Document:

EXHIBIT 10.7

                              EMPLOYMENT AGREEMENT

               THIS EMPLOYMENT AGREEMENT (this "AGREEMENT") is made and entered
into as of July 1, 2004, by and between Bionovo, Inc., a Delaware corporation
(the "COMPANY"), and Isaac Cohen ("EXECUTIVE"). The parties agree as follows:

1.   START DATE; TERM. This Agreement will be effective as of the date of this
     Agreement, and the Executive's "TERM OF EMPLOYMENT" (as defined below) will
     commence as of the date of this Agreement (the "START DATE").

2.   POSITION AND DUTIES.

          A.   POSITION; DUTIES. The Company employs Executive as ACTING CHIEF
               EXECUTIVE OFFICER AND CHIEF SCIENTIFIC OFFICER (the "POSITION")
               commencing as of the Start Date for the TERM OF EMPLOYMENT.
               Executive shall have the powers and shall perform the services
               and duties that are customarily associated with the Position (the
               "COMPANY MATTERS"). Executive shall comply with the Company's
               policies and rules, as they may be in effect from time to time
               during the Term of Employment with the Company. Executive agrees
               to devote substantially all of Executive's time, energy and
               ability to the business of the Company. Executive may devote such
               time that the Executive deems appropriate for managing
               Executive's own investment portfolio and may with the consent of
               the Company be a member of the Board of Directors of non-profit,
               civic or charitable organizations so long as it does not
               materially interfere or conflict with the Position. Executive
               shall not engage in any conduct that is actually in direct
               conflict with the essential enterprise-related interests of the
               Company or its affiliates for which Executive performs services,
               and Executive acknowledges and agrees that a breach of this
               provision will cause a material and substantial disruption of the
               Company's or its affiliates' business. Executive shall perform
               the duties assigned to Executive to the best of Executive's
               ability and in the best interests of Company. Executive, in
               Executive's capacity as an employee and officer of the Company,
               will report to, and be responsible to and obey the reasonable and
               lawful directives of, the Board of Directors of the Company (the
               "BOARD"). Notwithstanding the foregoing, Executive's Position
               will not be changed, and Executive's duties will not be
               materially reduced, without the consent of Executive except (i)
               pursuant to a termination as set forth in SECTION 5 or (ii) to
               another senior executive officer level position of the Company,
               with senior executive officer level responsibilities, as
               determined by the Board.

          B.   PRINCIPAL EXECUTIVE OFFICES. Executive's principal executive
               office will be located in EMERYVILLE, CALIFORNIA and WILL NOT BE
               MOVED WITHOUT THE WRITTEN CONSENT OF EXECUTIVE.

<PAGE>

3.   COMPENSATION.

          A.   BASE SALARY. The Company will pay to Executive a base salary at
               the annual rate of $180,000, less standard withholding and
               authorized deductions, in accordance with the Company's regular
               payroll policies. The Company agrees that such salary will be
               reviewed annually by the Board and, if appropriate, will be
               increased therefrom. Executive's annual salary, as set forth in
               this SECTION 3(A) or as it may be increased from time to time as
               set forth herein, will be referred to hereinafter as the "BASE
               SALARY." At no time during the Term of Employment will
               Executive's Base Salary be decreased from the amount of the Base
               Salary then in effect without Executive's written consent.

          B.   BONUS. In addition to the compensation otherwise payable to
               Executive pursuant to this Agreement, Executive will be eligible
               to receive annual bonuses in cash and/or options to purchase
               common stock of the Company to the extent, if any, awarded by the
               Board in its sole discretion (the "BONUS").

          C.   STOCK OPTIONS. The Company will grant stock options to Executive
               under the Company's stock incentive plan (the "PLAN") to purchase
               shares of common stock of the Company as determined by the
               discretion of the Board and subject to the terms and conditions
               of the Plan and an option agreement between the Company and
               Executive.

4.   BENEFITS. During the Term of Employment:

          A.   BENEFITS. Executive will be eligible to participate in any life,
               health and long-term disability insurance programs, pension and
               retirement programs, stock option and other incentive
               compensation programs, and other fringe benefit programs made
               available to senior executive employees of the Company from time
               to time, and Executive will be entitled to receive such other
               fringe benefits as may be granted to Executive from time to time
               by the Board.

          B.   VACATION; SICK DAYS. Executive will accrue vacation benefits at
               the rate of four weeks of paid vacation per calendar year up to a
               maximum accrual of 10 weeks. If at any time Executive accrues 10
               weeks of unused vacation benefits, Executive shall cease accruing
               any vacation benefits until Executive uses some of Executive's
               accrued vacation at which point Executive will begin accruing
               vacation benefits again up to the 10-week maximum. Executive will
               be eligible for 20 sick days per calendar year. Sick days will
               not be carried over to the following year, nor will they be paid
               out upon termination. In addition, during any period that
               Executive is unable to perform the essential functions of
               Executive's Position with or without reasonable accommodation as
               a result of incapacity due to physical or mental illness,
               Executive will continue to receive Executive's

<PAGE>

               Base Salary, any earned and unpaid Bonus and other benefits
               provided hereunder, together with all compensation payable to
               Executive under the Company's disability plan or program or other
               similar plan during such period, until Executive's employment
               under this Agreement is terminated pursuant to SECTION 5(D).

          C.   FAMILY CARE LEAVE. Executive will be entitled to take a total of
               8 work-weeks of paid leave during any 12-month period for one or
               more of the following: (i) because of the birth of a son or
               daughter of the Executive and in order to care for such son or
               daughter, (ii) because of the placement of a son or daughter with
               the Executive for adoption or foster care, or (iii) in order to
               care for the spouse, domestic partner, or a son, daughter, or
               parent, of the Executive, if such spouse, domestic partner, son,
               daughter, or parent has a Serious Health Condition. The
               entitlement to leave under this Section for a birth or placement
               of a son or daughter shall expire at the end of the 12-month
               period beginning on the date of such birth or placement.
               Executive may use family care leave under this Section
               intermittently or on a reduced leave schedule for the purposes
               set forth in 29 C.F.R. ss. 825.203. Executive shall be entitled,
               on return from such leave, to be restored by the Company to the
               position of employment held by Executive when the leave
               commenced. For purposes of this Section, "Serious Health
               Condition" means an illness, injury, impairment, or physical or
               mental condition that involves (i) inpatient care in a hospital,
               hospice, or residential medical care facility; or (ii) continuing
               treatment by a health care provider, as such terms are defined in
               29 C.F.R. ss. 825.114. The 12-month period is measured on a
               "rolling" system, backward from the date Executive uses any
               family care leave.

          D.   BUSINESS EXPENSES. The Company will reimburse Executive for
               reasonable business expenses incurred in performing Company
               Matters, including, but not limited to, reasonable entertainment
               expenses, travel and lodging expenses, long distance and cellular
               telephone expenses, and approved professional memberships,
               following presentation of documentation in accordance with the
               Company's business expense reimbursement policies.

          E.   AUTOMOBILE. The Company will secure a leased vehicle for
               Executive with an initial down payment of no more than $4,000 and
               monthly payments that do not exceed $550.

          F.   INDEMNIFICATION. Executive will be added as an additional named
               insured under all liability insurance policies covering any
               officer or director of the Company in his or her capacity as an
               officer or director. Company will indemnify Executive in
               Executive's capacity as an officer or director and hold him
               harmless from any cost, expense or liability arising out of or
               relating to any acts or decisions made by Executive on behalf of
               or in the course of performing Company Matters to the maximum
               extent provided

<PAGE>

               by the Company's Certificate of Incorporation and Bylaws and by
               applicable law.

5.   TERM. As used herein, the phrase "TERM OF EMPLOYMENT" will mean the period
     commencing on the Start Date and ending three years from the Start Date;
     [PROVIDED that, unless either the Company or Executive provides at least
     one (1) month notice to the contrary, the Term of Employment will
     automatically be extended at the end of each Term of Employment for an
     additional one (1) year period;] PROVIDED, FURTHER, that the Term of
     Employment will terminate earlier on the first to occur of any of the
     events specified in this SECTION 5 (any such date of termination pursuant
     to this SECTION 5, the "TERMINATION DATE").

          A.   TERMINATION WITHOUT CAUSE OR WITH GOOD REASON.

               (i)  Notwithstanding anything to the contrary in this Agreement
                    whether express or implied, the Company may terminate the
                    Term of Employment at any time, for any reason other than
                    Cause (as defined below), Disability (as defined below), or
                    Executive's death, by giving Executive at least [ninety
                    (90)] days' prior written notice of the effective date of
                    termination following any applicable cure period. Executive
                    may terminate the Term of Employment at any time with Good
                    Reason (as defined below) by giving the Company at least
                    [thirty (30)] days' prior written notice and the 30-day cure
                    period set forth below.

               (ii) For purposes of this Agreement, "GOOD REASON" will mean the
                    Company: (1) terminates Executive's employment without
                    Cause, (2) materially reduces or changes Executive's
                    Position or responsibilities without Executive's consent,
                    except as set forth in SECTION 2(A), (3) reduces Executive's
                    Base Salary or materially and adversely affects the working
                    conditions of Executive, or (4) otherwise materially
                    breaches a material term of this Agreement (including
                    without limitation its obligations under SECTION 2 hereof);
                    PROVIDED, HOWEVER, that with respect to the events specified
                    in SUBSECTIONS 5(A)(ii)(2), (3) and (4) the Executive must
                    provide the Company with (a) reasonable written notification
                    of such alleged events, activities or omissions, and (b) 30
                    days to cure such events, activities or omissions, if
                    curable.

          B.   TERMINATION FOR CAUSE. The Company will have the right to
               terminate Executive's employment at any time for Cause by giving
               Executive written notice of the effective date of termination
               (which effective date may, except as otherwise provided below, be
               the date of such notice). For purposes of this Agreement, "CAUSE"
               will mean:

<PAGE>

               (i)     theft, forgery, fraud, misappropriation, embezzlement,
                       moral turpitude or other act of material misconduct by
                       Executive against the Company or any of its affiliates;

               (ii)    willful and knowing violation by Executive of any rules
                       or regulations of any governmental or regulatory body,
                       which is or could reasonably be expected to be materially
                       injurious to the Company;

               (iii)   conviction of Executive of, or plea of guilty or NOLO
                       CONTENDERE by Executive to, a felony or any crime of
                       theft, forgery, fraud, misappropriation, embezzlement,
                       moral turpitude or other act of material misconduct;

               (iv)    failure to devote substantially all of Executive's full
                       professional time, attention, energies and abilities to
                       Executive's employment for the Company; PROVIDED,
                       HOWEVER, that Executive must receive (A) reasonable
                       written notification of the Company's intended actions
                       and specifically describing the alleged events,
                       activities or omissions giving rise thereto, and (B) with
                       respect to a breach for which a cure is possible, a
                       reasonable opportunity (of not less than fourteen (14)
                       days) to cure such breach;

               (v)     a material violation by Executive of any fiduciary duty
                       owed by Executive to the Company; or

               (vi)    any breach by Executive of this Agreement or other
                       agreements between Executive and the Company that causes
                       a material adverse consequence on the business,
                       properties, assets, results of operations, or condition
                       (financial or otherwise) of the Company taken as a whole;

               PROVIDED, HOWEVER, that Executive must receive (A) reasonable
               written notification of the Company's intended actions and
               specifically describing the alleged events, activities or
               omissions giving rise thereto, and (B) with respect to a breach
               for which a cure is possible, thirty (30) days to cure such
               breach.

          C.   TERMINATION ON ACCOUNT OF DEATH. Upon Executive's death,
               Executive's employment under this Agreement will terminate
               immediately.

          D.   TERMINATION ON ACCOUNT OF DISABILITY. To the extent not
               prohibited by The Americans with Disabilities Act of 1990, or the
               California Fair Employment and Housing Act, or any other
               applicable law, if, as a result of Executive's physical or mental
               impairment (as determined in good faith by Executive's
               physician), Executive is unable to perform the essential
               functions of the Position with or without reasonable
               accommodation for more than 12 weeks out of any consecutive
               12-month period, then

<PAGE>

               Executive's employment may be terminated for "DISABILITY."
               Thereafter, Executive's benefits will be determined under the
               Company's retirement, insurance, and other compensation and
               benefit plans and programs then in effect, in accordance with the
               terms of such programs.

          E.   CONCLUSION OF THE TERM. Upon the conclusion of the Term of
               Employment, Executive's employment under this Agreement will
               terminate.

          F.   OBLIGATIONS UPON TERMINATION.

               (i)     If Executive's employment is terminated pursuant to
                       SECTION 5(A)(i), Executive will continue to receive
                       Executive's Base Salary under SECTION 3(A), earn and
                       receive any unpaid Bonus under SECTION 3(B), and accrue
                       vacation benefits under SECTION 4(B), that Executive
                       would have received, earned or accrued during the period
                       commencing on the effective date of such termination and
                       ending six months thereafter (the "SALARY CONTINUATION
                       PERIOD").

               (ii)    During the Salary Continuation Period, Executive and
                       Executive's spouse, dependents and beneficiaries, as
                       applicable, will also be entitled to continue at the
                       Company's expense to be covered by all group medical,
                       health and accident insurance or other such health care
                       arrangements at the same coverage level and on the same
                       terms and conditions which applied immediately prior to
                       the effective date of Executive's termination of
                       employment pursuant to this SECTION 5(A), until Executive
                       obtains alternative comparable coverage under another
                       group plan, which coverage does not contain any
                       pre-existing condition exclusions or limitations, but in
                       no event more than six months. At the termination of the
                       benefits coverage under the preceding sentence, Executive
                       and Executive's spouse, dependents and beneficiaries, as
                       applicable, may elect to continue health care coverage
                       under the Consolidated Omnibus Budget Reconciliation Act
                       of 1985, as amended, and under any other applicable law,
                       to the extent required by such laws, as if Executive had
                       terminated employment with the Company on the date such
                       benefits coverage terminates.

               (iii)   If Executive's employment is terminated pursuant to
                       SECTION 5(B), (C) or (D), upon the Termination Date, the
                       Company shall pay Executive all earned but unpaid
                       compensation (i.e, Base Salary and Bonus), all accrued
                       but unused vacation benefits, and any other benefits that
                       are due as determined by and in accordance with the
                       Company's retirement, insurance, and other compensation
                       and benefit plans and programs then in effect. The
                       Company has no further obligations under this Agreement
                       to Executive.

<PAGE>

6.   CONFIDENTIAL INFORMATION; OWNERSHIP. As a condition of Executive's
     employment, Executive agrees to and executes the Company's Proprietary
     Information and Inventions Agreement, which is hereby incorporated by
     reference as if set forth fully herein.

7.   MITIGATION. If Executive's employment is terminated pursuant to SECTION
     5(A), Executive will have a duty to mitigate any damages under this
     Agreement by seeking other comparable employment. If Executive accepts
     employment elsewhere after termination pursuant to SECTION 5(A), the
     Company will have the right to offset any amounts paid to Executive from
     such other employment against any amounts owed to Executive by the Company
     pursuant to SECTION 5(A) during the Salary Continuation Period.

8.   DESIGNATED BENEFICIARY. Upon the death of Executive while in the employ of
     the Company, or at any time thereafter during which amounts remain payable
     to Executive under SECTION 5, such payments (other than the right to
     continuation of welfare benefits) will thereafter be made to such person or
     persons as Executive may specifically designate (successively or
     contingently) to receive payments under this Agreement following
     Executive's death by filing a written beneficiary designation with the
     Company during Executive's lifetime. Such beneficiary designation will be
     in such form as may be prescribed by the Company and may be amended from
     time to time or may be revoked by Executive pursuant to written instruments
     filed with the Company during Executive's lifetime. Beneficiaries
     designated by Executive may be any natural or legal person or persons,
     including a fiduciary, such as a trustee or a trust or the legal
     representative of an estate. Unless otherwise provided by the beneficiary
     designation filed by Executive, if all of the persons so designated die
     before Executive on the occurrence of a contingency not contemplated in
     such beneficiary designation, then the amounts payable under this Agreement
     will be paid to Executive's estate.

9.   ARBITRATION. Any controversy or claim arising out of, relating to, or
     connected with this Agreement, its enforcement, arbitrability or
     interpretation, or because of an alleged breach, default, or
     misrepresentation in connection with any of its provisions, or arising out
     of, relating in any way to, or connected with Executive's employment or
     termination of employment, including, for example, any alleged violation of
     statute, common law or public policy, shall be submitted to final and
     binding arbitration, to be held in Alameda County, California, before a
     single arbitrator, in accordance with the then-current JAMS Arbitration
     Rules and Procedures for Employment Disputes, as modified by the terms and
     conditions contained in this paragraph. The arbitrator shall be selected by
     mutual agreement of the parties or, if the parties cannot agree, then by
     striking from a list of arbitrators supplied by JAMS. The arbitrator shall
     issue a written opinion stating the essential findings and conclusions upon
     which the arbitrator's award is based. The Company will pay the
     arbitrator's fees and arbitration expenses and any other costs unique to
     the arbitration hearing (recognizing that each side bears its own
     deposition, witness, expert and attorneys' fees and other expenses to the
     same extent as if the matter were being

<PAGE>

     heard in court). If, however, any party prevails on a statutory claim,
     which affords the prevailing party attorneys' fees and costs, then the
     arbitrator may award reasonable fees and costs to the prevailing party as
     provided by applicable law. The arbitrator shall resolve any dispute as to
     who is a prevailing party and/or the reasonableness of any fee or cost.

10.  LIMITATION ON CLAIMS. Executive agrees that no claim against the Company
     will be valid if asserted more than 12 months after termination of
     employment with the Company, and Executive waives any statute of
     limitations to the contrary.

11.  NAME AND LIKENESS. Executive consents to the use and publication, without
     further consideration, of Executive's name, picture and image in training
     and promotional materials and other materials relating to the business of
     the Company, regardless of whether such use or publication is in the form
     of printed matter, photographs, audio tape, video tape, computer disk,
     electronic transmission, or otherwise. Such consent applies both to the use
     and publication of such items during the Term of Employment with the
     Company and during a reasonable time thereafter, such reasonable time
     thereafter to depend upon the nature of the use.

12.  MISCELLANEOUS.

          A.   SEVERABILITY. If any provision of this Agreement or any portion
               thereof is declared invalid, illegal, or incapable of being
               enforced by any court of competent jurisdiction, the remainder of
               such provisions and all of the remaining provisions of this
               Agreement will continue in full force and effect, and the parties
               agree to limit (and to replace, if necessary) such invalid,
               illegal, or incapable provision with a provision that
               accomplishes substantially the same intent but that is limited to
               the maximum extent permitted by law. By way of clarification but
               not limitation, the unenforceability or invalidity of any term or
               provision of this Agreement will not by virtue thereof render any
               other term or provision contained herein unenforceable or
               invalid.

          B.   CHOICE OF LAW. This agreement will be construed and interpreted
               in accordance with the internal laws of the State of California.

          C.   ASSIGNMENT. The Company may assign this Agreement to any direct
               or indirect subsidiary or parent of the Company or joint venture
               in which the Company has an interest, or any successor (whether
               by merger, consolidation, purchase or otherwise) to all or
               substantially all of the stock, assets or business of the
               Company, and this Agreement will be binding upon and inure to the
               benefit of such successors and assigns. Otherwise, this Agreement
               may not be assigned without the prior written consent of the
               other party.

<PAGE>

          D.   NO ABROGATION. Any rights of Executive hereunder will be in
               addition to any rights Executive may otherwise have under benefit
               plans, agreements, or arrangements of the Company to which
               Executive is a party or in which Executive is a participant,
               including, but not limited to, any Company- sponsored employee
               benefit plans. Provisions of this Agreement will not in any way
               abrogate Executive's rights under such other plans, agreements,
               or arrangements.

          E.   NOTICE. All notices (including other communications required or
               permitted) under this Agreement must be in writing and must be
               delivered (i) in person; (ii) by registered or certified mail,
               postage prepaid, return receipt requested; (iii) by a generally
               recognized courier or messenger service that provides written
               acknowledgement of receipt by the addressee; or (iv) by facsimile
               or other generally accepted means of electronic transmission with
               a verification of delivery. Notices are deemed delivered when
               actually delivered to the address for notices. Notices must be
               given to parties at the address set forth below, although any
               party may furnish, from time to time, other addresses for notices
               to it.

IF TO EXECUTIVE:                           Isaac Cohen, OMD, LAc
                                           361 La Salle Avenue
                                           Piedmont, CA

IF TO THE COMPANY:                         Bionovo, Inc.
                                           2200 Powell Street, Suite 675
                                           Emeryville, CA 94608
                                           Attention Board of Directors

WITH COPIES TO:                            John A. Laco, Esq.
                                           O'Melveny & Myers LLP
                                           400 South Hope Street
                                           Los Angeles, California 90071

          F.   HEADINGS. Section headings in this Agreement are included herein
               for convenience of reference only and will not constitute a part
               of this Agreement for any other purpose.

          G.   NO WAIVER. Failure to insist upon strict compliance with any of
               the terms, covenants, or conditions hereof will not be deemed a
               waiver of such term, covenant, or condition, nor will any waiver
               or relinquishment of, or failure to insist upon strict compliance
               with, any right or power hereunder at any one or more times be
               deemed a waiver or relinquishment of such right or power at any
               other time or times.

<PAGE>

          H.   COUNTERPARTS. This Agreement may be executed in several
               counterparts, each of which will be deemed to be an original but
               all of which together will constitute one and the same
               instrument. A facsimile signature page will be deemed an
               original.

          I.   ENTIRE AGREEMENT; AMENDMENT. This Agreement along with the PIIA
               (i) contains a complete statement of all the arrangements between
               the parties with respect to Executive's employment by the
               Company, (ii) supersedes all prior and existing negotiations and
               agreements between the parties concerning Executive's employment
               and the matters contained herein, and (iii) can only be waived,
               changed or modified pursuant to a written instrument duly
               executed by each of the parties hereto.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the day and year first above written.

                                              [EXECUTIVE'S NAME]
                                              --------------------------
                                              Name:
                                                    -----------------

                                              BIONOVO, INC.

                                              By:
                                                  -----------------------
                                              Name
                                                   -------------------------
                                              Title:
                                                     -----------------------EXHIBIT 10.8

                       ASSIGNMENT AND ASSUMPTION AGREEMENT

        THIS  ASSIGNMENT AND ASSUMPTION  AGREEMENT  ("Agreement")  is made as of
this 6th day of April 2005 by and among  LIGHTEN UP  ENTERPRISES  INTERNATIONAL,
INC., a Nevada corporation  ("Assignee"),  BIONOVO, INC., a Delaware corporation
("Assignor"), and Isaac Cohen ("Executive").

                                    RECITALS:

        A.      Assignee and Executive have entered into that certain Employment
Agreement as of July 1, 2004 ("Employment Agreement");

        B.      Assignor,  Assignee and LTUP  Acquisition  Corp., a wholly-owned
subsidiary  of  Assignee  ("Acquisition  Corp."),  are  parties to that  certain
Agreement  of Merger  and Plan of  Reorganization  dated of even  date  herewith
("Merger  Agreement"),  pursuant to which, among other things,  LTUP Acquisition
Corp. will merge with and into Assignee (the "Merger"); and

        C.      The execution  and delivery of this  Agreement is a condition to
the closing of the Merger pursuant to the Merger Agreement.

        NOW,  THEREFORE,  in  consideration  of these  premises  and the  mutual
promises  and  covenants  hereinafter  set forth and of other good and  valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows:

        1.      ASSIGNMENT AND  ASSUMPTION.  Assignor  hereby assigns all of its
rights and obligations  under the Employment  Agreement to Assignee and Assignee
hereby agrees to assume all such rights and obligations.

        2.      CONSENT.  Executive hereby consents to the within assignment and
assumption.

        3.      GENERAL.  This  Agreement  may  be  executed  and  delivered  in
counterparts  and by facsimile  machine,  each of which shall be deemed to be an
original but all of which together shall constitute one and the same instrument.
This  Agreement  shall be  governed  by and  construed  in  accordance  with the
domestic  laws of  California  without  giving  effect  to any  choice of law or
conflicting   law  provision  or  rule  (whether  of  California  or  any  other
jurisdiction)  that would cause the application of the laws of any  jurisdiction
other than  California.  The recitals  hereto are a material part hereof and are
incorporated  in this  Agreement by reference as if fully set forth  herein.  No
change or  modification  of this Agreement  shall be valid unless the same is in
writing and is signed by both parties.  In the event that any of the  provisions
of this Agreement shall be held by a court of law or other tribunal of competent
jurisdiction to be illegal,  invalid or unenforceable,  the remaining provisions
shall remain in full force and effect,  and to this end the  provisions  of this
Agreement  are  declared  to  be  severable.   Captions  and  headings  are  for
convenience  only,  are not deemed to be part of this Agreement and shall not be
used in the interpretation of this Agreement.

<PAGE>

        IN  WITNESS  WHEREOF,  the  parties  have  caused  this  Assignment  and
Assumption  Agreement  to be  executed  as of the day and year first set for the
above.

                                    ASSIGNEE:

                                    LIGHTEN UP ENTERPRISES INTERNATIONAL, INC.

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

                                    ASSIGNOR:

                                    BIONOVO, INC.

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

                                    EXECUTIVE:

                                    --------------------------------------------
                                    Isaac Cohen

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]