Document:

EXHIBIT 10.27
                                                                   -------------

                                VOTING AGREEMENT

     THIS VOTING AGREEMENT (the "Voting Agreement") is entered into effective as
of June 18, 2003, by and between Roger D. Hurst ("Hurst"), and AspenBio, Inc., a
Colorado corporation (the "Company").

     WHEREAS,  Hurst owns  4,246,757  shares of common  stock,  no par value per
share of the Company (the "Common Stock");

     WHEREAS,  Hurst understands that the Company needs additional financing and
has agreed to restrictions on the voting and transfer of 2,250,000 shares of the
Common Stock (the  "Restricted  Shares") in order to facilitate  such financing;
and

     WHEREAS, for valuable  consideration,  the receipt and sufficiency of which
is hereby  acknowledged,  Hurst and the  Company  have agreed to enter into this
Voting Agreement.

     NOW, THEREFORE, in consideration of the foregoing, the parties hereto agree
as follows:

1.   Voting of Restricted Shares

     a. Hurst agrees to vote the Restricted  Shares in the same  proportion that
all other shares of the outstanding  Common Stock (including the other shares of
Common  Stock  owned by  Hurst)  are  voted at any duly  called  meeting  of the
shareholders of the Company.  By way of example,  if 30% of the shares of Common
Stock vote in favor of a resolution and 70% of the shares of Common Stock oppose
such resolution,  Hurst shall vote the Restricted  Shares in the same proportion
(i.e.,  675,000 in favor and  1,575,000  against).  Upon request of the Company,
Hurst  shall  grant a proxy  for this  purpose  to Gail  Schoettler,  or if Gail
Schoettler is not then a member of the Company's  Board of Directors,  is unable
or unwilling to serve,  then Hurst shall grant such proxy to a person designated
by a majority of the Company's Board of Directors (the "Board").

2.   Transfer of Restricted Shares

     a. Hurst  agrees  not,  directly  or  indirectly,  to sell,  offer to sell,
contract to sell, assign, pledge,  hypothecate,  encumber or otherwise transfer,
or enter into any contract,  option or other  arrangement or understanding  with
respect to the sale, assignment, pledge or other disposition of (collectively, a
"Transfer") any rights with respect to the Restricted Shares except as expressly
provided herein. The foregoing restriction has been expressly agreed to preclude
Hurst from engaging in any hedging or other transaction  during the term of this
Voting Agreement that is designed to or reasonably expected to lead to or result
in a  Transfer  of the  Restricted  Shares.  Such  prohibited  hedging  or other
transaction would include,  without  limitation,  any short sale (whether or not
against  the box) or any  purchase,  sale,  or grant  of any  right  (including,
without  limitation,  any put or call  option)  with  respect to the  Restricted
Shares or with respect to any security  (other than a broad-based  market basket
or index) that includes, relates to or derives any significant part of its value
from the Restricted Shares.

<PAGE>

     b.  Hurst  also  agrees  and  consents  to  the  entry  of  stop   transfer
instructions  with the  Company's  Transfer  Agent  against the  Transfer of the
Restricted  Shares  except in compliance  with the terms and  conditions of this
Voting Agreement.

     c. In the  event any  Restricted  Shares  are  subject  to any  involuntary
transfer,  whether  by reason of death,  bankruptcy  or divorce  proceedings  or
otherwise,  the transferee of such Restricted  Shares shall take such Restricted
Shares  subject  to  this  Voting  Agreement.  Any  purported  transfer  of  any
Restricted  Shares that is not in accordance with this Voting Agreement shall be
null and void, and shall not operate to transfer any right, title or interest in
such  Restricted  Shares to the  purported  transferee.  Hurst  agrees  that the
Company  shall not cause or permit the transfer of any  Restricted  Shares to be
made on the  Company's  books  unless the  transfer is  permitted by this Voting
Agreement and has been made in accordance with its terms.

3.   Representations,  Warranties and Covenants of Hurst.  Hurst  represents and
     warrants to, and agrees with, the Company that:

     a.  Hurst now owns,  and will at all  times up to the  termination  of this
Voting  Agreement,  continue to own, the Restricted Shares free and clear of any
liens or  encumbrances,  and,  except with respect to that  certain  Shareholder
Agreement by and between Hurst,  Cambridge Holdings,  Ltd. and the Company dated
December 28, 2001,  has not,  prior to or on the date of this Voting  Agreement,
executed or delivered  any proxy or entered  into any other voting  agreement or
similar  arrangement other than one which has expired or terminated prior to the
date hereof.

     b. Hurst has the full power and  capacity to  execute,  deliver and perform
this  Voting  Agreement,  which has been duly  executed  and  delivered  by, and
evidences the valid and binding  obligation of Hurst  enforceable  in accordance
with its terms.

     4.  Price  Gateways.  Notwithstanding  anything  contained  herein  to  the
contrary,  at such time as the closing price of the Common Stock (OTCBB:APNB) on
the OTC  Bulletin  Board,  or such  other  market  as the  Common  Stock is then
publicly  traded,  equals or exceeds each price target (the "Gateway Price") set
forth on  Schedule  A hereto  for a period of 20  consecutive  trading  days,  a
corresponding  number of the  Restricted  Shares  set forth on  Schedule  A (the
"Released  Shares") shall be released from the  restrictions of Sections 1 and 2
herein.

5.   Term and Termination. This Agreement shall continue until 15 years from the
     date hereof unless earlier terminated due to any of the following events.

     a. On October 31, 2003, if the Company has not received  gross  proceeds of
at least $1 million from the sale of the Company's  securities during the period
from June 17, 2003 through October 31, 2003 (the "2003 Private Placement");

<PAGE>

     b. At such  time as the  holders  of a  majority  of the  then  issued  and
outstanding  shares of the Common  Stock vote or consent to the  termination  of
this Voting  Agreement,  it being  understood that the Restricted  Shares or any
other shares of Common Stock owned of record or  beneficially by Hurst shall not
be included in any vote or consent and shall not be included in a calculation of
the majority of the then issued and outstanding shares;

     c. At such time as a majority  of the members of the Board vote in favor of
the termination of this Voting  Agreement,  it being understood that Hurst shall
not be allowed to participate in such vote; or

     d. At such time as Hurst can demonstrate to the reasonable  satisfaction of
the Board that all persons who  purchased  shares in the 2003 Private  Placement
have sold all of the shares  that such  persons  purchased  in the 2003  Private
Placement.

6.   Legend.  At the  Company's  request,  Hurst shall cause stock  certificates
     representing  the  Restricted  Shares to be delivered  to the Company.  The
     Company may reissue such certificates to reflect the Restricted Shares and,
     in addition to any other required legends on such certificates,  imprint or
     otherwise  place on  certificates  representing  the Restricted  Shares the
     following restrictive legend (the "Legend"):

          THE SHARES  REPRESENTED BY THIS  CERTIFICATE  ARE SUBJECT TO THE TERMS
          AND CONDITIONS OF A VOTING  AGREEMENT DATED JUNE 18, 2003 WHICH PLACES
          CERTAIN  RESTRICTIONS  ON  THE  VOTING  AND  TRANSFER  OF  THE  SHARES
          REPRESENTED  HEREBY.  COPY OF SUCH VOTING  AGREEMENT IS ON FILE AT THE
          COMPANY'S  PRINCIPAL  PLACE OF BUSINESS  AND WILL BE  FURNISHED TO THE
          RECORD HOLDER OF THIS CERTIFICATE  WITHOUT CHARGE UPON WRITTEN REQUEST
          TO THE COMPANY AT ITS PRINCIPAL PLACE OF BUSINESS.  NO TRANSFER OF THE
          SHARES  REPRESENTED BY THIS  CERTIFICATE  WILL BE EFFECTIVE UNLESS THE
          TERMS AND  CONDITIONS OF THE VOTING  AGREEMENT HAVE BEEN COMPLIED WITH
          IN FULL AND NO PERSON MAY REQUEST  THE COMPANY TO RECORD THE  TRANSFER
          OF ANY  SHARES  IF  SUCH  TRANSFER  IS IN  VIOLATION  OF  SUCH  VOTING
          AGREEMENT.

7.   Other Rights. Except as provided by this Voting Agreement, Hurst shall have
     and shall be entitled  to  exercise  the full rights of a holder of capital
     stock of the Company with respect to the Restricted Shares.

8.   Miscellaneous.

     a.  Specific  Performance.  Hurst  acknowledges  that  damages  would be an
inadequate  remedy for any breach of the provisions of this Voting Agreement and
agrees that the obligations of Hurst hereunder shall be specifically enforceable
and Hurst  shall not take any  action to impede  the  Company  from  seeking  to
enforce such right of specific  performance.  Hurst agrees that monetary damages
may not be adequate  compensation  for any loss incurred by reason of any breach
of his  obligations  in this Voting  Agreement and hereby agrees to waive in any
action for  specific  performance  of any such  obligation,  the defense  that a
remedy at law would be adequate.

<PAGE>

     b. Notices.  All notices,  demands and other  communications to be given or
delivered under or by reason of the provisions of this Voting Agreement shall be
in  writing  and shall be given and  shall be  deemed  to have been  given  when
personally  delivered or three days after being mailed, if mailed by first class
mail,  return  receipt  requested,  or one day  after  being  sent by  reputable
overnight  delivery  service,  or  when  receipt  is  acknowledged,  if  sent by
confirmed facsimile,  telecopy or other electronic transmission device. Notices,
demand and  communications to Hurst and the Company will, unless another address
is specified in writing,  be sent to the address  indicated  below,  except that
notices of change of address shall only be effective upon receipt:

             If to Hurst:
             ------------

             Roger D. Hurst
             1585 S. Perry Street
             Castle Rock, CO  80104
             Fax:  (303) 798-8332

             If to the Company:
             ------------------

             AspenBio, Inc.
             1585 S. Perry Street
             Castle Rock, CO 80104
             Fax:   (303) 798-8332

     Copies of any notices, demands and communication shall also be sent to:

             Gail Schoettler
             11855 East Daley Circle
             Parker, CO 80134

     c.  Assignment.  This Voting  Agreement and all  provisions  hereof will be
binding upon and inure to the benefit of the parties hereto and their respective
successors and permitted assigns,  except that neither this Voting Agreement nor
any of the rights,  interests or obligations  hereunder may be assigned by Hurst
without the prior written consent of the Company

     d.  Governing  Law. The internal law,  without  regard for conflicts of law
principals,  of the State of Colorado will govern all questions  concerning  the
construction,  validity  and  interpretation  of this Voting  Agreement  and the
performance of the obligations imposed by this Voting Agreement.

     e.  Adjustments.   The  number  and  kind  of  Restricted  Shares  will  be
appropriately  increased,  decreased or changed  without  further  action if the
Company effects a stock split, stock dividend, or reclassification of the Common
Stock.  In the event of a merger or a  consolidation  with another company where
the Company is not the surviving  entity,  the shares or other  consideration of
such  other  company  received  in  exchange  for the  Restricted  Shares  shall
thereafter constitute the "Restricted Shares" pursuant to this Voting Agreement.

     f. Amendment;  Waiver.  This Voting  Agreement may not be amended or waived
except,  (i) in a writing  executed by the party against which such amendment or
waiver is sought to be enforced,  and (ii) without the expressed written consent
of the  Company.  No course of dealing  between or among any persons  having any
interest in this Voting  Agreement  will be deemed  effective to modify or amend
any part of this Voting  Agreement  or any rights or  obligations  of any person
under or by reason of this Voting Agreement.

     g.  Review by Hurst.  Hurst has had the  opportunity  to review this Voting
Agreement with legal counsel and other advisors as Hurst deemed advisable, prior
to Hurst's  execution of this Agreement,  and Hurst has not relied on any advice
of Patton Boggs LLP.

     h.  Counterparts.  This  Voting  Agreement  may be  executed in one or more
counterparts,  any one of which need not contain the signatures of more than one
party,  but all such  counterparts  taken together shall  constitute one and the
same instrument.

     i. Severability. Whenever possible, each provision of this Voting Agreement
will be interpreted in such manner as to be effective and valid under applicable
law, but if any  provision of this Voting  Agreement is held to be prohibited by
or invalid under  applicable law, such provision will be ineffective only to the
extent of such provision or invalidity,  without  invalidating  the remainder of
such provision or the remaining provisions of this Voting Agreement.

     j.  Complete  Agreement.   This  Voting  Agreement  contains  the  complete
agreement  between the  parties  hereto  with  respect to the matters  addressed
herein and supersedes any prior understandings, agreements or representations by
or between the parties,  written or oral,  which may have related to the subject
matter hereof in any way.

     IN WITNESS WHEREOF,  the parties hereby have executed this Voting Agreement
as of the date first written above.

ASPENBIO, INC.

By:  /s/ Gail S. Schoettler                    /s/ Roger D. Hurst
     -------------------------------------     ---------------------------------
Name:  Gail S. Schoettler                      Roger D. Hurst
Title: Member of the Board of Directors

<PAGE>

                                   SCHEDULE A

                          Release Price Released Shares

                                 $ 6.00 450,000
                                 $ 7.00 450,000
                                 $ 8.00 450,000
                                 $ 9.00 450,000
                                 $10.00 450,000I/OMAGIC CORPORATION
                      2002 INCENTIVE STOCK OPTION AGREEMENT

     This  Incentive  Stock  Option  Agreement  (this  "Agreement")  is made and
entered  into  by  and  between  I/OMagic  Corporation,  a  Nevada  corporation
("Company"),  and  ______________ ("Optionee"), as of __________, 200_ ("Date of
Grant").  If  the  Optionee  is  presently or subsequently becomes employed by a
subsidiary  of  the  Company,  the  term  "Company"  shall  be  deemed  to refer
collectively  to  I/OMagic  Corporation  and the subsidiary or subsidiaries that
employs  the  Optionee.

                                    RECITALS

     A.     The  Board of Directors and stockholders of the Company have adopted
the  I/OMagic  Corporation  2002  Stock  Option Plan ("Plan") as an incentive to
retain key employees, officers, directors, and consultants of the Company and to
enhance  the  ability  of  the  Company  to  attract  new  employees,  officers,
directors,  and  consultants whose services are considered unusually valuable by
providing  an  opportunity  to have a proprietary interest in the success of the
Company.

The Board of Directors has established a Committee to administer the
Plan  ("Committee"), and the Committee has approved the granting of an option to
the  Optionee  pursuant  to  the Plan to provide an incentive to the Optionee to
focus  on  the  long-term  growth  of  the  Company.

                                    AGREEMENT

     In  consideration  of  the  mutual covenants and conditions hereinafter set
forth and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Company and the Optionee agree as follows:

1.     GRANT  OF OPTION. The Company hereby grants to the Optionee the right and
option ("Option") to purchase an aggregate of _____________ (_____) shares (such
number being subject to adjustment as provided in paragraph 10 below and Section
13  of  the  Plan)  of the Common Stock of I/OMagic Corporation ("Stock") on the
terms  and conditions herein set forth. This Option may be exercised in whole or
in  part and from time to time as hereinafter provided. The Option granted under
this  Agreement  is  intended  to be an "incentive stock option" as set forth in
Section  422  of  the  Internal  Revenue  Code  of  1986,  as  amended ("Code").

2.     VESTING  OF  OPTION.  The  Option  shall  vest  and become exercisable as
follows:
_____  percent  (___%)  shall  vest on the Date of Grant and an additional _____
percent  (__%) shall vest on each ________, of each year commencing on _________
and  ending on _________, whereupon the Option shall be vested as to one hundred
percent  (100%).

     3.     PURCHASE PRICE. The price at which the Optionee shall be entitled to
purchase  the  Stock covered by the Option shall be $____ per share, which price
is [100%/110%] of the Fair Market Value (as defined in the Plan) of the Stock on
the  Date  of  Grant.

4.     TERM  OF  OPTION.  The  Option granted under this Agreement shall expire,
unless otherwise exercised, [TEN/FIVE] years from the Date of Grant, through and
including  the  normal  close  of business of the Company on _____________, 20__
("Expiration  Date"),  subject to earlier termination as provided in paragraph 8
below.

5.     EXERCISE OF OPTION. The Option may be exercised by the Optionee as to all
or  any  part  of  the  Stock  then vested by delivery to the Company of written
notice of exercise and payment of the purchase price as provided in paragraphs 6
and  7  below.

<PAGE>

6.     METHOD  OF EXERCISING OPTION. Subject to the terms and conditions of this
Agreement,  the  Option  may  be  exercised by timely delivery to the Company of
written  notice,  which  notice  shall  be effective on the date received by the
Company  ("Effective  Date").  The notice shall state the Optionee's election to
exercise  the  Option,  the  number of shares in respect of which an election to
exercise  has  been made, the method of payment elected (see paragraph 7 below),
the  exact name or names in which the shares will be registered and the taxpayer
identification  number  of  the  Optionee.  The  notice  shall  be signed by the
Optionee  and  shall  be  accompanied  by  payment of the purchase price of such
shares.  If  the  Option is exercised by a person or persons other than Optionee
pursuant to paragraph 8 below, the notice shall be signed by the other person or
persons and shall be accompanied by proof acceptable to the Company of the legal
right  of  the person or persons to exercise the Option. All shares delivered by
the  Company  upon  exercise of the Option shall be fully paid and nonassessable
upon  delivery.

7.     METHOD  OF  PAYMENT  FOR  OPTIONS.  Payment for shares purchased upon the
exercise  of  the  Option  shall  be  made by the Optionee in cash or such other
method  permitted by the Plan and the Committee and communicated to the Optionee
in  writing  prior  to the date the Optionee exercises all or any portion of the
Option.

8.     TERMINATION  OF  EMPLOYMENT.

8.1     GENERAL. If the Optionee terminates employment for any other reason than
for  cause  (as  that  term  is  defined  in  the  Plan,  "Cause")  or voluntary
resignation  in  violation  of  any  agreement  to  remain  in the employ of the
Company,  then  the  Optionee  may  at  any  time  within three months after the
effective  date  of  termination of employment exercise the Option to the extent
that  the  Optionee  was  entitled  to  exercise  the  Option  at  the  date  of
termination, provided that in no event shall the Option be exercisable after the
Expiration  Date.  If  the Optionee terminates employment for Cause or voluntary
resignation  in  violation  of  any  agreement  to  remain  in the employ of the
Company,  then  the  Option  shall  terminate  immediately  upon  termination of
employment,  and  the  Option  shall  be  deemed  to  have been forfeited by the
Optionee.

     8.2     DEATH  OR  DISABILITY  OF  OPTIONEE.  In  the event of the death or
disability  (as  that term is defined in the Plan, "Disability") of the Optionee
within  a  period  during which the Option, or any part thereof, could have been
exercised by the Optionee ("Option Period"), the Option shall lapse unless it is
exercised  within  the  Option  Period  and in no event later than twelve months
after  the  date  of  the  Optionee's death or Disability by the Optionee or the
Optionee's  legal  representative or representatives in the case of a Disability
or,  in  the case of death, by the person or persons entitled to do so under the
Optionee's  last  will  and  testament  or  if  the  Optionee  fails  to  make a
testamentary  disposition of the Option or shall die intestate, by the person or
persons  entitled to receive the Option under the applicable laws of descent and
distribution.  An  Option  may be exercised following the death or Disability of
the  Optionee  only  if  the  Option was exercisable by the Optionee immediately
prior  to  his  death or Disability. In no event shall the Option be exercisable
after  the  Expiration  Date.  The  Committee  shall  have  the right to require
evidence  satisfactory  to  it of the rights of any person or persons seeking to
exercise  the  Option  under  this  paragraph  8  to  exercise  the  Option.

     9.     NONTRANSFERABILITY.  The  Option  granted  by  this Option Agreement
shall  be exercisable only during the term of the Option provided in paragraph 4
above  and, except as provided in paragraph 8 above, only by the Optionee during
his  lifetime  and  while  an  Optionee of the Company. This Option shall not be
transferable  by the Optionee or any other person claiming through the Optionee,
either  voluntarily  or involuntarily, except by will or the laws of descent and
distribution  or  such  other  events  as  are  set  forth  in  the  Plan.

10.     ADJUSTMENTS  IN  NUMBER  OF  SHARES  AND OPTION PRICE. In the event of a
stock  dividend  or  if  the  Stock is changed into or exchanged for a different
number  or  class  of  shares of stock of the Company or of another corporation,
whether through reorganization, recapitalization, stock split-up, combination of
shares,  merger  or consolidation, there shall be substituted for each remaining

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<PAGE>

share  of  Stock  then  subject to this Option the number and class of shares of
stock  into  which  each  outstanding  share of Stock is to be so exchanged, all
without  any  change in the aggregate purchase price for the shares then subject
to  the  Option,  all  as  set  forth  in  Section  13  of  the  Plan.

11.     DELIVERY  OF SHARES. No shares of Stock shall be delivered upon exercise
of  the  Option until (i) the purchase price has been paid in full in the manner
herein provided; (ii) applicable taxes required to be withheld have been paid or
withheld  in  full;  (iii)  approval  of  any governmental authority required in
connection  with  the  Option,  or  the  issuance of shares thereunder, has been
received by the Company; and (iv) if required by the Committee, the Optionee has
delivered to the Committee an Investment Letter in form and content satisfactory
to  the  Company  as  provided  in  paragraph  12  below.

12.     SECURITIES  ACT. The Company shall not be required to deliver any shares
of  Stock  pursuant  to the exercise of all or any part of the Option if, in the
opinion  of  counsel  for the Company, the issuance would violate the Securities
Act  of  1933,  as  amended, or any other applicable federal or state securities
laws  or  regulations. The Committee may require that the Optionee, prior to the
issuance  of  any shares pursuant to exercise of the Option, sign and deliver to
the  Company  a  written  statement  ("Investment  Letter") stating (i) that the
Optionee is purchasing the shares for investment and not with a view to the sale
or  distribution  thereof;  (ii)  that  the  Optionee  will  not sell any shares
received upon exercise of the Option or any other shares of the Company that the
Optionee  may  then own or thereafter acquire except either (a) through a broker
on  a national securities exchange or (b) with the prior written approval of the
Company; and (iii) containing such other terms and conditions as counsel for the
Company  may  reasonably require to assure compliance with the Securities Act of
1933,  as  amended,  or  other  applicable  federal or state securities laws and
regulations.  The  Investment  Letter shall be in form and content acceptable to
the  Committee  in  its  sole  discretion.

13.     FEDERAL  AND  STATE  TAXES.  Upon  exercise  of  the Option, or any part
thereof,  the Optionee may incur certain liabilities for federal, state or local
taxes  and  the  Company may be required by law to withhold taxes for payment to
taxing  authorities.  Upon  determination  by the Company of the amount of taxes
required  to  be  withheld,  if  any,  with  respect  to the shares to be issued
pursuant to the exercise of the Option, the Optionee shall pay all federal state
and  local  tax  withholding  requirements  to  the  Company.

14.     DEFINITIONS;  COPY  OF  PLAN.  To  the  extent not specifically provided
herein,  all  capitalized  terms  used  in this Agreement have the same meanings
ascribed  to  them in the Plan. By the execution of this Agreement, the Optionee
acknowledges  receipt  of  a  copy  of  the  Plan.

15.     ADMINISTRATION.  This  Agreement  shall  at  all times be subject to the
terms  and  conditions  of  the  Plan,  and  the  Plan  shall in all respects be
administered by the Committee in accordance with the terms of and as provided in
the Plan. The Committee shall have the sole and complete discretion with respect
to  all  matters reserved to it by the Plan and decisions of the majority of the
Committee  with  respect thereto and to this Option Agreement shall be final and
binding  upon the Optionee and the Company. In the event of any conflict between
the  terms  and conditions of this Agreement and the Plan, the provisions of the
Plan  shall  control.

16.     CONTINUATION  OF  EMPLOYMENT.  This  Agreement shall not be construed to
confer  upon the Optionee any right to continue in the employ of the Company and
shall  not  limit the right of the Company, in its sole discretion, to terminate
the  employment  of  the  Optionee  at  any  time.

17.     OBLIGATION  TO  EXERCISE.  The  Optionee  shall  have  no  obligation to
exercise  any  option  granted  by  this  Agreement.

18.     GOVERNING  LAW.  This  Agreement  shall  be interpreted and administered
under  the  laws  of  the  State  of  California.

19.     AMENDMENTS.  This  Agreement  may be amended only by a written agreement
executed  by  the  Company  and  the  Optionee.  The  Company  and  the Optionee
acknowledge  that  changes in federal tax laws enacted subsequent to the Date of
Grant,  and  applicable  to  stock  options, may provide for tax benefits to the
Company  or the Optionee. In that event, the Company and the Optionee agree that

                                        3
<PAGE>

this  Agreement  may  be  amended as necessary to secure for the Company and the
Optionee any benefits that may result from that legislation. Any amendment shall
be  made  only  upon the mutual consent of the parties, which consent (of either
party)  may  be  withheld  for  any  reason.

20.     ENTIRE AGREEMENT. This Agreement sets forth the entire agreement between
the parties with regard to the subject matter of this Agreement. All agreements,
covenants, representations and warranties, express or implied, oral and written,
of the parties with regard to the subject matter of this Agreement are contained
in  this  Agreement and the documents referred to or implementing the provisions
of  this  Agreement.  No  other  agreements,  covenants,  representations  or
warranties,  express or implied, oral or written, have been made by either party
to the other with respect to the subject matter of this Agreement. All prior and
contemporaneous  conversations,  negotiations,  covenants  and  warranties  with
respect  to  the  subject  matter  of  this Agreement are waived, merged in this
Agreement  and  superseded  by  this  Agreement.

21.     TAX  INFORMATION AND NOTICE OF DISQUALIFYING DISPOSITION. This Option is
intended to be eligible for treatment as an Incentive Stock Option under Section
422  of  the  Code.  Whether  this  Option  will receive that tax treatment will
depend,  in  part, on the actions by the Optionee after exercise of this Option.
For  example,  if  the Optionee disposes of any of the Stock acquired under this
Option  within  two years after the Date of Grant or within one year of the date
of  exercise  of this Option, the Optionee may lose the benefits of Code Section
422.  Accordingly, the Company makes no representations by way of the Plan, this
Agreement,  or  otherwise,  with  respect  to the actual tax consequences of the
grant  or  exercise  of  this  Option or the subsequent disposition of the Stock
acquired  under  this  Option.

          If  the  Optionee  sells or makes a disposition (within the meaning of
Section 422 of the Code) of any of the Stock acquired under this Option prior to
the  later of (i) one year from the date of exercise of this Option, or (ii) two
years  from the Date of Grant, the Optionee agrees to give written notice to the
Company  of  the  disposition. The notice shall include the Optionee's name, the
number, exercise price and exercise date of the shares of Stock disposed of, and
the  date  of  disposition.

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by
its  officer  thereunto duly authorized and the Optionee has hereunto set his or
her  hand  as  of  the  date  first  written  above.

I/OMAGIC  CORPORATION                    OPTIONEE

By:____________________________          ____________________________________
     Tony  Shahbaz,  President           [INSERT  OPTIONEE  NAME]

                                        4
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00053-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00053-of-00352.parquet"}]]