Document:

EXHIBIT 10.16

                                                               EXECUTION VERSION

                      INDEMNIFICATION AND ESCROW AGREEMENT

           THIS  INDEMNIFICATION AND ESCROW AGREEMENT (this "Agreement") is made
and  entered  into as of this  28th  day of  September,  2004 by and  among  CCP
Worldwide, Inc., a Delaware corporation ("Parent"), Dyadic International,  Inc.,
a  Florida  corporation  (the  "Company"),  Mark  Tompkins  ("Tompkins"),  Vitel
Ventures  ("Vitel,"  and together with Tompkins  referred to  individually  as a
"Stockholder" and collectively as  "Stockholders"),  and Jenkens & Gilchrist,  a
Professional Corporation, as escrow agent (the "Escrow Agent").

                                    RECITALS

           A. CCP  Acquisition  Corp,  a Florida  corporation  and  wholly-owned
subsidiary of Parent (the  "Acquisition"),  Parent and the  -----------  Company
have entered into an Agreement of Merger and Plan of Reorganization, dated as of
September 28, 2004 (the "Merger Agreement"),  whereby Acquisition will be merged
with and into the Company (the "Merger").

           B. If the Merger is consummated, Stockholder will receive substantial
benefits and value.

           C.  Stockholders  intend  to  indemnify  and  hold  harmless,   on  a
non-recourse  basis,   Parent,  the  Company  and  their  respective   officers,
directors,  and  employees  and each person,  if any, who controls  such persons
within the meaning of the  Securities  Act and the Exchange Act against  certain
Indemnified Losses (as hereinafter defined).

           D. Vitel desires to escrow,  or cause to be escrowed,  with an escrow
agent 225,000  shares of Parent  Common  Stock,  which are shares that are to be
issued to Vitel  pursuant  to the Merger in respect to Vitel's  shares of common
stock in the Company,  to secure  Stockholders'  obligations  to  indemnify  the
Indemnified Parties (as hereinafter defined) against the Indemnified Losses.

           E. As an accommodation to the other parties,  and notwithstanding the
fact that the Escrow Agent is legal  counsel to the Company,  the other  parties
have  requested  that the Escrow  Agent also serve in the  capacity of an escrow
agent in the performance of this Agreement.

           F. By execution of this  Agreement,  the parties hereto desire to set
forth  more  specifically  their  rights  and  obligations  with  respect to the
indemnification  and  escrow  obligations  of  Stockholders  to the  Indemnified
Parties.

           G.  Section 6.18 of the Merger  Agreement  requires  Stockholders  to
execute and deliver this Agreement to Parent and the Company.

           NOW, THEREFORE, in consideration of the foregoing Recitals (which are
hereby  incorporated  into and made a part of this Agreement) and the mutual and
dependent covenants hereinafter set forth, the parties agree as follows:

<PAGE>

           1. Defined  Terms.  Capitalized  terms used in this Agreement and not
otherwise defined shall have the meanings given them in the Merger Agreement,  a
copy of which is attached hereto as Exhibit A.

           2. Regulatory Indemnification Provisions.  Stockholders,  jointly and
severally,  agree on a  non-recourse  basis (a) to indemnify  and hold  harmless
Parent, the Company and their respective officers,  directors and employees, and
each  person,  if any,  who  controls  such  person  within  the  meaning of the
Securities Act and the Exchange Act (collectively,  the "Indemnified  Parties"),
against any loss, claim, damage,  liability or expense and/or actions in respect
thereof  (collectively,  the  "Regulatory  Indemnified  Losses")  arising  from,
relating to or incurred  under the  Securities  Act, the  Exchange  Act, any SEC
rule,  other  federal  or state  statutory  law or  regulation,  the  rules  and
regulations of any self-regulatory  organization  (including without limitation,
the  National  Association  of  Securities  Dealers  or  NASDAQ)  or common  law
(collectively,   the  "Applicable   Laws")   (including  in  settlement  of  any
litigation,  investigation or administrative  proceeding,  if such settlement is
effected  with the written  consent of  Stockholder,  which consent shall not be
unreasonably withheld or delayed), insofar as such Regulatory Indemnified Losses
arise out of or are based  upon any  failure  of Parent to have  complied  on or
before the Merger  Effective  Time with any of the Applicable  Laws,  including,
without  limitation:  (i) the failure of any registration,  information or proxy
statement,  report or other  document  filed by Parent with the SEC or any state
securities  regulatory authority (each a "Filed Document") to be timely filed or
otherwise conform in all material respects to the requirements of the Applicable
Laws;  or (ii) the  inclusion in any Filed  Document of any untrue  statement of
material  fact or the  omission  from any Filed  Document of any  material  fact
required to be stated  therein or necessary to make the statements  therein,  in
the light of the  circumstances  under which they are made, not misleading;  and
(b) to  reimburse  the  Indemnified  Parties  for any legal  and  other  expense
incurred by the Indemnified Parties in connection with investigating, defending,
settling,  compromising or paying any such Regulatory  Indemnified Loss. Without
limitation,  the amount of any such  Regulatory  Indemnified  Loss shall include
Parent's  expenses,  including  its legal and  accounting  fees,  incurred  with
respect to (i) any amendment of any Filed Document,  including responding to SEC
comments or the comments of any state securities regulatory authority related to
any Filed  Documents,  and\or (ii) the  performance of any  additional  services
relating to the preparation of and\or amendment of any registration, information
or  proxy  statement,  report  or  other  document  filed  by  Parent  with  the
Commission,  any state securities regulatory authority,  and/or NASDAQ following
the Merger Effective Time, including without limitation,  Parent's  registration
statement  under the  Exchange  Act and its  reports on Form 8-K  reporting  the
Merger,  the Merger  Agreement  and  related  transactions,  made  necessary  or
advisable  as a result  of  deficiencies  in the  Filed  Documents  or any other
failure  of Parent to have  complied  with  Applicable  Laws prior to the Merger
Effective Time. For avoidance of any doubt, no additional  services  referred to
in the  immediately  preceding  sentence  shall be deemed to have been performed
with respect to the  preparation  of Parent's  reports on Form 8-K reporting the
Merger,  the Merger  Agreement  and related  transactions  in the absence of any
deficiencies  in the  Filed  Documents  or any other  failure  of Parent to have
complied with Applicable Laws prior to the Merger Effective Time.

           3.  Breaches of Agreements  by Parent and  Affiliates.  Stockholders,
jointly and  severally,  agree on a nonrecourse  basis (a) to indemnify and hold
harmless the Indemnified Parties against any loss, claim,  damage,  liability or
expense  and/or  actions  in  respect  thereof  (collectively,   the  "Agreement

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<PAGE>

Indemnified  Losses")  arising from,  relating to or incurred as a result of (i)
any  breach  by  Parent  on  or  before  the  Merger   Effective   Time  of  any
representation, warranty or covenant of Parent contained in the Merger Agreement
or (ii) any breach by David R. Allison  ("Allison")  or Custom Craft  Packaging,
Inc., a North Carolina  corporation ("Custom Craft"), of any of their respective
representations,  warranties  or covenants  contained in that certain  Split-Off
Agreement  dated as of September 28, 2004 (the "Split-Off  Agreement"),  between
Parent,  the  Company,  Custom  Craft  and  Allison;  and (b) to  reimburse  the
Indemnified  Parties for any legal and other expense incurred by the Indemnified
Parties in connection with investigating,  defending, settling,  compromising or
paying any such Agreement  Indemnified Loss.  Stockholders  acknowledge that the
representations,  warranties  and  covenants  of Parent  contained in the Merger
Agreement  survive beyond the Merger Effective Time, as provided in Section 8 of
the Merger Agreement.

           4. Additional Indemnification Provisions.  Stockholders,  jointly and
severally,  shall also (a) indemnify and hold harmless the  Indemnified  Parties
against any loss, claim, damage,  liability or expense and/or actions in respect
thereof (collectively,  the "Additional  Indemnification  Losses") (including in
settlement of any litigation,  investigation or  administrative  proceeding,  if
such  settlement  is effected  with the written  consent of  Stockholder,  which
consent  shall  not  be  unreasonably  withheld  or  delayed)  insofar  as  such
Additional  Indemnification Losses arise out of, relate to or are based upon (i)
any liability or obligation of Parent for any federal, state or local taxes as a
result of the  Split-Off,  (ii) the  failure  of Parent to have more than  three
hundred (300) round lot holders (as computed in accordance with the rules of the
NASDAQ Stock Market),  without  counting the  stockholders  and investors in the
Company  existing  as of the date of this  Agreement,  by the  ninetieth  (90th)
Business Day following  the Merger  Effective  Time, or (iii) any  violations of
federal or state securities laws attributable to any past or future purchases or
sales by either  of  Stockholders  of Parent  Common  Stock,  or any  derivative
securities thereof;  and (b) reimburse the Indemnified Parties for any legal and
other  expense   incurred  by  the   Indemnified   Parties  in  connection  with
investigating,  defending, settling,  compromising or paying any such Additional
Indemnified Loss.

           5.  Escrow  Deposit.   Simultaneously  with  the  execution  of  this
Agreement,  Vitel has deposited, or cause to be deposited,  --------------- with
the Escrow Agent 225,000 shares of Parent Common Stock (or 225,000 shares of the
Company's  common stock to be exchanged  for Parent  Common Stock as a result of
the  Merger)  (the  "Escrow  Shares"),  which will be  available  to satisfy any
amounts  owed to any of the  Indemnified  Parties  with  respect  to  Regulatory
Indemnified Losses,  Agreement Indemnified Losses and/or Additional  Indemnified
Losses (collectively,  the "Indemnified  Losses").  Vitel shall endorse over the
certificates  representing  the Escrow  Shares to the Escrow  Agent,  and Vitel,
Parent and Escrow Agent shall cause the Escrow Shares to be registered in Escrow
Agent's name under the style "Jenkens & Gilchrist, a Professional  Corporation,"
as Escrow  Agent" with  Parent's  transfer  agent and  registrar  for the Parent
Common Stock.  The Escrow Agent shall take physical  possession of  certificates
representing the Escrow Shares registered in its name as aforesaid and hold such
certificates  representing  the Escrow Shares in an "Escrow  Account" subject to
and in accordance  with this Agreement.  If Vitel deposits  Company Common Stock
instead of Parent Common Stock,  Vitel will  cooperate to effect the exchange of
each Company  Common Stock for Parent Common Stock in accordance  with the terms
of the Merger.

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<PAGE>

           6.   Administration  of  Escrow  Account.   The  Escrow  Agent  shall
administer the Escrow Account and Escrow Shares as follows:

                      (a) If an  Indemnified  Party has  incurred or suffered an
Indemnified  Loss for which,  based on its good  faith  belief,  such  Person is
entitled to be  indemnified  by the  Stockholders  pursuant to the terms of this
Agreement (the "Claim"), it may request the release of some or all of the Escrow
Shares by giving written  notice of its Claim in accordance  with the provisions
of Section 12 hereof  (the  "Claim  Notice")  to the Escrow  Agent and the other
parties hereto prior to or on the  Termination  Date (as  hereinafter  defined),
describing  in such  notice the amount of the claimed  Indemnified  Losses and a
reasonable  description of the basis for such Claim;  provided,  however, that a
Claim Notice shall be deemed to be  sufficient  and properly made even if at the
time of the  giving of the  Claim  Notice  the  amount of the Claim has not been
determined,  is not known or can only be described  in general  terms so long as
the Claim Notice so states and in such event, the Claim shall be deemed to be an
Open Claim (as  hereinafter  defined)  and the Escrow  Agent  shall  reserve all
Escrow Shares  remaining in the Escrow  Account (plus all dividends  received on
the Escrow Shares,  which shall  constitute part of the Escrow  Account),  which
shall be deemed a Claim  Reserve (as  hereinafter  defined)  until a  subsequent
Claim  Notice  relating to the original  Claim  Notice that  contains a specific
amount is delivered to the Escrow Agent and at that time Stockholders may make a
written  objection to such Claim  pursuant to Section  6(c) hereof.  The one (1)
year  anniversary of the  consummation of the Merger shall be referred to herein
as the "Termination Date."

                      (b) If the Escrow Agent has not received written objection
to a Claim by an  Indemnified  Party from  Stockholders  within thirty (30) days
after  delivery to the Escrow  Agent and  Stockholders  of the Claim Notice with
respect to such  Claim from such  Indemnified  Party,  the Claim  stated in such
notice  shall be  conclusively  deemed to be approved by  Stockholders,  and the
Escrow  Agent  shall on the second  (2nd)  banking day  thereafter  issue to the
applicable Indemnified Party the number of Escrow Shares from the Escrow Account
having a Value (as hereinafter defined) equal to the amount of the Claim.

                      (c) If within such thirty (30) days the Escrow Agent shall
have received from  Stockholders a written objection to any Claim or any portion
of a Claim made by an Indemnified Party, reasonably specifying the nature of and
grounds for such  objection  (a copy of which shall in each case be sent to such
Indemnified  Party in accordance with the provisions of Section 12 below),  then
such Claim or such  portion of the Claim  shall be deemed to be an "Open  Claim"
and the Escrow  Agent  shall  reserve  within the Escrow  Account  the number of
Escrow Shares having a Value equal to the amount of the Open Claim (which amount
for each Open Claim is referred to herein as a "Claim Reserve").  Any portion of
the Claim that Stockholders  have not specifically  objected to pursuant to this
subsection shall be deemed to be approved by Stockholders,  and the Escrow Agent
shall on the second (2nd)  banking day after  expiration of such thirty (30) day
period release to such Indemnified Parties from the Escrow Account the number of
Escrow  Shares  having a Value equal to the portion of the Claim not objected to
pursuant to this Section. Notwithstanding the foregoing, Stockholders may object
to a Claim or a portion of a Claim  pursuant to this Section 6 only based upon a
good faith  belief  that all or any  portion  of the Claim  does not  constitute
Indemnified   Losses  for  which  such  Indemnified   Parties  are  entitled  to
indemnification  under  this  Agreement  or that  the  amount  of any  Claim  is
overstated.

                                       4
<PAGE>

                      (d) The amount  constituting  the Claim  Reserve  for each
Open  Claim  shall be paid by the Escrow  Agent from the Escrow  Account to such
Indemnified  Parties only in accordance and consistent  with (i) a joint written
instruction by such Indemnified Parties and Stockholders (a "Joint Instruction")
or (ii) a final  non-appealable  order of a court of competent  jurisdiction  (a
"Final  Determination").  The Escrow Agent shall act on a Joint Instruction or a
Final Determination  without further question.  Any portion of an Open Claim not
payable  to the  Indemnified  Parties  shall be no longer  subject  to the Claim
Reserve and shall remain part of the Escrow Account.

                      (e) For purposes of this Agreement, the "Value" of each of
the Escrow Shares shall be $3.33 per share.

                      (f) In connection  with the  performance of this Agreement
each of the parties  expressly  acknowledges and agrees that the Escrow Agent is
not providing  legal services in connection  with its escrow  services  rendered
under this Agreement but that, for other matters,  Escrow Agent is legal counsel
to the Company,  and following  the  consummation  of the Merger,  will be legal
counsel to Parent,  and  therefore  agrees  that in no event shall the mere fact
that the Escrow Agent is serving as the escrow agent  hereunder give rise to any
conflict of interest or other grounds by which the Company, or subsequent to the
Merger, the Parent, shall be deprived of the benefit of the Escrow Agent's legal
counsel,  provided  that if there  shall  arise any  dispute  between any of the
parties hereto in connection with the performance of this Agreement,  the Escrow
Agent shall  resign its  position as Escrow  Agent  hereunder  in favor of a new
escrow agent mutually agreed to by the other parties hereto.

           7.  Deliveries  from  Escrow.  The Escrow Agent shall hold the Escrow
Shares in escrow in accordance  with this Agreement and shall make deliveries of
Escrow Shares only as follows:

                      (a) Deliveries  shall be made to an Indemnified  Party for
Claims made by such  Indemnified  Party under this Agreement with respect to the
Escrow Account when, and to the extent, authorized under Section 6 above.

                      (b) Promptly  after the six (6) month  anniversary  of the
consummation of the Merger (the "6-Month  Anniversary"),  the Escrow Agent shall
deliver to Vitel  75,075 of the Escrow  Shares then held in the Escrow  Account;
provided,  however, if the aggregate amounts of any and all Claim Reserves as of
the  6-Month  Anniversary  exceed  $500,000,  the number of Escrow  Shares to be
delivered under this paragraph (b) by the Escrow Agent to Vitel shall be reduced
by the number  equal to (i) the excess of the  aggregate  amounts of any and all
Claim Reserves as the 6-Month Anniversary over $500,000 divided by (ii) $3.33.

                      (c) Promptly after the Termination  Date, the Escrow Agent
shall  deliver  to Vitel all of the  remaining  Escrow  Shares  then held in the
Escrow  Account  less the number of Escrow  Shares  having a Value  equal to the
aggregate  amounts of any and all Claim  Reserves  as of the  Termination  Date.
After the Termination  Date, the number of Escrow Shares  constituting the Claim
Reserve  for each Open Claim  shall be  delivered  by the Escrow  Agent from the
Escrow  Account to an Indemnified  Party or Vitel upon a Joint  Instruction or a
Final Determination with respect to such Open Claim.

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<PAGE>

                      (d) Notwithstanding any other provision of this Agreement,
all deliveries made to an Indemnified  Party or Vitel under this Agreement shall
be made to the primary  address for notices for that Person set forth in Section
12 hereof,  unless the Escrow Agent receives other written delivery instructions
from such Person.

                      (e) All  deliveries to any Person under this  Agreement of
Escrow Shares shall be effected by transfers from the Escrow Agent of registered
ownership  of the  required  number of Escrow  Shares  using  stock  powers  and
physical delivery and reissuance of certificates  representing the Escrow Shares
to be delivered by the Escrow Agent with the  assistance  of the transfer  agent
and registrar for the Parent Common  Stock.  Parent shall  cooperate,  and shall
instruct its transfer  agent and registrar to  cooperate,  in any efforts by the
Escrow  Agent to effect a  delivery  of Escrow  Shares  through  a  transfer  of
registration  of  certificates  representing  such Escrow Shares in favor of any
Person.

                      (f) This Agreement  shall terminate when the entire Escrow
Account has been delivered in accordance with this Section 7.

           8.  Conditions to Escrow.  The Escrow Agent agrees to hold the Escrow
Account  and to  perform in  accordance  with the terms and  provisions  of this
Agreement.  The parties  hereto  agree that the Escrow Agent does not assume any
responsibility  for the  failure  of any of the  parties  hereto to  perform  in
accordance with the Merger  Agreement or this  Agreement.  The acceptance by the
Escrow Agent of its responsibilities hereunder is subject to the following terms
and  conditions,  which the parties  hereto  agree shall govern and control with
respect to the Escrow Agent's rights, duties, liabilities and immunities:

                      (a) The Escrow Agent shall be protected in acting upon any
written notice, consent, receipt or other paper or document furnished to it, not
only as to its due execution and validity and  effectiveness  of its provisions,
but also as to the truth and  accuracy  of any  information  therein  contained,
which the Escrow Agent in good faith believes to be genuine and what it purports
to be. Should it be necessary for the Escrow Agent to act upon any instructions,
directions,  documents  or  instruments  issued or signed by or on behalf of any
corporation,  fiduciary, or individual acting on behalf of another party hereto,
it  shall  not  be  necessary   for  the  Escrow  Agent  to  inquire  into  such
corporation's,  fiduciary's or individual's authority.  The Escrow Agent is also
relieved  from the  necessity of  satisfying  itself as to the  authority of the
persons executing this Agreement in a representative capacity.

                      (b) The Escrow  Agent shall not be liable for any error of
judgment  or for any act done or step taken or omitted by it in good  faith,  or
for any mistake of fact or law, or for anything  which it may do or refrain from
doing in connection herewith, except for its own gross negligence,  recklessness
or willful misconduct.

                      (c) The Escrow Agent may consult  with,  and obtain advice
from,  legal  counsel in the event of any  question as to any of the  provisions
hereof or the duties  hereunder,  and it shall incur no  liability  and shall be
fully  protected  in acting in good faith in  accordance  with the  opinion  and
instructions of such counsel.  The reasonable  costs of such counsel's  services
shall be paid to the Escrow Agent in accordance with Section 11 below.

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<PAGE>

                      (d) The Escrow  Agent  shall have no duties  except  those
which are  expressly  set forth  herein  and it shall not be bound by the Merger
Agreement or any  agreement of the other parties  hereto  (whether or not it has
any  knowledge  thereof)  or by any notice of a claim,  or demand  with  respect
thereto, or any waiver,  modification,  amendment,  termination or rescission of
this Agreement,  until received by an officer in its Corporate Trust  Department
in writing.

                      (e) The Escrow  Agent  reserves the right to resign at any
time by giving thirty (30) days written  notice of  resignation,  specifying the
effective  date thereof.  Within thirty (30) days after  receiving the aforesaid
notice,  the parties to this  Agreement,  other than the Escrow Agent,  agree to
appoint a successor  Escrow Agent to which the Escrow Agent may  distribute  the
property then held hereunder,  less the Escrow Agent's fees, costs and expenses.
If a successor  Escrow Agent has not been  appointed  and has not accepted  such
appointment  by the end of the 30-day  period,  the Escrow  Agent may apply to a
court of competent jurisdiction for the appointment of a successor Escrow Agent,
and the costs,  expenses and  reasonable  attorneys'  fees which are incurred in
connection  with  such a  proceeding  shall  be  paid  by the  parties  to  this
Agreement.

                      (f) Upon delivery of all of the Escrow Account pursuant to
the terms of Section 6 or 7 above or to a  successor  escrow  agent,  the Escrow
Agent shall thereafter be discharged from any further obligations hereunder. The
Escrow  Agent is hereby  authorized,  in any and all events,  to comply with and
obey any and all final  judgments,  orders and decrees of any court of competent
jurisdiction  which may be filed,  entered or issued,  and all final arbitration
awards and,  if it shall so comply or obey,  it shall not be liable to any other
person by reason of such compliance or obedience.

                      (g) In  the  event  that  any  escrow  property  shall  be
attached,  garnished, or levied upon by any court order, or the delivery thereof
shall be stayed or  enjoined by an order of a court,  or any order,  judgment or
decree  shall be made or  entered  by any court  order  affecting  the  property
deposited under this Agreement,  or any part thereof, the Escrow Agent is hereby
expressly authorized, in its sole discretion, to obey and comply with all writs,
orders or decrees so entered or issued,  which it is advised by legal counsel of
its own choosing is binding upon it, whether with or without  jurisdiction,  and
in the event that the Escrow Agent obeys or complies with any such writ,  order,
judgment or decree,  it shall not be liable to any of the  parties  hereto or to
any  other  person,   firm  or   corporation,   by  reason  of  such  compliance
notwithstanding  that such  writ,  order,  judgment  or  decree is  subsequently
reversed, modified, annulled, set aside or vacated.

                      (h) If the Escrow Agent becomes  involved in litigation on
account of this  Agreement,  it shall have the right to retain counsel and shall
have a first lien on the  property  deposited  hereunder  for any and all costs,
attorneys' fees,  charges,  disbursements,  and expenses in connection with such
litigation;  and shall be  entitled  to  reimburse  itself  therefor  out of the
property deposited hereunder, and if it shall be unable to reimburse itself from
the property deposited hereunder,  both parties agree to pay to the Escrow Agent
on demand its reasonable charges, counsel and attorneys' fees, disbursements and

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<PAGE>

expenses in connection  with such  litigation  in  accordance  with the terms of
Section 11 below. Notwithstanding the foregoing sentence, the Escrow Agent shall
not be entitled to take from the property deposited hereunder nor be entitled to
receive moneys from the parties in the event such litigation  finally determines
that the  Escrow  Agent  acted with gross  negligence,  recklessness  or willful
misconduct.

                      (i) In the event that  conflicting  demands  are made upon
the Escrow Agent for any situation not addressed in this  Agreement,  the Escrow
Agent may withhold performance of the terms of this Agreement until such time as
said  conflicting  demands  shall  have  been  withdrawn  or the  rights  of the
respective parties shall have been settled by court  adjudication,  arbitration,
joint order or otherwise.

                      (j) Any  corporation or association  into which the Escrow
Agent may be converted or merged,  or with which it may be  consolidated,  or to
which it may sell or transfer its corporate trust business and assets as a whole
or  substantially  as a whole, or any corporation or association  resulting from
any such conversion,  sale,  merger,  consolidation or transfer to which it is a
party,  shall be and become the successor Escrow Agent hereunder and vested with
all of the title to the whole  property  or trust  estate and all of the trusts,
powers,  immunities,  privileges,  protections  and all other matters as was its
predecessor,  without the  execution or filing of any  instrument or any further
act,  deed or  conveyance  on the part of any of the  parties  hereto,  anything
herein to the contrary notwithstanding.

           9. Indemnification. Stockholders, Parent and the Company, jointly and
severally,  hereby  agree  to  indemnify  the  Escrow  Agent  for and to hold it
harmless  against  any  loss,   liability  or  expense  incurred  without  gross
negligence,  recklessness or willful  misconduct on the part of the Escrow Agent
arising out of or in connection with its performance  under this Agreement.  The
indemnification provided for under this Section 9 shall be allocated and paid in
the same manner as fees,  costs and  expenses  under  Section 11 below and shall
survive the  termination of this Agreement and the resignation or removal of the
Escrow Agent.

           10.  Banking  Days. If any date on which the Escrow Agent is required
to make a delivery  pursuant to the provisions  hereof is not a day on which the
Escrow  Agent is open for  business,  then the  Escrow  Agent  shall  make  such
delivery on the next succeeding business day.

           11. Escrow Costs.  Parent and Stockholders shall each pay one-half of
the reasonable fees and expenses (including  reasonable  attorneys' fees) of the
Escrow  Agent for the  services to be rendered by the Escrow  Agent  pursuant to
this Agreement.  The Escrow Agent may deduct the fees and expenses  allocated to
each of the parties  hereto from any cash  amounts to be paid to such party from
the  Escrow  Account.  The  Escrow  Agent  agrees  to serve as  Escrow  Agent in
accordance with the fee schedule attached as Exhibit B hereto.  The Escrow Agent
shall have,  and is hereby  granted,  a prior lien upon any  property,  cash, or
assets of the Escrow  Account,  with respect to its unpaid  fees,  nonreimbursed
expenses and unsatisfied  indemnification  rights,  superior to the interests of
any other persons or entities.  The Escrow Agent shall be entitled and is hereby
granted the right to set off and deduct any unpaid fees,  nonreimbursed expenses
and/or unsatisfied indemnification rights from property on deposit in the Escrow
Account.

                                       8
<PAGE>

           12. Notices. All notices, instructions,  demands, consents, approvals
and other  communications  to be given or  delivered  under or by reasons of the
provisions  of this  Agreement  shall be in writing  and shall be deemed to have
been given when  personally  delivered  or received by  certified  mail,  return
receipt   requested,   or  guaranteed   overnight   courier  service.   Notices,
instructions,  demands,  consents,  approvals  and other  communications  to the
parties will be sent to the addresses indicated below:

           Notices to the Stockholders:

                           Vitel Ventures
                           Mark Tompkins
                           802 Grand Pavilion, 1st Floor
                           P.O. Box 30543 SMB
                           Grand Cayman
                           Cayman Islands, BWI

           With a copy to:

                           Gottbetter & Partners
                           488 Madison Avenue, 12th Floor
                           New York, New York  10022
                           Attention: Adam S. Gottbetter, Esq.

           Notices to Company:

                           Dyadic International, Inc.
                           140 Intracoastal Pointe Dr., Suite 404
                           Jupiter, Florida  33477-5094
                           Attention: Mr. Mark Emalfarb, CEO

           With a copy to:

                           Jenkens & Gilchrist, P.C.
                           225 West Washington, Suite 2600
                           Chicago, Illinois  60606
                           Attention: Robert I. Schwimmer, Esq.

           Notice to Parent:

                           (prior to completion of the Merger)
                           CCP Worldwide, Inc.
                           6040A Six Forks Road, Suite 179
                           Raleigh, North Carolina  27609

                                       9
<PAGE>

                           (after completion of the Merger)
                           Dyadic International, Inc.
                           140 Intracoastal Pointe Dr., Suite 404
                           Jupiter, Florida  33477-5094
                           Attention: Mr. Mark Emalfarb, CEO

           With a copy to:

                           (prior to the completion of the Merger)
                           Gottbetter & Partners
                           488 Madison Avenue, 12th Floor
                           New York, New York  10022
                           Attention: Adam S. Gottbetter, Esq.

                           (after completion of the Merger)
                           Jenkens & Gilchrist, P.C.
                           225 West Washington, Suite 2600
                           Chicago, Illinois  60606
                           Attention: Robert I. Schwimmer, Esq.

           Notices to Escrow Agent:

                           Jenkens & Gilcrhist
                           225 West Washington, Suite 2600
                           Chicago, Illinois 60606
                           Attention: Robert I. Schwimmer, Esq.

Each of the parties  may, by notice given as  aforesaid,  change its address for
all subsequent notices.

           13. Reports of Escrow Agent.  On or before the tenth (10th)  business
day  following  each March 31, June 30,  September 30 and December 31 during the
term hereof,  the Escrow Agent shall  deliver  account  statements to Parent and
Stockholders  with respect to the Escrow  Account for the prior fiscal  quarter,
which  statements  shall include such information as the number of Escrow Shares
held by the Escrow  Agent,  any Open  Claims and Claim  Reserves  and any Escrow
Shares delivered during the fiscal quarter.

           14. Entire Agreement;  Amendment.  This Agreement contains the entire
understanding   of  the  parties   hereto  with  respect  to  the   transactions
contemplated hereby, and this Agreement may be amended,  modified,  supplemented
or altered  only by a writing duly  executed by the Escrow  Agent,  Parent,  the
Company and Stockholders.

           15. Assigns and  Assignment.  This  Agreement  shall extend to, shall
insure to the benefit of and shall be binding upon all of the parties hereto and
upon all of their respective  successors and permitted  assigns.  This Agreement
shall not,  however,  be  assignable  or  transferable,  in whole or in part, by
Stockholders,  except  upon the express  prior  written  consent of Parent,  the
Company  and the Escrow  Agent.  No  assignment  of the  interest  of any of the
parties  hereto shall be binding on the Escrow  Agent  unless and until  written
evidence of assignment in form  satisfactory  to the Escrow Agent shall be filed
with and accepted by the Escrow Agent.

                                       10
<PAGE>

           16.  Taxation of Interest  Earned on  Investment  of Escrow  Account.
Vitel hereby  acknowledges that, for federal and state income tax purposes,  any
dividends  received on the Escrow Shares shall be income of Vitel  reportable on
its individual tax returns whether or not the dividends were  distributed by the
Escrow Agent during any  particular  year.  Vitel shall provide the Escrow Agent
with a Form W-9 or W-8, as  applicable.  The Escrow  Agent  shall  report to the
Internal  Revenue  Service all dividends  received on the Escrow Shares  against
Vitel,  as and to the extent  required by law.  Any tax  returns  required to be
prepared and filed will be prepared and filed by Vitel with the Internal Revenue
Service,  and Escrow  Agent  shall have no  responsibility  for the  preparation
and/or  filing of any tax return with respect to any  dividends  received on the
Escrow Shares.  Any taxes payable with respect to any dividends  received on the
Escrow  Shares  shall be paid by  Vitel,  and the  Escrow  Agent  shall  have no
obligation to pay any taxes or estimated taxes.

           17.  Interpretation.  The headings in this Agreement are inserted for
convenience  of  reference  only and shall not be a part of or control or affect
the  meaning  hereof.  As used  herein,  a  reference  to "he" or  "his" or like
masculine  form shall be deemed to also be a reference to the relevant  feminine
and  indefinite  forms.  As used  herein,  a  "Person"  shall be  deemed to be a
reference   to   an   individual,   partnership,   corporation,   unincorporated
association, trust, governmental agency (or division thereof) or any other legal
entity.

           18. No Waiver.  Except as otherwise set forth in this  Agreement,  no
failure or delay by a party hereto in exercising  any right,  power or privilege
hereunder shall operate as a waiver thereof,  and no single or partial  exercise
thereof  shall  preclude  any right of further  exercise or the  exercise of any
other right, power or privilege.

           19.  Severability.  The parties agree that (a) the provisions of this
Agreement  shall be  severable in the event that for any reason  whatsoever  the
provisions  hereof  were  invalid,  void or  otherwise  unenforceable,  (b) such
invalid,  void or  otherwise  unenforceable  provisions  shall be  automatically
replaced by other  provisions  which are as similar as possible in terms to such
invalid,  void  or  otherwise   unenforceable   provisions  but  are  valid  and
enforceable  and (c) the remaining  provisions  shall remain  enforceable to the
fullest extent permitted by law.

           20.  Governing Law. This Agreement shall be governed by and construed
in  accordance  with the domestic laws of the State of Delaware  without  giving
effect to any choice of law or conflict of law  provision  (whether of the State
of Delaware or any other  jurisdiction)  that would cause the application of the
laws of any jurisdiction other than the State of Delaware.

           21.  Counterparts.  This  Agreement  may be  executed  by the parties
hereto, in two or more counterparts,  each of which shall be an original and all
of which shall together constitute one and the same agreement.

                                    * * * * *

                                       11
<PAGE>

           IN WITNESS  WHEREOF,  the parties hereto have executed this Agreement
on the date first written above.

                                                CCP WORLDWIDE, INC.,
                                                a Delaware corporation

                                                By: /s/ David R. Allison
                                                   -----------------------------
                                                Name: David R. Allison
                                                Its: President & CEO

                                                DYADIC INTERNATIONAL, INC.,
                                                a Florida corporation

                                                By: /s/ Mark Emalfarb
                                                   -----------------------------
                                                Name: Mark Emalfarb
                                                Its: President

                                                /s/ Mark Tompkins
                                                --------------------------------
                                                Mark Tompkins

                                                VITEL VENTURES

                                                By: /s/ Mark Tompkins
                                                   -----------------------------
                                                Name:
                                                Its:

                                                Jenkens & Gilchrist,
                                                a Professional Corporation

                                                By: /s/ Robert I. Schwimmer
                                                   -----------------------------
                                                Name: Robert I. Schwimmer
                                                Its: President

<PAGE>

                                    Exhibit B

                            ESCROW AGENT FEE SCHEDULE

Acceptance Fee:                  $          0.00

Annual Fee:                      $          None while  Jenkens &  Gilchrist,  a
                                            Professional Corporation, is serving
                                            as Escrow Agent

The Acceptance Fee and the Annual Fee are billed in advance and payable prior to
that year's service. These fees cover a full year, or any part thereof, and thus
are not prorated in the year of termination.

Any out-of-pocket  expenses,  or extraordinary fees or expenses such as attorney
fees or  messenger  costs,  are  additional  and are not  included  in the above
schedule.FORM OF SUBSCRIPTION AGREEMENT

                             SUBSCRIPTION AGREEMENT

      SUBSCRIPTION AGREEMENT  ("Subscription  Agreement") made as of this __ day
of  __________________,  2004,  by and among CCP  Worldwide,  Inc.,  a  Delaware
corporation (the "Company"),  Dyadic International,  Inc., a Florida corporation
and upon the Closing Date (as defined  below) a wholly owned  subsidiary  of the
Company ("Dyadic") and the undersigned (the "Subscriber").

      WHEREAS,  the  Company and Dyadic are  parties to a certain  Agreement  of
Merger and Plan of  Reorganization  dated as of September  28, 2004 (the "Merger
Agreement"), pursuant to which a newly organized, wholly owned subsidiary of the
Company  will merge with and into  Dyadic,  Dyadic  will  become a wholly  owned
subsidiary  of the Company,  and the existing  Dyadic  stockholders  will obtain
majority ownership and control of the Company (the "Merger").  Immediately after
the effective time of the Merger (the "Closing  Date"),  the Company will change
its name to Dyadic  International,  Inc. and will assume,  through  Dyadic,  its
business and operations.

      WHEREAS,  to facilitate  the Merger,  and as a condition to the closing of
the Merger,  the Company  intends to issue, in a private  placement  transaction
(the "Offering")  pursuant to Regulation D promulgated  under the Securities Act
of 1933, as amended (the "Act"),  its Units (the "Units")  consisting of (i) one
(1) share of the  Company's  common stock,  par value $0.001 per share  ("Common
Stock"), and (ii) one (1) five (5) year callable warrant for every two (2) Units
purchased  hereunder,  each warrant to purchase  one (1) share of the  Company's
Common Stock at an initial exercise price of $5.50 per share (the "Warrants" and
the Common  Stock  issuable  upon the  exercise  of the  Warrants  the  "Warrant
Shares"), on the terms and conditions  hereinafter set forth, and the Subscriber
desires to acquire that number of Units set forth on the signature page hereof.

      NOW,  THEREFORE,  for and in  consideration of the premises and the mutual
covenants hereinafter set forth, the parties hereto do hereby agree as follows:

      1. Subscription Procedure

      1.1  Subject  to the terms  and  conditions  hereinafter  set  forth,  the
Subscriber  hereby  subscribes  for and agrees to purchase from the Company such
number of Units as is set forth  upon the  signature  page  hereof at a price of
$3.33 per Unit (the "Purchase Price").  The Company agrees to sell such Units to
the Subscriber for the Purchase Price.

                                       1
<PAGE>

      1.2 The  subscription  period  will  begin as of  October 1, 2004 and will
terminate  (if the  Closing  Date  has not  earlier  occurred)  at 5 PM  Eastern
Standard Time on November 5, 2004,  unless  extended by the Company,  Dyadic and
the  Placement  Agents (as defined  below) for up to an  additional 90 days (the
"Termination Date"). The Units will be offered on a "best efforts" basis as more
particularly  set forth in the Confidential  Offering  Memorandum dated October,
2004 and any supplements thereto (the "Offering Memorandum"). The minimum dollar
amount of Units that may be purchased by the Subscriber is $25,000 unless Dyadic
and the Company  waive the  requirement.  The  consummation  of the  Offering is
subject to the satisfaction of a number of conditions,  as further  described in
the Offering Memorandum, one or more of which conditions may not occur.

      1.3  Placement  of Units  will be made by  [redacted  names  of  Placement
Agents]  (collectively,  the  "Placement  Agents"),  which will receive  certain
compensation  therefor as provided in that certain Engagement  Agreement,  dated
June 15 2004,  between the  Placement  Agents and Dyadic and which is more fully
described in the Offering Memorandum.

      1.4 The  Purchase  Price  will be placed in escrow  pursuant  to an escrow
agreement by and among the Placement Agents,  the Company,  and McGuireWoods LLP
as escrow agent (the "Escrow  Agreement")  and shall be paid over to the Company
at the closing of the purchase of the Units in the Offering  (the  "Closing") to
occur on the Closing Date.

      1.5 The  certificates  for the Common Stock together with the accompanying
Warrants  bearing the name of the Subscriber will be delivered by the Company no
later than fifteen (15) days following the Closing Date.  The Subscriber  hereby
authorizes  and directs the  Company to deliver the  securities  to be issued to
such Subscriber  pursuant to this  Subscription  Agreement to the residential or
business address indicated in the Investor Questionnaire.

      1.6 The Purchase Price for the Units purchased  hereunder shall be paid by
certified  check,  payable to  McGuireWoods  LLP,  as escrow  agent,  or by wire
transfer to McGuireWoods LLP pursuant to the following instructions:

                  BANK OF AMERICA - Jacksonville, FL
                  ABA:  026009593 (Domestic Wires)
                  Swift Code:  BOFAUS3N (International Wires)
                  Credit:  McGuireWoods LLP IOLTA Account
                  Account Number:  [redacted account number]
                  Reference:  (Louis W. Zehil / 2041649-0002)
                  [redacted name of Placement Agent]-Dyadic Subscription Escrow

      1.7 The  Company  and Dyadic  may,  in their sole  discretion,  reject any
subscription,  in whole or in part, or terminate or withdraw the Offering in its
entirety at any time prior to a closing in relation thereto. Neither the Company
nor any Placement  Agent shall be required to allocate among  investors on a pro
rata basis in the event of an over-subscription.

      2. Representations and Covenants of Subscriber

      2.1 The Subscriber  recognizes  that the purchase of Units involves a high
degree of risk in that (i) the Company will need  additional  capital but has no
assurance of additional necessary capital;  (ii) an investment in the Company is
highly  speculative  and only  investors who can afford the loss of their entire
investment  should  consider  investing  in the Company and the Units;  (iii) an
investor may not be able to liquidate his investment;  (iv)  transferability  of
the securities  comprising the Units is extremely  limited;  and (v) an investor
could sustain the loss of his entire investment,  as well as other risk factors,
as more fully set forth herein and in the Offering Memorandum.

                                       2
<PAGE>

      2.2 The Subscriber  represents that he is an "accredited investor" as such
term is  defined  in Rule 501 of  Regulation  D  promulgated  under the Act,  as
indicated by his responses to the Investor  Questionnaire,  the form of which is
attached  hereto as  Exhibit  A, and that he or it is able to bear the  economic
risk of an investment in the Units.  The  Subscriber  must complete the Investor
Questionnaire  to enable  the  Company  and  Dyadic to access  the  Subscriber's
eligibility for the Offering.

      2.3 The Subscriber  acknowledges that he has prior investment  experience,
including  investment in non-listed  and  non-registered  securities,  or he has
employed the services of an investment  advisor,  attorney or accountant to read
all of the documents  furnished or made  available by the Company or Dyadic both
to him and to all other  prospective  investors in the Units and to evaluate the
merits and risks of such an investment on his behalf, and that he recognizes the
highly speculative nature of this investment.

      2.4 The Subscriber acknowledges receipt and careful review of the Offering
Memorandum,  this Subscription Agreement,  the Common Stock Purchase Warrant and
the attachments hereto and thereto (collectively,  the "Offering Documents") and
hereby  represents  that he has been furnished or given access by the Company or
Dyadic during the course of this Offering with or to all  information  regarding
the Company and Dyadic and their respective  financial conditions and results of
operations  which he had requested or desired to know;  that all documents which
could be reasonably  provided have been made  available for his  inspection  and
review;  that he has been  afforded  the  opportunity  to ask  questions  of and
receive answers from duly authorized  representatives  of the Company and Dyadic
concerning  the  terms  and  conditions  of the  Offering,  and  any  additional
information which he had requested.

      2.5 The  Subscriber  acknowledges  that this Offering of Units may involve
tax consequences, and that the contents of the Offering Documents do not contain
tax advice or information.  The Subscriber  acknowledges that he must retain his
own  professional  advisors to  evaluate  the tax and other  consequences  of an
investment in the Units.

      2.6 The Subscriber  acknowledges  that this Offering of Units has not been
reviewed or approved by the United  States  Securities  and Exchange  Commission
("SEC") because the Offering is intended to be a nonpublic  offering pursuant to
Section  4(2) of the Act.  The  Subscriber  represents  that the Units are being
purchased for his own account, for investment and not for distribution or resale
to others. The Subscriber agrees that he will not sell or otherwise transfer any
of the securities  comprising the Units unless they are registered under the Act
or unless an  exemption  from  such  registration  is  available  and,  upon the
Company's  request,  the  Company  receives  an opinion  of  counsel  reasonably
satisfactory to the Company  confirming that an exemption from such registration
is available for such sale or transfer.

      2.7 The  Subscriber  understands  that the Units have not been  registered
under the Act by reason of a claimed  exemption  under the provisions of the Act
which depends, in part, upon his investment  intention.  The Subscriber realizes
that, in the view of the SEC, a purchase now with an intent to distribute  would
represent a purchase with an intent  inconsistent with his representation to the
Company,  and the SEC might  regard such a  distribution  as a deferred  sale to
which such exemption is not available.

                                       3
<PAGE>

      2.8 The  Subscriber  understands  that Rule 144 (the  "Rule")  promulgated
under the Act requires,  among other conditions, a one year holding period prior
to the resale (in  limited  amounts)  of  securities  acquired  in a  non-public
offering,  such as the  Offering,  without  having to satisfy  the  registration
requirements under the Act. The Subscriber understands that the Company makes no
representation  or  warranty  regarding  its  fulfillment  in the  future of any
reporting  requirements  under the  Securities  Exchange Act of 1934, as amended
(the  "Exchange  Act"),  or its  dissemination  to  the  public  of any  current
financial or other  information  concerning the Company,  as is required by Rule
144 as one of the conditions of its availability.  The Subscriber  consents that
the Company may, if it desires, permit the transfer of the Common Stock included
in the Units or issuable  upon the exercise of the Warrants out of his name only
when his request for transfer is accompanied by an opinion of counsel reasonably
satisfactory  to the Company  that  neither the sale nor the  proposed  transfer
results  in a  violation  of the Act or any  applicable  state  "blue  sky" laws
(collectively,  "Securities  Laws").  The Subscriber agrees to hold the Company,
Dyadic and their  respective  directors,  officers and  controlling  persons and
their respective heirs, representatives,  successors and assigns harmless and to
indemnify them against all liabilities, costs and expenses incurred by them as a
result of any misrepresentation  made by him contained herein or in the Investor
Questionnaire  or any sale or  distribution  by the  undersigned  Subscriber  in
violation of any Securities Laws.

      2.9 The Subscriber consents to the placement of one or more legends on any
certificate  or other  document  evidencing  his Units and the  Common  Stock or
Warrants  included in the Units or issuable  upon the  exercise of the  Warrants
stating that they have not been  registered  under the Act and setting  forth or
referring to the restrictions on transferability and sale thereof.

      2.10 The  Subscriber  understands  that the Company and Dyadic will review
this Subscription  Agreement and the Investor  Questionnaire and is hereby given
authority  by the  undersigned  to call  his  bank or  place  of  employment  or
otherwise  review the financial  standing of the  Subscriber;  and it is further
agreed that the Company and Dyadic reserve the  unrestricted  right to reject or
limit any subscription and to close the offer at any time.

      2.11 The  Subscriber  hereby  represents  that the  address of  Subscriber
furnished by him at the end of this  Subscription  Agreement and in the Investor
Questionnaire is the undersigned's principal residence if he is an individual or
its principal business address if it is a corporation or other entity.

      2.12 The  Subscriber  acknowledges  that if the Subscriber is a Registered
Representative of a National  Association of Securities  Dealers,  Inc. ("NASD")
member  firm,  he must give such firm the notice  required  by the NASD  Conduct
Rules, or any applicable  successor rules of the NASD,  receipt of which must be
acknowledged  by such firm on the signature page hereof.  The  Subscriber  shall
also notify the Company if the  Subscriber  or any  affiliate of Subscriber is a
registered  broker-dealer with the SEC, in which case the Subscriber  represents
that the Subscriber is purchasing  the Units in the ordinary  course of business
and, at the time of purchase of the Units, has no agreements or  understandings,
directly or  indirectly,  with any person to distribute the Units or any portion
thereof.

      2.13 The Subscriber  hereby  represents  that,  except as set forth in the
Offering  Documents,  no  representations  or  warranties  have been made to the
Subscriber  by  either  the  Company  or Dyadic or their  agents,  employees  or
affiliates and in entering into this transaction,  the Subscriber is not relying
on any information,  other than that contained in the Offering Documents and the
results of independent investigation by the Subscriber.

      2.14  The  Subscriber  agrees  that he  will  purchase  securities  in the
Offering only if his intent at such time is to make such purchase for investment
purposes and not with a view toward resale.

                                       4
<PAGE>

      2.15 If the undersigned Subscriber is a partnership, corporation, trust or
other  entity,  such  partnership,  corporation,  trust or other entity  further
represents and warrants that: (i) it was not formed for the purpose of investing
in the Company;  (ii) it is authorized  and otherwise duly qualified to purchase
and hold the Units; and (iii) that this Subscription Agreement has been duly and
validly  authorized,  executed and delivered and constitutes the legal,  binding
and enforceable obligation of the undersigned.

      2.16 If the  Subscriber is not a United  States  person,  such  Subscriber
hereby  represents that it has satisfied itself as to the full observance of the
laws of its  jurisdiction in connection with any invitation to subscribe for the
Units  or any use of  this  Subscription  Agreement,  including  (i)  the  legal
requirements  within its  jurisdiction  for the purchase of the Units,  (ii) any
foreign   exchange   restrictions   applicable  to  such  purchase,   (iii)  any
governmental or other consents that may need to be obtained, and (iv) the income
tax and other tax  consequences,  if any,  that may be relevant to the purchase,
holding,   redemption,   sale  or  transfer  of  the  Units.  Such  Subscriber's
subscription and payment for, and his or her continued  beneficial  ownership of
the Units and of the shares of Common Stock  included  therein or issuable  upon
the exercise of the  Warrants,  will not violate any  applicable  securities  or
other laws of the Subscriber's jurisdiction.

      2.17 The undersigned  hereby covenants and agrees that it will not have an
open position (e.g.,  short sale) in the Common Stock prior to the  Registration
Statement (as defined below) being declared effective by the SEC with the intent
of covering  such open  position  with  Common  Stock  being  registered  in the
Registration Statement. The undersigned hereby acknowledges and understands that
the SEC has taken the position  that such an open  position  would  constitute a
violation of Section 5 of the Act.

      2.18 The Subscriber acknowledges that (i) the Offering Memorandum contains
material,  non-public  information  concerning the Company within the meaning of
Regulation FD  promulgated by the SEC, and (ii) the Subscriber is obtaining such
material,  non-public  information solely for the purpose of considering whether
to  purchase  the Units  pursuant  to a private  placement  that is exempt  from
registration  under the Act. In accordance  with  Regulation  FD, the Subscriber
agrees to keep such information confidential and not to disclose it to any other
person or entity except the Subscriber's legal counsel, other advisors and other
representatives who have agreed (i) to keep such information confidential,  (ii)
to use such  information  only for the  purpose  set forth  above,  and (iii) to
comply with  applicable  securities  laws with respect to such  information.  In
addition, the Subscriber further acknowledges that the Subscriber and such legal
counsel, other advisors and other representatives are prohibited from trading in
the Company's securities while in possession of material, non-public information
and agrees to refrain from purchasing or selling securities of the Company until
such material,  non-public  information  has been publicly  disseminated  by the
Company.  The  Subscriber  agrees to indemnify and hold harmless the Company and
its officers, directors, employees and affiliates

                                       5
<PAGE>

and each other person,  if any, who controls any of the  foregoing,  against any
loss,  liability,  claim,  damage and  expense  whatsoever  (including,  but not
limited   to,  any  and  all   expenses   whatsoever   reasonably   incurred  in
investigating,  preparing  or  defending  against any  litigation  commenced  or
threatened  or any  claim  whatsoever)  arising  out of or based  upon any false
representation or warranty by the Subscriber,  or the Subscriber's breach of, or
failure to comply with, any covenant or agreement made by the Subscriber  herein
or in any other  document  furnished  by the  Subscriber  to the  Company or its
officers,  directors,  employees or affiliates or each other person, if any, who
controls any of the foregoing in connection with this transaction.

      2.19 The Subscriber  understands and  acknowledges  that (i) the Units are
being offered and sold to  Subscriber  without  registration  under the Act in a
private  placement  that is exempt from the  registration  provisions of the Act
under  Section  4(2) of the Act and  (ii)  the  availability  of such  exemption
depends  in part on,  and that the  Company  will  rely  upon the  accuracy  and
truthfulness  of, the  foregoing  representations,  and such  Subscriber  hereby
consents to such reliance.

      3. Representations by the Company and Dyadic

         Except as set forth in the reports filed by the Company  pursuant to
the Securities Exchange Act of 1934, as amended (the "SEC Reports"), each of the
Company  and,  as  applicable,  Dyadic  severally  represent  and warrant to the
Subscriber that:

      3.1 Organization and Authority.  The Company and Dyadic, and each of their
respective subsidiaries,  (i) is a corporation duly organized,  validly existing
and in good standing under the laws of the  jurisdiction  of its  incorporation,
(ii) has all requisite  corporate  power and authority to own, lease and operate
its  properties and to carry on its business as presently  conducted,  and (iii)
has all requisite corporate power and authority to execute,  deliver and perform
their obligations under this Subscription  Agreement and the Offering  Documents
being executed and delivered by it in connection herewith, and to consummate the
transactions contemplated hereby and thereby.

      3.2  Qualifications.  The Company and Dyadic, and each of their respective
subsidiaries,  is duly qualified to do business as a foreign  corporation and is
in good standing in all jurisdictions  where such qualification is necessary and
where  failure  so to  qualify  could  have a  material  adverse  effect  on the
business,  properties,  operations,  condition (financial or other),  results of
operations or prospects of the Company and Dyadic,  and each of their respective
subsidiaries, taken as a whole.

      3.3 Capitalization of the Company. The capitalization of the Company as of
June 30, 2004, is as described in the  Company's  Form 10-QSB for the six months
ended June 30,  2004.  The Company  has not issued any capital  stock since such
date other than  pursuant to the  conversion or exercise of  outstanding  common
stock equivalents or as contemplated by the Merger Agreement.  No person has any
right of first refusal, preemptive right, right of participation, or any similar
right to participate in the transactions contemplated by the Offering Documents.
Except as a result of the purchase and sale of the Units, as contemplated in the
Merger  Agreement or as disclosed in the SEC Reports,  there are no  outstanding
options,  warrants,  script rights to subscribe to, calls or  commitments of any
character   whatsoever  relating  to,  or  securities,   rights  or  obligations
convertible  into or  exchangeable  for,  or  giving  any  person

                                       6
<PAGE>

any right to subscribe  for or acquire  from the  Company,  any shares of Common
Stock, or contracts,  commitments,  understandings  or arrangements by which the
Company or any subsidiary is or may become bound to issue  additional  shares of
Common Stock, or securities or rights convertible or exchangeable into shares of
Common  Stock.  The issuance and sale of the Units will not obligate the Company
to issue shares of Common Stock or other  securities  to any person  (other than
the  Subscribers)  and  will not  result  in a right of any  holder  of  Company
securities  to adjust the  exercise,  conversion,  exchange or reset price under
such  securities.  The  outstanding  shares of capital stock of the Company have
been duly  authorized and validly  issued and are fully paid and  nonassessable.
None of the outstanding shares of Common Stock or options,  warrants,  or rights
or other  securities  entitling  the  holders to acquire  Common  Stock has been
issued in  violation  of the  preemptive  rights of any  security  holder of the
Company. No holder of any of the Company's securities has any rights,  "demand,"
"piggy-back" or otherwise,  to have such securities  registered by reason of the
intention to file,  filing or effectiveness  of the  Registration  Statement (as
defined below). The Common Stock and the Warrants to be issued to the Subscriber
have been duly authorized,  and when issued and paid for in accordance with this
Subscription Agreement,  the Common Stock will be duly and validly issued, fully
paid and  non-assessable,  and the Warrant Shares,  when issued upon exercise of
the Warrants in exchange for the payment in full of the exercise  price for such
Warrant Share therein specified, will be duly and validly issued, fully paid and
non-assessable.  The Common  Stock is  eligible  for  quotation  on the NASD OTC
Bulletin Board, the Company and the Common Stock meet the criteria for continued
quotation and trading on the OTC Bulletin Board, and no suspension of trading in
the Common Stock is in effect.

      3.4 Corporate  Authorization.  The Offering  Documents  have been duly and
validly  authorized  by the  Company and Dyadic.  This  Subscription  Agreement,
assuming due execution and delivery by the  Subscriber,  and the Warrants,  when
the  Subscription  Agreement  and the Warrants are executed and delivered by the
Company and Dyadic,  will be, valid and binding  obligations  of the Company and
Dyadic  enforceable in accordance  with their  respective  terms,  except as the
enforceability  hereof and  thereof  may be limited by  bankruptcy,  insolvency,
reorganization,  moratorium  or other  similar  laws now or  hereafter in effect
relating to or affecting  creditors' rights generally and general  principles of
equity,  regardless  of whether  enforcement  is  considered  in a proceeding in
equity or at law.

      3.5  Non-Contravention.   The  execution  and  delivery  of  the  Offering
Documents by the Company and Dyadic,  the issuance of the Units as  contemplated
by the Offering  Documents  and the  completion by the Company and Dyadic of the
other  transactions  contemplated by the Offering Documents do not and will not,
with or without the giving of notice or the lapse of time,  or both,  (i) result
in any violation of any provision of the articles of incorporation or by-laws or
similar  instruments of the Company or Dyadic or their respective  subsidiaries,
(ii)  conflict  with or  result in a breach  by the  Company  or Dyadic or their
respective  subsidiaries  of any of the terms or provisions  of, or constitute a
default under,  or result in the  modification  of, or result in the creation or
imposition of any lien, security interest, charge or encumbrance upon any of the
properties or assets of the Company or Dyadic or their  respective  subsidiaries
pursuant  to,  any  indenture,  mortgage,  deed of trust or other  agreement  or
instrument to which Company or Dyadic or any of their respective subsidiaries is
a party or by which Company or Dyadic or any of their respective subsidiaries or
any of their respective  properties or assets are bound or affected, in any such
case which would have a material  adverse  effect on the  business,  properties,

                                       7
<PAGE>

operations,  condition (financial or other),  results of operations or prospects
of the Company and Dyadic and their respective  subsidiaries,  taken as a whole,
or the validity or enforceability of, or the ability of the Company or Dyadic to
perform  their  obligations  under,  the Offering  Documents,  (iii)  violate or
contravene  any  applicable  law, rule or regulation or any  applicable  decree,
judgment or order of any court,  United States federal or state regulatory body,
administrative  agency or other  governmental body having  jurisdiction over the
Company  or  Dyadic  or any of  their  respective  subsidiaries  or any of their
respective  properties or assets which would have a material  adverse  effect on
the business, properties, operations, condition (financial or other), results of
operations  or  prospects  of  the  Company  and  Dyadic  and  their  respective
subsidiaries,  taken as a whole,  or the validity or  enforceability  of, or the
ability of the Company or Dyadic to perform its obligations  under, the Offering
Documents,   or  (iv)  have  any   material   adverse   effect  on  any  permit,
certification,  registration,  approval, consent, license or franchise necessary
for the Company or Dyadic or their  respective  subsidiaries to own or lease and
operate any of its  properties and to conduct any of its business or the ability
of the  Company or Dyadic or any of their  respective  subsidiaries  to make use
thereof.

      3.6 Information  Provided.  The Company hereby  represents and warrants to
the  Subscriber  that the  Offering  Memorandum,  the SEC  Reports and any other
information  provided  by or on  behalf  of the  Company  to the  Subscriber  in
connection with the transactions  contemplated by this  Subscription  Agreement,
does not contain any untrue  statement  of a material  fact or omit to state any
material fact necessary in order to make the statements therein, in the light of
the circumstances under which they are made, not misleading, it being understood
that  for  purposes  of  this  Section  3.6,  any  statement  contained  in such
information  shall be deemed to be modified or  superseded  for purposes of this
Section  3.6 to the extent  that a statement  in any  document  included in such
information  which was prepared and furnished to the  Subscriber on a later date
or filed with the SEC on a later  date  modifies  or  replaces  such  statement,
whether or not such later  prepared and furnished or filed  statement so states.
Dyadic  hereby  represents  and  warrants to the  Subscriber  that the  Offering
Memorandum and any other  information  provided by or on behalf of Dyadic to the
Subscriber in connection with the transactions contemplated by this Subscription
Agreement,  does not contain any untrue  statement of a material fact or omit to
state any material fact  necessary in order to make the statements  therein,  in
the light of the circumstances under which they are made, not misleading.

      3.7  Absence  of  Certain  Proceedings.  Except  as  disclosed  in the SEC
Reports, there is no action, suit,  proceeding,  inquiry or investigation before
or by any court, public board or body, or governmental agency pending or, to the
knowledge of the Company or Dyadic,  threatened against or affecting the Company
or Dyadic or any of their respective  subsidiaries,  in any such case wherein an
unfavorable decision,  ruling or finding would have a material adverse effect on
the business, properties, operations, condition (financial or other), results of
operations  or  prospects  of  the  Company  or  Dyadic,   or  the  transactions
contemplated  by the  Offering  Documents  or which could  adversely  affect the
validity or  enforceability  of, or the  authority  or ability of the Company or
Dyadic to perform its obligations under, the Offering Documents; and to the best
of the Company's  and Dyadic's  knowledge  there is not pending or  contemplated
any, and there has been no,  investigation  by the SEC  involving the Company or
Dyadic or any of their current or former directors or officers.

                                       8
<PAGE>

      3.8 Compliance  with Law.  Neither the Company nor Dyadic nor any of their
respective  subsidiaries  is in  violation  of or has any  liability  under  any
statute, law, rule, regulation, ordinance, decision or order of any governmental
agency or body or any court, domestic or foreign, except where such violation or
liability  would not  individually  or in the aggregate have a material  adverse
effect on the business, properties,  operations, condition (financial or other),
results of operations or prospects of the Company and its subsidiaries, taken as
a whole;  and to the  knowledge  of the Company  and Dyadic  there is no pending
investigation which would reasonably be expected to lead to such a claim.

      3.9 Tax  Matters.  The  Company  and Dyadic  and each of their  respective
subsidiaries  has filed all federal,  state and local income and  franchise  tax
returns  required to be filed and has paid all taxes shown by such returns to be
due,  and no tax  deficiency  has been  determined  adversely  to the Company or
Dyadic  or any of their  respective  subsidiaries  which  has had (nor  does the
Company or Dyadic or any of their respective  subsidiaries have any knowledge of
any tax deficiency  which,  if determined  adversely to the Company or Dyadic or
any of their respective  subsidiaries,  might have) a material adverse effect on
the business, properties, operations, condition (financial or other), results of
operations,  or  prospects  of the Company or Dyadic or any of their  respective
subsidiaries and its subsidiaries, taken as a whole.

      4. Registration Rights

      4.1  Registration  Requirement.  The  Company  shall  file a  registration
statement on Form SB-2 or other appropriate  registration document under the Act
(the  "Registration  Statement")  for resale of the Common Stock and the Warrant
Shares (the "Registrable  Securities") and shall use its reasonable best efforts
to maintain the Registration Statement effective,  at the Company's expense, for
a period expiring on the later to occur of (i) twenty-four  (24) months after it
is declared  effective  by the SEC and (ii)  twelve  (12) months  after the full
exercise  or   expiration  of  the  Warrants   held  by  the   Subscriber   (the
"Effectiveness  Period").  The Company shall file such Registration Statement no
later than sixty (60) days after the Closing Date, and shall use reasonable best
efforts to cause such  Registration  Statement  to become  effective  within one
hundred and fifty (150) days after the Closing Date.  Failure to file timely the
Registration  Statement  or  obtain  its  effectiveness  within  150 days of the
Closing Date shall  require the Company to make a cash  payment,  as  liquidated
damages, to the Subscriber of 0.0333% of the Purchase Price of the Units sold to
the Subscriber under this  Subscription  Agreement for each day of such failure.
Prior to the date the Registration Statement is declared effective,  the Company
shall not file with the SEC any other new registration  statement under the Act,
other than a Form S-8 registration statement,  with respect to any securities of
the Company.

      4.2 Limitation to Registration Requirement. Notwithstanding the foregoing,
the Company  shall not be obligated to take any action  pursuant to this Section
in any particular jurisdiction in which the Company would be required to execute
a general  consent  to  service  of  process  in  effecting  such  registration,
qualification or compliance  unless the Company is already subject to service in
such jurisdiction and except as may be required by the Act.

                                       9
<PAGE>

      4.3 Expenses of Registration. Except as otherwise expressly set forth, the
Company shall bear all expenses  incurred by the Company in compliance  with the
registration  obligation  of the Company,  including,  without  limitation,  all
registration  and filing fees,  printing  expenses,  fees and  disbursements  of
counsel  for  the  Company   incurred  in  connection  with  any   registration,
qualification  or  compliance  pursuant to this  Subscription  Agreement and all
underwriting discounts, selling commissions and expense allowances applicable to
the  sale  of  any  securities  by  the  Company  for  its  own  account  in any
registration.  All  underwriting  discounts,  selling  commissions  and  expense
allowances  applicable to the sale by Subscriber of  Registrable  Securities and
all fees and  disbursements  of counsel for the Subscriber shall be borne by the
Subscriber.

      4.4 Indemnification.

            (a) To the extent  permitted by law the Company will  indemnify each
Subscriber, each of its officers, directors, agents, employees and partners, and
each person  controlling  such  Subscriber,  with respect to each  registration,
qualification  or  compliance  effected  pursuant  to this  Agreement,  and each
underwriter,  if any, and each person who controls  any  underwriter,  and their
respective  counsel  against all claims,  losses,  damages and  liabilities  (or
actions,  proceedings or settlements in respect thereof) arising out of or based
on any untrue  statement  (or  alleged  untrue  statement)  of a  material  fact
contained in any prospectus, offering circular or other document prepared by the
Company (including any related registration statement, notification or the like)
incident to any such registration,  qualification or compliance, or based on any
omission (or alleged  omission) to state  therein a material fact required to be
stated therein or necessary to make the statements  therein not  misleading,  or
any  violation  by the Company of the Act or any rule or  regulation  thereunder
applicable  to the  Company and  relating to action or inaction  required of the
Company in connection with any such  registration,  qualification or compliance,
and will  reimburse  each  such  Subscriber,  each of its  officers,  directors,
agents,  employees and partners,  and each person  controlling  such Subscriber,
each such underwriter and each person who controls any such underwriter, for any
legal and any other expenses as they are reasonably  incurred in connection with
investigating and defending any such claim, loss,  damage,  liability or action,
provided that the Company will not be liable in any such case to the extent that
any such claim, loss, damage,  liability or expense arises out of or is based on
any untrue  statement  (or alleged  untrue  statement)  or omission  (or alleged
omissions)  based upon  written  information  furnished  to the  Company by such
Subscriber or  underwriter;  provided,  however,  that the  indemnity  agreement
contained in this  subsection  shall not apply to amounts paid in  settlement of
any such loss, claim, damage, liability or action if such settlement is effected
without the  consent of the Company  (which  consent  shall not be  unreasonably
withheld),  nor shall the  Company be liable in any such case for any such loss,
claim,  damage,  liability  or action to the extent  that it arises out of or is
based upon a violation  which  occurs in reliance  upon and in  conformity  with
written  information  furnished  expressly  for  use  in  connection  with  such
registration by such Subscriber,  partner, officer,  director,  employee, agent,
underwriter or controlling person of such Subscriber,  provided,  however,  that
the obligations of the Company  hereunder shall be limited to an amount equal to
the portion of net proceeds  represented by the Registrable  Securities pursuant
to this Subscription Agreement.

                                       10
<PAGE>

            (b)  To  the  extent   permitted  by  law,  each  Subscriber   whose
Registrable  Securities  are  included  in any  registration,  qualification  or
compliance  effected pursuant to this Subscription  Agreement will indemnify the
Company, and its directors, officers, agents, employees and each underwriter, if
any, of the Company's securities covered by such a registration statement,  each
person who  controls the Company or such  underwriter  within the meaning of the
Act and the rules and  regulations  thereunder,  each other such  Subscriber and
each of their  officers,  directors,  partners,  agents and employees,  and each
person  controlling  such Subscriber,  and their respective  counsel against all
claims,  losses, damages and liabilities (or actions in respect thereof) arising
out of or based on any untrue  statement  (or  alleged  untrue  statement)  of a
material fact contained in any such registration statement, prospectus, offering
circular or other  document,  or any  omission  (or alleged  omission)  to state
therein a material fact  required to be stated  therein or necessary to make the
statements  therein  not  misleading,  and will  reimburse  the Company and such
Subscribers,  directors,  officers,  partners, persons,  underwriters or control
persons for any legal or any other expenses as they are  reasonably  incurred in
connection  with  investigating  or  defending  any such  claim,  loss,  damage,
liability or action,  in each case to the extent,  but only to the extent,  that
such untrue  statement  (or alleged  untrue  statement)  or omission (or alleged
omission) is made in such registration statement,  prospectus, offering circular
or other  document in reliance upon and in conformity  with written  information
furnished  to the  Company  by such  Subscriber;  provided,  however,  that  the
obligations of any Subscriber  hereunder  shall be limited to an amount equal to
the net proceeds to such Subscriber from Registrable  Securities sold under such
registration  statement,  prospectus,  offering  circular  or other  document as
contemplated herein;  provided,  further, that the indemnity agreement contained
in this  subsection  shall not apply to amounts paid in  settlement  of any such
loss, claim, damage,  liability or action if such settlement is effected without
the consent of the Subscriber,  which consent shall not be unreasonably withheld
or delayed.

            (c) Each party entitled to  indemnification  under this Section (the
"Indemnified  Party")  shall  give  notice  to the  party  required  to  provide
indemnification (the "Indemnifying Party") promptly after such Indemnified Party
has actual knowledge of any claim as to which indemnity may be sought, and shall
permit the  Indemnifying  Party to assume  the  defense of any such claim or any
litigation  resulting  therefrom,  provided  that  counsel for the  Indemnifying
Party,  who shall conduct the defense of such claim or any litigation  resulting
therefrom,  shall be approved by the Indemnified Party (whose approval shall not
unreasonably  be withheld),  and the  Indemnified  Party may participate in such
defense at such party's  expense;  and provided  further that if any Indemnified
Party  reasonably  concludes  that  there  may  be one or  more  legal  defenses
available to it that are not available to the  Indemnifying  Party, or that such
claim or litigation involves or could have an effect on matters beyond the scope
of this Agreement,  then the Indemnified Party may retain its own counsel at the
expense of the Indemnifying  Party; and provided further that the failure of any
Indemnified  Party to give  notice as  provided  herein  shall not  relieve  the
Indemnifying  Party of its obligations  under this Agreement  unless and only to
the extent that such failure to give notice results in material prejudice to the
Indemnifying  Party. No Indemnifying  Party, in the defense of any such claim or
litigation, shall, except with the consent of each Indemnified Party, consent to
entry of any judgment or enter into any settlement  which does not include as an
unconditional  term  thereof  the giving by the  claimant or  plaintiff  to such
Indemnified  Party of a release  from all  liability in respect to such claim or
litigation.  Each  Indemnified  Party shall furnish such  information  regarding
itself or the claim in question as an Indemnifying  Party may reasonably request
in writing and as shall be  reasonably  required in  connection  with defense of
such claim and litigation resulting therefrom.

                                       11
<PAGE>

            (d) If the indemnification provided for in this Section is held by a
court of competent  jurisdiction to be unavailable to an Indemnified  Party with
respect to any loss,  liability,  claim,  damage or expense  referred to herein,
then the  Indemnifying  Party, in lieu of indemnifying  such  Indemnified  Party
hereunder,  shall  contribute to the amount paid or payable by such  Indemnified
Party as a result of such  loss,  liability,  claim,  damage or  expense in such
proportion as is appropriate  to reflect the relative fault of the  Indemnifying
Party on the one hand and of the  Indemnified  Party on the other in  connection
with the statements or omissions which resulted in such loss, liability,  claim,
damage or expense as well as any other relevant  equitable  considerations.  The
relative fault of the Indemnifying  Party and of the Indemnified  Party shall be
determined by reference  to, among other  things,  whether the untrue or alleged
untrue  statement of a material  fact or the  omission to state a material  fact
relates to information  supplied by the Indemnifying Party or by the Indemnified
Party and the parties'  relative  intent,  knowledge,  access to information and
opportunity to correct or prevent such statement or omission.

      4.5 Transfer or Assignment  of  Registration  Rights.  The benefits to the
Subscriber  hereunder  may be  transferred  or assigned by the  Subscriber  to a
permitted transferee or assignee of any of the Registrable Securities,  provided
that the Company is given written  notice that such right has been  transferred,
stating the name and address of said  transferee or assignee and identifying the
securities with respect to which such registration  rights are being transferred
or assigned;  provided  further that the  transferee  or assignee of such rights
shall be deemed to have assumed the  obligations  of the  Subscriber  under this
Subscription  Agreement by the  acceptance of such  assignment  and shall,  upon
request from the Company, evidence such assumption by delivery to the Company of
a written agreement assuming such obligations of the Subscriber.

      4.6 Registration  Procedures.  In the case of the registration effected by
the Company pursuant to this Subscription  Agreement,  the Company will keep the
Subscriber  advised in writing as to the initiation of each  registration and as
to the completion thereof. The Company will:

            (a) Prepare and file with the SEC such amendments and supplements to
such  registration  statement and the  prospectus  used in connection  with such
registration  statement as may be necessary to comply with the provisions of the
Act with respect to the disposition of securities  covered by such  registration
statement;

            (b) Respond as promptly as  reasonably  practicable  to any comments
received from the SEC with respect to a registration  statement or any amendment
thereto.

            (c) Notify the Subscriber as promptly as reasonably  practicable and
(if  requested by any such person)  confirm such notice in writing no later than
one  trading  day  following  the day (A) when a  prospectus  or any  prospectus
supplement or post-effective  amendment to a registration  statement is proposed
to  be  filed  and  (B)  with  respect  to  a  registration   statement  or  any
post-effective amendment, when the same has become effective;

            (d) Furnish such number of prospectuses and other documents incident
thereto,  including supplements and amendments, as the Subscriber may reasonably
request;

            (e) Furnish to the Subscriber, upon request, a copy of all documents
filed with and all correspondence from or to the SEC in connection with any such
registration statement other than non-substantive cover letters and the like, to
the extent such items do not constitute material, non-public information;

                                       12
<PAGE>

            (f) Use its reasonable best efforts to avoid the issuance of, or, if
issued, obtain the withdrawal of (i) any order suspending the effectiveness of a
registration  statement,  or  (ii)  any  suspension  of  the  qualification  (or
exemption from  qualification) of any of the Registrable  Securities for sale in
any jurisdiction, at the earliest practicable moment; and

            (g) Use its  reasonable  best efforts to comply with all  applicable
rules and regulations of the SEC.

Notwithstanding  the  foregoing,  if at any time or from time to time  after the
date of effectiveness of the  Registration  Statement,  the Company notifies the
Subscriber in writing of the existence of an event or  circumstance  that is not
disclosed in the  Registration  Statement and that may have a material effect on
the Company or its business (a "Potential Material Event"), the Subscriber shall
not offer or sell any Registrable Securities, or engage in any other transaction
involving or relating to the Registrable Securities, from the time of the giving
of notice with respect to a Potential  Material Event until the Company notifies
the Subscriber  that such Potential  Material Event either has been added to the
Registration  Statement by amendment or  supplement  or no longer  constitutes a
Potential  Material  Event;  provided,  that the  Company may not so suspend the
right of Subscriber for more than 120 days in the aggregate.

      4.7  Statement  of  Beneficial  Ownership.  The  Company  may  require the
Subscriber  to furnish to the Company a certified  statement as to the number of
shares of Common Stock beneficially owned by such Subscriber and the controlling
person  thereof and any other such  information  regarding the  Subscriber,  the
Registrable  Securities  held by the  Subscriber  and  the  intended  method  of
disposition of such  securities as shall be reasonably  required with respect to
the  registration of the  Subscriber's  Registrable  Securities.  The Subscriber
hereby  understands  and agrees  that the Company  may, in its sole  discretion,
exclude the  Subscriber's  shares of Common  Stock  (including  such shares into
which the Warrants are exercisable) from the Registration Statement in the event
that the Subscriber  fails to provide such  information  within ten (10) trading
days of the request therefor by the Company.

      4.8 Compliance.  Subscriber covenants and agrees that such Subscriber will
comply with the  prospectus  delivery  requirements  of the Act as applicable to
such Subscriber in connection with sales of Registrable  Securities  pursuant to
the registration statement required hereunder.

      4.9  Piggy-Back  Registrations.  If at any time  during the  Effectiveness
Period  there is not an  effective  registration  statement  covering all of the
Registrable  Securities and the Company shall determine to prepare and file with
the SEC a registration  statement relating to an offering for its own account or
the account of others  under the Act of any of its Common  Stock,  other than an
offering of  securities  issued  pursuant to a  Strategic  Issuance  (as defined
below) and other  than a Form S-4 or Form S-8  registration  statement  (each as
promulgated  under  the  Act  or  their  then  equivalents  relating  to  equity
securities  to be issued  solely in  connection  with any  business  combination
transaction, acquisition of any entity or business or equity securities issuable
in  connection  with stock option or other  employee  benefit  plans),  then the
Company  shall send to the  Subscriber  (together  with any other holders of its
Common Stock or Warrants possessing  "piggyback  registration rights" comparable
to those granted to the Subscriber hereunder  ("Rightsholders"))  written notice
of such  determination  and, if within  fifteen (15) days after  receipt of such
notice, the Subscriber shall so request in writing, the Company shall include in

                                       13
<PAGE>

such registration  statement all or any part of such Registrable Securities such
Subscriber requests to be registered;  provided,  that, the Company shall not be
required to register any  Registrable  Securities  pursuant to this Section that
are eligible for resale  pursuant to Rule 144(k)  promulgated  under the Act. In
order to effectuate  these  piggyback  rights,  in no event shall the Company be
required by these  provisions to keep up to date or to supplement any prospectus
more than nine (9) months after the effective date of the registration statement
of which such prospectus is a part. If the registration statement is being filed
for an  underwritten  public  offering,  the Subscriber  must timely execute and
deliver the usual and customary agreement among the Company, such Subscriber and
the underwriters relating to the registration;  If the registration statement is
being filed for an underwritten  offer and sale by the Company of securities for
its own account and the managing underwriters advise the Company in writing that
in their opinion the offering contemplated by the registration  statement cannot
be  successfully  completed if the Company were to also register the Registrable
Shares  of  the  Subscriber  requested  to  be  included  in  such  registration
statement,  then the Company will include in the  registration:  (i) first,  any
securities  the Company  proposes to sell,  (ii) second,  any  securities of any
person who se securities  are being  registered as a result of the exercise of a
demand registration right, and (iii) third, that portion of the aggregate number
of shares being requested for inclusion in the registration statement by (X) the
Subscriber  and  (Y) all  other  Rightsholders,  which  in the  opinion  of such
managing  underwriters  can  successfully  be sold,  such number of shares to be
taken pro rata from the Rightsholders on the basis of the total number of shares
being   requested   for  inclusion  in  the   registration   statement  by  each
Rightsholder.  "Strategic Issuance" shall mean an issuance of securities: (i) in
connection with a "corporate  partnering"  transaction or a "strategic alliance"
(as determined by the Board of Directors of the Company in good faith);  (ii) in
connection  with any financing  transaction in respect of which the Company is a
borrower;  or (iii) to a  vendor,  lender,  or  customer  of the  Company,  or a
research,  manufacturing or other commercial  collaborator of the Company,  in a
transaction approved by the Board of Directors,  provided in any case, that such
issuance is not being made primarily for the purpose of avoiding compliance with
this Subscription Agreement.

      5. Miscellaneous

      5.1 Any  notice or other  communication  given  hereunder  shall be deemed
sufficient  if in writing  and sent by  registered  or  certified  mail,  return
receipt requested, addressed to the Company, at Dyadic International,  Inc., 140
Intracoastal Pointe Dr., Suite 404, Jupiter, FL 33477-5094,  Attention: Mr. Mark
Emalfarb,  CEO,  with a copy to (which shall not  constitute  notice)  Jenkens &
Gilchrist,  PC,  225 West  Washington,  Suite  2600,  Chicago,  Illinois  60606,
Attention:  Robert I.  Schwimmer,  Esq.,  and to the  Subscriber  at his address
indicated on the signature page of this Subscription Agreement. Notices shall be
deemed to have been given  three (3)  business  days after the date of  mailing,
except  notices of change of  address,  which shall be deemed to have been given
when received.

      5.2  This  Subscription   Agreement  may  be  amended  through  a  written
instrument signed by the Subscriber,  Dyadic and the Company; provided, however,
that the  terms of  Section  4 of this  Subscription  Agreement  may be  amended
without  the consent or approval  of the  Subscriber  so long as such  amendment
applies in the same fashion to the  subscription  agreements of all of the other
subscribers  for Units in the Offering and at least holders of a majority of the
Units sold in the Offering have given their  approval of such  amendment,  which
approval shall be binding on all holders of Units.

                                       14
<PAGE>

      5.3 This  Subscription  Agreement  shall be binding  upon and inure to the
benefit  of  the  parties   hereto  and  to  their   respective   heirs,   legal
representatives,  successors and assigns. This Subscription Agreement sets forth
the entire  agreement  and  understanding  between the parties as to the subject
matter hereof and merges and  supersedes all prior  discussions,  agreements and
understandings of any and every nature among them.

      5.4  Notwithstanding  the place where this  Subscription  Agreement may be
executed by any of the parties hereto,  the parties expressly agree that all the
terms and provisions  hereof shall be construed in accordance  with and governed
by the laws of the State of Delaware.

      5.5 This Subscription Agreement may be executed in counterparts.  It shall
not be binding  upon the Company  and Dyadic  unless and until it is accepted by
the Company and Dyadic.  Upon the  execution  and delivery of this  Subscription
Agreement by the Subscriber,  this Subscription Agreement shall become a binding
obligation  of the  Subscriber  with  respect to the purchase of Units as herein
provided; subject, however, to the right hereby reserved to the Company to enter
into the same  agreements  with  other  subscribers  and to add and/or to delete
other persons as subscribers.

      5.6 The holding of any  provision  of this  Subscription  Agreement  to be
invalid or unenforceable by a court of competent  jurisdiction  shall not affect
any other provision of this Subscription  Agreement,  which shall remain in full
force and effect.

      5.7 It is  agreed  that a  waiver  by  either  party  of a  breach  of any
provision of this Subscription Agreement shall not operate, or be construed,  as
a waiver of any subsequent breach by that same party.

      5.8 The parties  agree to execute and deliver all such further  documents,
agreements  and  instruments  and take such other and  further  action as may be
necessary  or  appropriate  to  carry  out  the  purposes  and  intent  of  this
Subscription Agreement.

      5.9 The Company  agrees not to disclose the names,  addresses or any other
information about the Subscribers,  except as required by law, provided that the
Company may provide  information  relating to the  Subscriber as required in any
registration  statement under the Act that may be filed by the Company  pursuant
to the requirements of this Subscription Agreement.

      5.10 The obligation of the  Subscriber  hereunder is several and not joint
with the  obligations of any other  subscribers for the purchase of Units in the
Offering (the "Other Subscribers"),  and the Subscriber shall not be responsible
in any way for the  performance  of the  obligations  of any Other  Subscribers.
Nothing contained herein or in any other agreement or document  delivered at the
Closing,  and no action taken by the Subscriber pursuant hereto, shall be deemed
to constitute  the Subscriber  and the Other  Subscribers  as a partnership,  an
association,  a  joint  venture  or any  other  kind  of  entity,  or  create  a
presumption that the Subscriber and the Other  Subscribers are in any way acting
in concert with respect to such obligations or the transactions  contemplated by
this  Subscription  Agreement.  The Subscriber  shall be entitled to protect and
enforce the Subscriber's rights, including without limitation the rights arising
out of this Subscription Agreement,  and it shall not be necessary for any Other
Subscriber  to be  joined

                                       15
<PAGE>

as an additional party in any proceeding for such purpose.  The language used in
this  Agreement  will be deemed to be the  language  chosen  by the  parties  to
express their mutual intent, and no rules of strict construction will be applied
against any party.  The  Subscriber  is not acting as part of a "group" (as that
term is used in Section 13(d) of the 1934 Act) in negotiating  and entering into
this Subscription  Agreement or purchasing the Units or acquiring,  disposing of
or voting any of the  underlying  shares of Common Stock or the Warrant  Shares.
The Company hereby  confirms that it understands  and agrees that the Subscriber
is not acting as part of any such group.

                            [SIGNATURE PAGE FOLLOWS]

                                       16
<PAGE>

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

------------------------------              ------------------------------------
Signature of Subscriber                     Signature of Co-Subscriber

------------------------------              ------------------------------------
Name of Subscriber                          Name of Co-Subscriber
[please print]

------------------------------              ------------------------------------
Address of Subscriber                       Address of Co-Subscriber

------------------------------              ------------------------------------
Social Security or Taxpayer                 Social Security or Taxpayer
Identification Number of Subscriber         Identification Number of
                                            Co-Subscriber

------------------------------
Number of Units Subscribed For

Subscription Agreed to and Accepted

CCP WORLDWIDE, INC.                                  DYADIC INTERNATIONAL, INC.

By:                                   By:
   ------------------------------        ---------------------------------------

Name:                                 Name:
     ----------------------------          -------------------------------------

Title:                                Title:
     ----------------------------           ------------------------------------

                                       17
<PAGE>

                                   Exhibit A-1

                        Corporate Investor Questionnaire

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

Name:  ________________________________________

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

IMPORTANT:
Please Complete

                        CORPORATE INVESTOR QUESTIONNAIRE

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

                               CCP WORLDWIDE, INC.
                           DYADIC INTERNATIONAL, INC.

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

CCP Worldwide, Inc.
c/o Gottbetter & Partners
488 Madison Avenue, 12th Floor
New York, New York  10022
Attention: Adam S. Gottbetter, Esq.

Dyadic International, Inc.
140 Intracoastal Pointe Drive, Suite 404
Jupiter, Florida  33477-509
Attn: Mark Emalfarb

            The information  contained in this Corporate Investor  Questionnaire
is being furnished in order to determine  whether the undersigned  Corporation's
subscription  to purchase  Units (the  "Units")  described  in the  Confidential
Offering Memorandum, dated September __, 2004, of Dyadic International, Inc. and
CCP Worldwide, Inc. (the "Company") may proceed.

            One (1) copy of this  Questionnaire  should  be  completed,  signed,
dated and  delivered  to Louis W.  Zehil,  Esq.  counsel to  [redacted  names of
Placement  Agents] (the "Placement  Agents"),  at  McGuireWoods,  LLP as per the
accompanying  Subscription  Cover  Letter.  Please  contact Louis Zehil at (212)
548-2138 if you have any questions with respect to this Questionnaire.

                                      A1-1
<PAGE>

            ALL  INFORMATION  CONTAINED  IN THIS  QUESTIONNAIRE  WILL BE TREATED
CONFIDENTIALLY.  The  undersigned  Corporation  understands,  however,  that the
Company may present this  Questionnaire to such parties as it deems  appropriate
if called upon to establish that the proposed offer and sale of the Units in the
Company  is exempt  from  registration  under  the  Securities  Act of 1933,  as
amended,  or meets the requirements of applicable state securities or "blue sky"
laws.  Further,  the  undersigned  Corporation  understands  that  the  offering
required to be reported to the Securities and Exchange Commission and to various
state securities or "blue sky" regulators.

I.    PLEASE CHECK ANY OF STATEMENTS 1-3 BELOW THAT APPLY TO THE Corporation.

      |_|   1. Each of the  shareholders of the undersigned  Corporation is able
            to certify that such shareholder meets at least one of the following
            two conditions:

            (a)   The  shareholder  is a natural  person  whose  individual  net
                  worth*  or joint  net  worth  with his or her  spouse  exceeds
                  $1,000,000; or

            (b)   The  shareholder  is a natural  person  who had an  individual
                  income*  in excess of  $200,000  in each of the  previous  two
                  years  and who  reasonably  expects  an  individual  income in
                  excess of $200,000 this year.

      |_|   2. Each of the  shareholders of the undersigned  Corporation is able
            to certify that such  shareholder is a natural person who,  together
            with  his or her  spouse,  has  had a joint  income*  in  excess  of
            $300,000  in each  of the  previous  two  years  and who  reasonably
            expects a joint income in excess of $300,000 this year.

      |_|   3. The undersigned Corporation:  (a) was not formed for the specific
            purpose of acquiring  the Units;  and (b) has total assets in excess
            of $5,000,000.

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

*     For purposes of this Questionnaire,  the term "net worth" means the excess
      of total assets over total liabilities. In determining income, an investor
      should add to his or her adjusted gross income any amounts attributable to
      tax-exempt  income  received,  losses claimed as a limited  partner in any
      limited  partnership,  deductions claimed for depletion,  contributions to
      IRA or Keogh  retirement  plans,  alimony payments and any amount by which
      income  from  long-term  capital  gains has been  reduced in  arriving  at
      adjusted gross income.

                                      A1-2
<PAGE>

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

            IF YOU CHECKED  STATEMENT 1 OR  STATEMENT 2 IN SECTION 1 AND DID NOT
CHECK  STATEMENT  3, YOU MUST  PROVIDE  A LETTER  SIGNED  BY AN  OFFICER  OF THE
UNDERSIGNED  Corporation  LISTING  THE NAME OF EACH  SHAREHOLDER  AND THE REASON
(UNDER  STATEMENT  1 OR  STATEMENT  2)  WHY  SUCH  SHAREHOLDER  QUALIFIES  AS AN
ACCREDITED  INVESTOR  (ON THE  BASIS OF NET  WORTH,  INDIVIDUAL  INCOME OR JOINT
INCOME),  OR EACH  SHAREHOLDER  MUST  PROVIDE A  COMPLETED  INDIVIDUAL  INVESTOR
QUESTIONNAIRE (PAGES A-1 TO A-6).

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

II.   OTHER CERTIFICATIONS

      By signing the Signature Page, the undersigned certifies the following:

      (a)   that the  Corporation's  purchase  of Units  will be solely  for the
            Corporation's  own  account  and not for the  account  of any  other
            person or entity;

      (b)   that the Corporation's  name, address of principal office,  place of
            incorporation  and  taxpayer  identification  number as set forth in
            this Questionnaire are true, correct and complete; and

      (c)   that one of the following is true and correct (check one):

            |_|   (i) the Corporation is a corporation organized in or under the
                  laws  of  the  United  States  or  any  political  subdivision
                  thereof.

            |_|   (ii) the Corporation is a corporation which is neither created
                  nor  organized in or under the United  States or any political
                  subdivision  thereof,  but  which has made an  election  under
                  either Section 897(i) or 897(k) of the United States  Internal
                  Revenue Code of 1986, as amended,  to be treated as a domestic
                  corporation  for  certain  purposes of United  States  federal
                  income  taxation  (A  COPY  OF THE  INTERNAL  REVENUE  SERVICE
                  ACKNOWLEDGMENT OF THE UNDERSIGNED'S  ELECTION MUST BE ATTACHED
                  TO THIS QUESTIONNAIRE IF THIS PROVISION IS APPLICABLE).

            |_|   (iii) neither (i) nor (ii) above is true.

                                      A1-3
<PAGE>

III.  GENERAL INFORMATION

      (a)   PROSPECTIVE PURCHASER (THE Corporation)

Name:  _________________________________________________________________________

Principal Place of Business: ___________________________________________________
                                            (Number and Street)

--------------------------------------------------------------------------------
           (City)                       (State)                 (Zip Code)

Address for Correspondence (if different):______________________________________
                                                   (Number and Street)

--------------------------------------------------------------------------------
           (City)                       (State)                 (Zip Code)

Telephone Number: ______________________________________________________________
                           (Area Code)               (Number)

Facsimile Number: ______________________________________________________________
                           (Area Code)               (Number)

State of Incorporation: ________________________________________________________

Date of Formation: _____________________________________________________________

Taxpayer Identification Number: ________________________________________________

NASD Affiliation or Association of the Corporation, if any: ____________________

            If none, check here |_|

Number of Shareholders: ________________________________________________________

      (b)   INDIVIDUAL  WHO IS  EXECUTING  THIS  QUESTIONNAIRE  ON BEHALF OF THE
            Corporation

Name: __________________________________________________________________________

Position or Title: _____________________________________________________________

                                      A1-4
<PAGE>

IV.   BENEFICIAL OWNERSHIP

      List the name,  address,  title,  phone  number  and email  address of the
      natural  person or persons who will possess  voting and  investment  power
      over the Units subscribed for herein:

      Name of Natural Person(s): _______________________________________________

      Address: _________________________________________________________________

               _________________________________________________________________

      Title (if any): __________________________________________________________

      Phone: ___________________________________________________________________

      Email address (if any): __________________________________________________

IV.   SIGNATURE

The Signature Page to this Questionnaire is contained on page A-6, entitled
Corporation Signature Page.

                                      A1-5
<PAGE>

                           Corporation Signature Page

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

                               CCP WORLDWIDE, INC.
                           DYADIC INTERNATIONAL, INC.

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

            1. The undersigned  Corporation  represents that (a) the information
contained in this Questionnaire is complete and accurate and (b) the Corporation
will notify  Louis W.  Zehil,  Esq.,  counsel to  [redacted  names of  Placement
Agents] at  McGuireWoods,  LLP, 1345 Avenue of the Americas,  New York, New York
10105;  (212)  548-2138  immediately  if  any  material  change  in  any  of the
information  occurs prior to the  acceptance  of the  undersigned  Corporation's
subscription  and will promptly send Louis Zehil  written  confirmation  of such
change.

            2. The undersigned  Corporation  hereby represents and warrants that
the person signing this Questionnaire on behalf of the Corporation has been duly
authorized by all requisite action on the part of the Corporation to acquire the
Units and sign this  Questionnaire and this Subscription  Agreement on behalf of
the Corporation and, further, that the undersigned Corporation has all requisite
authority to purchase the Units and enter into the Subscription Agreement.

                                     -------------------------------------------
                                                       Date

                                     -------------------------------------------
                                                Name of Corporation
                                               (Please Type or Print)

                                     By:
                                        ----------------------------------------
                                                     Signature

                                     Name:
                                          --------------------------------------
                                                (Please Type or Print)

                                     Title:
                                           -------------------------------------
                                                  (Please Type or Print)

      THE  SECURITIES  COMPRISING THE UNITS HAVE NOT BEEN  REGISTERED  UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), AND MAY NOT BE OFFERED,  SOLD OR
OTHERWISE  TRANSFERRED  UNLESS SUCH  SECURITIES  ARE  INCLUDED  IN AN  EFFECTIVE
REGISTRATION STATEMENT UNDER THE ACT OR AN OPINION OF COUNSEL HAS BEEN DELIVERED
TO THE EFFECT THAT REGISTRATION OF SUCH SECURITIES IS NOT REQUIRED.

                                      A1-6
<PAGE>

                                   Exhibit A-2

                        Individual Investor Questionnaire

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

Name:  ________________________________________

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

IMPORTANT:
Please Complete

                        INDIVIDUAL INVESTOR QUESTIONNAIRE

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

                               CCP WORLDWIDE, INC.
                           DYADIC INTERNATIONAL, INC.

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

CCP Worldwide, Inc.
c/o Gottbetter & Partners
488 Madison Avenue, 12th Floor
New York, New York  10022
Attention: Adam S. Gottbetter, Esq.

Dyadic International, Inc.
140 Intracoastal Pointe Drive, Suite 404
Jupiter, Florida  33477-509
Attn: Mark Emalfarb

      The information  contained in this Individual  Investor  Questionnaire  is
being furnished in order to determine whether the undersigned's  subscription to
purchase Units (the "Units") described in the Confidential  Offering Memorandum,
dated September __, 2004, of Dyadic International, Inc., and CCP Worldwide, Inc.
(the "Company") may proceed.

      One (1) copy of this Questionnaire should be completed,  signed, dated and
delivered  to Louis W.  Zehil,  Esq.  counsel to  [redacted  names of  Placement
Agents] (the "Placement Agents"),  at McGuireWoods,  LLP as per the accompanying
Subscription  Cover Letter.  Please contact Louis Zehil at (212) 548-2138 if you
have any questions with respect to this Questionnaire.

      ALL  INFORMATION   CONTAINED  IN  THIS   QUESTIONNAIRE   WILL  BE  TREATED
CONFIDENTIALLY.  The  undersigned  understands,  however,  that the  Company may
present this  Questionnaire  to such parties as it deems  appropriate  if called
upon to establish  that the proposed  offer and sale of the Units is exempt from
registration  under  the  Securities  Act of 1933,  as  amended,  or  meets  the
requirements of applicable  state  securities or "blue sky" laws.  Further,  the
undersigned  understands  that the  offering  is  required to be reported to the
Securities and Exchange Commission and to various state securities or "blue sky"
regulators.

                                      A2-1
<PAGE>

--------------------------------------------------------------------------------
IF YOU ARE PURCHASING UNITS WITH YOUR SPOUSE, YOU MUST BOTH SIGN THE SIGNATURE
PAGE (PAGE A-6).
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
IF YOU ARE PURCHASING UNITS WITH ANOTHER PERSON NOT YOUR SPOUSE, YOU MUST EACH
FILL OUT A SEPARATE QUESTIONNAIRE. Please make a photocopy of pages A-1 to A-6
and return both completed Questionnaires to McGuireWoods LLP in the same
envelope.
--------------------------------------------------------------------------------

I.    PLEASE INDICATE DESIRED TYPE OF OWNERSHIP OF UNITS:

      |_|   Individual

      |_|   Joint Tenants (rights of survivorship)

      |_|   Tenants in Common (no rights of survivorship)

II.   PLEASE CHECK ANY OF STATEMENTS 1-4 BELOW THAT APPLY TO YOU.

      |_|   1. I have an individual net worth* or joint net worth with my spouse
            in excess of $1,000,000.

      |_|   2. I have had an individual income* in excess of $200,000 in each of
            the previous two years and I reasonably  expect an individual income
            in excess of $200,000  this year.  NOTE:  IF YOU ARE BUYING  JOINTLY
            WITH YOUR SPOUSE,  YOU MUST EACH HAVE AN INDIVIDUAL INCOME IN EXCESS
            OF $200,000 IN EACH OF THESE YEARS IN ORDER TO CHECK THIS BOX.

      |_|   3. My spouse and I have had a joint income* in excess of $300,000 in
            each of the  previous  two  years  and I  reasonably  expect a joint
            income in excess of $300,000 this year.

      |_|   4. I am a director  and/or an  executive  officer of Company as such
            terms are defined in Regulation D promulgated  under the  Securities
            Act of 1933, as amended.

---------------
*     For purposes of this Questionnaire,  the term "net worth" means the excess
      of total assets over total liabilities. In determining income, an investor
      should add to his or her adjusted gross income any amounts attributable to
      tax-exempt  income  received,  losses claimed as a limited  partner in any
      limited  partnership,  deductions claimed for depletion,  contributions to
      IRA or Keogh  retirement  plans,  alimony payments and any amount by which
      income  from  long-term  capital  gains has been  reduced in  arriving  at
      adjusted gross income.

                                      A2-2
<PAGE>

III.  OTHER CERTIFICATIONS

      By signing  the  Signature  Page,  I certify  the  following  (or, if I am
      purchasing  Units with my spouse as  co-owner,  each of us  certifies  the
      following):

      (a)   that I am at least 21 years of age;

      (b)   that my  purchase of Units will be solely for my own account and not
            for the  account  of any other  person  (other  than my  spouse,  if
            co-owner);

      (c)   that the name,  home address and social  security number or taxpayer
            identification  number as set forth in this  Questionnaire are true,
            correct and complete; and

      (d)   that one of the following is true and correct (check one):

            Spouse, if Co-owner

      |_|   |_| (i) I am a United  States  citizen  or  resident  of the  United
            States for United States federal income tax purposes.

      |_|   |_| (ii) I am neither a United States  citizen nor a resident of the
            United States for United States federal income tax purposes.

IV.   GENERAL INFORMATION

      (a)   PERSONAL INFORMATION

Name: __________________________________________________________________________

Social Security or Taxpayer Identification Number: _____________________________

Residence Address: _____________________________________________________________
                                  (Number and Street)

________________________________________________________________________________
           (City)                       (State)                 (Zip Code)

Residence Telephone Number: ____________________________________________________
                                   (Area Code)                (Number)

Residence Facsimile Number: ____________________________________________________
                                   (Area Code)                (Number)

Name of Business: ______________________________________________________________

Business Address: ______________________________________________________________
                                    (Number and Street)

                                      A2-3
<PAGE>

________________________________________________________________________________
           (City)                       (State)                 (Zip Code)

Business Telephone Number: _____________________________________________________
                                   (Area Code)                (Number)

Business Facsimile Number: _____________________________________________________
                                   (Area Code)                (Number)

I prefer to have correspondence sent to:     |_| Residence    |_| Business

NASD Affiliation or Association, if any: _______________________________________

                             If none, check here |_|

SPOUSE, IF POTENTIAL CO-OWNER

Name: __________________________________________________________________________

Social Security or Taxpayer Identification Number: _____________________________

Residence Address: _____________________________________________________________
                                  (Number and Street)

________________________________________________________________________________
           (City)                       (State)                 (Zip Code)

Residence Telephone Number: ____________________________________________________
                                   (Area Code)                (Number)

Residence Facsimile Number: ____________________________________________________
                                   (Area Code)                (Number)

Name of Business: ______________________________________________________________

Business Address: ______________________________________________________________
                                    (Number and Street)

________________________________________________________________________________
           (City)                       (State)                 (Zip Code)

Business Telephone Number: _____________________________________________________
                                   (Area Code)                (Number)

Business Facsimile Number: _____________________________________________________
                                   (Area Code)                (Number)

I prefer to have correspondence sent to:     |_| Residence    |_| Business

NASD Affiliation or Association, if any: _______________________________________

                             If none, check here |_|

                                      A2-4
<PAGE>

V.    SIGNATURE

The  Signature  Page to this  Questionnaire  is contained on page A-6,  entitled
Individual Signature Page.

                                      A2-5
<PAGE>

                            INDIVIDUAL SIGNATURE PAGE

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

                               CCP WORLDWIDE, INC.
                           DYADIC INTERNATIONAL, INC.

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

            1. The undersigned  represents that (a) the information contained in
this Questionnaire is complete and accurate, and (b) he/she will telephone Louis
W. Zehil,  counsel to the Placement Agents at (212) 548-2138  immediately if any
material  change in any of this  information  occurs  before the  acceptance  of
his/her  subscription  and will promptly send Louis Zehil  confirmation  of such
change.

                                     -------------------------------------------
                                                       Date

                                     -------------------------------------------
                                            Name (Please Type or Print)

                                     -------------------------------------------
                                                     Signature

                                     -------------------------------------------
                                             Name of Spouse if Co-owner
                                               (Please Type or Print)

                                     -------------------------------------------
                                          Signature of Spouse if Co-owner

--------------------------------------------------------------------------------
IF YOU ARE PURCHASING UNITS WITH YOUR SPOUSE, YOU MUST BOTH SIGN THIS SIGNATURE
PAGE (PAGE A-6).
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
IF YOU ARE PURCHASING UNITS WITH ANOTHER PERSON NOT YOUR SPOUSE, YOU MUST EACH
FILL OUT A SEPARATE QUESTIONNAIRE. Please make a photocopy of pages A-1 to A-6
and return both completed Questionnaires to McGuireWoods LLP in the same
envelope.
--------------------------------------------------------------------------------

      THE  SECURITIES  COMPRISING THE UNITS HAVE NOT BEEN  REGISTERED  UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), AND MAY NOT BE OFFERED,  SOLD OR
OTHERWISE  TRANSFERRED  UNLESS SUCH  SECURITIES  ARE  INCLUDED  IN AN  EFFECTIVE
REGISTRATION STATEMENT UNDER THE ACT OR AN OPINION OF COUNSEL HAS BEEN DELIVERED
TO THE EFFECT THAT REGISTRATION OF SUCH SECURITIES IS NOT REQUIRED.

                                      A2-6

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