Document:

EXHIBIT 10.9

                                ESCROW AGREEMENT

         ESCROW AGREEMENT (this "AGREEMENT"), dated as of March 23, 2001, by and
among Alpha Venture Capital, Inc., a corporation organized and existing under
the laws of the Cook Islands (the "INVESTOR"), Struthers, Inc., a corporation
organized and existing under the laws of the State of Nevada (the "COMPANY") and
Dundee Securities Corporation, a corporation organized and existing under the
laws of Ontario, Canada and a member of the Investment Dealers Association, as
escrow agent (the "ESCROW AGENT").

                              W I T N E S S E T H:
                               - - - - - - - - - -

         WHEREAS, pursuant to a Common Stock Purchase Agreement dated as of
March 23, 2001 between the Company and the Investor (the "PURCHASE AGREEMENT"),
the Company and the Investor desire to have shares (the "ESCROW SHARES") of
common stock, par value $0.001 per share, of the Company (the "COMMON STOCK")
delivered to the Escrow Agent to hold, along with immediately available funds
for the purchase of the Common Stock (the "ESCROW FUNDS"), and the Escrow Agent
has agreed to receive, hold and redeliver the Escrow Shares and the Escrow
Funds, all upon the terms and subject to the conditions hereinafter set forth.
Capitalized terms used herein and not otherwise defined herein shall have the
respective meanings provided in the Purchase Agreement.

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

         1. Upon the execution of this Agreement, the Company shall deliver to
the Escrow Agent the Warrants and 218,000,000 shares of Common Stock in such
denominations as requested by the Investor to enable the Investor to purchase
all Put Shares and Warrant Shares issuable under the Purchase Agreement. On the
first (1st) Trading Day following any Put Date, the Investor shall deliver to
the Escrow Agent the Purchase Price for such Put in immediately available funds.

         2. The Escrow Agent shall promptly notify the Company in writing of
receipt of the Purchase Price for the Put Shares for the applicable Put. On the
Put Closing Date (the second (2nd) day following the Put Date), (a) the delivery
of the Purchase Price by the Investor and the certificate for such Put Shares
and the Warrants by the Company shall be deemed to constitute compliance with
the conditions precedent to the purchase and sale of the Common Stock pursuant
to the Purchase Agreement, unless otherwise notified in writing by the Investor
and the Company and (b) upon the joint written directions of the Company and the
Investor, the Escrow Agent shall release the relevant Escrow Funds to or upon
the order of the Company, and shall release the relevant Escrow Shares to the
Investor. If the Company and the Investor jointly notify the Escrow Agent that
on the relevant Put Closing Date that any conditions precedent to the
obligations of the Company or the Investor, as the case may be, under the
Purchase Agreement to be effected that date were not satisfied or waived, then
the Escrow Agent shall return the relevant Escrow Funds to the Investor and the

                                     -125-
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relevant Escrow Shares to the Company, unless otherwise directed by the Investor
or the Company. Prior to return of any Escrow Funds to the Investor, the
Investor shall furnish such tax reporting or other information as shall be
appropriate for the Escrow Agent to comply with applicable United States laws.
The Escrow Agent shall deposit all funds received hereunder in an account
controlled by the Escrow Agent.

         3.       The Escrow Agent shall deposit the Purchase Price with:

         Name: Dundee Securities Corporation Location: Suite 3424 Four Bentall
Centre, 1055 Dunsmuir Street, P.O. Box 49207, Vancouver, BC V7X 1K8 Account
Name: Alpha Venture Capital, Inc. / Struthers, Inc. transaction Account No.'s:
860022L and 860022M

         4. (a) The certificates for any Escrow Shares delivered to the Escrow
Agent pursuant hereto shall be deposited for safekeeping with the Escrow Agent
(the "ESCROW ACCOUNT"). During the Escrow Period (hereinafter defined), none of
such Escrow Shares deposited in the Escrow Account shall become the property of
the Investor or any other entity or be subject to the debts of the Investor or
any other entity except as expressly provided herein, and the Escrow Agent shall
neither make nor permit any disbursements or deliveries from the Escrow Account
except as expressly provided herein.

                  (b) The Escrow Period shall begin on the date of the Purchase
Agreement and shall continue until it expires pursuant to the Purchase
Agreement. Notwithstanding the foregoing, if any Escrow Shares remain in the
Escrow Account, all such Escrow Shares then remaining in the Escrow Account
shall be forwarded to the Company's transfer agent for the Common Stock within
five (5) business days thereafter upon written request given to the Escrow Agent
by the Company.

         5. The Company shall deliver to the Escrow Agent appropriate written
notice of any extension or amendment to the Agreement.

         6. The Escrow Agent's duties hereunder may be altered, amended,
modified or revoked only by a writing signed by the Company, the Investor and
the Escrow Agent.

         7. The Escrow Agent shall be obligated only for the performance of such
duties as are specifically set forth herein and may rely and shall be protected
in relying or refraining from acting on any instrument reasonably believed by
the Escrow Agent to be genuine and to have been signed or presented by the
proper party or parties. The Escrow Agent shall not be personally liable for any
act the Escrow Agent may do or omit to do hereunder as the Escrow Agent while
acting in good faith, and any act done or omitted by the Escrow Agent pursuant
to the written advice of the Escrow Agent's attorneys-at-law shall be conclusive
evidence of such good faith provided that such acts do not constitute gross
negligence or willful misconduct on the part of the Escrow Agent.

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<PAGE>

         8. The Escrow Agent is hereby expressly authorized to disregard any and
all written warnings given by any of the parties hereto or by any other person
or corporation, excepting only joint written notices or directions of the
Company and Investor or orders or process of courts of law and is hereby
expressly authorized to comply with and obey such joint written notices or
orders, judgments or decrees of any court. In case the Escrow Agent obeys or
complies with any such joint written notice or order, judgment or decree, the
Escrow Agent shall not be liable to any of the parties hereto or to any other
person, firm or corporation by reason of such decree being subsequently
reversed, modified, annulled, set aside, vacated or found to have been entered
without jurisdiction.

         9. The Escrow Agent shall not be liable in any respect on account of
the identity, authorities or rights of the parties executing or delivering or
purporting to execute or deliver the Purchase Agreement or any documents or
papers deposited or called for hereunder.

         10. In connection with any dispute or conflict that arises between the
Investor and the Company pursuant to this Agreement, the Escrow Agent shall be
entitled to employ such legal counsel and other experts as the Escrow Agent may
deem necessary to advise the Escrow Agent in connection with the Escrow Agent's
duties hereunder, may rely upon the written advice of such counsel, and may pay
such counsel reasonable compensation therefore, which compensation shall be
equally reimbursed by the Investor and the Company.

         11. The Escrow Agent's responsibilities as escrow agent hereunder shall
terminate if the Escrow Agent shall resign by written notice to the Company and
the Investor; provided that the Escrow Shares and Escrow Funds in control of the
Escrow Agent are delivered prior to the date of the Escrow Agent's resignation
to a substitute escrow agent selected by the Investor or in accordance with the
joint written directions from the Company and the Investor. In the event of any
such resignation, the Investor and the Company shall appoint a mutually
agreeable successor Escrow Agent.

         12. If the Escrow Agent reasonably requires other or further
instruments in connection with this Agreement or obligations in respect hereto,
the necessary parties hereto shall join in furnishing such instruments.

         13. It is understood and agreed that should any dispute arise between
the Company and the Investor with respect to the delivery and/or ownership or
right of possession of the documents, the Escrow Shares or the Escrow Funds held
by the Escrow Agent hereunder, the Escrow Agent shall retain the documents,
Escrow Shares or the Escrow Funds held by it for a period of thirty (30) days so
that the Investor and the Company may settle such dispute by a mutual written
agreement. If no mutual written agreement is agreed upon between the Investor
and the Company during such thirty (30) day period, the Escrow Agent is
authorized and directed in the Escrow Agent's sole discretion (a) to retain in
the Escrow Agent's possession without liability to anyone all or any part of
said documents, the Escrow Shares or the Escrow Funds until such disputes shall

                                     -127-
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have been settled either by mutual written agreement of the Investor and the
Escrow Agent or by a final order, decree or judgment of a court of competent
jurisdiction after the time for appeal has expired and no appeal has been
perfected, but the Escrow Agent shall be under no duty whatsoever to institute
or defend any such proceedings or (b) to deliver the Escrow Shares, the Escrow
Funds and any other property and documents held by the Escrow Agent hereunder to
a state or federal court having competent subject matter jurisdiction and
located in the City of New York and State of New York in accordance with the
applicable procedure therefore.

         14. The Company and the Investor agree jointly and severally to
indemnify and hold harmless the Escrow Agent and its officers, directors,
employees and agents from any and all claims, liabilities, costs or expenses in
any way arising from or relating to the duties or performance of the Escrow
Agent hereunder other than any such claim, liability, cost or expense to the
extent the same shall (a) have been tax obligations in connection with Escrow
Agent's fee hereunder, or (b) have been determined by final, unappealable
judgment or a judgment from which the time to appeal has been expired of a court
of competent jurisdiction to have resulted from the gross negligence or willful
misconduct of the Escrow Agent. It is understood and agreed that this
indemnification shall survive the termination or discharge of this agreement or
the resignation of the Escrow Agent.

         15. Any notice to the Investor or the Company required or permitted
hereunder shall be given in the manner provided in the Section headed "Notices"
in the Purchase Agreement, the terms of which are incorporated herein by
reference. Any notice to the Escrow Agent shall be addressed to Dundee
Securities Corporation, Suite 3424 Four Bentall Centre, 1055 Dunsmuir Street,
P.O. Box 49207, Vancouver, BC V7X 1K8, Attention: Chris Dabbs, Fax No.: (604)
642-0388.

         16. By signing this Agreement, the Escrow Agent becomes a party hereto
only for the purpose of this Agreement and the Escrow Agent does not become a
party to the Purchase Agreement. The Company and the Investor have become
parties hereto by their execution and delivery of the Purchase Agreement, as
provided therein.

         17. This instrument shall be binding upon and inure to the benefit of
the parties hereto, and their respective successors and permitted assigns and
shall be governed by the laws of the State of New York without giving effect to
principles governing the conflicts of laws. A facsimile transmission of this
instrument signed by the Escrow Agent shall be legal and binding on all parties
hereto.

         18. The rights and obligations of any party hereto are not assignable
without the written consent of the other parties hereto. This Agreement
constitutes the entire agreement amongst the parties with respect to the subject
matter hereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                     -128-
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         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by the undersigned, thereunto duly authorized, as of the date first set
forth above.

                           STRUTHERS, INC.

                           BY:___________________________
                              Name:
                              Title:

                            ALPHA VENTURE CAPITAL, INC.

                            By: __________________________
                                Name:
                                Title:

                           DUNDEE SECURITIES CORPORATION

                           By: __________________________
                               Name:
                               Title:

                                     -129-
<PAGE>

THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE HEREOF HAVE
NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION IN RELIANCE UPON
AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO
AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

                                 STRUTHERS, INC.

                         COMMON STOCK PURCHASE WARRANT A

                  1. ISSUANCE. In consideration of good and valuable
consideration, the receipt of which is hereby acknowledged by STRUTHERS, INC., a
Nevada corporation (the "Company"), ALPHA VENTURE CAPITAL, INC., or registered
assigns (the "Holder") is hereby granted the right to purchase at any time
commencing March 23, 2001 until 5:00 P.M., New York City time, on March 23, 2006
(the "Expiration Date"), ___________ fully paid and nonassessable shares of the
Company's Common Stock, par value $0.001 per share (the "Common Stock") at an
initial exercise price per share of an amount equal to $_____ [the lesser of (a)
ninety percent (90%) of the average of the five (5) closing bid prices following
January 3, 2001 or (b) ninety percent (90%) of the average of the five (5)
closing bid prices following the effective date of the Registration Statement]
(the "Exercise Price"), subject to further adjustment as set forth in Section 6
hereof.

                  2.       EXERCISE OF WARRANTS.

                  (a) This Warrant is exercisable in whole or in part at the
Exercise Price per share of Common Stock payable hereunder, payable in cash or
by certified or official bank check, or by "cashless exercise," by means of
tendering this Warrant to the Company to receive a number of shares of Common
Stock equal to the difference between the Market Value of the shares of Common
Stock issuable upon exercise of this Warrant and the product of the number of
shares issuable upon exercise and the Exercise Price, divided by the Market
Value Per Share. For example, if Holder receives a warrant to purchase 1,500,000
shares of Common Stock at an Exercise Price of $1.00 and decides to use the
"cashless exercise" method to exercise its option to purchase all 1,500,000
shares at a time when the Company's Common Stock has a Market Value Per Share of
$10.00, Holder would receive 1,350,000 shares of Common Stock upon exercise.
Upon surrender of this Warrant with the annexed Notice of Exercise Form duly
executed, together with payment of the Exercise Price for the shares of Common
Stock purchased, the Holder shall be entitled to receive a certificate or
certificates for the shares of Common Stock so purchased. For the purposes of
this Section 2, "Market Value" shall be an amount equal to the average closing
bid price of a share of Common Stock for the ten (10) days preceding the
Company's receipt of the Notice of Exercise Form duly executed multiplied by the
number of shares of Common Stock to be issued upon surrender of this Warrant,
and "Market Value Per Share" shall be an amount equal to the average closing bid
price of a share of Common Stock for the ten (10) days preceding the Company's
receipt of the duly executed Notice of Exercise Form.

                                     -130-
<PAGE>

                  (b) For purposes of Rule 144 promulgated under the Securities
Act, it is intended, understood and acknowledged that the Warrant Shares issued
in a cashless exercise transaction shall be deemed to have been acquired by the
Holder and the holding period for the Warrant Shares shall be deemed to have
been commenced on the issue date.

                  3. RESERVATION OF SHARES. The Company hereby agrees that at
all times during the term of this Warrant there shall be reserved for issuance
upon exercise of this Warrant such number of shares of its Common Stock as shall
be required for issuance upon exercise of this Warrant (the "Warrant Shares").

                  4. MUTILATION OR LOSS OF WARRANT. Upon receipt by the Company
of evidence satisfactory to it of the loss, theft, destruction or mutilation of
this Warrant, and (in the case of loss, theft or destruction) receipt of
reasonably satisfactory indemnification, and (in the case of mutilation) upon
surrender and cancellation of this Warrant, the Company will execute and deliver
a new Warrant of like tenor and date and any such lost, stolen, destroyed or
mutilated Warrant shall thereupon become void.

                  5. RIGHTS OF THE HOLDER. The Holder shall not, by virtue
hereof, be entitled to any rights of a stockholder in the Company, either at law
or equity, and the rights of the Holder are limited to those expressed in this
Warrant and are not enforceable against the Company except to the extent set
forth herein.

                  6.       PROTECTION AGAINST DILUTION.

                  6.1 ADJUSTMENT MECHANISM. If an adjustment of the Exercise
Price is required pursuant to this Section 6, the Holder shall be entitled to
purchase such number of additional shares of Common Stock as will cause (i) the
total number of shares of Common Stock Holder is entitled to purchase pursuant
to this Warrant, multiplied by (ii) the adjusted purchase price per share (the
"Adjusted Exercise Price"), to equal (iii) the total number of shares of Common
Stock Holder is entitled to purchase before adjustment multiplied by the
Exercise Price before adjustment. For example, if Holder receives a warrant to
purchase 1,500,000 shares of Common Stock at an Exercise Price of $1.00, and the
Adjusted Exercise Price is $0.50, Holder will be entitled to receive 3,000,000
shares of Common Stock.

                  6.2 CAPITAL ADJUSTMENTS. In case of any stock split or reverse
stock split, stock dividend, reclassification of the Common Stock,
recapitalization, merger or consolidation, or like capital adjustment affecting
the Common Stock of the Company, the provisions of this Section 6 shall be
applied as if such capital adjustment event had occurred immediately prior to
the date of this Warrant and the original purchase price had been fairly
allocated to the stock resulting from such capital adjustment; and in other
respects the provisions of this Section shall be applied in a fair, equitable
and reasonable manner so as to give effect, as nearly as may be, to the purposes
hereof.

                                     -131-
<PAGE>

                  6.3 ADJUSTMENT FOR SPIN OFF. If, for any reason, prior to the
exercise of this Warrant in full, the Company spins off or otherwise divests
itself of a part of its business or operations or disposes all or of a part of
its assets in a transaction (the "Spin Off") in which the Company does not
receive compensation for such business, operations or assets, but causes
securities of another entity (the "Spin Off Securities") to be issued to
security holders of the Company, then the Company shall cause (i) to be reserved
Spin Off Securities equal to the number thereof which would have been issued if
Holder had exercised its right to purchase all of the remaining Common Stock
available to Holder under this Warrant as of the close of business on the
trading day immediately before the record date (the "Outstanding Warrants") for
determining the amount of the number of Spin Off Securities to be issued to
security holders of the Company (the "Reserved Spin Off Shares"), and (ii) to be
issued to the Holder upon exercise of all or any of the Outstanding Warrants,
such amount of the Reserved Spin Off Shares equal to (x) the Reserved Spin Off
Shares multiplied by (y) a fraction, of which (I) the numerator is the amount of
the Outstanding Warrants then being exercised, and (II) the denominator is the
Outstanding Warrants.

                  7. NOTICES. Any notice or other communication required or
permitted hereunder shall be in writing and shall be delivered personally,
telegraphed, telexed, sent by facsimile transmission or sent by certified,
registered or express mail, postage pre-paid, return receipt requested. Any such
notice shall be deemed given when so delivered personally, telegraphed, telexed
or sent by facsimile transmission, or, if mailed, two days after the date of
deposit in the United States mails, as follows:

         If to the Company:

                  Struthers, Inc.
                  1866-B Raoul Wallenberg Blvd.
                  Charleston, South Carolina 29407
                  Attention: Douglas W. Beatty, President
                  Telephone No.:  (843) 763-1755
                  Facsimile No.: (843) 763-1990

         If to the Holder:

                  Alpha Venture Capital, Inc.
                  Avarua Rarotonga
                  Cook Islands
                  Fax No. (242) 356-4147
                  Attention: Mr. Barry Herman, Director

                                     -132-
<PAGE>

Any party may designate another address or person for receipt of notices
hereunder by notice given to the other parties in accordance with this Section.

                  8. LIQUIDATED DAMAGES. If the Company fails to cause its
transfer agent to deliver to the Holder unlegended certificates representing the
Warrant Shares within ten (10) business days after the Date of Exercise, the
Company shall pay to such Holder, in cash, as liquidated damages and not as a
penalty, $1,000 for each day after such tenth (10th) business day until such
certificates are delivered. Nothing herein shall limit the Holder's right to
pursue actual damages for the Company's failure to deliver certificates
representing shares of Common Stock upon exercise within the period specified
herein and the Holder shall have the right to pursue all remedies available to
it at law or in equity including, without limitation, a decree of specific
performance and/or injunctive relief. The exercise of any such rights shall not
prohibit the Holder from seeking to enforce damages pursuant to any other
Section hereof or under applicable law.

                  9. SUPPLEMENTS AND AMENDMENTS; WHOLE AGREEMENT. This Warrant
may be amended or supplemented only by an instrument in writing signed by the
parties hereto. This Warrant contains the full understanding of the parties
hereto with respect to the subject matter hereof and thereof and there are no
representations, warranties, agreements or understandings other than expressly
contained herein.

                  10. GOVERNING LAW. This Warrant shall be deemed to be a
contract made under the laws of the State of New York and for all purposes shall
be governed by and construed in accordance with the laws of such State
applicable to contracts to be made and performed entirely within such State.

                  11. COUNTERPARTS. This Warrant may be executed in any number
of counterparts and each of such counterparts shall for all purposes be deemed
to be an original, and all such counterparts shall together constitute but one
and the same instrument.

                  12. DESCRIPTIVE HEADINGS. Descriptive headings of the several
Sections of this Warrant are inserted for convenience only and shall not control
or affect the meaning or construction of any of the provisions hereof.

                  IN WITNESS WHEREOF, the parties hereto have executed this
Warrant as of the day of , 2001.

                       STRUTHERS, INC.

                       By: ______________________________

ATTEST:

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

                                     -133-
<PAGE>

                          NOTICE OF EXERCISE OF WARRANT

         The undersigned hereby irrevocably elects to exercise the right,
represented by the Warrant Certificate dated as of ______________, to purchase
__________shares of the Common Stock, par value $0.001 per share, of Struthers,
Inc. and tenders herewith payment in accordance with Section 1 of said Common
Stock Purchase Warrant.

         Please deliver the stock certificate to:

Dated:______________________

By:_________________________

         CASH:    $ _____________________

         CASHLESS EXERCISE: _____________

                                     -134-
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THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE HEREOF HAVE
NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION IN RELIANCE UPON
AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO
AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

                                 STRUTHERS, INC.

                         COMMON STOCK PURCHASE WARRANT B

                  1. ISSUANCE. In consideration of good and valuable
consideration, the receipt of which is hereby acknowledged by STRUTHERS, INC., a
Nevada corporation (the "Company"), ALPHA VENTURE CAPITAL, INC., or registered
assigns (the "Holder") is hereby granted the right to purchase at any time
commencing March 23, 2001 until 5:00 P.M., New York City time, on March 23, 2006
(the "Expiration Date"), ___________ fully paid and nonassessable shares of the
Company's Common Stock, par value $0.001 per share (the "Common Stock") at an
initial exercise price per share of an amount equal to $_____ [the lesser of (a)
one hundred percent (100%) of the average of the closing bid prices for the five
(5) trading days immediately preceding the date of issuance of this Warrant or
(b) one hundred percent (100%) of the average of the closing bid prices of the
five (5) trading days immediately preceding the date that the Holder may
exercise such portion of the Warrant in accordance with Section 2(b) of this
Warrant] (the "Exercise Price"), subject to further adjustment as set forth in
Section 6 hereof.

                  2.       EXERCISE OF WARRANTS.

                  (a) This Warrant is exercisable as set forth in clause (b) of
this Section 2 at the Exercise Price per share of Common Stock payable
hereunder, payable in cash or by certified or official bank check, or by
"cashless exercise," by means of tendering this Warrant to the Company to
receive a number of shares of Common Stock equal to the difference between the
Market Value of the shares of Common Stock issuable upon exercise of this
Warrant and the product of the number of shares issuable upon exercise and the
Exercise Price, divided by the Market Value Per Share. For example, if Holder
receives a warrant to purchase 1,500,000 shares of Common Stock at an Exercise
Price of $1.00 and decides to use the "cashless exercise" method to exercise its
option to purchase all 1,500,000 shares at a time when the Company's Common
Stock has a Market Value Per Share of $10.00, Holder would receive 1,350,000
shares of Common Stock upon exercise. Upon surrender of this Warrant with the
annexed Notice of Exercise Form duly executed, together with payment of the
Exercise Price for the shares of Common Stock purchased, the Holder shall be
entitled to receive a certificate or certificates for the shares of Common Stock
so purchased. For the purposes of this Section 2, "Market Value" shall be an
amount equal to the average closing bid price of a share of Common Stock for the
ten (10) days preceding the Company's receipt of the Notice of Exercise Form
duly executed multiplied by the number of shares of Common Stock to be issued
upon surrender of this Warrant, and "Market Value Per Share" shall be an amount
equal to the average closing bid price of a share of Common Stock for the ten
(10) days preceding the Company's receipt of the duly executed Notice of
Exercise Form.

                                     -135-
<PAGE>

                  (b) Commencing thirty days after the date the registration
statement registering the Warrant Shares has been declared effective by the SEC
(the "Effective Date") and provided that the Company has requested a Put, the
Holder of this Warrant may purchase up to 10% of the Warrant Shares (subject to
adjustment as hereinafter provided) covered by this Warrant and, at the end of
each thirty day period thereafter, provided that the Company has requested a
Put, the Holder may purchase an additional 10% of the Warrant Shares. The
Holder's right to purchase the Warrant Shares pursuant to this clause shall be
cumulative.

                  (c) For purposes of Rule 144 promulgated under the Securities
Act, it is intended, understood and acknowledged that the Warrant Shares issued
in a cashless exercise transaction shall be deemed to have been acquired by the
Holder and the holding period for the Warrant Shares shall be deemed to have
been commenced on the issue date.

                  3. RESERVATION OF SHARES. The Company hereby agrees that at
all times during the term of this Warrant there shall be reserved for issuance
upon exercise of this Warrant such number of shares of its Common Stock as shall
be required for issuance upon exercise of this Warrant (the "Warrant Shares").

                  4. MUTILATION OR LOSS OF WARRANT. Upon receipt by the Company
of evidence satisfactory to it of the loss, theft, destruction or mutilation of
this Warrant, and (in the case of loss, theft or destruction) receipt of
reasonably satisfactory indemnification, and (in the case of mutilation) upon
surrender and cancellation of this Warrant, the Company will execute and deliver
a new Warrant of like tenor and date and any such lost, stolen, destroyed or
mutilated Warrant shall thereupon become void.

                  5. RIGHTS OF THE HOLDER. The Holder shall not, by virtue
hereof, be entitled to any rights of a stockholder in the Company, either at law
or equity, and the rights of the Holder are limited to those expressed in this
Warrant and are not enforceable against the Company except to the extent set
forth herein.

                  6.       PROTECTION AGAINST DILUTION.

                  6.1 ADJUSTMENT MECHANISM. If an adjustment of the Exercise
Price is required pursuant to this Section 6, the Holder shall be entitled to
purchase such number of additional shares of Common Stock as will cause (i) the
total number of shares of Common Stock Holder is entitled to purchase pursuant
to this Warrant, multiplied by (ii) the adjusted purchase price per share (the
"Adjusted Exercise Price"), to equal (iii) the total number of shares of Common
Stock Holder is entitled to purchase before adjustment multiplied by the
Exercise Price before adjustment. For example, if Holder receives a warrant to
purchase 1,500,000 shares of Common Stock at an Exercise Price of $1.00, and the
Adjusted Exercise Price is $0.50, Holder will be entitled to receive 3,000,000
shares of Common Stock.

                                     -136-
<PAGE>

                  6.2 CAPITAL ADJUSTMENTS. In case of any stock split or reverse
stock split, stock dividend, reclassification of the Common Stock,
recapitalization, merger or consolidation, or like capital adjustment affecting
the Common Stock of the Company, the provisions of this Section 6 shall be
applied as if such capital adjustment event had occurred immediately prior to
the date of this Warrant and the original purchase price had been fairly
allocated to the stock resulting from such capital adjustment; and in other
respects the provisions of this Section shall be applied in a fair, equitable
and reasonable manner so as to give effect, as nearly as may be, to the purposes
hereof.

                  6.3 ADJUSTMENT FOR SPIN OFF. If, for any reason, prior to the
exercise of this Warrant in full, the Company spins off or otherwise divests
itself of a part of its business or operations or disposes all or of a part of
its assets in a transaction (the "Spin Off") in which the Company does not
receive compensation for such business, operations or assets, but causes
securities of another entity (the "Spin Off Securities") to be issued to
security holders of the Company, then the Company shall cause (i) to be reserved
Spin Off Securities equal to the number thereof which would have been issued if
Holder had exercised its right to purchase all of the remaining Common Stock
available to Holder under this Warrant as of the close of business on the
trading day immediately before the record date (the "Outstanding Warrants") for
determining the amount of the number of Spin Off Securities to be issued to
security holders of the Company (the "Reserved Spin Off Shares"), and (ii) to be
issued to the Holder upon exercise of all or any of the Outstanding Warrants,
such amount of the Reserved Spin Off Shares equal to (x) the Reserved Spin Off
Shares multiplied by (y) a fraction, of which (I) the numerator is the amount of
the Outstanding Warrants then being exercised, and (II) the denominator is the
Outstanding Warrants.

                  7. NOTICES. Any notice or other communication required or
permitted hereunder shall be in writing and shall be delivered personally,
telegraphed, telexed, sent by facsimile transmission or sent by certified,
registered or express mail, postage pre-paid, return receipt requested. Any such
notice shall be deemed given when so delivered personally, telegraphed, telexed
or sent by facsimile transmission, or, if mailed, two days after the date of
deposit in the United States mails, as follows:

         If to the Company:

                  Struthers, Inc.
                  1866-B Raoul Wallenberg Blvd.
                  Charleston, South Carolina 29407
                  Attention: Douglas W. Beatty, President
                  Telephone No.:  (843) 763-1755
                  Facsimile No.: (843) 763-1990

                                     -137-
<PAGE>

         If to the Holder:

                  Alpha Venture Capital, Inc.
                  Avarua Rarotonga
                  Cook Islands
                  Fax No. (242) 356-4147
                  Attention: Mr. Barry Herman, Director

Any party may designate another address or person for receipt of notices
hereunder by notice given to the other parties in accordance with this Section.

                  8. LIQUIDATED DAMAGES. If the Company fails to cause its
transfer agent to deliver to the Holder unlegended certificates representing the
Warrant Shares within ten (10) business days after the Date of Exercise, the
Company shall pay to such Holder, in cash, as liquidated damages and not as a
penalty, $1,000 for each day after such tenth (10th) business day until such
certificates are delivered. Nothing herein shall limit the Holder's right to
pursue actual damages for the Company's failure to deliver certificates
representing shares of Common Stock upon exercise within the period specified
herein and the Holder shall have the right to pursue all remedies available to
it at law or in equity including, without limitation, a decree of specific
performance and/or injunctive relief. The exercise of any such rights shall not
prohibit the Holder from seeking to enforce damages pursuant to any other
Section hereof or under applicable law.

                  9. SUPPLEMENTS AND AMENDMENTS; WHOLE AGREEMENT. This Warrant
may be amended or supplemented only by an instrument in writing signed by the
parties hereto. This Warrant contains the full understanding of the parties
hereto with respect to the subject matter hereof and thereof and there are no
representations, warranties, agreements or understandings other than expressly
contained herein.

                  10. GOVERNING LAW. This Warrant shall be deemed to be a
contract made under the laws of the State of New York and for all purposes shall
be governed by and construed in accordance with the laws of such State
applicable to contracts to be made and performed entirely within such State.

                  11. COUNTERPARTS. This Warrant may be executed in any number
of counterparts and each of such counterparts shall for all purposes be deemed
to be an original, and all such counterparts shall together constitute but one
and the same instrument.

                  12. DESCRIPTIVE HEADINGS. Descriptive headings of the several
Sections of this Warrant are inserted for convenience only and shall not control
or affect the meaning or construction of any of the provisions hereof.

                                     -138-
<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have executed this
Warrant as of the day of , 2001.

ATTEST:                                              STRUTHERS, INC.

_____________________________                        By: _______________________

                          NOTICE OF EXERCISE OF WARRANT

         The undersigned hereby irrevocably elects to exercise the right,
represented by the Warrant Certificate dated as of ______________, to purchase
__________shares of the Common Stock, par value $0.001 per share, of Struthers,
Inc. and tenders herewith payment in accordance with Section 1 of said Common
Stock Purchase Warrant.

         Please deliver the stock certificate to:

Dated:______________________

By:_________________________

         CASH:    $ _____________________

         CASHLESS EXERCISE: _____________

                                     -139-
<PAGE>EXHIBIT 10.8

                          REGISTRATION RIGHTS AGREEMENT

                  This Registration Rights Agreement (this "AGREEMENT") is made
and entered into as of March 23, 2001, between Struthers, Inc., a Nevada
corporation (the "COMPANY") and Alpha Venture Capital, Inc. (the "PURCHASER").

                  This Agreement is being entered into pursuant to the Common
Stock Purchase Agreement, dated as of the date hereof between the Company and
the Purchaser (the "PURCHASE AGREEMENT").

                  The Company and the Purchaser hereby agree as follows:

          1.      DEFINITIONS.
                  -----------

                  Capitalized terms used and not otherwise defined herein shall
have the meanings given to such terms in the Purchase Agreement. As used in this
Agreement, the following terms shall have the following meanings:

                  "ADVICE" shall have meaning set forth in Section 3(m).

                  "BOARD" shall have meaning set forth in Section 3(n).

                  "BUSINESS DAY" means any day except Saturday, Sunday and any
day on which banking institutions in the state of New York generally are closed.

                  "COMMISSION" means the Securities and Exchange Commission.

                  "COMMON STOCK" means the Company's Common Stock, par value
$0.001 per share.

                  "EFFECTIVENESS DATE" means with respect to the Registration
Statement the 90th day following the date hereof.

                  "EFFECTIVENESS PERIOD" shall have the meaning set forth in
Section 2.

                                     -113-
<PAGE>

                  "EVENT" shall have the meaning set forth in Section 7(e).

                  "EVENT DATE" shall have the meaning set forth in Section 7(e).

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

                  "FILING DATE" means the 30th day following the date hereof.

                  "HOLDER" means the holder from time to time of Registrable
Securities.

                  "INDEMNIFIED PARTY" shall have the meaning set forth in
Section 5(c).

                  "INDEMNIFYING PARTY" shall have the meaning set forth in
Section 5(c).

                  "LOSSES" shall have the meaning set forth in Section 5(a).

                  "PERSON" means an individual or a corporation, partnership,
trust, incorporated or unincorporated association, joint venture, limited
liability company, joint stock company, government (or an agency or political
subdivision thereof) or other entity of any kind.

                  "PROCEEDING" means an action, claim, suit, investigation or
proceeding (including, without limitation, an investigation or partial
proceeding, such as a deposition), whether commenced or threatened.

                  "PROSPECTUS" means the prospectus included in the Registration
Statement (including, without limitation, a prospectus that includes any
information previously omitted from a prospectus filed as part of an effective
registration statement in reliance upon Rule 430A promulgated under the
Securities Act), as amended or supplemented by any prospectus supplement, with
respect to the terms of the offering of any portion of the Registrable
Securities covered by the Registration Statement, and all other amendments and
supplements to the Prospectus, including post-effective amendments, and all
material incorporated by reference in such Prospectus.

                  "REGISTRABLE SECURITIES" means the shares of Common Stock
issuable pursuant to a Put and the shares of Common Stock issuable upon exercise
of the Warrants; PROVIDED, HOWEVER, that Registrable Securities shall include
(but not be limited to) a number of shares of Common Stock equal to no less than
the maximum number of shares of Common Stock which would be issuable pursuant to
a Put and upon exercise of the Warrants, assuming such issuance and exercise
occurred on the date hereof or the Filing Date, whichever date would result in
the greater number of Registrable Securities. Notwithstanding anything herein
contained to the contrary, if the actual number of shares of Common Stock
issuable pursuant to a Put and upon exercise of the Warrants exceeds the number
of shares of Common Stock issuable pursuant to a Put and upon exercise of the
Warrants based upon a computation as of the date hereof or the Filing Date, the
term "Registrable Securities" shall be deemed to include such additional shares
of Common Stock.

                  "REGISTRATION STATEMENT" means the registration statements and
any additional registration statements contemplated by Section 2, including (in
each case) the Prospectus, amendments and supplements to such registration
statement or Prospectus, including pre- and post-effective amendments, all
exhibits thereto, and all material incorporated by reference in such
registration statement.

                  "RULE 144" means Rule 144 promulgated by the Commission
pursuant to the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the Commission having
substantially the same effect as such Rule.

                  "RULE 158" means Rule 158 promulgated by the Commission
pursuant to the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the Commission having
substantially the same effect as such Rule.

                                     -114-
<PAGE>

                  "RULE 415" means Rule 415 promulgated by the Commission
pursuant to the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the Commission having
substantially the same effect as such Rule.

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

                  "SHARES" shall mean Put Shares and Warrant Shares.

                  "SPECIAL COUNSEL" means any special counsel to the Holder, for
which the Holder will be reimbursed by the Company pursuant to Section 4.

         2.       SHELF REGISTRATION.

                  On or prior to the Filing Date the Company shall prepare and
file with the Commission a "shelf" Registration Statement covering all
Registrable Securities for an offering to be made on a continuous basis pursuant
to Rule 415. The Registration Statement shall be on Form S-1, Form S-2 or Form
SB-2 (except if the Company is not then eligible to register for resale the
Registrable Securities on Form S-1, Form S-2 or Form SB-2, in which case such
registration shall be on another appropriate form in accordance herewith). The
Company shall (i) not permit any securities other than the Registrable
Securities to be included in the Registration Statement and (ii) use its best
efforts to cause the Registration Statement to be declared effective under the
Securities Act as promptly as possible after the filing thereof, but in any
event prior to the Effectiveness Date, and to keep such Registration Statement
continuously effective under the Securities Act until such date as is the
earlier of (x) the date when all Registrable Securities covered by such
Registration Statement have been sold or (y) the date on which the Registrable
Securities may be sold without any restriction pursuant to Rule 144 as
determined by the counsel to the Company pursuant to a written opinion letter,
addressed to the Company's transfer agent to such effect (the "EFFECTIVENESS
PERIOD"). If an additional Registration Statement is required to be filed
because the actual number of shares of Common Stock issuable pursuant to a Put
and the Warrants are exercisable exceeds the number of shares of Common Stock
initially registered in respect of the Put Shares and the Warrant Shares based
upon the computation on the date hereof, the Company shall have twenty (20)
Business Days to file such additional Registration Statement, and the Company
shall use its best efforts to cause such additional Registration Statement to be
declared effective by the Commission as soon as possible, but in no event later
than sixty (60) days after filing.

         3.       REGISTRATION PROCEDURES.

           In connection with the Company's registration obligations hereunder,
the Company shall:

                  (a) Prepare and file with the Commission on or prior to the
Filing Date, a Registration Statement on Form S-1, Form S-2 or Form SB-2 (or if
the Company is not then eligible to register for resale the Registrable
Securities on Form S-1, Form S-2 or Form SB-2 such registration shall be on
another appropriate form in accordance herewith) in accordance with the method
or methods of distribution thereof as specified by the Holder (except if
otherwise directed by the Holder), and cause the Registration Statement to
become effective and remain effective as provided herein; PROVIDED, HOWEVER,
that not less than five (5) Business Days prior to the filing of the
Registration Statement or any related Prospectus or any amendment or supplement
thereto (including any document that would be incorporated therein by
reference), the Company shall (i) furnish to the Holder and any Special Counsel,
copies of all such documents proposed to be filed, which documents (other than
those incorporated by reference) will be subject to the review of such Holder
and such Special Counsel, and (ii) cause its officers and directors, counsel and
independent certified public accountants to respond to such inquiries as shall
be necessary, in the reasonable opinion of counsel to such Holder, to conduct a
reasonable investigation within the meaning of the Securities Act. The Company
shall not file the Registration Statement or any such Prospectus or any
amendments or supplements thereto to which the Holder or its Special Counsel
shall reasonably object in writing within three (3) Business Days of their
receipt thereof.

                                     -115-
<PAGE>

                  (b) (i) Prepare and file with the Commission such amendments,
including post-effective amendments, to the Registration Statement as may be
necessary to keep the Registration Statement continuously effective as to the
applicable Registrable Securities for the Effectiveness Period and prepare and
file with the Commission such additional Registration Statements in order to
register for resale under the Securities Act all of the Registrable Securities;
(ii) cause the related Prospectus to be amended or supplemented by any required
Prospectus supplement, and as so supplemented or amended to be filed pursuant to
Rule 424 (or any similar provisions then in force) promulgated under the
Securities Act; (iii) respond as promptly as possible to any comments received
from the Commission with respect to the Registration Statement or any amendment
thereto and as promptly as possible provide the Holder true and complete copies
of all correspondence from and to the Commission relating to the Registration
Statement; and (iv) comply in all material respects with the provisions of the
Securities Act and the Exchange Act with respect to the disposition of all
Registrable Securities covered by the Registration Statement during the
applicable period in accordance with the intended methods of disposition by the
Holder thereof set forth in the Registration Statement as so amended or in such
Prospectus as so supplemented.

                  (c) Notify the Holder of Registrable Securities to be sold and
any Special Counsel as promptly as possible (and, in the case of (i)(A) below,
not less than five (5) days prior to such filing) and (if requested by any such
Person) confirm such notice in writing no later than one (1) Business Day
following the day (i)(A) when a Prospectus or any Prospectus supplement or
post-effective amendment to the Registration Statement is proposed to be filed;
(B) when the Commission notifies the Company whether there will be a "review" of
such Registration Statement and whenever the Commission comments in writing on
such Registration Statement and (C) with respect to the Registration Statement
or any post-effective amendment, when the same has become effective; (ii) of any
request by the Commission or any other Federal or state governmental authority
for amendments or supplements to the Registration Statement or Prospectus or for
additional information; (iii) of the issuance by the Commission of any stop
order suspending the effectiveness of the Registration Statement covering any or
all of the Registrable Securities or the initiation of any Proceedings for that
purpose; (iv) if at any time any of the representations and warranties of the
Company contained in the Purchase Agreement ceases to be true and correct in all
material respects; (v) of the receipt by the Company of any notification with
respect to the suspension of the qualification or exemption from qualification
of any of the Registrable Securities for sale in any jurisdiction, or the
initiation or threatening of any Proceeding for such purpose; and (vi) of the
occurrence of any event that makes any statement made in the Registration
Statement or Prospectus or any document incorporated or deemed to be
incorporated therein by reference untrue in any material respect or that
requires any revisions to the Registration Statement, Prospectus or other
documents so that, in the case of the Registration Statement or the Prospectus,
as the case may be, it will not contain any 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, in the light of the circumstances under which they
were made, not misleading.

                  (d) Use its best efforts to avoid the issuance of, or, if
issued, obtain the withdrawal of, (i) any order suspending the effectiveness of
the Registration Statement or (ii) any suspension of the qualification (or
exemption from qualification) of any of the Registrable Securities for sale in
any jurisdiction, at the earliest practicable moment.

                  (e) If requested by the Holder, (i) promptly incorporate in a
Prospectus supplement or post-effective amendment to the Registration Statement
such information as the Company reasonably agrees should be included therein and
(ii) make all required filings of such Prospectus supplement or such
post-effective amendment as soon as practicable after the Company has received
notification of the matters to be incorporated in such Prospectus supplement or
post-effective amendment.

                  (f) Furnish to the Holder and any Special Counsel, without
charge, at least one conformed copy of each Registration Statement and each
amendment thereto, including financial statements and schedules, all documents
incorporated or deemed to be incorporated therein by reference, and all exhibits
to the extent requested by such Person (including those previously furnished or
incorporated by reference) promptly after the filing of such documents with the
Commission.

                                     -116-
<PAGE>

                  (g) Promptly deliver to the Holder and any Special Counsel,
without charge, as many copies of the Prospectus or Prospectuses (including each
form of prospectus) and each amendment or supplement thereto as such Persons may
reasonably request; and the Company hereby consents to the use of such
Prospectus and each amendment or supplement thereto by the Holder in connection
with the offering and sale of the Registrable Securities covered by such
Prospectus and any amendment or supplement thereto.

                  (h) Prior to any public offering of Registrable Securities,
use its best efforts to register or qualify or cooperate with the Holder and any
Special Counsel in connection with the registration or qualification (or
exemption from such registration or qualification) of such Registrable
Securities for offer and sale under the securities or Blue Sky laws of such
jurisdictions within the United States as the Holder requests in writing, to
keep each such registration or qualification (or exemption therefrom) effective
during the Effectiveness Period and to do any and all other acts or things
necessary or advisable to enable the disposition in such jurisdictions of the
Registrable Securities covered by a Registration Statement; PROVIDED, HOWEVER,
that the Company shall not be required to qualify generally to do business in
any jurisdiction where it is not then so qualified or to take any action that
would subject it to general service of process in any such jurisdiction where it
is not then so subject or subject the Company to any material tax in any such
jurisdiction where it is not then so subject.

                  (i) Cooperate with the Holder to facilitate the timely
preparation and delivery of certificates representing Registrable Securities to
be sold pursuant to a Registration Statement, which certificates shall be free
of all restrictive legends, and to enable such Registrable Securities to be in
such denominations and registered in such names as the Holder may request at
least two (2) Business Days prior to any sale of Registrable Securities.

                  (j) Upon the occurrence of any event contemplated by Section
3(c)(vi), as promptly as possible, prepare a supplement or amendment, including
a post-effective amendment, to the Registration Statement or a supplement to the
related Prospectus or any document incorporated or deemed to be incorporated
therein by reference, and file any other required document so that, as
thereafter delivered, neither the Registration Statement nor such Prospectus
will contain an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading.

                  (k) Use its best efforts to cause all Registrable Securities
relating to such Registration Statement to be listed on The Nasdaq SmallCap
Market and any other securities exchange, quotation system, market or
over-the-counter bulletin board, if any, on which similar securities issued by
the Company are then listed as and when required pursuant to the Purchase
Agreement.

                  (l) Comply in all material respects with all applicable rules
and regulations of the Commission and make generally available to its security
holders earning statements satisfying the provisions of Section 11(a) of the
Securities Act and Rule 158 not later than 45 days after the end of any 12-month
period (or 90 days after the end of any 12-month period if such period is a
fiscal year) commencing on the first day of the first fiscal quarter of the
Company after the effective date of the Registration Statement, which statement
shall conform to the requirements of Rule 158.

                  (m) The Company may require the Holder to furnish to the
Company information regarding the Holder and the distribution of such
Registrable Securities as is required by law to be disclosed in the Registration
Statement, and the Company may exclude from such registration the Registrable
Securities of the Holder if the Holder unreasonably fails to furnish such
information within a reasonable time after receiving such request.

                  If the Registration Statement refers to the Holder by name as
the holder of any securities of the Company, then the Holder shall have the
right to require (if such reference to the Holder by name or otherwise is not
required by the Securities Act or any similar federal statute then in force) the
deletion of the reference to the Holder in any amendment or supplement to the
Registration Statement filed or prepared subsequent to the time that such
reference ceases to be required.

                                     -117-
<PAGE>

                  The Holder covenants and agrees that (i) it will not sell any
Registrable Securities under the Registration Statement until it has received
copies of the Prospectus as then amended or supplemented as contemplated in
Section 3(g) and notice from the Company that such Registration Statement and
any post-effective amendments thereto have become effective as contemplated by
Section 3(c) and (ii) it and its officers, directors or Affiliates, if any, will
comply with the prospectus delivery requirements of the Securities Act as
applicable to them in connection with sales of Registrable Securities pursuant
to the Registration Statement.

                  The Holder agrees by its acquisition of such Registrable
Securities that, upon receipt of a notice from the Company of the occurrence of
any event of the kind described in Section 3(c)(ii), 3(c)(iii), 3(c)(iv),
3(c)(v) or 3(c)(vi), the Holder will forthwith discontinue disposition of such
Registrable Securities under the Registration Statement until the Holder's
receipt of the copies of the supplemented Prospectus and/or amended Registration
Statement contemplated by Section 3(j), or until it is advised in writing (the
"ADVICE") by the Company that the use of the applicable Prospectus may be
resumed, and, in either case, has received copies of any additional or
supplemental filings that are incorporated or deemed to be incorporated by
reference in such Prospectus or Registration Statement.

                  (n) If (i) there is material non-public information regarding
the Company which the Company's Board of Directors (the "BOARD") reasonably
determines not to be in the Company's best interest to disclose and which the
Company is not otherwise required to disclose, or (ii) there is a significant
business opportunity (including, but not limited to, the acquisition or
disposition of assets (other than in the ordinary course of business) or any
merger, consolidation, tender offer or other similar transaction) available to
the Company which the Board reasonably determines not to be in the Company's
best interest to disclose, then the Company may postpone or suspend filing or
effectiveness of a registration statement for a period not to exceed 20
consecutive days, provided that the Company may not postpone or suspend its
obligation under this Section 3(n) for more than 45 days in the aggregate during
any 12 month period; PROVIDED, HOWEVER, that no such postponement or suspension
shall be permitted for consecutive 20 day periods, arising out of the same set
of facts, circumstances or transactions.

     4.           REGISTRATION EXPENSES.

                  All fees and expenses incident to the performance of or
compliance with this Agreement by the Company shall be borne by the Company
whether or not the Registration Statement is filed or becomes effective and
whether or not any Registrable Securities are sold pursuant to the Registration
Statement. The fees and expenses referred to in the foregoing sentence shall
include, without limitation, (i) all registration and filing fees (including,
without limitation, fees and expenses (A) with respect to filings required to be
made with The Nasdaq SmallCap Market and each other securities exchange or
market on which Registrable Securities are required hereunder to be listed, (B)
with respect to filings required to be made with the National Association of
Securities Dealers, Inc. and the NASD Regulation, Inc. and (C) in compliance
with state securities or Blue Sky laws (including, without limitation, fees and
disbursements of counsel for the Holder in connection with Blue Sky
qualifications of the Registrable Securities and determination of the
eligibility of the Registrable Securities for investment under the laws of such
jurisdictions as the Holder may designate)), (ii) printing expenses (including,
without limitation, expenses of printing certificates for Registrable Securities
and of printing prospectuses if the printing of prospectuses is requested by the
Holder), (iii) messenger, telephone and delivery expenses, (iv) fees and
disbursements of counsel for the Company and Special Counsel for the Holder, in
the case of the Special Counsel, to a maximum amount of $5,000, (v) Securities
Act liability insurance, if the Company so desires such insurance, and (vi) fees
and expenses of all other Persons retained by the Company in connection with the
consummation of the transactions contemplated by this Agreement, including,
without limitation, the Company's independent public accountants (including the
expenses of any comfort letters or costs associated with the delivery by
independent public accountants of a comfort letter or comfort letters). In
addition, the Company shall be responsible for all of its internal expenses
incurred in connection with the consummation of the transactions contemplated by
this Agreement (including, without limitation, all salaries and expenses of its
officers and employees performing legal or accounting duties), the expense of
any annual audit, the fees and expenses incurred in connection with the listing
of the Registrable Securities on any securities exchange as required hereunder.

                                     -118-
<PAGE>

     5.           INDEMNIFICATION.

                  (a) INDEMNIFICATION BY THE COMPANY. The Company shall,
notwithstanding any termination of this Agreement, indemnify and hold harmless
the Holder, the officers, directors, agents, brokers (including brokers who
offer and sell Registrable Securities as principal as a result of a pledge or
any failure to perform under a margin call of Common Stock), investment advisors
and employees of each of them, each Person who controls the Holder (within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act)
and the officers, directors, agents and employees of each such controlling
Person, to the fullest extent permitted by applicable law, from and against any
and all losses, claims, damages, liabilities, costs (including, without
limitation, costs of preparation and attorneys' fees) and expenses
(collectively, "LOSSES"), as incurred, arising out of or relating to any untrue
or alleged untrue statement of a material fact contained in the Registration
Statement, any Prospectus or any form of prospectus or in any amendment or
supplement thereto or in any preliminary prospectus, or arising out of or
relating to any omission or alleged omission of a material fact required to be
stated therein or necessary to make the statements therein (in the case of any
Prospectus or form of prospectus or supplement thereto, in the light of the
circumstances under which they were made) not misleading, except to the extent,
but only to the extent, that such untrue statements or omissions are based
solely upon information regarding the Holder furnished in writing to the Company
by the Holder expressly for use therein, which information was reasonably relied
on by the Company for use therein or to the extent that such information relates
to the Holder or the Holder's proposed method of distribution of Registrable
Securities and was reviewed and expressly approved in writing by such Holder
expressly for use in the Registration Statement, such Prospectus or such form of
Prospectus or in any amendment or supplement thereto. The Company shall notify
the Holder promptly of the institution, threat or assertion of any Proceeding of
which the Company is aware in connection with the transactions contemplated by
this Agreement.

                  (b) INDEMNIFICATION BY HOLDER. The Holder shall indemnify and
hold harmless the Company, the directors, officers, agents and employees, each
Person who controls the Company (within the meaning of Section 15 of the
Securities Act and Section 20 of the Exchange Act), and the directors, officers,
agents or employees of such controlling Persons, to the fullest extent permitted
by applicable law, from and against all Losses, as incurred, arising solely out
of or based solely upon any untrue statement of a material fact contained in the
Registration Statement, any Prospectus, or any form of prospectus, or arising
solely out of or based solely upon any omission of a material fact required to
be stated therein or necessary to make the statements therein (in the case of
any Prospectus or form of prospectus or supplement thereto, in the light of the
circumstances under which they were made) not misleading, to the extent, but
only to the extent, that such untrue statement or omission is contained in any
information so furnished in writing by the Holder to the Company specifically
for inclusion in the Registration Statement or such Prospectus and that such
information was reasonably relied upon by the Company for use in the
Registration Statement, such Prospectus or such form of prospectus or to the
extent that such information relates to the Holder or the Holder's proposed
method of distribution of Registrable Securities and was reviewed and expressly
approved in writing by the Holder expressly for use in the Registration
Statement, such Prospectus or such form of Prospectus.

                  (c) CONDUCT OF INDEMNIFICATION PROCEEDINGS. If any Proceeding
shall be brought or asserted against any Person entitled to indemnity hereunder
(an "INDEMNIFIED PARTY"), such Indemnified Party promptly shall notify the
Person from whom indemnity is sought (the "INDEMNIFYING PARTY) in writing, and
the Indemnifying Party shall assume the defense thereof, including the
employment of counsel reasonably satisfactory to the Indemnified Party and the
payment of all fees and expenses incurred in connection with defense thereof;
provided, that the failure of any Indemnified Party to give such notice shall
not relieve the Indemnifying Party of its obligations or liabilities pursuant to
this Agreement, except (and only) to the extent that it shall be finally
determined by a court of competent jurisdiction (which determination is not
subject to appeal or further review) that such failure shall have proximately
and materially adversely prejudiced the Indemnifying Party.

                                     -119-
<PAGE>

                  An Indemnified Party shall have the right to employ separate
counsel in any such Proceeding and to participate in the defense thereof, but
the fees and expenses of such counsel shall be at the expense of such
Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed in
writing to pay such fees and expenses; or (2) the Indemnifying Party shall have
failed promptly to assume the defense of such Proceeding and to employ counsel
reasonably satisfactory to such Indemnified Party in any such Proceeding; or (3)
the named parties to any such Proceeding (including any impleaded parties)
include both such Indemnified Party and the Indemnifying Party, and such
Indemnified Party shall have been advised by counsel that a conflict of interest
is likely to exist if the same counsel were to represent such Indemnified Party
and the Indemnifying Party (in which case, if such Indemnified Party notifies
the Indemnifying Party in writing that it elects to employ separate counsel at
the expense of the Indemnifying Party, the Indemnifying Party shall not have the
right to assume the defense thereof and such counsel shall be at the expense of
the Indemnifying Party). The Indemnifying Party shall not be liable for any
settlement of any such Proceeding effected without its written consent, which
consent shall not be unreasonably withheld. No Indemnifying Party shall, without
the prior written consent of the Indemnified Party, effect any settlement of any
pending Proceeding in respect of which any Indemnified Party is a party, unless
such settlement includes an unconditional release of such Indemnified Party from
all liability on claims that are the subject matter of such Proceeding.

                  All fees and expenses of the Indemnified Party (including
reasonable fees and expenses to the extent incurred in connection with
investigating or preparing to defend such Proceeding in a manner not
inconsistent with this Section) shall be paid to the Indemnified Party, as
incurred, within ten (10) Business Days of written notice thereof to the
Indemnifying Party (regardless of whether it is ultimately determined that an
Indemnified Party is not entitled to indemnification hereunder; provided, that
the Indemnifying Party may require such Indemnified Party to undertake to
reimburse all such fees and expenses to the extent it is finally judicially
determined that such Indemnified Party is not entitled to indemnification
hereunder) and the amount of the settlement and all expenses relating thereto
have been paid by the indemnifying party.

                  (d) CONTRIBUTION. If a claim for indemnification under Section
5(a) or 5(b) is unavailable to an Indemnified Party because of a failure or
refusal of a governmental authority to enforce such indemnification in
accordance with its terms (by reason of public policy or otherwise), then each
Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall
contribute to the amount paid or payable by such Indemnified Party as a result
of such Losses, in such proportion as is appropriate to reflect the relative
fault of the Indemnifying Party and Indemnified Party in connection with the
actions, statements or omissions that resulted in such Losses as well as any
other relevant equitable considerations. The relative fault of such Indemnifying
Party and Indemnified Party shall be determined by reference to, among other
things, whether any action in question, including any untrue or alleged untrue
statement of a material fact or omission or alleged omission of a material fact,
has been taken or made by, or relates to information supplied by, such
Indemnifying, Party or Indemnified Party, and the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such
action, statement or omission. The amount paid or payable by a party as a result
of any Losses shall be deemed to include, subject to the limitations set forth
in Section 5(c), any reasonable attorneys' or other reasonable fees or expenses
incurred by such party in connection with any Proceeding to the extent such
party would have been indemnified for such fees or expenses if the
indemnification provided for in this Section was available to such party in
accordance with its terms.

                  The parties hereto agree that it would not be just and
equitable if contribution pursuant to this Section 5(d) were determined by pro
rata allocation or by any other method of allocation that does not take into
account the equitable considerations referred to in the immediately preceding
paragraph. No Person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from
any Person who was not guilty of such fraudulent misrepresentation.

                  The indemnity and contribution agreements contained in this
Section are in addition to any liability that the Indemnifying Parties may have
to the Indemnified Parties

                                     -120-
<PAGE>

         6.       RULE 144.
                  --------

                  As long as the Holder owns Put Shares, Warrants or Warrant
Shares, the Company covenants to timely file (or obtain extensions in respect
thereof and file within the applicable grace period) all reports required to be
filed by the Company after the date hereof pursuant to Section 13(a) or 15(d) of
the Exchange Act and to promptly furnish the Holder with true and complete
copies of all such filings. As long as the Holder owns Put Shares, Warrants or
Warrant Shares, if the Company is not required to file reports pursuant to
Section 13(a) or 15(d) of the Exchange Act, it will prepare and furnish to the
Holder and make publicly available in accordance with Rule 144(c) promulgated
under the Securities Act annual and quarterly financial statements, together
with a discussion and analysis of such financial statements in form and
substance substantially similar to those that would otherwise be required to be
included in reports required by Section 13(a) or 15(d) of the Exchange Act, as
well as any other information required thereby, in the time period that such
filings would have been required to have been made under the Exchange Act. The
Company further covenants that it will take such further action as the Holder
may reasonably request, all to the extent required from time to time to enable
such Person to sell Put Shares and Warrant Shares without registration under the
Securities Act within the limitation of the exemptions provided by Rule 144
promulgated under the Securities Act, including providing any legal opinions
relating to such sale pursuant to Rule 144. Upon the request of the Holder, the
Company shall deliver to the Holder a written certification of a duly authorized
officer as to whether it has complied with such requirements.

         7.       MISCELLANEOUS.

                  (a) REMEDIES. In the event of a breach by the Company or by
the Holder, of any of their obligations under this Agreement, the 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,
will be entitled to specific performance of its rights under this Agreement. The
Company and the 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 waive the
defense that a remedy at law would be adequate.

                  (b) NO INCONSISTENT AGREEMENTS. Except as set forth on
Schedule 7(b) attached hereto, neither the Company nor any of its subsidiaries
has, as of the date hereof entered into and currently in effect, 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 is inconsistent
with the rights granted to the Holder in this Agreement or otherwise conflicts
with the provisions hereof. Neither the Company nor any of its subsidiaries has
previously entered into any agreement currently in effect granting any
registration rights with respect to any of its securities to any Person. Without
limiting the generality of the foregoing, without the written consent of the
Holder, the Company shall not grant to any Person the right to request the
Company to register any securities of the Company under the Securities Act
unless the rights so granted are subject in all respects to the prior rights in
full of the Holder set forth herein, and are not otherwise in conflict with the
provisions of this Agreement.

                  (c) NO PIGGYBACK ON REGISTRATIONS. Except as set forth on
Schedule 7(c) attached hereto, neither the Company nor any of its security
holders may include securities of the Company in the Registration Statement, and
the Company shall not after the date hereof enter into any agreement providing
such right to any of its security holders, unless the right so granted is
subject in all respects to the prior rights in full of the Holder set forth
herein, and is not otherwise in conflict with the provisions of this Agreement.

                  (d) PIGGY-BACK REGISTRATIONS. If at any time when there is not
an effective Registration Statement covering (i) Put Shares or (ii) Warrant
Shares, the Company shall determine to prepare and file with the Commission a
registration statement relating to an offering for its own account or the
account of others under the Securities Act of any of its equity securities,
other than on Form S-4 or Form S-8 (each as promulgated under the Securities
Act) or their then equivalents relating to equity securities to be issued solely

                                     -121-
<PAGE>

in connection with any acquisition of any entity or business or equity
securities issuable in connection with stock option or other employee benefit
plans, the Company shall send to each holder of Registrable Securities written
notice of such determination and, if within thirty (30) days after receipt of
such notice, any such holder shall so request in writing, (which request shall
specify the Registrable Securities intended to be disposed of by the Holder),
the Company will cause the registration under the Securities Act of all
Registrable Securities which the Company has been so requested to register by
the holder, to the extent requisite to permit the disposition of the Registrable
Securities so to be registered, provided that if at any time after giving
written notice of its intention to register any securities and prior to the
effective date of the registration statement filed in connection with such
registration, the Company shall determine for any reason not to register or to
delay registration of such securities, the Company may, at its election, give
written notice of such determination to such holder and, thereupon, (i) in the
case of a determination not to register, shall be relieved of its obligation to
register any Registrable Securities in connection with such registration (but
not from its obligation to pay expenses in accordance with Section 4 hereof),
and (ii) in the case of a determination to delay registering, shall be permitted
to delay registering any Registrable Securities being registered pursuant to
this Section 7(d) for the same period as the delay in registering such other
securities. The Company shall include in such registration statement all or any
part of such Registrable Securities such holder requests to be registered;
PROVIDED, HOWEVER, that the Company shall not be required to register any
Registrable Securities pursuant to this Section 7(d) that are eligible for sale
pursuant to Rule 144(k) of the Securities Act. In the case of an underwritten
public offering, if the managing underwriter(s) or underwriter(s) should
reasonably object to the inclusion of the Registrable Securities in such
registration statement, then if the Company after consultation with the managing
underwriter should reasonably determine that the inclusion of such Registrable
Securities, would materially adversely affect the offering contemplated in such
registration statement, and based on such determination recommends inclusion in
such registration statement of fewer or none of the Registrable Securities of
the Holder, then (x) the number of Registrable Securities of the Holder included
in such registration statement shall be reduced (based upon the number of
Registrable Securities requested to be included in the registration), if the
Company after consultation with the underwriter(s) recommends the inclusion of
fewer Registrable Securities, or (y) none of the Registrable Securities of the
Holder shall be included in such registration statement, if the Company after
consultation with the underwriter(s) recommends the inclusion of none of such
Registrable Securities; PROVIDED, HOWEVER, that if Securities are being offered
for the account of other persons or entities as well as the Company, such
reduction shall not represent a greater fraction of the number of Registrable
Securities intended to be offered by the Holder than the fraction of similar
reductions imposed on such other persons or entities (other than the Company).

                  (e) FAILURE TO FILE REGISTRATION STATEMENT AND OTHER EVENTS.
The Company and the Purchaser agree that the Holder will suffer damages if the
Registration Statement is not filed on or prior to the Filing Date and not
declared effective by the Commission on or prior to the Effectiveness Date and
maintained in the manner contemplated herein during the Effectiveness Time or if
certain other events occur. The Company and the Holder further agree that it
would not be feasible to ascertain the extent of such damages with precision.
Accordingly, if (A) the Registration Statement is not filed on or prior to the
Filing Date, or is not declared effective by the Commission on or prior to the
Effectiveness Date (or in the event an additional Registration Statement is
filed because the actual number of shares of Common Stock issuable pursuant to a
Put and the Warrants are exercisable exceeds the number of shares of Common
Stock initially registered is not filed and declared effective with the time
periods set forth in Section 2(a)), or (B) the Company fails to file with the
Commission a request for acceleration in accordance with Rule 12dl-2 promulgated
under the Exchange Act within five (5) Business Days of the date that the
Company is notified (orally or in writing, whichever is earlier) by the
Commission that a Registration Statement will not be "reviewed," or not subject
to further review, or (C) the Registration Statement is filed with and declared
effective by the Commission but thereafter ceases to be effective as to all
Registrable Securities at any time prior to the expiration of the Effectiveness
Period, without being succeeded immediately by a subsequent Registration
Statement filed with and declared effective by the Commission, or (D) trading in
the Common Stock shall be suspended or if the Common Stock is delisted from The
Nasdaq SmallCap Market or the OTC Bulletin Board for any reason for more than
three (3) consecutive Business Days, or (E) the Company breaches in a material
respect any covenant or other material term or condition to this Agreement or
the Purchase Agreement (other than a representation or warranty contained
therein) or any other agreement, document, certificate or other instrument
delivered in connection with the transactions contemplated hereby and thereby,

                                     -122-
<PAGE>

and such breach continues for a period of thirty days after written notice
thereof to the Company, or (F) the Company has breached Section 3(n) (any such
failure or breach being referred to as an "EVENT," and for purposes of clause
(A) the date on which such Event occurs, or for purposes of clause (B) the date
on which such five day period is exceeded, or for purposes of clause (C) after
more than fifteen Business Days, or for purposes of clause (D) the date on which
such three Business Day period is exceeded, or for clause (E) the date on which
such thirty day period is exceeded, being referred to as "EVENT DATE"), the
Company shall pay in cash as liquidated damages to the Holder an amount equal to
$1,000 per day for so long as more than 10,000 shares of Common Stock are held
by the Purchaser (the "PERIODIC AMOUNT"). Payments to be made pursuant to this
Section 7(e) shall be due and payable immediately upon demand in immediately
available funds. The parties agree that the Periodic Amount represents a
reasonable estimate on the part of the parties, as of the date of this
Agreement, of the amount of damages that may be incurred by the Holder if the
Registration Statement is not maintained in the manner contemplated herein
during the Effectiveness Period or if any other Event as described herein has
occurred. Additionally, if the Registration Statement is not declared effective
by the Effectiveness Date, the amount of Commitment Warrants issued to the
Holder shall increase by five percent (5%) for each thirty (30) day period that
the Registration Statement is not declared effective after the Effectiveness
Date. If the Registration Statement is not declared effective by the 150th day
after the date hereof, the Holder shall have the right to terminate the
Commitment and retain the Commitment Warrants.

                  (f) AMENDMENTS AND WAIVERS. The provisions of this Agreement,
including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof
may not be given, unless the same shall be in writing and signed by the Company
and the Holder.

                  (g) NOTICES. Any and all notices or other communications or
deliveries required or permitted to be provided hereunder shall be in writing
and shall be deemed given and effective on the earlier of (i) the date of
transmission, if such notice or communication is delivered via facsimile at the
facsimile telephone number specified for notice prior to 5:00 p.m., New York
City time, on a Business Day, (ii) the Business Day after the date of
transmission, if such notice or communication is delivered via facsimile at the
facsimile telephone number specified for notice later than 5:00 p.m., New York
City time, on any date and earlier than 11:59 p.m., New York City time, on such
date, (iii) the Business Day following the date of mailing, if sent by
nationally recognized overnight courier service or (iv) actual receipt by the
party to whom such notice is required to be given. The addresses for such
communications shall be with respect to the Holder at its address set forth
under its name on SCHEDULE 1 attached hereto, or with respect to the Company,
addressed to:

                                    Struthers, Inc.
                                    1866-B Raoul Wallenberg Blvd.
                                    Charleston, South Carolina 29407
                                    Attention: Mariano Raigo
                                    Telephone No.:  (843) 763-1755
                                    Facsimile No.: (843) 763-1990

or to such other address or addresses or facsimile number or numbers as any such
party may most recently have designated in writing to the other parties hereto
by such notice. Copies of notices to the Holder shall be sent to Jenkens &
Gilchrist Parker Chapin LLP, 405 Lexington Avenue, New York New York 10174,
Attention: Christopher S. Auguste, Esq., Facsimile No.: (212) 704-6288. Copies
of notices to the Company shall be sent to Richard S. Lane, Esq., One Old
Country Road, Suite 120, Carle Place, New York 11514, Facsimile No.: (516)
877-7841.

                  (h) SUCCESSORS AND ASSIGNS. This Agreement shall be binding
upon and inure to the benefit of the parties and their successors and permitted
assigns and shall inure to the benefit of the Holder and its successors and
assigns. The Company may not assign this Agreement or any of its rights or
obligations hereunder without the prior written consent of the Holder. The
Purchaser may assign its rights hereunder in the manner and to the Persons as
permitted under the Purchase Agreement.

                                     -123-
<PAGE>

                  (i) ASSIGNMENT OF REGISTRATION RIGHTS. The rights of the
Holder hereunder, including the right to have the Company register for resale
Registrable Securities in accordance with the terms of this Agreement, shall be
automatically assignable by the Holder to any Affiliate of the Holder of all or
a portion of the Registrable Securities if: (i) the Holder agrees in writing
with the transferee or assignee to assign such rights, and a copy of such
agreement is furnished to the Company within three (3) Business Days after such
assignment, (ii) the Company is, within a three (3) Business Days after such
transfer or assignment, furnished with written notice of (a) the name and
address of such transferee or assignee, and (b) the securities with respect to
which such registration rights are being transferred or assigned, (iii)
following such transfer or assignment the further disposition of such securities
by the transferee or assignees is restricted under the Securities Act and
applicable state securities laws, (iv) at or before the time the Company
receives the written notice contemplated by clause (ii) of this Section, the
transferee or assignee agrees in writing with the Company to be bound by all of
the provisions of this Agreement, and (v) such transfer shall have been made in
accordance with the applicable requirements of the Purchase Agreement. In
addition, the Holder shall have the right to assign its rights hereunder to any
other Person with the prior written consent of the Company, which consent shall
not be unreasonably withheld. The rights to assignment shall apply to the Holder
(and to subsequent) successors and assigns.

                  (j) COUNTERPARTS. This Agreement may be executed in any number
of counterparts, each of which when so executed shall be deemed to be an
original and, all of which taken together shall constitute one and the same
Agreement. In the event that any signature is delivered by facsimile
transmission, such signature shall create a valid 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 were the original
thereof.

                  (k) GOVERNING LAW. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without regard
to principles of conflicts of law thereof.

                  (l) CUMULATIVE REMEDIES. The remedies provided herein are
cumulative and not exclusive of any remedies provided by law.

                  (m) SEVERABILITY. If any term, provision, covenant or
restriction of this Agreement is held to be invalid, illegal, void or
unenforceable in any respect, the remainder of the terms, provisions, covenants
and restrictions set forth herein shall remain in full force and effect and
shall in no way be affected, impaired or invalidated, and the parties hereto
shall use their reasonable efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that
may be hereafter declared invalid, illegal, void or unenforceable.

                  (n) HEADINGS. The headings herein are for convenience only, do
not constitute a part of this Agreement and shall not be deemed to limit or
affect any of the provisions hereof.

                                     -124-
<PAGE>

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