Document:

AUXER INDUSTRIES, INC.
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              NONSTATUTORY STOCK OPTION PLAN
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1.     Purpose
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The purpose of this Nonstatutory Stock Option Plan
(hereinafter referred to as the "Plan"), is to provide a
special incentive to selected individuals who have made
significant contributions to the business and success of
AUXER INDUSTRIES, INC., (hereinafter referred to as the
"Company").  The Plan is designed to accomplish this purpose
by offering such individuals options ("Options") to purchase
shares of the common stock of the Company ("Shares") so that
they will share in the Company's success.
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2.     Administration
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The Plan shall be administered by the board of directors of
the Company or by an option committee to be established by
the board of directors of the Company.  If an option
committee administers the Plan, it shall consists of three
or more members, at least one of whom shall be neither an
officer nor an employee of the Company.  (The board of
directors or an option committee shall be referred to the
"Board" herein).
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The Board shall have authority, consistent with the Plan,
     (a)  to determine which individuals shall be granted
          Options;
     (b)  to determine the time or times when Options shall
          be granted and the number of Shares to be subject
          to each Option;
     (c)  to determine the exercise price of the Shares
          subject to each Option and the method of payment
          of such price;
     (d)  to determine the time or times when each Option
          becomes exercisable and the duration of the
          exercise period, subject to the limitations
          contained in Paragraph 6(b);
     (e)  to prescribe the form or forms of the instruments
          evidencing any options granted under the Plan and
          of any other instruments required under the Plan
          and to change such forms from time to time;
     (f)  to adopt, amend and rescind rules and regulations
          for the administration of the Plan and the Options
          and for its own acts and proceedings; and
     (g)  to decide all questions and settle all
          controversies and disputes which may arise in
          connection with the Plan.  All decisions,
          determinations and interpretations of the Board
          shall be binding on all parties concerned.
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8.     Participants
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The Participants in the Plan shall be employees, officers,
directors, consultants of the Company or any other parties
who have made a significant contribution to the business and
success of the Company, as may be selected from time to time
by the Board in its discretion.  In any grant of Options
after the initial grants, Participants who were previously
granted Options or sold Shares under the Plan may be
included or excluded.
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9.     Limitations
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No Option shall be granted under the Plan after March 31,
2001, but Options theretofore granted may extend beyond that
date.  Subject to adjustments as provided in Section 8 of
the Plan, the number of Shares which may be issued under the
Plan shall not exceed two (2,000,000) million in the
aggregate.  To the extend that any Option granted under the
plan shall expire or terminate unexercised or for any reason
become unexercisable as to any Shares subject thereto, such
Shares shall thereafter be available for further grants
under the Plan, within the limit specified above.
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10.     Shares to be Issued
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Shares to be issued under the Plan may constitute an
original issue of authorized Shares or may consist of
previously issued Shares acquired by the Company, as shall
be determined by the Board.  The Board and the proper
officers of the Company shall take any appropriated action
required for such issuance.  The maximum number of Shares
which may be issued under the Plan is two millions
(2,000,000) Shares.
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11.     Terms and Conditions of Options
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All Options granted under the Plan shall be subject to the
following terms and conditions (except as provided in
Section 7) and to such other terms and conditions as the
Board shall determine to be appropriate to accomplish the
purposes of the Plan:
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     (A)  Exercise price.  The exercise price under each
Option shall be determined by the Board and may be more,
equal to or less than the then current market price of the
Shares as the Board may deem to be appropriate: provided,
however, that in the event an option committee shall
determine to grant an Option at less than 85% of the then
current market price of the Shares, such Option shall not be
granted by the option committee without the prior approval
of the board of directors.
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     (B)  Period of Options.  The period of an Option shall
not exceed five years from the date of grant.
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     (C) Exercise of Options
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     (i)  Each Option shall be made exercisable at such time
or times, whether or not in installments, as the Board shall
prescribe at the time the Option is granted.
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     (ii)  A person electing to exercise an Option shall
give written notice to the Company, as specified by the
Board, of his/her election and of the number of Shares
he/she has elected to purchase, such notice to be
accompanied by such instruments or documents as may be
required by the Board, and shall at the time of such
exercise tender the purchase price of the Shares he/she has
elected to purchase.
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     (C)  Payment for Issuance of Shares.  Upon exercise of
any Option granted hereunder, payment in full shall be made
at the time of such exercise for all such Shares then being
purchased.
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The Company shall not be obligated to issue any Shares
unless and until, in the opinion of the Company's counsel,
all applicable laws and regulations have been complied with,
nor, in the event the Shares at the time are not listed upon
any stock exchange, unless and until the Shares to be issued
have been listed or authorized to be added to the list upon
official notice of issuance upon such exchange, nor unless
or until all other legal matters in connection with the
issuance and delivery of Shares have been approved by the
Company's counsel.  Without limiting the generality of the
foregoing, the Company may require from the Participant such
investment representation or such agreement, if any, as
counsel for the Company may consider necessary in order to
comply with the Securities Act of 1933 as then in effect,
and may require that the Participant agree that any sale of
the Shares will be made only in such manner as is permitted
by the Board and that a participant will notify the Company
when he/she intends to make any disposition of the Shares
whether by sale, gift or otherwise.  The Participant shall
take any action reasonably requested by the Company in such
connection.  A Participant shall have the rights of a
stockholder only as to Shares actually acquired by him/her
under the Plan.
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     (D)  Transferability of Options.  No Option may be
transferred by the Participant otherwise than by will or by
the laws of descent and distribution, and during the
Participant's lifetime the Option may be exercised only by
the Participant.
     (E)  Termination of Employment.  If the Participant is
an employee and his/her employment terminates for any reason
other than his/her death, the Participant may, unless
discharged for cause, thereafter exercise his/her Option as
provided below, but only to the extent the Participant was
entitled to exercise the Option on the date when his/her
employment terminated.  If such termination of employment is
voluntary on the part of the Participant, he/she may
exercise his/her Option only within ten days after the date
of termination of employment (unless a longer period not in
excess of three months is allowed by the Board).  If such
termination of employment is involuntary on the part of the
Participant, he/she may exercise his/her Option only within
three months after the date of termination of employment. In
no event, however, may such Participant exercise his/her
Option at a time when the Option would not be exercisable
had the Participant remained an employee or when the
termination was for cause.  For purposes of this subsection
(f), a Participant's employment shall not considered
terminated in the case of sick leave or other bona fide
leave of absence approved by the Company or a subsidiary, or
in the case of a transfer to the employment of a subsidiary
or the employment of the Company.  Anything herein to the
contrary notwithstanding, an Option may be exercised only to
the extent exercisable on the date of termination of
employment by death or otherwise.
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     (F)  Retirement or Resignation.  If prior to the
expiration date of a Participant's Option an optionee shall
retire or resign with the Company's consent such Option may
be exercised in the same manner as if the Optionee had
continued in the Company's employ; provided, however, the
Board may terminate, at any time prior to exercise, all
unexercised Options if it shall determine that the retired
or resigning optionee has engaged in any activity
detrimental to the Company's interest.
     (G)  Death.  If a Participant dies at a time when
he/she is entitled to exercise an Option, then at any time
or times within one (1) year after his/her death (or such
further period as the Board may allow) such Option may be
exercised, as to all or any of the Shares which the
Participant was entitled to purchase immediately prior to
his/her death, by his/her executor or administrator or the
person or persons to whom the Option is transferred by will
or the applicable laws of descent and distribution, and
except as so exercised such Option shall expire at the end
of such period.  In no event, however, may an Option be
exercised after the expiration of the Option period.
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8.     Replacement Options
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The Company may grant Options under the Plan on terms
differing from those provided for in Section 6 where such
Options are granted in substitution for Options held by
employees of other corporations who concurrently become
employees of the Company or a subsidiary as the result of a
merger, consolidation or other regoranization of the
employing corporation with the Company of subsidiary, or the
acquisition by the Company or a subsidiary of the business,
property or stock of the employing corporation.  The Board
may direct that the substitute Options be granted on such
terms and conditions as the Board considers appropriate in
the circumstances.
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9.     Changes in Stock
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In the event of a stock dividends, stock split or
recapitalization or merger in which the Company is the
surviving corporation, or other similar capital change, the
number and kind of shares of stock or securities of the
Company to be subject to the Plan and to options then
outstanding or to be granted thereunder, the maximum number
of Shares or securities which may be issued or sold under
the Plan, the exercise price and other relevant provisions
shall be appropriately adjusted by the Board of the Company,
the determination of which shall be binding on all persons.
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10.     Employment Rights
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The adoption of the plan or the granting of an Option does
not confer upon any individual any right to employment or
continued employment with the Company or a subsidiary, as
the case may be, nor does it interfere in any way with the
right of the Company or a subsidiary to terminate the
employment of any of its employees at any time.
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11.     Amendment
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The Board may at any time discontinue granting Options under
the Plan.  The Board of the Company may at any time or times
amend the Plan or amend any outstanding Option or Options
for the purpose of satisfying the requirements of any
changes in applicable laws or regulations or for any other
purpose which may at the time be permitted by law provided,
however, that, except to the extent required or permitted
under Section 8, no such amendment shall void or diminish
Options previously granted without the consent of the
Participant, nor shall any amendment increase or accelerate
the conditions and actions required for the exercise of an
Option unless the Participant shall have been discharged
from the Company's employment for cause.
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Adopted by the Board of DirectorsEXHIBIT 10.1 - ACQUISTION AGREEMENT AND PLAN OF
REORGANIZATION BETWEEN THE AUXER GOLD MINES AND CT
INDUSTRIES
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     ACQUISITION AGREEMENT AND PLAN OF REORGANIZATION
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     THIS ACQUISITION AGREEMENT AND PLAN OF REORGANIZATION,
(hereinafter the "Agreement") is made and entered into this
18th day of April, 1995 by and between The Auxer Gold Mines,
an Idaho corporation (hereinafter "Auxer"), CT Industries,
Inc., a Nevada corporation (hereinafter "CTI"), and the
shareholders of CT Industries, Inc. (hereinafter
"Shareholders").
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                         RECITALS
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     WHEREAS, Auxer desires to acquire all of the issued and
outstanding shares of CTI capital stock in exchange for
4,000,000 shares of authorized but previously unissued Auxer
common stock, par value One Tenth of a Cent ($.001) per
share, and pursuant to the terms and conditions set forth
herein;
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     WHEREAS, the Shareholders of CTI desire to exchange all
of their shares of CTI capital stock for shares of Auxer
common stock in the respective amounts set forth herein; and
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     WHEREAS, the parties hereto desire to reorganize the
management and operations of Auxer, to change the
corporation name to Auxer Industries, Inc., and to change
the principal place of business of the corporation.
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     NOW, THEREFORE, in consideration of the premises and
mutual representations, warranties and covenants herein
contained, the parties hereby agree as follows:
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                          ARTICLE I
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          ACQUISITION AND EXCHANGE OF SHARES
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    SECTION 1.1  Acquisition and Plan of Reorganization. The
parties hereby agree that Auxer shall acquire all of the
issued and outstanding shares of M capital stock, in
exchange for four million (4,000,000) shares of authorized
but previously unissued Auxer common stock, par value $.001
per share. It is also agreed to by the parties hereto that
by acquiring all of the shares of CTI capital stock, Auxer
will acquire all rights, title and interest to certain
identified assets and property presently owned by CTI and
specifically described and set forth in Exhibit 1.1, annexed
hereto and by this reference made a part hereof. Said assets
and property may be subject to certain interests, liens
and/or encumbrances which are further described in Exhibit
1.1. The parties hereto hereby further agree that (i) at the
Closing, as hereinafter defined, CTI shall become a
wholly-owned subsidiary of Auxer subject to the conditions
and provisions of Section 1.5 hereof; (ii) as promptly as
practicable after the effectiveness of the Closing, Auxer's
corporate name shall be changed to Auxer Industries, Inc.;
and (iii) as promptly as practicable after the Closing, the
necessary steps shall be taken in order to reflect the
relocation of Auxer's principal place of business to Newark,
New Jersey.
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               SECTION 1.2 Issuance of Shares.
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     (a) Upon the Closing of this Agreement, Auxer shall
cause to be issued and delivered to the Shareholders of CTI
or their designees, stock certificates representing an
aggregate of 4,000,000 shares (the "Auxer Shares") of Auxer
common stock.
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     (b) The Auxer Shares to be issued hereunder shall be
authorized but previously unissued shares of Auxer common
stock, and shall be issued to those persons and in the
respective amounts set forth in Exhibit 1.2 annexed hereto
and by this reference made a part hereof.
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     (c) It is hereby acknowledged by the parties hereto
that pursuant to that certain Marketing Agreement entered
into by and between Auxer and CTI on March 13, 1995, Auxer
issued to CTI 100,000 shares of authorized but previously
unissued common stock of Auxer as consideration for the
Marketing Agreement. It is agreed upon by the parties hereto
that the 100,000 shares are to be considered as part of the
4,000,000 shares of Auxer common stock to be issued
hereunder and therefore upon the issuance of the additional
3,900,000 shares of Auxer common stock under the terms of
this Agreement, the full consideration of the 4,000,000
shares designated hereunder shall be deemed to have been
satisfied.
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     (d) All Auxer Shares to be issued hereunder are deemed
"restricted securities" as defined by Rule 144 of the
Securities Act of 1933, as amended (the "1933 Act"), and the
recipients shall represent that they are acquiring the Auxer
Shares for investment purposes only and without the intent
to make a further distribution of the Auxer Shares. All
Auxer Shares to be issued under the terms of this Agreement
shall be issued pursuant to an exemption from the
registration requirements of the 1933 Act, under Section
4(2) of the 1933 Act and the rules and regulations
promulgated thereunder. Certificates representing the Auxer
Shares to be issued hereunder shall bear the following
legend:
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The shares represented by this certificate have not
been registered under the Securities Act of 1933, as
amended, and may not be offered for sale, sold or
otherwise transferred except in compliance with the
registration provisions of such Act or pursuant to
an exemption from such registration provisions, the
availability of which is to be established to the
satisfaction of the Company.
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     SECTION 1.3 Closing. The closing of this Agreement and
the transactions contemplated hereby (the "Closing") shall
take place on the    day of       ,1995 (the "Closing
Date"), at a time and place to be mutually agreed upon by
the parties hereto, and shall be subject to the provisions
of Article X of this Agreement. At the Closing:

     (a) CTI shall deliver to Auxer all stock certificates
representing 100% of the issued and outstanding shares of
CTI capital stock, duly endorsed, so as to make Auxer the
sole holder thereof, free and clear of all claims and
encumbrances;
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     (b) Auxer shall deliver to those persons listed in
Exhibit 1.2 stock certificates representing an aggregate of
4,000,000 shares of Auxer common stock and which
certificates shall bear a standard restrictive legend in the
form customarily used with restricted securities and as set
forth in Section 1.2(d) above;
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     (c) Auxer shall deliver an Officer's Certificate as
described in Sections 9.1 and 9.2 hereof, dated the Closing
Date, that all representations, warranties, covenants and
conditions set forth herein by Auxer are true and correct as
of, or have been fully performed and complied with by, the
Closing Date; and
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     (d) CTI shall deliver an Officer's Certificate as
described in Sections 8.1 and 8.2 hereof, dated the Closing
Date, that all representations, warranties, covenants and
conditions set forth herein by CTI and Shareholders are true
and correct as of, or have been fully performed and complied
with by, the Closing Date;
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      SECTION 1.4 Auxer Special Meeting of Shareholders. In
anticipation of this Agreement and prior to the Closing
Date, Auxer shall have taken all necessary and requisite
action to call for a Special Meeting of Shareholders to be
held on or before April 18, 1995, in order to transact the
following business:
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      (a)  To ratify this Agreement and all transactions
contemplated hereby;
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      (b) To amend the Articles of Incorporation to change
the corporate name to Auxer Industries, Inc., or any other
name deemed suitable by the shareholders attending the
meeting;
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      (c) To accept the resignation of the current directors
of the Company and to nominate and elect a new Board of
Directors consisting of the following three nominees: Eugene
Chiaramonte, Jr., Howard Tapen and Eugene Chiaramonte III;
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      (d)  To amend the Articles of Incorporation to change
the authorized capitalization of the Company to 50,000,000
shares of common stock, par value $.001 per share; and
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     (e) To amend the Articles of Incorporation to change
the stated corporate purpose to permit the corporation to
engage in any lawful act or activity for which a corporation
may be organized under the Idaho Business Corporation Act.
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      SECTION 1.5 Consummation of Transaction. If at the
Closing, no condition exists which would permit any of the
parties to terminate this Agreement, or a condition then
exists and the party entitled to terminate because of that
condition elects not to do so, then the transactions herein
contemplated shall be consummated upon such date, and then
and thereupon, Auxer shall file any additional necessary
documents that may be required by the State of Idaho.
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                     ARTICLE II
          REPRESENTATIONS AND WARRANTIES OF AUXER
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     Auxer hereby represents, warrants and agrees that:
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     SECTION 2.1 Organization of Auxer. Auxer is a
corporation duly organized, validly existing and in good
standing under the laws of the State of Idaho, is duly
qualified and in good standing as a foreign corporation in
every jurisdiction in which such qualification is necessary,
and has the corporate power and authority to own its
properties and assets and to transact the business in which
it is engaged. There are no corporations or other entities
with respect to which (i) Auxer owns any of the outstanding
stock or other interest, or (ii) Auxer may be deemed to be
in control because of factors or relationships other that
the quantity of stock or other interest owned. Auxer has all
requisite corporate power and authority to execute and
deliver this Agreement and to consummate the transactions
contemplated hereby. This Agreement is the legal, valid and
binding obligation of Auxer, enforceable against Auxer in
accordance with its respective terms except to the extent
that such enforcement may be limited by applicable
bankruptcy, insolvency and other similar laws affecting
creditors' rights generally.
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     SECTION 2.2 Capitalization of Auxer. The authorized
capital stock of Auxer consists of 10,000,000 shares of
common stock, par value $.50 per share, of which 1,029,929
shares are presently issued and outstanding. All shares of
Auxer common stock currently issued and outstanding have
been duly authorized and validly issued and are fully paid
and non-assessable, and have been issued in compliance with
applicable federal and state laws or pursuant to appropriate
exemptions therefrom. There are no options, warrants,
rights, calls, commitments or agreements of any character
obligating Auxer to issue any shares of its capital stock or
any security representing the right to purchase or otherwise
receive any such stock. Shares of Auxer common stock to be
issued pursuant to this Agreement, when so issued, will be
duly authorized, validly issued, fully paid and
non-assessable.
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     SECTION 2.3 Charter Documents. Certified copies of the
Auxer Articles of Incorporation and By-Laws, as amended to
date, are annexed hereto as Exhibit 2.3 and by this
reference made a part hereof.
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     SECTION 2.4 Corporate Documents. The Auxer
shareholders' list and corporate minute books are complete
and accurate as of the date hereof and the corporate minute
books contain the recorded minutes of all corporate meetings
of shareholders and directors.
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     SECTION 2.5 Financial Statements. Auxer's financial
statements for the period ended March 31, 1995 and the
fiscal years ended December 31, 1994 and 1993, a copy of
which is annexed hereto as Exhibit 2.5 and by this reference
made a part hereof, are true and complete in all material
respects, having been prepared in accordance with generally
accepted accounting principles applied on a consistent basis
for the periods covered by such statements, and fairly
present, in accordance with generally accepted accounting
principles, the financial condition of Auxer, and results of
its operations for the periods covered thereby. Except as
otherwise disclosed to CTI in writing and as set forth
herein, there has been no material adverse change in the
business operations, assets, properties, prospects or
condition (financial or otherwise) of Auxer taken as a whole
from that reflected in the financial statements referred to
in this Section 2.5.
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     SECTION 2.6 Absence of Certain Changes or Events. Since
the date of the Auxer financial report attached hereto as
Exhibit 2.5 and except as disclosed otherwise herein, Auxer
has not (i) issued or sold any promissory note, stock, bond,
option or other corporate security of which it was an issuer
or other obligor, (ii) discharged or satisfied any lien or
encumbrance or paid any obligation or liability, absolute or
contingent, direct of indirect, (iii) incurred or suffered
to be incurred any liability or obligation whatsoever, (iv)
caused or permitted any lien, encumbrance or security
interest to be created or arise on or in any of its
properties or assets, (v) declared or made any dividend,
payment or distribution to stock holders or purchased or
redeemed or agreed to purchase or redeem any shares of its
capital stock, (vi) reclassified its shares of capital
stock, or (vii) entered into any agreement or transaction
except in connection with the execution and performance of
this Agreement.
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     SECTION 2.7 Assets and Liabilities. Auxer does not have
any material assets as reflected in the financial statements
included as Exhibit 2.5. As of the date hereof, Auxer does
not have any debts, liabilities or obligations of any
nature, whether accrued, absolute, contingent, or otherwise,
whether due or to become due, that are not fully reflected
in the Auxer financial statements.
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     SECTION 2.8 Tax Returns and Payments. Auxer has filed
with the appropriate governmental authority tax returns,
whether based upon income, sales or franchise, as required
by law to be filed on or before the date of this Agreement
with the exception of its federal corporate tax returns.
Auxer represents that immediately upon the Closing it will
prepare and file those required federal tax returns that may
be due. Auxer has paid all taxes to be due on said returns,
any assessments made against Auxer and all other taxes, fees
and similar charges imposed on Auxer by any governmental
authority. No tax liens have been filed and no claims are
being assessed and no returns are under audit with respect
to any such taxes, fees or other similar charges.
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     SECTION 2.9 Contracts. Auxer is not a party to or bound
by any contract or commitment, including guaranty whether
written or oral, except as otherwise disclosed in Exhibit
2.9.
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     SECTION 2.10 Required Authorizations. There have been
or will be timely filed, given, obtained or taken, all
applications, notices, consents, approvals, orders,
registrations, qualifications waivers or other actions of
any kind required by virtue of execution and delivery of
this Agreement by Auxer or the consummation by it of the
transactions contemplated hereby. Prior to the Closing, the
shareholders of Auxer shall have approved this Agreement and
the transactions contemplated hereunder and the appropriate
corporate filings shall have been made with the State of
Idaho.
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     SECTION 2.11 Compliance with Law and Government
Regulations. Auxer is in compliance with and is not in
violation of, applicable federal, state, local or foreign
statutes, laws and regulations (including without
limitation, any applicable building, zoning or other law,
ordinance or regulation) affecting its properties or the
operation of its business. Auxer is not subject to any
order, decree, judgment or other sanction of any court,
administrative agency or other tribunal.
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     SECTION 2.12 Litigation. There is no litigation,
arbitration, proceeding or investigation pending or
threatened to which Auxer is a party or which may result in
any material change in the business or condition, financial
or otherwise, of Auxer or in any of its properties or
assets, or which might result in any liability on the part
of Auxer, or which questions the validity of this Agreement
or of any action taken or to be taken pursuant to or in
connection with the provisions of this Agreement, and to the
best knowledge of Auxer, there is no basis for any such
litigation, arbitration, proceeding or investigation.
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     SECTION 2.13 Trade Names and Rights. Auxer does not use
any trade mark, service mark, trade name, or copyright in
its business, nor does it own any trade marks, trade mark
registrations or application, trade name, service marks,
copyrights, copyright registrations or application. No
person owns any trade mark, trade mark registration or
application, service mark, trade name, copyright, or
copyright registration or application, the use of which is
necessary or contemplated in connection with the operation
of Auxer's business.
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     SECTION 2.14 Governmental Consent. No consent,
approval, authorization or order of, or registration,
qualification, designation, declaration or filing with, any
governmental authority on the part of Auxer is required in
connection with the execution and delivery of this Agreement
or the carrying out of any transactions contemplated hereby
with the exception of the necessary corporate filings with
the State of Idaho relating to the amendment of the Articles
of Incorporation and the proposed exchange of shares.
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     SECTION 2.15 Authority. Auxer and its shareholders
will, prior to the Closing, approve this Agreement and the
transactions contemplated hereby and will duly authorize the
execution and delivery hereof. Auxer has full power,
authority and legal right to enter into this Agreement and
to consummate the transactions contemplated hereby, and all
corporate action necessary to authorize the execution and
delivery of this Agreement and the consummation of the
transactions contemplated hereby has been duly and validly
taken. The execution and delivery of this Agreement, the
consummation of the transactions contemplated hereby and
compliance by Auxer with the provisions hereof will not (a)
conflict with or result in a breach of any provisions of, or
constitute a default (or an event which, with notice or
lapse of time or both, would constitute a default) under, or
result in the creation of any lien, security interest,
charge or encumbrance upon any of the properties or assets
of Auxer under, any of the terms, conditions or provisions
of the Articles of Incorporation or By-Laws of Auxer, or any
note, bond, mortgage, indenture, license, lease, agreement
or any instrument or obligation to which Auxer is a party or
by which it is bound; or (b) violate any order, writ,
injunction, decree, statute, rule or regulation applicable
to Auxer or any of its properties or assets.
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     SECTION 2.16 Full Disclosure. None of the
representations and warranties made by Auxer herein, or in
any exhibit, certificate or memorandum furnished or to be
furnished by Auxer, on its behalf pursuant hereto, contains
or will contain any untrue statement of material fact, or
omits any material fact, the omission of which would be
misleading.
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                    ARTICLE III
                COVENANTS OF AUXER
<P>
     SECTION 3.1 Conduct Prior to the Closing. Between the
date hereof and the Closing:
<P>
     (a)     Auxer will not enter into any material
agreement, contract or commitment, whether written or oral,
or engage in any transaction, without the prior written
consent of CTI;
<P>
     (b)     Auxer will not declare any dividends or
distributions with respect to its capital stock or amend its
Articles of Incorporation or By-Laws, without the prior
written consent of CTI;
<P>
     (c)     Auxer will not authorize, issue, sell, purchase
or redeem any shares of its capital stock or any options or
other rights to acquire its capital stock, without the prior
written consent of CTI;
<P>
     (d)     Auxer will comply with all requirements which
federal or state law may impose on it with respect to this
Agreement and the transactions contemplated hereby, and will
promptly cooperate with and furnish written information to
CTI in connection with any such requirements imposed upon
the parties hereto in connection therewith;
<P>
     (e)     Auxer will not incur any indebtedness for money
borrowed, or issue or sell any debt securities, incur or
suffer to be incurred any liability or obligation of any
nature whatsoever, or cause or permit any lien, encumbrance
or security interest to be created or arise on or in any of
its properties or assets, acquire or dispose of fixed
assets, change employment terms, enter into any material or
long-term contract, guarantee obligations of any third
party, settle or discharge any balance sheet receivable for
less than its stated amount or enter into any other
transaction other than in the regular course of business,
except to comply with the terms of this Agreement, without
the prior written consent of CTI;
<P>
    (f)     Auxer shall grant to CTI and its counsel,
accountants and other representatives, full access during
normal business hours during the period prior to the Closing
to all its respective properties, books, contracts,
commitments and records and, during such period, furnish
promptly to CTI and such representatives all information
relating to Auxer as CTI may reasonably request, and shall
extend to CTI the opportunity to meet with Auxer's
accountants and attorneys to discuss the financial condition
of Auxer; and
<P>
    (g)     Except for the transactions contemplated by this
Agreement, Auxer will conduct its business in the normal
course, and shall not sell, pledge or assign any of its
assets without the prior written consent of CTI.
<P>
     SECTION 3.2 Affirmative Covenants. Prior to Closing,
Auxer will do the following.
<P>
     (a)     Use its best efforts to accomplish all actions
necessary to consummate this Agreement, including
satisfaction of all the conditions contained in this
Agreement;
<P>
     (b)     Promptly notify CTI in writing of any material
adverse change in the financial condition, business,
operations or key personnel of Auxer, any threatened
material litigation or investigation, any breach of its
representations or warranties contained herein, and any
material contract, agreement, license or other agreement
which, if in effect on the date of this Agreement, should
have been included in this Agreement or in an exhibit
annexed hereto and made a part hereof;
<P>
     (c)     Obtain approval of this Agreement from its
shareholders;
<P>
     (d)     Nominate at the Auxer Special Meeting of
Shareholders a new Board of Directors, nominees to be Eugene
Chiaramonte, Jr., Howard Tapen and Eugene Chiaramonte III;
<P>
     (e)     Reserve, and promptly after the Closing, issue
and deliver to Shareholders or their designees the number of
shares of Auxer common stock required hereunder;
<P>
     (f)     Take the necessary corporate action to amend
its Articles of Incorporation to change its name to Auxer
Industries, Inc. or any other name deemed suitable and
approved by the shareholders; and
<P>
     (g)  Take all other necessary corporate actions to
accomplish those items set forth in Section 1.4 hereof.
<P>
                        ARTICLE IV
   REPRESENTATIONS AND WARRANTIES OF CTI AND SHAREHOLDERS
<P>
     CTI and Shareholders hereby represent, warrant and
agree that:
<P>
     SECTION 4.1    Organization of CTI. CTI is a
corporation duly organized, validly existing and in good
standing under the laws of the State of Nevada and is duly
qualified and in good standing in every jurisdiction in
which such qualification is necessary. There are no
corporations or other entities with respect to which (i) CTI
owns any of the outstanding stock or other interest, or (ii)
CTI may be deemed to be in control because of factors or
relationships other than the percentage of outstanding stock
or other interest owned in such entity except as otherwise
disclosed in Exhibit 4.1 annexed hereto and by this
reference made a part hereof. CTI has all requisite
corporate power and authority to enter into this Agreement
and to consummate the transactions contemplated hereby.
<P>
     SECTION 4.2     Charter Documents. Complete and correct
copies of the Articles of Incorporation and By-Laws of CTI
and all amendments thereto, have been or will be delivered
to Auxer prior to the Closing.
<P>
     SECTION 4.3     Financial Statements / Assets and
Liabilities. CTI's financial statements for the period ended
December 31, 1994, a copy of which is annexed hereto as
Exhibit 4.3 and by this reference made a part hereof; are
true and complete in all material respects, having been
prepared in accordance with generally accepted accounting
principles applied on a consistent basis for the periods
covered by such statements, and fairly present the financial
condition of CTI and results of its operations for the
periods covered thereby. CTI has good and marketable title
to all of its assets and property to be delivered to Auxer
hereunder (by way of tendering all of its outstanding shares
of common stock to Auxer), free and clear of any and all
liens, claims and encumbrances, except as may be otherwise
set forth herein and in its financial statements or as
otherwise set forth in Exhibit 1.1.

<P>
     SECTION 4.4     Tax Returns and Payments. All of CTI's
tax returns (federal, state, city, county or foreign) which
are required by law to be filed on or before the date of
this Agreement, have been duly filed or extended with the
appropriate governmental authority. CTI has paid all taxes
to be due on said returns, any assessments made against CTI
and all other taxes, fees and similar charges imposed on CTI
by any governmental authority (other than those, the amount
or validity of which is being contested in good faith by
appropriate proceedings). No tax liens have been filed and
no claims are being assessed with respect to any such taxes,
fees or other similar charges.
<P>
     SECTION 4.5     Required Authorizations. There have
been or will be timely filed, given, obtained or taken, all
applications, notices, consents, approvals, orders,
registrations, qualifications waivers or other actions of
any kind required by virtue of execution and delivery of
this Agreement by CTI or the consummation by it of the
transactions contemplated hereby.
<P>
     SECTION 4.6     Compliance with Law and Government
Regulations. CTI is in compliance with all applicable
statutes, regulations, decrees, orders, restrictions,
guidelines and standards affecting its properties and
operations, imposed by the United States of America or any
state to which CTI is subject.
<P>
     SECTION 4.7     Litigation. There is no material
litigation, arbitration, proceeding or investigation pending
or threatened to which it is a party or which may result in
any material change in the business or condition, financial
or otherwise, of CTI or in any of its properties or assets,
or which if determined against CTI would have a material
adverse effect against CTI, or which might result in any
liability on the part of CTI, or which questions the
validity of this Agreement or of any action taken or to be
taken pursuant to or in connection with the provisions of
this Agreement, and to the best knowledge of CTI, there is
no basis for any such litigation, arbitration, proceeding or
investigation.
<P>
      SECTION 4.8     Patents, Trade Names and Rights
Exhibit 4.8 annexed hereto and by this reference made a part
hereof, contains a complete list of all patents, trademarks,
service marks, trademark and service mark registrations,
applications and licenses with respect to the foregoing
owned or held by M. CTI has no knowledge of any facts and
nothing has come to its attention that would lead it to
believe that it has infringed or misappropriated or is
infringing upon any trademark, copyright, patent or other
similar right of any person. No claim relating thereto is
pending or to the knowledge of CTI is threatened.
<P>
      SECTION 4.9     Governmental Consent. No consent,
approval, authorization or order of, or registration,
qualification, designation, declaration or filing with, any
governmental authority on the part of CTI is required in
connection with the execution and delivery of this Agreement
or the carrying out of any transactions contemplated hereby.
<P>
     SECTION 4.10     Authority . CTI and its Shareholders
representing no less than one hundred percent (100%) of the
issued and outstanding shares of CTI capital stock of
record, have approved this Agreement and duly authorized the
execution and delivery hereof. CTI has full power, authority
and legal right to enter into this Agreement on behalf of
CTI and its Shareholders and to consummate the transactions
contemplated hereby, and all corporate action necessary to
authorize the execution and delivery of this Agreement and
the consummation of the transactions contemplated hereby has
been duly and validly taken. The execution and delivery of
this Agreement, the consummation of the transactions
contemplated hereby and compliance by CTI with the
provisions hereof will not (a) conflict with or result in a
breach of any provisions of, or constitute a default (or an
event which, with notice or lapse of time or both, would
constitute a default) under, or result in the creation of
any lien, security interest, charge or encumbrance upon any
of the properties or assets of CTI under, any of the terms,
conditions or provisions of the Articles of Incorporation or
By-Laws of CTI, or any note, bond, mortgage, indenture,
license, agreement or any instrument or obligation to which
CTI is party or by which it is bound; or (b) violate any
order, writ, injunction, decree, statute, rule or regulation
applicable to CTI or any of its properties or assets.
<P>
      SECTION 4.11     Ownership of Shares. Shareholders
representing 100% of the CTI capital stock currently issued
and outstanding and which stock is to be transferred to
Auxer under this Agreement, have full power and authority to
transfer such shares of CTI capital stock to Auxer
hereunder, and such shares are free and clear of any liens,
charges, mortgages, pledges or encumbrances and such shares
are not subject to any claims as to the ownership thereof or
any rights, powers or interest therein, by any third party.
<P>
      SECTION 4.12     Investment Purpose . CTI and
Shareholders represent that the recipients of the Auxer
Shares hereunder are acquiring the shares for investment
purposes only and acknowledges that the Auger Shares issued
hereunder are "restricted securities" and may not be sold,
traded or otherwise transferred without registration under
the 1933 Act or exemption therefrom.
<P>
      SECTION 4.13     Full Disclosure. None of the
representations and warranties made by CTI and Shareholders
herein, or in any exhibit, certificate or memorandum
furnished or to be furnished by Auxer, on its behalf
contains or will contain any untrue statement of material
fact, or omit any material fact, the omission of which would
be misleading.
<P>
                        ARTICLE V
                    COVENANTS OF CTI
<P>
      SECTION 5.1    Conduct Prior to the Closing. Between
the date hereof and the Closing:
<P>
      (a)    Except within the regular course of business,
CTI will not enter into any material agreement, contract or
commitment, whether written or oral, or engage in any
transaction, without the consent of Auxer;
<P>
      (b)    CTI will not declare any dividends or
distributions with respect to its capital stock or amend its
Articles of Incorporation or By-Laws, without the prior
consent of Auxer;
<P>
      (c)    Except within the regular course of business,
CTI will not incur any indebtedness for money borrowed or
issue any debt securities, or incur or suffer to be incurred
any liability or obligation of any nature whatsoever, or
cause or permit any lien, encumbrance or security interest
to be created or arise on or in any of its properties or
assets, without the consent of Auxer;
<P>
     (d)     CTI will comply with all requirements which
federal or state law may impose on it with respect to this
Agreement and the transactions contemplated hereby, and will
promptly cooperate with and furnish information to Auxer in
connection with any such requirements imposed upon the
parties hereto in connection therewith; and
<P>
     (e)     CTI shall grant to Auxer and its counsel,
accountants and other representatives, full access during
normal business hours during the period prior to the Closing
to all its respective properties, books, contracts,
commitments and records and, during such period, furnish
promptly to Auxer and such representatives all information
relating to CTI as Auxer may reasonably request, and shall
extend to Auxer the opportunity to meet with CTI's
accountants and attorneys to discuss the financial condition
of CTI.
<P>
      SECTION 5.2     Affirmative Covenants. Prior to
Closing, CTI will do the following.
<P>
      (a)     Obtain the approval of its Board of Directors
and Shareholders to proceed with this Agreement;
<P>
      (b)     Use its best efforts to accomplish all actions
necessary to consummate this Agreement, including
satisfaction of all the conditions contained in this
Agreement; and
<P>
      (c)    Promptly notify Auxer in writing of any
materially adverse change in the financial condition,
business, operations or key personnel of CTI, any breach of
its representations or warranties contained herein, and any
material contract, agreement, license or other agreement
which, if in effect on the date of this Agreement, should
have been included in this Agreement.
<P>
                     ARTICLE VI
               ADDITIONAL AGREEMENTS
<P>
     SECTION 6.1     Expenses. Whether or not the
transactions contemplated in this Agreement are consummated,
all costs and expenses incurred in connection with this
Agreement and the transactions contemplated hereby shall be
paid by the party incurring such expense or as otherwise
agreed to herein.
<P>
     SECTION 6.2     Brokers and Finders. Each of the
parties hereto represents, as to itself, that no agent,
broker, investment banker or firm or person is or will be
entitled to any broker's or finder's fee or any other
commission or similar fee in connection with any of the
transactions contemplated by this Agreement.
<P>
     SECTION 6.3     Necessary Actions. Subject to the terms
and conditions herein provided, each of the parties hereto
agree to use all reasonable efforts to take, or cause to be
taken, all action, and to do, or cause to be done, all
things necessary, proper or advisable under applicable laws
and regulations to consummate and make effective the
transactions contemplated by this Agreement. In the event at
any time after the Closing, any further action is necessary
or desirable to carry out the purposes of this Agreement,
the proper officers and/or directors of Auxer or CTI, as the
case may be, shall take all such necessary action.
<P>
     SECTION 6.4     Indemnification.
<P>
     (a) CTI and Shareholders agree to defend and hold Auger
harmless against and in respect of any and all claims,
demands, losses, costs, expenses, obligations, liabilities,
damages, recoveries and deficiencies, including interest,
penalties, and reasonable attorney fees, that Auxer shall
incur or suffer, which arise out of, result from or relate
to any material breach of, or failure by CTI and/or
Shareholders to perform any of its representations,
warranties, covenants and agreements in this Agreement or in
any exhibit or other instrument furnished or to be furnished
by CTI and Shareholders under this Agreement.
<P>
     (b)    Auxer agrees to defend and hold CTI and
Shareholders harmless against and in respect of any and all
claims, demands, losses, costs, expenses, obligations,
liabilities, damages, recoveries and deficiencies, including
interest, penalties, and reasonable attorney fees, that CTI
and/or Shareholders shall incur or suffer, which arise out
of, result from or relate to any material breach of, or
failure by Auxer to perform any of its representations,
warranties, covenants and agreements in this Agreement or in
any exhibit or other instrument furnished or to be furnished
by Auxer under this Agreement.
<P>
     SECTION 6.5    Confidentiality. All parties hereto
agree to keep confidential this Agreement and all
information and documents relating to this Agreement until
such time as the Agreement and the transactions contemplated
hereunder are made public by means of an appropriate press
release or by any other means reasonably assured to make
such information publicly available.
<P>
                      ARTICLE VII
          CONDITIONS TO OBLIGATIONS OF TIE PARTIES
<P>
     The obligations of the parties under this Agreement are
subject to the fulfillment and satisfaction of each of the
following conditions:
<P>
     SECTION 7.1    Legal Action. No preliminary or
permanent injunction or other order by any federal or state
court which prevents the consummation of this Agreement or
any of the transactions contemplated by this Agreement shall
have been issued and remain in effect.
<P>
     SECTION 7.2    Absence of Termination. The obligations
to consummate the transactions contemplated hereby shall not
have been canceled pursuant to Article X hereof.
<P>
     SECTION 7.3    Required Approvals. Auger and CTI shall
have received all such approvals, consents, authorizations
or modifications as may be required to permit the
performance by Auxer and C77 of the respective obligations
under this Agreement, and the consummation of the
transactions herein contemplated, whether from governmental
authorities or other persons, and Auxer and CTI shall each
have received any and all permits and approvals from any
regulatory authority having jurisdiction required for the
lawful consummation of this Agreement.
<P>
     SECTION 7.4     Blue Sky Compliance. There shall have
been obtained any and all permits, approvals and consents of
the Securities or "Blue Sky" Commissions of any
jurisdictions, and of any other governmental body or agency,
which counsel for Auxer may reasonably deem necessary or
appropriate so that consummation of the transactions
contemplated by this Agreement may be in compliance with all
applicable laws.
<P>
                       ARTICLE VIII
          CONDITIONS PRECEDENT TO OBLIGATIONS OF AUXER
<P>
     All obligations of Auxer under this Agreement are
subject to the fulfillment and satisfaction by CTI and
Shareholders prior to or at the time of the Closing, of each
of the following conditions, any one or more of which may be
waived by Auxer.
<P>
     SECTION 8.1     Representations and Warranties True at
the Closing. All representations and warranties of CTI and
Shareholders contained in this Agreement will be true and
correct at and as of the time of the Closing, and CTI and
Shareholders shall have delivered to Auxer certificates,
dated the date of the Closing, to such effect and in the
form and substance satisfactory to Auxer, and signed, in the
case of CTI, by its president and secretary.
<P>
     SECTION 8.2     Performance. The obligations of CTI and
Shareholders to be performed on or before the Closing
pursuant to the terms of this Agreement shall have been duly
performed at such time, and CTI and Shareholders shall have
delivered to Auxer a certificate, dated the date of the
Closing, to such effect and in form and substance
satisfactory to Auxer.
<P>
     SECTION 8.3     Authority. All action required to be
taken by, or on the part of CTI and its Shareholders to
authorize the execution, delivery and performance of this
Agreement by CTI and Shareholders and the consummation of
the transactions contemplated hereby, shall have been duly
and validly taken.
<P>
     SECTION 8.4     Absence of Certain Changes or Events.
There shall not have occurred, since the date hereof' any
adverse change in the business, condition, (financial or
otherwise), assets or liabilities of CTI or any event or
condition of any character adversely affecting CTI, and it
shall have delivered to Auxer, certificates, dated the date
of the Closing, to such effect and in form and substance
satisfactory to Auxer and signed, in the case of CTI, by its
president and secretary.
<P>
     SECTION 8.5     Acceptance by CTI Shareholders. The
holders of record as of the Closing of an aggregate of not
less than one hundred percent (100%) of the issued and
outstanding shares of capital stock of CTI have agreed to
exchange their shares for the Auxer Shares specified herein.
<P>
                       ARTICLE IX
       CONDITIONS PRECEDENT TO OBLIGATIONS OF CTI
<P>
     All obligations of CTI and Shareholders under this
Agreement are subject to the fulfillment and satisfaction by
Auxer, prior to or at the time of Closing, of each of the
following conditions, any one or more of which may be waived
by CTI and Shareholders.
<P>
     SECTION 9.1     Representations and Warranties True at
the Closing. All representations and warranties of Auxer
contained in this Agreement will be true and correct at and
as of the time of the Closing, and Auxer shall have
delivered to CTI a certificate, dated the date of the
Closing, to such effect and in the form and substance
satisfactory to CTI and Shareholders, and signed, in the
case of Auxer, by its president and secretary.
<P>
     SECTION 9.2     Performance. Each of the obligations of
Auxer to be performed on or before the Closing pursuant to
the terms of this Agreement shall have been duly performed
at the time of the Closing, and Auxer shall have delivered
to CTI a certificate, dated the date of the Closing, to such
effect and in form and substance satisfactory to CTI and
Shareholders, and signed, in the case of Auxer, by its
president and secretary.
<P>
      SECTION 9.3    Authority. All action required to be
taken by, or on the part of Auxer, to authorize the
execution, delivery and performance of this Agreement by
Auxer, and the consummation of the transactions contemplated
hereby shall be duly and validly taken.
<P>
      SECTION 9.4     Absence of Certain Chances or Events.
There shall not have occurred, since the date hereof, any
adverse change in the business, condition, (financial or
otherwise), assets or liabilities of Auxer or any event or
condition of any character adversely affecting Auxer and it
shall have delivered to CTI, certificates, dated the date of
the Closing, to such effect and in form and substance
satisfactory to CTI and Shareholders and signed, in the case
of Auxer, by its president and secretary.
<P>
     SECTION 9.5     Action by Auxer Shareholders. Prior to
the Closing of this Agreement, the shareholders of Auxer
shall have approved this Agreement and the transactions
contemplated hereunder, approved the amendments to the Auxer
Articles of Incorporation as set forth in Section 1.4 above,
and shall have elected new directors as specified in Section
1.4(d) above. The current directors and officers of Auxer
shall have submitted their resignations as directors and
officers of Auxer effective on the Closing of this
Agreement.
<P>
                        ARTICLE X
                       TERMINATION
<P>
     SECTION 10.1     Termination. Notwithstanding anything
herein or elsewhere to the contrary, this Agreement may be
terminated:
<P>
     (a)    By mutual agreement of all the parties hereto at
any time;
<P>
     (b)    By the board of directors of Auxer at any time
prior to the Closing if
<P>
           (i)    a condition to performance by Auxer under
this Agreement or a covenant of CTI and/or Shareholders
contained herein shall not be fulfilled on or before the
time of the Closing or at such other time and date specified
for the fulfillment for such covenant or condition; or
<P>
           (ii)   a material default or breach of this
Agreement shall be made by CTI; or
<P>
           (iii)   if the Closing shall not have taken place
on or prior to May 31, 1995.
<P>
     (c)    By the board of directors of CTI at any time
prior to the Closing if
<P>
           (i) a condition to CTI's and Shareholders'
performance under this Agreement or a covenant of Auxer
contained in this Agreement shall not be fulfilled on or
before the Closing or at such other time and date specified
for the fulfillment of such covenant or conditions;
<P>
           (ii)  a material default or breach of this
Agreement shall be made by Auger; or
<P>
           (iii)  if the Closing shall not have taken place
on or prior to May 31, 1995.
<P>
     SECTION 10.2    Effect of Termination. If this
Agreement is terminated, this Agreement, except as to
Section 11.1 and Section 11.2, shall no longer be of any
force or effect and there shall be no liability on the part
of any party or its respective directors, officers or
stockholders; provided however, that in the case of a
Termination without cause by a party or a termination
pursuant to Sections 10.1(b)(i) or 10.1(c)(i) hereof because
of a prior material default under or a material breach of
this Agreement by another party, the damages which the
aggrieved party or parties may recover from the defaulting
party or parties shall in no event exceed the amount of
out-of-pocket costs and expenses incurred by such aggravated
party or parties in connection with this Agreement, and no
party to this Agreement shall be entitled to any injunctive
relief.
<P>
                        ARTICLE XI
                      MISCELLANEOUS
<P>
     SECTION 11.1    Cost and Expenses. All costs and
expenses incurred in connection with this Agreement will be
paid by the party incurring such expenses. In the event of
any termination of this Agreement pursuant to Section 10.1,
subject to the provisions of Section 10.2, Auxer and CTI
will each bear their own respective expenses.
<P>
     SECTION 11.2    Extension of Time: Waivers. At any time
prior to the Closing date:
<P>
     (a)    Auxer may (i) extend the time for the
performance of any of the obligations or other acts of CTI
and/or Shareholders, (ii) waive any inaccuracies in the
representations and warranties of CTI and Shareholders
contained herein or in any document delivered pursuant
hereto by CTI and Shareholders, and (iii) waive compliance
with any of the agreements or conditions contained herein to
be performed by CTI and Shareholders. Any agreement on the
part of Auxer to any such extension or waiver shall be valid
only if set forth in an instrument, in writing, signed on
behalf of Auxer;
<P>
      (b) CTI may (i) extend the time for the performance of
any of the obligations or other acts of Auxer, (ii) waive
any inaccuracies in the representations and warranties of
Auxer contained herein or in any document delivered pursuant
hereto by Auxer and (iii) waive compliance with any of the
agreements or conditions contained herein to be performed by
Auxer. Any agreement on the part of CTI and to any such
extension or waiver shall be valid only if set forth in an
instrument, in writing, signed on behalf of CTI.
<P>
       SECTION 11.3     Notices. Any notice to any party
hereto pursuant to this Agreement shall be in writing and
given by Certified or Registered Mail or by facsimile,
addressed as follows:
<P>
     The Auger Gold Mines
     c/o Leonard E. Neilson
     Attorney at Law
     1121 East 3900 South, Suite 200
     Salt Lake City, Utah 84124
<P>
     CT Industries, Inc.
     P.O. Box 22895
     Newark, New Jersey 07101-9998
<P>
     Additional notices are to be given as to each party, at
such other address as should be designated in writing
complying as to delivery with the terms of this Section
11.3. All such notices shall be effective when sent,
addressed as aforesaid.
<P>
     SECTION 11.4     Parties in Interest. This Agreement
shall inure to the benefit of and be binding upon the
parties hereto and the respective successors and assigns.
Nothing in this Agreement is intended to confer, expressly
or by implication, upon any other person any rights or
remedies under or by reason of this Agreement.
<P>
     SECTION 11.5     Counterparts. This Agreement may be
executed in one or more counterparts, each of which shall be
deemed an original and together shall constitute one
document. The delivery by facsimile of an executed
counterpart of this Agreement shall be deemed to be an
original and shall have the full force and effect of an
original executed copy.
<P>
     SECTION 11.6     Severability. The parties hereto agree
and affirm that none of the provisions herein is dependent
upon the validity of any other provision, and if any part of
this Agreement is deemed to be unenforceable, the remainder
of the Agreement shall remain in full force and effect.
<P>
     SECTION 11.7     Headings. The Article and Section
headings are provided herein for convenience of reference
only and do not constitute a part of this Agreement.
<P>
     SECTION 11.8     Governing Law. This Agreement shall be
governed by the laws of the State of Utah.
<P>
     SECTION 11.9     Survival of Representations and
Warranties. All terms, conditions, representations and
warranties set forth in this Agreement or in any instrument,
certificate, opinion, or other writing providing for in it,
shall survive the Closing and the delivery of the Auxer
Shares issued hereunder at the Closing, for a period of one
year from the Closing regardless of any investigation made
by or on behalf of any of the parties hereto.
<P>
     SECTION 11.10     Assignability. This Agreement shall
not be assignable by any of the parties hereto without the
prior written consent of the other parties.
<P>
     SECTION 11.11 Amendment.     This Agreement may be
amended with the approval of Shareholders and the boards of
directors of Auxer and C77 at any time before or after
approval thereof by stockholders of Auxer, if required, and
CTI; but after such approval by the Auxer shareholders, no
amendment shall be made which substantially and adversely
changes the terms hereof. This Agreement may not be amended
except by an instrument, in writing, signed on behalf of
each of the parties 'hereto.
<P>
    IN WITNESS WHEREOF, the parties hereto have executed and
delivered this Agreement in a manner legally binding upon
them as of the date first above written.
<P>
     "Auxer"
     THE AUXER GOLD MINES          Attest:
<P>
     By:
     Its: President                Secretary
<P>
     "CTI"
     CT INDUSTRIES, INC.
<P>
     By: (s) Eugene Chiaramonte    (s) Howard Tapen
         -----------------------   -----------------
             President                 Secretary
<P>
     "Shareholders"
<P>
     (s) Eugene Chiaramonte
     ------------------------
         EUGENE CHIARAMONTE, JR.
<P>
     (s) Howard Tapen
     -----------------
         HOWARD TAPEN

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}]]