Document:

ESCROW
AGREEMENT

    

    ESCROW AGREEMENT ("Escrow Agreement")
dated as of July 3, 2008 by and among AMERICAN
SCIENTIFIC RESOURCES, INC., a Nevada corporation
("Company") and
The Tripod Group,
LLC,  a Wisconsin limited liability company ("Purchaser"), and
Robert C. Laskowski ("Escrow
Agent").

    

    WHEREAS, the Company is the
beneficial and record owner of 18,000,000 shares of the Company's common stock
(the “Escrow
Shares”) to be held in escrow under this Escrow Agreement in order to be
made available for conversion by Purchaser under the Company's Series A 8%
Convertible Redeemable Debenture due March 18, 2010 (the “Initial Debenture”)
and the
Company's Series A 8% Convertible Redeemable Debenture due July 3, 2010
in the principal amount of $15,000 (the “New Debenture” and
together with the Initial Debenture, the “Debentures”);

    

    WHEREAS, in
order to induce the Purchaser to purchase the New Debenture and in order to
comply with the terms of the Initial Debenture, the Company has agreed to
execute this Escrow Agreement and to deliver the Escrow Shares as security for
its performance under the Debentures and the Securities Sale Agreement between Purchaser and the
Company dated as of March 18, 2008 (the “Sale
Agreement”); and

    

    WHEREAS, in the event that
Purchaser exercises its rights of conversion under the  Debentures,
the Escrow Shares shall be made available for such purpose under this Escrow
Agreement.

    

    
      NOW THEREFORE, in
consideration of the respective premises, mutual covenants and agreements of the
parties hereto, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

    

    

    1.           Appointment of Escrow
Agent.  Escrow Agent is hereby appointed as escrow agent and
the Escrow Agent hereby accepts such appointment.  The Escrow Agent
shall act in accordance with the instructions set forth in this Escrow Agreement
and any further instructions given to it by written instrument signed by Company
and Purchaser.

    

    2.           Escrow Shares Delivery and
Application

    

    (a)           On
the date hereof the Company shall deposit in an account which the Escrow Agent
maintains at a registered brokerage firm ("Brokerage Firm") issued in the name
of Escrow Agent the Escrow Shares, which shall not contain any restrictive
legend of any nature.

    
      
         

      

      
        
           

        

        
          

        

      

      
         

      

    

    (b)           The
Escrow Agent shall act solely as a stakeholder with respect to the Escrow
Shares.  Accordingly, the Escrow Agent shall not have the power to
vote the Escrow Shares, nor shall the Escrow Agent have any beneficial interest
in the Escrow Shares.

    

    (c)           Each
notice of conversion of the Debenture (a “Notice of Conversion”) shall be
simultaneously sent to the Company, as required by the terms of such Debenture
and/or the Sale Agreement, and to the Escrow Agent.  In the event
there are any errors or discrepancies in the Notice of Conversion, the Company
and the Purchaser will cooperate fully in resolving such errors.  Upon
Escrow Agent’s receipt of a copy of a Notice of Conversion and, provided that
Escrow Agent has not received a notice from the Company indicating any errors or
discrepancies in the Notice of Conversion, and, provided that Escrow Agent has
not received a notice from the Company indicating any errors or discrepancies in
the Notice of Conversion (in which event the Escrow Agent will promptly notify
Purchaser of such notice and will use reasonable efforts assist the Company and
Purchaser in resolving the issue), (i) the number of Escrow Shares set forth in
the Notice of Conversion shall become the property of the Purchaser, and (ii)
the Escrow Agent shall permit the Brokerage Firm to journal such shares over to
the Purchaser's account at the Brokerage Firm or to such other account as the
Purchaser shall direct. Until such Notice of Conversion is received, Purchaser
shall have absolutely no right, title or interest in any of the Escrow Shares
unless there is a Default or Event of Default (as defined in the
Debentures).

    

    (d)Purchaser shall
have the right under this Escrow Agreement to send Notices of Conversion for
either Debenture, and in any order selected by the Purchaser in its sole and
absolute discretion, subject to the terms of the Debentures.

    

    3.           Default

    

    (a)           If
Purchaser sends the Escrow Agent a Notice of Default under either Debenture, or
if, for any reason, the Company is unable, fails or refuses to deliver common
stock to Purchaser as required under the Debentures, the Escrow Agent shall then
release all the Escrow Shares to the Purchaser.

    

    (b)           Escrow
Agent is specifically authorized to rely upon the validity and effectiveness of
any Notice of Default, received by the Escrow Agent.

    

    (c)           Upon
payment in full by the Company of either Debenture, or upon conversion of both
the Debentures into Conversion Shares (as such term is defined in the
Debentures), any remaining Escrow Shares shall be delivered by the Escrow Agent
to the Company, and upon such delivery, none of the parties to this Escrow
Agreement shall have any further obligations to the others.  In the
event that the Escrow Shares are delivered to the Purchaser upon an Event of
Default, the Escrow Agent shall have no further obligations under this Escrow
Agreement.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    4.           Indemnification.  The
Purchaser and the Company agree, jointly and severally, to indemnify, defend and hold harmless the
Escrow Agent from and against any and all costs (including, without limitation,
legal fees and expenses), liabilities, claims and losses arising out of or in
connection with this Escrow Agreement or any action or failure to act by the
Escrow Agent under this Escrow Agreement, except as provided in paragraph 5
below.

    

    5.           Concerning the Escrow
Agent.  To induce the Escrow Agent to act hereunder, it is
further agreed by the undersigned that:

    

    (a)           This
Escrow Agreement expressly sets forth all the duties of the Escrow Agent with
respect to any and all matters pertinent hereto.  No implied duties or
obligations shall, on the part of the Escrow Agent, be read into this Escrow
Agreement.  The Escrow Agent shall not be bound by the provisions of
any agreement among the other parties hereto except this Escrow
Agreement.

    

    (b)           The
Escrow Agent shall not be liable for any action or failure to act in its
capacity as Escrow Agent hereunder unless such action or failure to act shall
constitute willful misconduct on the part of the Escrow Agent, in which case
there shall be no indemnification obligations.

    

    (c)The
Escrow Agent shall be entitled to rely upon any order, judgment, certification,
demand, notice, instrument or other writing delivered to it hereunder without
being required to determine the authenticity or the correctness of any fact
stated therein or the propriety or validity of the service
thereof.  The Escrow Agent may act in reliance upon any instrument or
signature believed by it to be genuine and may assume, unless he has actual
knowledge to the contrary, that any person purporting to give notice or receipt
or advice or make any statement or execute any document in connection with the
provisions hereof has been duly authorized to do so.

    

    (d)           The
Escrow Agent may act pursuant to the advice of counsel with respect to any
matter relating to this Escrow Agreement and shall not be liable for any action
taken or omitted in accordance with such advice, except as provided in paragraph
5(b) above.

    

    (e)           The
Escrow Agent does not have and shall not have any interest whatsoever in the
Escrow Shares or any other property deposited hereunder but is serving as escrow
holder only and having only possession thereof with no rights as a shareholder
of the Company, and is not charged with any duty or responsibility to determine
the validity or enforceability of any such documents.  Furthermore,
the Escrow Agent shall have no right to vote the Escrow Shares or have any other
pecuniary rights in the Escrow Shares or have control of, direct or indirect, or
role in the Company’s corporate governance or otherwise.  The Escrow
Agent may not assert any lien on the Escrow Shares for payment of any fee due
the Escrow Agent.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (f)           The
Escrow Agent (and any successor Escrow Agent) may at any time resign as such by
delivering the Escrow Shares to any successor Escrow Agent, jointly designated
by the other parties hereto in writing, or to any court of competent
jurisdiction, whereupon the Escrow Agent shall be discharged of and from any and
all further obligations arising in connection with this Escrow Agreement
thereafter.  The resignation of the Escrow Agent will take effect on
the earlier of (a) the appointment of a successor (including a court of
competent jurisdiction) or (b) the day which is 30 days after the date of
delivery of its written notice of resignation to the other parties
hereto.  If at that time the Escrow Agent has not received a
designation of a successor Escrow Agent, the Escrow Agent's sole responsibility
after that time shall be to safekeep the Escrow Shares and not make delivery or
disposition thereof until receipt of a designation of successor Escrow Agent or
a joint written disposition instruction by the other parties hereto or a final
order of a court of competent jurisdiction.

    

    (g)           In
the event of any disagreement among the parties hereto resulting in adverse
claims or demands being made in connection with the Escrow Shares, or in the
event that the Escrow Agent otherwise determines that the Escrow Shares should
be retained, then the Escrow Agent may retain the Escrow Shares until the Escrow
Agent shall have received (i) a final nonappealable order of a court of
competent jurisdiction directing delivery of the Escrow Shares or (ii) a written
agreement executed by the other parties hereto directing delivery of the Escrow
Shares, in which case the Escrow Agent shall promptly deliver the Escrow Shares
in accordance with such order or agreement.  Any court order referred
to in (i) above shall be accompanied by a legal opinion by counsel for the
presenting party reasonably satisfactory to the Escrow Agent to the effect that
said court order is final and nonappealable.  The Escrow Agent shall
act on such court order and legal opinion without further question.

    

    (h)           This
Escrow Agreement shall be binding upon and inure solely to the benefit of the
parties hereto and their respective successors (including successors by way of
merger) and assigns, heirs, administrators and representatives, and shall not be
enforceable by or inure to the benefit of any third party except as provided in
paragraph (g) with respect to a resignation by the Escrow Agent.

    

    (i)           This
Escrow Agreement may be modified by a writing signed by all the parties hereto,
and no waiver hereunder shall be effective unless in a writing signed by the
party to be charged.

    

    6.           Consent to
Jurisdiction.  Company, Purchaser and the Escrow Agent hereby
irrevocably consent to the jurisdiction of any federal or state court, in
Northern California, in any action or proceeding arising out of or relating to
this Escrow Agreement.  Company hereby irrevocably waives, to the
fullest extent possible, the defense of an inconvenient forum to the maintenance
of such action or proceeding.  Service of process may be effectuated
by certified mail, return receipt requested, or by Federal Express with evidence
of delivery to the parties at the addresses set forth in Section 9
below.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    COMPANY, ESCROW AGENT AND PURCHASER
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY AND ALL RIGHTS TO A TRIAL BY
JURY IN ANY ACTION, SUIT OR COUNTERCLAIM, ARISING IN CONNECTION WITH, OUT OF OR
OTHERWISE RELATING TO THIS ESCROW AGREEMENT.  COMPANY SHALL NOT RAISE
ANY COUNTERCLAIM IN ANY PROCEEDING BROUGHT BY PURCHASER TO ENFORCE THE
PROVISIONS OF THIS ESCROW AGREEMENT.

    

    Nothing
herein shall affect the right of the Purchaser to serve process in any other
manner permitted by law or to affect the right of the Purchaser to bring any
action or proceeding against Purchaser in any other court or
jurisdiction.

    

    7.           Governing
Law.  This Escrow Agreement shall be governed in all respects
by the laws of the State of California.  The parties agree to submit
to the jurisdiction and venue of any state or federal court in Northern
California having subject matter jurisdiction over the
matter.  Service may be made by certified mail, return receipt
requested, to the parties at the addresses set forth in paragraph 8 below, but
the parties shall not be precluded from making service in any other manner
permitted by law.

    

    8.           Notices.  All
notices, requests, consents and other communications hereunder shall be in
writing, shall be delivered by hand or sent by U.S. Express Mail, Fedex or some
other reliable overnight courier service for next day delivery.  Each
such notice or other communication shall, for all purposes of this Escrow
Agreement, be treated as effective or having been given when delivered if
delivered personally, or, if sent by overnight express mail service, 1 day after
the same has been deposited with the U.S. Postal Service, Fedex or the overnight
courier.

    

    If to
Company:

    

    American
Scientific Resources, Inc

    1112
Weston Road,

    Unit
278

    Weston,
FL  33326

    Phone:
845-255-2200

    Fax:
845-255-3299

    Email:
docbip@kidzmed.com

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    with copy
to:

    

    New
Venture Attorneys, P.C.

    5 Sierra
Gate Plaza #330

    Roseville,
CA 95678

    Attn:
Tomer Tal, Esq.

    Phone:
916/782-1424

    Facsimile:
196-782-1474

    Tomer@newventureattorneys.com

    

    If to
Purchaser:

    

    The Tripod Group, LLC

    250 E.
Wisconsin Ave

    Suite
1800

    Milwaukee,
WI 53202

    
      Attn:
Hindy Krausz

    

    Facsimile:
414-347-7877

    

    with copy
to:

    

    Novack
Burnbaum Crystal LLP

    300 East
42nd
Street

    New York,
New York 10017

    Attn:
Martha M. Dwyer

    Phone:  212-682-4002

    Facsimile:
212-986-2907

    mdwyer@nbclaw.com

    

    If to
Escrow Agent:

    

    Robert C.
Laskowski

    Attorney
at Law

    520 SW
Yamhill, Suite 600

    Portland,
Oregon 97204-1329

    Facsimile:
(503) 227-2980

    

    9.           Counterparts.  This Escrow
Agreement may be executed in any number of counterparts, each of which
shall be deemed to be an original, and all such counterparts shall constitute
one Agreement.  Delivery of an executed counterpart of a signature
page to this Agreement by facsimile transmission or e-mail in pdf format shall
be effective as delivery of a manually executed counterpart.  Any
party so delivering this Agreement shall promptly deliver a manually executed
counterpart, provided that any failure to do so shall not affect the validity of
the counterpart executed by facsimile or e-mail
transmission.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    10.           Fees.  The
Company shall pay all reasonable fees and expenses of the Escrow
Agent.

    

    [signatures
appear on next page]

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the parties hereto
have caused this Escrow Agreement to be duly executed and delivered, as of the
day and year first above written.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	 	
                                              COMPANY:

                                            
	 	 
      	 
      
	 	
                                              AMERICAN
      SCIENTIFIC

                                              RESOURCES,
      INC.

                                            
	 	
                                              By:

                                            	 
      
	 	
                                              Name:

                                            	
                                               Christopher
      F. Tirotta, MD, MBA

                                            
	 	 
      	
                                              Title:    CEO/Chairman
      of the Board

                                            
	 	 
      	 
      
	 	
                                              PURCHASER:

                                            
	 	 
      	 
      
	 	
                                              THE
      TRIPOD GROUP, LLC

                                            
	 	 
      	 
      
	 	
                                              By:
      

                                            	 
      
	 	 
      	
                                              Name:
      Hindy Krausz

                                            
	 	 
      	
                                              Title:
      Managing Member

                                            
	 	 
      	 
      
	 	
                                              ESCROW AGENT:

                                            
	 	 
	 	 
      
	 	 
      	
                                              Robert
      C.
Lawskowsi

                                            

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        8ESCROW
AGREEMENT

    

    ESCROW AGREEMENT ("Escrow Agreement")
dated as of September 29, 2008 by and among AMERICAN
SCIENTIFIC RESOURCES, INC., a Nevada corporation
("Company") and
Blaydon Capital,
LLC,  a Wisconsin limited liability company ("Purchaser"), and
Robert C. Laskowski ("Escrow
Agent").

    

    WHEREAS, the Company is causing
certificate(s) representing 22,000,000 shares of the Company's common stock (the
“Initial Escrow
Shares”) to be delivered to the Escrow Agent as provided below to be held
in escrow under this Escrow Agreement in order to be made available for
conversion by Purchaser under the Company's Series A 8% Convertible Redeemable
Debenture due September 29, 2010 (the “Debenture”);

    

    WHEREAS, the Company has agreed cause
its transfer agent to deliver to the Escrow Agent or reserve for issuance to the
Escrow Agent such number of additional shares of its authorized common stock,
and to increase its authorized common stock within 30 days of the date hereof,
in order that the aggregate number of shares of the Company’s common stock held
by the Escrow Agent as provided below and reserved for issuance to the Escrow
Agent by its transfer agent shall equal the outstanding amount of the Debenture
from time to time, divided by the best bid price for the common stock shown on
the pink sheets, times four (together with the shares of the Company’s common
stock then held by the Escrow Agent);

    

    WHEREAS, in
order to induce the Purchaser to purchase the Debenture, the Company has agreed
to execute this Escrow Agreement and to deliver the Initial Escrow Shares and
such additional shares of its common stock as its transfer agent will deliver to
the Escrow Agent from time to time (the “Escrow Shares”) as
security for its performance under the Debenture and the Securities Sale
Agreement between
Purchaser and the Company dated as of September 29, 2008 (the “Sale
Agreement”); and

    

    WHEREAS, in the event that
Purchaser exercises its rights of conversion under the  Debenture, the
Escrow Shares shall be made available for such purpose under this Escrow
Agreement.

    

    
      NOW THEREFORE, in
consideration of the respective premises, mutual covenants and agreements of the
parties hereto, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

    

    

    1.           Appointment of Escrow
Agent.  Escrow Agent is hereby appointed as escrow agent and
the Escrow Agent hereby accepts such appointment.  The Escrow Agent
shall act in accordance with the instructions set forth in this Escrow Agreement
and any further instructions given to it by written instrument signed by Company
and Purchaser.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    2.           Escrow Shares Delivery and
Application

    

    (a)           The
Company shall deposit the Escrow Shares, which shall not contain any restrictive
legend of any nature, in an account which the Escrow Agent maintains at a
registered brokerage firm ("Brokerage Firm") issued in the name of Escrow
Agent.

    

    (b)           The
Escrow Agent shall act solely as a stakeholder with respect to the Escrow
Shares.  Accordingly, the Escrow Agent shall not have the power to
vote the Escrow Shares, nor shall the Escrow Agent have any beneficial interest
in the Escrow Shares.

    

    (c)           Each
notice of conversion of the Debenture (a “Notice of Conversion”) shall be
simultaneously sent to the Company, as required by the terms of the Debenture
and/or the Sale Agreement, and to the Escrow Agent.  In the event
there are any errors or discrepancies in the Notice of Conversion, the Company
and the Purchaser will cooperate fully in resolving such errors.  Upon
Escrow Agent’s receipt of a copy of a Notice of Conversion and, provided that
Escrow Agent has not received a notice from the Company indicating any errors or
discrepancies in the Notice of Conversion, and, provided that Escrow Agent has
not received a notice from the Company indicating any errors or discrepancies in
the Notice of Conversion (in which event the Escrow Agent will promptly notify
Purchaser of such notice and will use reasonable efforts assist the Company and
Purchaser in resolving the issue), (i) the number of Escrow Shares set forth in
the Notice of Conversion shall become the property of the Purchaser, and (ii)
the Escrow Agent shall permit the Brokerage Firm to journal such shares over to
the Purchaser's account at the Brokerage Firm or to such other account as the
Purchaser shall direct. Until such Notice of Conversion is received, Purchaser
shall have absolutely no right, title or interest in any of the Escrow Shares
unless there is a Default or Event of Default (as defined in the
Debenture).

    

    (d)          
Purchaser shall have the right under this Escrow Agreement to send
Notices of Conversion for the Debenture, subject to the terms of the
Debenture.

    

    3.           Default

    

    (a)           If
Purchaser sends the Escrow Agent a Notice of Default under the Debenture, or if,
for any reason, the Company is unable, fails or refuses to deliver common stock
to Purchaser as required under the Debenture, the Escrow Agent shall then
release all the Escrow Shares to the Purchaser.

    

    (b)           Escrow
Agent is specifically authorized to rely upon the validity and effectiveness of
any Notice of Default, received by the Escrow Agent.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (c)           Upon
payment in full by the Company of the Debenture, or upon conversion of the
Debenture into Conversion Shares (as such term is defined in the Debenture), any
remaining Escrow Shares shall be delivered by the Escrow Agent to the Company,
and upon such delivery, none of the parties to this Escrow Agreement shall have
any further obligations to the others.  In the event that the Escrow
Shares are delivered to the Purchaser upon an Event of Default, the Escrow Agent
shall have no further obligations under this Escrow Agreement.

    

    4.           Indemnification.  The
Purchaser and the Company agree, jointly and severally, to indemnify, defend and hold harmless the
Escrow Agent from and against any and all costs (including, without limitation,
legal fees and expenses), liabilities, claims and losses arising out of or in
connection with this Escrow Agreement or any action or failure to act by the
Escrow Agent under this Escrow Agreement, except as provided in paragraph 5
below.

    

    5.           Concerning the Escrow
Agent.  To induce the Escrow Agent to act hereunder, it is
further agreed by the undersigned that:

    

    (a)           This
Escrow Agreement expressly sets forth all the duties of the Escrow Agent with
respect to any and all matters pertinent hereto.  No implied duties or
obligations shall, on the part of the Escrow Agent, be read into this Escrow
Agreement.  The Escrow Agent shall not be bound by the provisions of
any agreement among the other parties hereto except this Escrow
Agreement.

    

    (b)           The
Escrow Agent shall not be liable for any action or failure to act in its
capacity as Escrow Agent hereunder unless such action or failure to act shall
constitute willful misconduct on the part of the Escrow Agent, in which case
there shall be no indemnification obligations.

    

    (c)          
The Escrow Agent shall be entitled to rely upon any order, judgment,
certification, demand, notice, instrument or other writing delivered to it
hereunder without being required to determine the authenticity or the
correctness of any fact stated therein or the propriety or validity of the
service thereof.  The Escrow Agent may act in reliance upon any
instrument or signature believed by it to be genuine and may assume, unless he
has actual knowledge to the contrary, that any person purporting to give notice
or receipt or advice or make any statement or execute any document in connection
with the provisions hereof has been duly authorized to do so.

    

    (d)           The
Escrow Agent may act pursuant to the advice of counsel with respect to any
matter relating to this Escrow Agreement and shall not be liable for any action
taken or omitted in accordance with such advice, except as provided in paragraph
5(b) above.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (e)           The
Escrow Agent does not have and shall not have any interest whatsoever in the
Escrow Shares or any other property deposited hereunder but is serving as escrow
holder only and having only possession thereof with no rights as a shareholder
of the Company, and is not charged with any duty or responsibility to determine
the validity or enforceability of any such documents.  Furthermore,
the Escrow Agent shall have no right to vote the Escrow Shares or have any other
pecuniary rights in the Escrow Shares or have control of, direct or indirect, or
role in the Company’s corporate governance or otherwise.  The Escrow
Agent may not assert any lien on the Escrow Shares for payment of any fee due
the Escrow Agent.

    

    (f)           The
Escrow Agent (and any successor Escrow Agent) may at any time resign as such by
delivering the Escrow Shares to any successor Escrow Agent, jointly designated
by the other parties hereto in writing, or to any court of competent
jurisdiction, whereupon the Escrow Agent shall be discharged of and from any and
all further obligations arising in connection with this Escrow Agreement
thereafter.  The resignation of the Escrow Agent will take effect on
the earlier of (a) the appointment of a successor (including a court of
competent jurisdiction) or (b) the day which is 30 days after the date of
delivery of its written notice of resignation to the other parties
hereto.  If at that time the Escrow Agent has not received a
designation of a successor Escrow Agent, the Escrow Agent's sole responsibility
after that time shall be to safekeep the Escrow Shares and not make delivery or
disposition thereof until receipt of a designation of successor Escrow Agent or
a joint written disposition instruction by the other parties hereto or a final
order of a court of competent jurisdiction.

    

    (g)           In
the event of any disagreement among the parties hereto resulting in adverse
claims or demands being made in connection with the Escrow Shares, or in the
event that the Escrow Agent otherwise determines that the Escrow Shares should
be retained, then the Escrow Agent may retain the Escrow Shares until the Escrow
Agent shall have received (i) a final nonappealable order of a court of
competent jurisdiction directing delivery of the Escrow Shares or (ii) a written
agreement executed by the other parties hereto directing delivery of the Escrow
Shares, in which case the Escrow Agent shall promptly deliver the Escrow Shares
in accordance with such order or agreement.  Any court order referred
to in (i) above shall be accompanied by a legal opinion by counsel for the
presenting party reasonably satisfactory to the Escrow Agent to the effect that
said court order is final and nonappealable.  The Escrow Agent shall
act on such court order and legal opinion without further question.

    

    (h)           This
Escrow Agreement shall be binding upon and inure solely to the benefit of the
parties hereto and their respective successors (including successors by way of
merger) and assigns, heirs, administrators and representatives, and shall not be
enforceable by or inure to the benefit of any third party except as provided in
paragraph (g) with respect to a resignation by the Escrow Agent.

    

    (i)           This
Escrow Agreement may be modified by a writing signed by all the parties hereto,
and no waiver hereunder shall be effective unless in a writing signed by the
party to be charged.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    6.           Consent to
Jurisdiction.  Company, Purchaser and the Escrow Agent hereby
irrevocably consent to the jurisdiction of any federal or state court, in
Northern California, in any action or proceeding arising out of or relating to
this Escrow Agreement.  Company hereby irrevocably waives, to the
fullest extent possible, the defense of an inconvenient forum to the maintenance
of such action or proceeding.  Service of process may be effectuated
by certified mail, return receipt requested, or by Federal Express with evidence
of delivery to the parties at the addresses set forth in Section 8
below.

    

    THE COMPANY, THE ESCROW AGENT AND The
PURCHASER HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY AND ALL RIGHTS TO A
TRIAL BY JURY IN ANY ACTION, SUIT OR COUNTERCLAIM, ARISING IN CONNECTION WITH,
OUT OF OR OTHERWISE RELATING TO THIS ESCROW AGREEMENT.  THE COMPANY
SHALL NOT RAISE ANY COUNTERCLAIM IN ANY PROCEEDING BROUGHT BY THE PURCHASER TO
ENFORCE THE PROVISIONS OF THIS ESCROW AGREEMENT.

    

    Nothing
herein shall affect the right of the Purchaser to serve process in any other
manner permitted by law or to affect the right of the Purchaser to bring any
action or proceeding against Purchaser in any other court or
jurisdiction.

    

    7.           Governing
Law.  This Escrow Agreement shall be governed in all respects
by the laws of the State of California.  The parties agree to submit
to the jurisdiction and venue of any state or federal court in Northern
California having subject matter jurisdiction over the
matter.  Service may be made by certified mail, return receipt
requested, to the parties at the addresses set forth in paragraph 8 below, but
the parties shall not be precluded from making service in any other manner
permitted by law.

    

    8.           Notices.  All
notices, requests, consents and other communications hereunder shall be in
writing, shall be delivered by hand or sent by U.S. Express Mail, Fedex or some
other reliable overnight courier service for next day delivery.  Each
such notice or other communication shall, for all purposes of this Escrow
Agreement, be treated as effective or having been given when delivered if
delivered personally, or, if sent by overnight express mail service, 1 day after
the same has been deposited with the U.S. Postal Service, Fedex or the overnight
courier.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    If to
Company:

    

    American
Scientific Resources, Inc

    1112
Weston Road,

    Unit
278

    Weston,
FL  33326

    Phone:
845-255-2200

    Fax:
845-255-3299

    Email:
docbip@kidzmed.com

    

    with copy
to:

    

    New
Venture Attorneys, P.C.

    5 Sierra
Gate Plaza #330

    Roseville,
CA 95678

    Attn:
Tomer Tal, Esq.

    Phone:
916/782-1424

    Facsimile:
196-782-1474

    Tomer@newventureattorneys.com

    

    If to
Purchaser:

    

    Blaydon
Capital, LLC

    200 South
Executive Drive, Suite 101

    Brookfield,
WI   53005

    Attn:
Samuel Eisenberg

    Facsimile:
262-785-7995

    Email: blaydoncapital@yahoo.com

    

    with copy
to:

    

    Novack
Burnbaum Crystal LLP

    300 East
42nd
Street

    New York,
New York 10017

    Attn:
Martha M. Dwyer

    Phone:  212-682-4002

    Facsimile:
212-986-2907

    mdwyer@nbclaw.com

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    If to
Escrow Agent:

    

    Robert C.
Laskowski

    Attorney
at Law

    520 SW
Yamhill, Suite 600

    Portland,
Oregon 97204-1329

    Facsimile:
(503) 227-2980

    roblaw@hevanet.com

    

    9.          
Counterparts.  This Escrow
Agreement may be executed in any number of counterparts, each of which
shall be deemed to be an original, and all such counterparts shall constitute
one Agreement.  Delivery of an executed counterpart of a signature
page to this Agreement by facsimile transmission or e-mail in pdf format shall
be effective as delivery of a manually executed counterpart.  Any
party so delivering this Agreement shall promptly deliver a manually executed
counterpart, provided that any failure to do so shall not affect the validity of
the counterpart executed by facsimile or e-mail transmission.

    

    10.         Fees.  The
Company shall pay all reasonable fees and expenses of the Escrow
Agent.

    

    [signatures
appear on next page]

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the parties hereto
have caused this Escrow Agreement to be duly executed and delivered, as of the
day and year first above written.

    

    
      
        
          
            
              
                
                  	
                          COMPANY:

                        
	 
      
	
                          AMERICAN
      SCIENTIFIC RESOURCES, INC.

                        
	 
      	 
      
	
                          By:

                        	
                          

                        
	
                          Name:  

                        	
                          Christopher
      F. Tirotta, MD, MBA

                        
	 
      	
                          Title:  
      CEO/Chairman of the Board

                        
	 
      	 
      
	
                          PURCHASER:

                        
	 
      
	
                          BLAYDON
      CAPITAL, LLC

                        
	 
      	 
      
	
                          By:

                        	
                                

                        
	 
      	
                          Name:
      Samuel Eisenberg

                        
	 
      	
                          Title:
      Managing Member

                        
	 
      	 
      
	
                          ESCROW AGENT:

                        
	 
      	 
      
	
                               

                        
	 
      	
                          Robert
      C.
Laskowski

                        

                

              

            

          

        

      

    

    

    
      
         

      

      
        8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]