      with the same degree of care as such party utilizes as to such party’s own
      confidential information (except to the extent that such Information is
      (i) in the public domain through no fault of such party or (ii) later
      lawfully acquired from any other source by such party), and each party shall
      not
      release or disclose such Information to any other person, except such party’s
      auditors, attorneys, financial advisors, bankers, other consultants and advisors
      or persons with whom such party has a valid obligation to disclose such
      Information, unless compelled to disclose such Information by judicial or
      administrative process or, as advised by its counsel, by other requirements
      of
      law.

     

    (f) Seller,
      Buyers and LLC shall each use their best efforts to forward promptly to the
      other party all notices, claims, correspondence and other materials which are
      received and determined to pertain to the other party.

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

     

    10.5 Guarantees,
      Surety Bonds and Letter of Credit Obligations.
      In the
      event that Seller is obligated for any debts, obligations or liabilities of
      LLC
      by virtue of any outstanding guarantee, performance or surety bond or letter
      of
      credit provided or arranged by Seller on or prior to the Closing Date, Buyers
      and LLC shall use best efforts to cause to be issued replacements of such bonds,
      letters of credit and guarantees and to obtain any amendments, novations,
      releases and approvals necessary to release and discharge fully Seller from
      any
      liability thereunder following the Closing. Buyers and LLC, jointly and
      severally, shall be responsible for, and shall indemnify, hold harmless and
      defend Seller from and against, any costs or losses incurred by Seller arising
      from such bonds, letters of credits and guarantees and any liabilities arising
      therefrom and shall reimburse Seller for any payments that Seller may be
      required to pay pursuant to enforcement of its obligations relating to such
      bonds, letters of credit and guarantees.

     

    10.6 Filings
      and Consents.
      Buyers,
      at their risk, shall determine what, if any, filings and consents must be made
      and/or obtained prior to Closing to consummate the purchase and sale of the
      Units. Buyers shall indemnify the Seller Indemnified Parties (as defined in
      Section
      12.1
      below)
      against any Losses (as defined in Section
      12.1
      below)
      incurred by any Seller Indemnified Parties by virtue of the failure to make
      and/or obtain any such filings or consents. Recognizing that the failure to
      make
      and/or obtain any filings or consents may cause Seller to incur Losses or
      otherwise adversely affect Seller, Buyers and LLC confirm that the provisions
      of
      this Section
      9.6
      will not
      limit Seller’s right to treat such failure as the failure of a condition
      precedent to Seller’s obligation to close pursuant to Article
      VIII
      above.

     

    10.7 Insurance.
      Buyers
      acknowledges that on the Closing Date, effective as of the Closing, all
      insurance coverage and bonds provided by Seller for LLC, and all certificates
      of
      insurance evidencing that LLC maintains any required insurance by virtue of
      insurance provided by Seller, will terminate with respect to any insured damages
      resulting from matters occurring subsequent to Closing. 

     

    10.8 Agreements
      Regarding Taxes.
      

     

    (a)
      [intentionally omitted]

     

    (b)
      [intentionally omitted]

     

    (c)
      [intentionally omitted]

     

    (d)
      Cooperation
      on Tax Matters.
      Buyers,
      Seller and LLC shall cooperate fully, as and to the extent reasonably requested
      by the other party, in connection with the filing of tax returns pursuant to
      this Section and any audit, litigation or other proceeding with respect to
      taxes. Such cooperation shall include the retention and (upon the other party’s
      request) the provision of records and information which are reasonably relevant
      to any such audit, litigation or other proceeding and making employees available
      on a mutually convenient basis to provide additional information and explanation
      of any material provided hereunder. LLC shall (i) retain all books and
      records with respect to tax matters pertinent to LLC relating to any taxable
      period beginning before the Closing Date until the expiration of the statute
      of
      limitations (and, to the extent notified by Seller, any extensions thereof)
      of
      the respective taxable periods, and to abide by all record retention agreements
      entered into with any taxing authority, and (ii) give Seller reasonable
      written notice prior to transferring, destroying or discarding any such books
      and records and, if the Seller so requests, Buyers agree to cause LLC to allow
      Seller to take possession of such books and records.

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

     

    10.9 ERISA.
      Effective as of the Closing Date, LLC shall terminate its participation in,
      and
      withdraw from, all employee benefit plans sponsored by Seller, and Seller and
      Buyers shall cooperate fully in such termination and withdrawal. Without
      limitation, LLC shall be solely responsible for (i) all liabilities under
      those employee benefit plans notwithstanding any status as an employee benefit
      plan sponsored by Seller, and (ii) all liabilities for the payment of
      vacation pay, severance benefits, and similar obligations, including, without
      limitation, amounts which are accrued but unpaid as of the Closing Date with
      respect thereto. Buyers and LLC acknowledge that LLC is solely responsible
      for
      providing continuation health coverage, as required under the Consolidated
      Omnibus Reconciliation Act of 1985, as amended (“COBRA”), to each person, if
      any, participating in an employee benefit plan subject to COBRA with respect
      to
      such employee benefit plan as of the Closing Date, including, without
      limitation, any person whose employment with LLC is terminated after the Closing
      Date.

     

    XI. TERMINATION.
      This
      Agreement may be terminated at, or at any time prior to, the Closing by mutual
      written consent of Seller, Buyers and Modigene.

     

    If
      this
      Agreement is terminated as provided herein, it shall become wholly void and
      of
      no further force and effect and there shall be no further liability or
      obligation on the part of any party except to pay such expenses as are required
      of such party.

     

    XII. INDEMNIFICATION.

     

    12.1 Indemnification
      by Buyers.
      Buyers
      and, after the Closing, LLC covenant and agree to jointly and severally
      indemnify, defend, protect and hold harmless Seller, Modigene and their
      respective officers, directors, employees, stockholders, agents, representatives
      and affiliates (collectively, together with Seller, the “Seller Indemnified
      Parties”) at all times from and after the date of this Agreement from and
      against all losses, liabilities, damages, claims, actions, suits, proceedings,
      demands, assessments, adjustments, costs and expenses (including specifically,
      but without limitation, reasonable attorneys’ fees and expenses of
      investigation), whether or not involving a third party claim and regardless
      of
      any negligence of any Seller Indemnified Party (collectively, “Losses”),
      incurred by any Seller Indemnified Party as a result of or arising from
      (i) any breach of the representations and warranties of any Buyer set forth
      herein or in certificates delivered in connection herewith, (ii) any breach
      or nonfulfillment of any covenant or agreement (including any other agreement
      of
      any Buyer to indemnify Seller set forth in this Agreement) on the part of any
      Buyer under this Agreement, (iii) any debt, liability or obligation of LLC,
      (iv) the conduct and operations of the business of LLC whether before or
      after Closing, (v) claims asserted against LLC whether before or after
      Closing, or (vi) any federal or state income tax payable by Seller and
      attributable to the business or operations of the LLC or the transaction
      contemplated by this Agreement.

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

     

    12.2 Third
      Party Claims.

     

    (a) Defense.
      If any
      claim or liability should be asserted against any of the Seller Indemnified
      Parties (the “Indemnitee”) by a third party (a “Third-Party Claim”) after the
      Closing for which Buyers have an indemnification obligation under the terms
      of
Section
      12.1,
      then
      the Indemnitee shall notify Buyers and LLC (collectively referred to as the
      “Indemnitor”) within 20 days after the Third-Party Claim is asserted by a third
      party (said notification being referred to as a “Claim Notice”) and give the
      Indemnitor a reasonable opportunity to take part in any examination of the
      books
      and records of the Indemnitee relating to such Third-Party Claim and to assume
      the defense of such Third-Party Claim and in connection therewith and to conduct
      any proceedings or negotiations relating thereto and necessary or appropriate
      to
      defend the Indemnitee and/or settle the Claim. The expenses (including
      reasonable attorneys’ fees) of all negotiations, proceedings, contests, lawsuits
      or settlements with respect to any Third-Party Claim shall be borne by the
      Indemnitor. If the Indemnitor agrees to assume the defense of any Third-Party
      Claim in writing within 20 days after the Claim Notice of such Third-Party
      Claim
      has been delivered, through counsel reasonably satisfactory to Indemnitee,
      then
      the Indemnitor shall be entitled to control the conduct of such defense, and
      any
      decision to settle such Third-Party Claim, and shall be responsible for any
      expenses of the Indemnitee in connection with the defense of such Third-Party
      Claim so long as the Indemnitor continues such defense until the final
      resolution of such Third-Party Claim. The Indemnitor shall be responsible for
      paying all settlements made or judgments entered with respect to any Third-Party
      Claim the defense of which has been assumed by the Indemnitor. Except as
      provided on subsection (b) below, both the Indemnitor and the Indemnitee must
      approve any settlement of a Third Party Claim. A failure by the Indemnitee
      to
      timely give the Claim Notice shall not excuse Indemnitor from any
      indemnification liability except only to the extent that the Indemnitor is
      materially and adversely prejudiced by such failure.

     

    (b) Failure
      to Defend.
      If the
      Indemnitor shall not agree to assume the defense of any Third-Party Claim in
      writing within 20 days after the Claim Notice of such Third-Party Claim has
      been
      delivered, or shall fail to continue such defense until the final resolution
      of
      such Third-Party Claim, then the Indemnitee may defend against such Third-Party
      Claim in such manner as it may deem appropriate and the Indemnitee may settle
      such Third-Party Claim on such terms as it may deem appropriate. The Indemnitor
      shall promptly reimburse the Indemnitee for the amount of all settlement
      payments and expenses, legal and otherwise, incurred by the Indemnitee in
      connection with the defense or settlement of such Third-Party Claim. If no
      settlement of such Third-Party Claim is made, then the Indemnitor shall satisfy
      any judgment rendered with respect to such Third-Party Claim before the
      Indemnitee is required to do so, and pay all expenses, legal or otherwise,
      incurred by the Indemnitee in the defense against such Third-Party
      Claim.

     

    12.3 Non-Third-Party
      Claims.
      Upon
      discovery of any claim for which Buyers have an indemnification obligation
      under
      the terms of Section
      12.1
      which
      does not involve a Third Party Claim, the Indemnitee shall give prompt notice
      to
      Buyers of such claim and, in any case, shall give Buyers such notice within
      30
      days of such discovery. A failure by Indemnitee to timely give the foregoing
      notice to Buyers shall not excuse Buyers from any indemnification liability
      except to the extent that Buyers are materially and adversely prejudiced by
      such
      failure.

     

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

     

    12.4 Survival.
      Except
      as otherwise provided in this Section
      12.4,
      all
      representations and warranties made by Buyers, LLC and Seller in connection
      with
      this Agreement shall survive the Closing. Anything in this Agreement to the
      contrary notwithstanding, the liability of all Indemnitors under this
Article
      XII
      shall
      terminate on the third (3rd)
      anniversary of the Closing Date, except with respect to (a) liability for
      any item as to which, prior to the third (3rd)
      anniversary of the Closing Date, any Indemnitee shall have asserted a Claim
      in
      writing, which Claim shall identify its basis with reasonable specificity,
      in
      which case the liability for such Claim shall continue until it shall have
      been
      finally settled, decided or adjudicated, (b) liability of any party for
      Losses for which such party has an indemnification obligation, incurred as
      a
      result of such party’s breach of any covenant or agreement to be performed by
      such party after the Closing, (c) liability of Buyers and LLC for Losses
      incurred by a Seller Indemnified Party due to breaches of their representations
      and warranties in Article
      III
      or
Article
      V
      of this
      Agreement, and (d) liability of Buyers and LLC for Losses arising out of
      Third-Party Claims for which Buyers and LLC have an indemnification obligation,
      which liability shall survive until the statute of limitation applicable to
      any
      third party’s right to assert a Third-Party Claim bars assertion of such
      claim.

     

    XIII. MISCELLANEOUS.

     

    13.1 Notices.
      All
      notices and communications required or permitted hereunder shall be in writing
      and deemed given when received by means of the United States mail, addressed
      to
      the party to be notified, postage prepaid and registered or certified with
      return receipt requested, or personal delivery, or overnight courier, as
      follows:

     

    
      	
            	(a)	
              If
                to Seller, addressed to:

            

    

     

    Modigene
      Inc.

    8000
      Towers Crescent Drive, Suite 1300

    Vienna,
      VA 22182

    Attn:
      Abraham Havron, Chief Executive Officer

    Facsimile:
      703-288-0070

    

    With
      a
      copy to (which shall not constitute notice hereunder):

    

    If
      on
      or before May 31, 2007:

    

    Barack
      Ferrazzano Kirschbaum Perlman & Nagelberg LLP

    333
      West
      Wacker Drive, Suite 2700

    Chicago,
      IL, 60606

    Attn:
      Gretchen Trofa, Esq.

    Facsimile:
      (312) 984-3150

    

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

    

    If
      after May 31, 2007:

    

    Barack
      Ferrazzano Kirschbaum & Nagelberg LLP

    200
      West
      Madison, Suite 3900

    Chicago,
      IL 60606

    Attn:
      Gretchen Trofa, Esq.

    Facsimile:
      (312) 984-3150

    

    
      	
            	(b)	
              If
                to Buyers or LLC, addressed to:

            

    

     

    4944
      Windy Hill Dr.

    Raleigh,
      NC 27587

    Attn:
      Sandra Conklin

    Facsimile:
      (919) 855-9300

    

    With
      a
      copy to (which shall not constitute notice hereunder):

     

    Anslow
      & Jaclin, LLP

    195
      Route
      9 South, Suite 204

    Manalapan,
      NJ 07726

    Attention:
      Gregg E. Jaclin, Esq.

    Facsimile:
      (732) 577-1188

    

    
      	
            	(c)	
              If
                to Modigene, addressed to:

            

    

     

    Modigene
      Inc.

    8000
      Towers Crescent Drive, Suite 1300

    Vienna,
      VA 22182

    Attn:
      Abraham Havron, Chief Executive Officer

    Facsimile:
      703-288-0070

    

    With
      a
      copy to (which shall not constitute notice hereunder):

    

    If
      on
      or before May 31, 2007:

    

    Barack
      Ferrazzano Kirschbaum Perlman & Nagelberg LLP

    333
      West
      Wacker Drive, Suite 2700

    Chicago,
      IL, 60606

    Attn:
      Gretchen Trofa, Esq.

    Facsimile:
      (312) 984-3150

    

    If
      after May 31, 2007:

    

    Barack
      Ferrazzano Kirschbaum & Nagelberg LLP

    200
      West
      Madison, Suite 3900

    Chicago,
      IL 60606

    Attn:
      Gretchen Trofa, Esq.

    Facsimile:
      (312) 984-3150

    

    or
      to
      such other address as any party hereto shall specify pursuant to this
Section
      13.1
      from
      time to time.

     

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

     

    13.2 Exercise
      of Rights and Remedies.
      Except
      as otherwise provided herein, no delay of or omission in the exercise of any
      right, power or remedy accruing to any party as a result of any breach or
      default by any other party under this Agreement shall impair any such right,
      power or remedy, nor shall it be construed as a waiver of or acquiescence in
      any
      such breach or default, or of any similar breach or default occurring later;
      nor
      shall any waiver of any single breach or default be deemed a waiver of any
      other
      breach or default occurring before or after that waiver.

     

    13.3 Time.
      Time is
      of the essence with respect to this Agreement.

     

    13.4 Reformation
      and Severability.
      In case
      any provision of this Agreement shall be invalid, illegal or unenforceable,
      it
      shall, to the extent possible, be modified in such manner as to be valid, legal
      and enforceable but so as to most nearly retain the intent of the parties,
      and
      if such modification is not possible, such provision shall be severed from
      this
      Agreement, and in either case the validity, legality and enforceability of
      the
      remaining provisions of this Agreement shall not in any way be affected or
      impaired thereby.

     

    13.5 Further
      Acts.
      Seller,
      Buyers and LLC shall execute any and all documents and perform such other acts
      which may be reasonably necessary to effectuate the purposes of this
      Agreement.

     

    13.6 Entire
      Agreement; Amendments.
      This
      Agreement contains the entire understanding of the parties relating to the
      subject matter contained herein. This Agreement cannot be amended or changed
      except through a written instrument signed by all of the parties hereto,
      including Modigene. No provisions of this Agreement or any rights hereunder
      may
      be waived by any party without the prior written consent of
      Modigene.

     

    13.7 Assignment.
      No
      party may assign its rights or obligations hereunder, in whole or in part,
      without the prior written consent of the other parties.

     

    13.8 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York, without giving effect to principles of conflicts or choice
      of
      laws thereof.

     

    13.9 Counterparts.
      This
      Agreement may be executed in one or more counterparts, with the same effect
      as
      if all parties had signed the same document. Each such counterpart shall be
      an
      original, but all such counterparts taken together shall constitute a single
      agreement. In the event that any signature is delivered by facsimile
      transmission, such signature shall create a valid and binding obligation of
      the
      party executing (or on whose behalf such signature is executed) the same with
      the same force and effect as if such facsimile signature page was an original
      thereof.

     

    
      
        
        

      

      
        -14-

        
          

        

      

      
        
        

      

    

     

    13.10 Section
      Headings and Gender.
      The
      Section headings used herein are inserted for reference purposes only and shall
      not in any way affect the meaning or interpretation of this Agreement. All
      personal pronouns used in this Agreement shall include the other genders,
      whether used in the masculine, feminine or neuter, and the singular shall
      include the plural, and vice
      versa,
      whenever and as often as may be appropriate.

     

    13.11 Specific
      Performance; Remedies.
      Each of
      Seller, Buyers and LLC acknowledges and agrees that Modigene would be damaged
      irreparably if any provision of this Agreement is not performed in accordance
      with its specific terms or is otherwise breached. Accordingly, each of Seller,
      Buyers and LLC agrees that Modigene will be entitled to seek an injunction
      or
      injunctions to prevent breaches of the provisions of this Agreement and to
      enforce specifically this Agreement and its terms and provisions in any action
      instituted in any court of the United States or any state thereof having
      jurisdiction over the parties and the matter, subject to Section
      13.8,
      in
      addition to any other remedy to which they may be entitled, at law or in equity.
      Except as expressly provided herein, the rights, obligations and remedies
      created by this Agreement are cumulative and in addition to any other rights,
      obligations or remedies otherwise available at law or in equity, and nothing
      herein will be considered an election of remedies.
      

     

    13.12 Submission
      to Jurisdiction; Process Agent; No Jury Trial.

     

    (a) Each
      party to the Agreement hereby submits to the jurisdiction of any state or
      federal court sitting in the State of New York, in any action arising out of
      or
      relating to this Agreement and agrees that all claims in respect of the action
      may be heard and determined in any such court. Each party to the Agreement
      also
      agrees not to bring any action arising out of or relating to this Agreement
      in
      any other court. Each party to the Agreement agrees that a final judgment in
      any
      action so brought will be conclusive and may be enforced by action on the
      judgment or in any other manner provided at law or in equity. Each party to
      the
      Agreement waives any defense of inconvenient forum to the maintenance of any
      action so brought and waives any bond, surety, or other security that might
      be
      required of any other Party with respect thereto.

     

    (b) EACH
      PARTY TO THE AGREEMENT HEREBY AGREES TO WAIVE ITS RIGHTS TO JURY TRIAL OF ANY
      DISPUTE BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OTHER AGREEMENTS
      RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT OR ANY DEALINGS AMONG THEM
      RELATING TO THE TRANSACTIONS CONTEMPLATED HEREBY. The scope of this waiver
      is
      intended to be all encompassing of any and all actions that may be filed in
      any
      court and that relate to the subject matter of the transactions, including,
      contract claims, tort claims, breach of duty claims, and all other common law
      and statutory claims. Each party to the Agreement hereby acknowledges that
      this
      waiver is a material inducement to enter into a business relationship and that
      they will continue to rely on the waiver in their related future dealings.
      Each
      party to the Agreement further represents and warrants that it has reviewed
      this
      waiver with its legal counsel, and that each knowingly and voluntarily waives
      its jury trial rights following consultation with legal counsel. NOTWITHSTANDING
      ANYTHING TO THE CONTRARY HEREIN, THIS WAIVER IS IRREVOCABLE, MEANING THAT IT
      MAY
      NOT BE MODIFIED ORALLY OR IN WRITING, AND THE WAIVER WILL APPLY TO ANY
      AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO
      ANY
      OTHER DOCUMENTS OR AGREEMENTS RELATING HERETO. In the event of commencement
      of
      any action, this Agreement may be filed as a written consent to trial by a
      court.

     

    
      
        
        

      

      
        -15-

        
          

        

      

      
        
        

      

    

     

    13.13 Construction.
      The
      parties hereto have participated jointly in the negotiation and drafting of
      this
      Agreement. If an ambiguity or question of intent or interpretation arises,
      this
      Agreement will be construed as if drafted jointly by the parties hereto and
      no
      presumption or burden of proof will arise favoring or disfavoring any party
      because of the authorship of any provision of this Agreement. Any reference
      to
      any federal, state, local, or foreign law will be deemed also to refer to law
      as
      amended and all rules and regulations promulgated thereunder, unless the context
      requires otherwise. The words “include,” “includes,” and “including” will be
      deemed to be followed by “without limitation.” The words “this Agreement,”
“herein,” “hereof,” “hereby,” “hereunder,” and words of similar import refer to
      this Agreement as a whole and not to any particular subdivision unless expressly
      so limited. The parties hereto intend that each representation, warranty, and
      covenant contained herein will have independent significance. If any party
      hereto has breached any representation, warranty, or covenant contained herein
      in any respect, the fact that there exists another representation, warranty
      or
      covenant relating to the same subject matter (regardless of the relative levels
      of specificity) which that party has not breached will not detract from or
      mitigate the fact that such party is in breach of the first representation,
      warranty, or covenant.

     

    [Signature
      page follows this page.]

     

    
      
        
        

      

      
        -16-

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties hereto have hereunto set their hands as of the day and year first above
      written.

     

    
      	 	
              SELLER:

            
	 	 	 
	 	
              MODIGENE
                INC.

            
	 
 	 
 	 
 
	
            	By: 	
            
	 	
              

              Name: Peter
                L. Coker

            
	 	
              Title:  President

            

    

     

     

    
      
        	 	
                
                  LLC:

                

              
	 	 	 
	 	
                
                  LIAISON
                    DESIGN GROUP, LLC

                

              
	 
 	 
 	 
 
	
              	By: 	
              
	 	
                

                
                  Name: Sandra
                    Conklin

                

              
	 	
                
                  Title  Managing
                    Director

                

              

      

    

    
       

       

      
        
          	 	
                  
                    BUYERS:

                  

                
	 	 	 
	 	 	 
	 	
                  
                    
                      

                      Sandra
                        Conklin

                    

                  

                
	 
 	 
 	 
 
	
                	
                  

                  Seamus
                    Duerr

                
	 	 	 

        

      

      
        	 	 	 
	 	
                SAMBRICK
                  COMMUNICATIONS, INC.

              
	 
 	 
 	 
 
	
              	
                
                  By:
                    

                

              	
              
	 	
                

                Name: Frank
                  Sambrick

              
	 	
                Title: President

              

      

       

       

    

    
      
        
          	 	
                  
                    
                      MODIGENE:

                    

                  

                
	 	 	 
	 	
                  
                    
                      MODIGENE
                        INC.

                    

                  

                
	 
 	 
 	 
 
	
                	By: 	
                
	 	
                  

                  
                    
                      Name: Abraham
                        Havron

                    

                  

                
	 	
                  
                    
                      Title:  Chief
                        Executive
                        Officer

                    

                  

                

        

      

    

     

    
      
        
        

      

      
        -17-

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