Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Banyan Corporation - Exhibit 10.29

ASSET PURCHASE AGREEMENT 
between
MEDICAL RESOURCES,
INC.
and
PREMIER MEDICAL SERVICES, LLC 

TABLE OF CONTENTS 

	1.
      	Asset
      Sale 	1
      
	2.
      	Purchase
      Price; Manner of Payment 	1
      
	3.
      	Closing;
      Closing Conditions 	1
      
	4.
      	Closing
      Expenses 	2
      
	5.
      	Closing
      Commitments. 	2
      
	6.
      	General
      Provisions 	2
      

Schedules:
     Schedule A. (the
“Assets”) 

Exhibits: 
     Exhibit 3.2. a (“Form of
Assignment”) 

ASSET PURCHASE AGREEMENT 

This Asset Purchase Agreement (the "Agreement") is dated as of
March 7, 2007, and is between MEDICAL RESOURCES, INC., a Virginia corporation
("Seller"), and PREMIER MEDICAL SERVICES, LLC, a Florida limited liability
company ("Purchaser"). 

     Seller operates a diagnostic
testing business (the "Business"). Seller desires to sell all the customer
accounts and account agreements (collectively, the “Assets”)—and Purchaser
desires to purchase the Assets—on the terms contained in this Agreement. The
assets are listed in Schedule A. 

The parties therefore agree as follows: 

	1. 	
      Asset Sale.

	1.1. 	
      Seller hereby sells—and Purchaser hereby purchases—the
      Assets on the terms set forth in this Agreement. Purchaser is not assuming
      any of Seller’s liabilities.

	 	 	 
	2. 	
      Purchase Price; Manner of Payment.

	2.1. 	
      The purchase price for the Assets is $440,000 (the
      “Purchase Price”). One Thousand Dollars ($1,000) is payable as a down
      payment concurrently with executing this Agreement. The balance of the
      Purchase Price is payable as follows. On the 15th day of each
      month hereafter, Purchaser shall pay Seller 30% of Purchaser’s gross
      collections in the immediately prior month from MRI Accounts (as defined
      below) from Purchaser providing diagnostic testing services to such
      accounts. At the time of such payment, Purchaser shall provide the Seller
      with all the supporting documentation related to such payment necessary to
      determine what services were performed for the MRI Accounts at issue, and
      what revenues were received for such services. Notwithstanding
      collections, however, in no event must Purchaser ever pay more than
      $440,000, in the aggregate, to Seller. If, on the 10th anniversary of the
      date of this Agreement, Purchaser has not yet paid the $440,000 Purchase
      Price in full, then Purchaser must then pay Seller the shortfall. The
      shortfall must be paid in 3 equal annual installments, without interest,
      on the 11th, 12th and 13th anniversaries of the date of this
    Agreement.

	 	 	 
	3. 	
      Closing; Closing Conditions.

	3.1. 	
      The parties are closing the sale of the Assets (the
      “Closing,” and the date thereof, the “Closing Date”) concurrently with the
      execution of this Agreement.

	 	 	 
	3.2. 	
      Simultaneously with executing this Agreement, Seller must
      deliver to Purchaser the following:

	 	 	 
		a. 	
      an assignment, in the form attached as Exhibit 3.2.a (the
      "Assignment"), signed by Seller, together with all customer agreements;
      and

	 	 	 
		b. 	
      Noncompetition and Confidentiality Agreements, in the
      form attached as Exhibit 3.2.b (the “Noncompete Agreement”), signed by
      Seller, and each of its owners, officers and directors, who held such
      positions at any time within the 180-day period on or before the date
      hereof.

	3.3. 	
      Purchaser’s obligations under this Agreement are subject
      to its receipt of all the documents and instruments recited in Section
      3.2, the provisions of which are conditions precedent to those
      obligations. Purchaser may waive any or all of the foregoing
      conditions.

	 	 	 
	4. 	
      Closing Expenses.

	 	 	 
	4.1. 	
      Seller and Purchaser shall each pay all fees and expenses
      it incurs in connection with the transactions provided for hereunder,
      including its respective attorney’s and accountant’s fees. Without
      limiting the generality of the foregoing, Seller is exclusively
      responsible for all costs relating to transferring the Assets to Purchaser
      in accordance with the terms of this Agreement, including all expenses
      relating to procuring any third-party consent to the transfer of any of
      the Assets.

	 	 	 
	5. 	
      Closing Commitments.

	 	 	 
	5.1. 	
      Seller represents, warrants, and covenants as
    follows:

	 	 	 
		a. 	
      Seller owns the Assets free and clear of any adverse
      claim, including any lien, pledge, mortgage, security interest,
      encumbrance, or other third-party claim of any kind or nature whatsoever
      (collectively, "Adverse Claims"), except for liens for taxes and
      assessments not yet due and payable, and the Assets are being transferred
      to, and acquired by, Purchaser free and clear of any Adverse Claims;
      and

	 	 	 
		b. 	
      Seller has full corporate power, right, and authority to
      enter into this Agreement and perform all the transactions contemplated
      hereunder and requires no third-party consent to do so.

	 	 	 
		c. 	
      MRI and the other parties thereto (other than Purchaser)
      shall comply with their obligations under the Noncompete Agreements
      executed concurrently herewith.

	 	 	 
	5.2. 	
      Purchaser represents, warrants, and covenants as
      follows:

	 	 	 
		a. 	
      Purchaser has full corporate power, right, and authority
      to enter into this Agreement and perform all the transactions contemplated
      hereunder and requires no third-party consent to do so.

	 	 	 
		b. 	
      Purchaser shall comply with its obligations under the
      Noncompete Agreements executed concurrently herewith.

	 	 	 
		c. 	
      Purchaser shall not transfer ownership of the Assets
      unless and until it satisfies its obligations to pay the Purchase Price as
      Section 2.1 requires, unless the transferee agrees to assume, by written
      notice to Seller, all of such obligations to pay the Purchase Price and
      such transferee is at least as creditworthy as Purchaser and the guarantor
      of its obligations hereunder.

	 	 	 
	5.3. 	
      The foregoing representations, warranties, and covenants
      in this Section 5 survive the Closing, the delivery of Assignment, and the
      consummation of all transactions herein contemplated.

	 	 	 
	6. 	
      General Provisions.

	 	 	 
	6.1. 	
      For the purposes of this
Agreement:

2 

		a. 	
      “including (include)” means “including (include), without
      limitation”;

	 	 	 
		b. 	
      “or,” as in “A or B,” means “A or B or both”;
  and

	 	 	 
		c. 	
      “herein,” “hereunder,” and “hereof” refer to this
      Agreement, and not to the specific section in which that term
    occurs.

	 	 	 
		d. 	
      “affiliate” means, with respect to a corporation, limited
      liability company, partnership, or other business entity, any person
      controlling, controlled by, or under common control with that business
      entity. With respect to an individual, affiliate means that individual’s
      family members, as well as such family members’ spouses, and the other
      business entities such individual and his or her family members, directly
      or indirectly, control. “Control” has the meaning ascribed to it under the
      Securities Act of 1933, as amended. “Family” means, with respect to an
      individual, such individual’s spouse, lineal ancestors, or descendants by
      birth or adoption, and trusts for the exclusive benefit of such individual
      or any of the other foregoing individuals. “Person” means an individual,
      corporation, partnership, association, limited liability company, trust,
      estate, or other entity.

	 	 	 
		e. 	
      “MRI Account” means each of the accounts listed in
      Schedule A. Further, the Purchaser’s assignment of an MRI Account, or
      replacement or modification of the account agreement, if any, for such
      account, will not be considered as a change in the status of such account
      being an MRI Account.

	 	 	 
		f. 	
      “Regular Testing Documentation” means, with respect to
      any account that Seller assigns to Purchaser on the date hereof, a
      substantially completed patient-insurance- verification form, or any other
      form Purchaser or its affiliates used in good faith in the ordinary course
      of business of Purchaser or any of its affiliates to schedule an account
      for diagnostic testing.

	 	 	 
	6.2. 	
      If Seller breaches any of its commitments in this
      Agreement, without limiting Purchaser's other rights and remedies,
      Purchaser may offset the amount of costs, losses or damages it reasonably
      incurs as a result of such breach against any amounts Purchaser owes to
      Seller. If Purchaser is required to refund and remits payment of any
      amount to any of the MRI Accounts that Purchaser collected from them for
      which Purchaser paid Seller part of the Purchase Price, and such refund is
      not due to any negligence or intentional misconduct of Purchaser, then
      Purchaser may offset the amount of such refund against any amounts
      Purchaser owes to Seller. The offset rights provided in this Section may
      be applied by Purchaser against amounts it owes Seller in the order such
      payments become due.

	 	 	 
	6.3. 	
      All notices, requests, demands, consents and other
      communications required or permitted under this Agreement must be in
      writing (including telefax and other telecommunication) and must be (as
      elected by the person giving such notice) hand delivered by messenger or
      courier service, telecommunicated, or mailed (airmail if international) by
      registered or certified mail (postage prepaid), return receipt requested,
      addressed to the appropriate party at its address set forth below or to
      such other address as that party may designate by notice complying with
      the terms of this Section. Each such notice will be
  deemed

3 

delivered: (a) on the date delivered if
by personal delivery; (b) on the date of transmission with confirmed answer back
if by telefax or other telecommunication method; or (c) on the date upon which
the return receipt is signed or delivery is refused or the notice is designated
by the postal authorities or courier service as not deliverable, as the case may
be, if mailed or couriered. 

Seller’s address is as set forth below
its signature to this Agreement. 

Purchaser’s address is 7200 W. Camino
Real, Suite 300, Boca Raton, Florida 33433. 

	6.4. 	
      This Agreement, and all transactions contemplated herein,
      are governed by, and must be construed and enforced in accordance with,
      the internal laws of Florida, without regard to conflict-of-laws
      principles.

	 	 
	6.5. 	
      This Agreement and all transactions contemplated by this
      Agreement shall be governed by, and construed and enforced in accordance
      with, the internal laws of the State of Florida without regard to
      principles of conflicts of laws. The parties acknowledge that a
      substantial portion of the negotiations, anticipated performance and
      execution of this Agreement occurred or shall occur in Palm Beach County,
      Florida, and that, therefore, each of the parties irrevocably and
      unconditionally: (a) agrees that any suit, action or legal proceeding
      arising out of or relating to this Agreement shall be brought exclusively
      in the courts of record of the State of Florida in Palm Beach County or
      the District Court of the United States, Southern District of Florida; (b)
      consents to the jurisdiction of each such court in any suit, action or
      proceeding; (c) waives any objection which he or it may have to the laying
      of venue of any such suit, action or proceeding in any of such courts; and
      (d) agrees that service of any court paper may be effected on such party
      by mail, as provided in this Agreement, or in such other manner as may be
      provided under applicable laws or court rules in the State of Florida. THE
      PARTIES WAIVE THEIR RESPECTIVE RIGHTS, IF ANY, TO A JURY TRIAL IN
      CONNECTION WITH THE VALIDITY, INTERPRETATION OR ENFORCEMENT OF THIS
      AGREEMENT OR ANY DISPUTE ARISING OUT OF OR RELATING TO IT.

	 	 
	6.6. 	
      All covenants, representations, and warranties made in
      this Agreement by any party continue in full force subsequent to and
      notwithstanding the Closing, the delivery of Assignment, and the
      consummation of all transactions herein contemplated and until they are
      satisfied or by their nature expire.

	 	 
	6.7. 	
      All the terms and provisions of this Agreement, whether
      so expressed or not, are binding upon, inure to the benefit of, and are
      enforceable by the parties and their respective legal representatives,
      successors and permitted assigns.

	 	 
	6.8. 	
      This Agreement may be executed in one or more
      counterparts, each of which is an original, but all of which together
      constitute one and the same instrument. Confirmation of execution by
      telefax or other telecommunicated signature page is binding upon any party
      so confirming.

	 	 
	6.9. 	
      This Agreement, together with all other agreements
      referred to herein, represents the entire understanding and agreement
      between the parties with respect to the subject matter hereof, and
      supersedes all other negotiations, understandings and representations if
      any

4 

		
      made between the parties. No representations,
      inducements, promises or agreements, oral or otherwise, if any, not
      embodied herein are of any force.

	 	 
	6.10. 	
      If any provision of this Agreement or any other agreement
      entered in connection with this Agreement is contrary to, prohibited by or
      deemed invalid under applicable law or regulation, such provision is
      inapplicable and deemed omitted to the extent so contrary, prohibited or
      invalid. But the remainder of this Agreement is not invalidated thereby
      and must be given full force and effect so far as possible. If any
      provision of this Agreement may be construed in two or more ways, one of
      which renders the provision invalid or otherwise voidable or unenforceable
      and another of which renders the provision valid and enforceable, such
      provision has the meaning that renders it valid and enforceable.

	 	 
	6.11. 	
      The headings and subheadings contained in this Agreement
      are for convenience of reference only, and not to be considered a part
      hereof and will not limit or otherwise affect in any way the meaning or
      interpretation of this Agreement.

	 	 
	6.12. 	
      If any provision of this Agreement or any other agreement
      entered into pursuant hereto is contrary to, prohibited by or deemed
      invalid under applicable law or regulation, such provision will be
      inapplicable and deemed omitted to the extent so contrary, prohibited or
      invalid, but the remainder hereof will not be invalidated thereby and will
      be given full force and effect so far as possible. If any provision of
      this Agreement may be construed in two or more ways, one of which would
      render the provision invalid or otherwise voidable or unenforceable and
      another of which would render the provision valid and enforceable, such
      provision will have the meaning which renders it valid and
    enforceable.

	 	 
	6.13. 	
      Subject to the rights of Purchaser’s affiliates under the
      Noncompete Agreements, nothing in this Agreement, whether express or
      implied, is intended to confer any rights or remedies under or by reason
      of this Agreement on any persons other than the parties hereto and their
      respective personal representatives, other legal representatives, heirs,
      successors, and permitted assigns. Subject to the rights of Purchaser’s
      affiliates under the Noncompete Agreements, nothing in this Agreement is
      intended to relieve or discharge the obligations or liability of any third
      person to any party to this Agreement, nor shall any provision give any
      third person any right of subrogation or action over or against any party
      to this Agreement.

	 	 
	6.14. 	
      The provisions of this Agreement may be amended,
      supplemented, waived or changed only by a written document signed by the
      party as to whom enforcement of any such amendment, supplement, waiver or
      modification is sought and making specific reference to this
    Agreement.

	 	 
	6.15. 	
      The Seller has dealt with a broker in this transaction,
      and Seller shall be solely liable for payment of any commission due to
      such broker. Each of the parties represents and warrants that, other than
      the previously identified broker, neither party has dealt with any other
      broker or finder in connection with any of the transactions contemplated
      in this Agreement, and, insofar as that party knows, no other broker or
      person is entitled to any commission or finder's fee in connection with
      any of these transactions. Each party shall indemnify the other against
      any loss, liability, damage, cost, claim or expense that
  the

5 

other party incurs by reason of any other brokerage commission
or finder's fee alleged to be payable because of any act, omission, or statement
of the indemnifying party. 

The parties are entering this Agreement on the date stated in
the first paragraph. 

	MEDICAL RESOURCES, INC.: 	PREMIER MEDICAL SERVICES, 
	  	LLC: 
	By: /s/ Hunter Reynolds 	  
	(signature) 	By: /s/ James Gaetz 
	Print Name: Hunter Reynolds 	(signature) 
	  	Print Name: James Gaetz 
	Its: President 	  
	  	Its: President 

	State of Virginia}} ss:	 
	County of Virginia }}	 
	
      The foregoing document was acknowledged before me this
      7th day of March, 2007, by Hunter Reynolds, in the capacity represented
      above, who is personally known to me or who has produced VADL as
      identification and who (did / did not) [circle one] take an oath. WITNESS
      my hand and official seal in the County and State last aforesaid this 7th
      day of March, 2007. 

	(SEAL) 	/s/ Angela Beck 
	My Commission Expires: September 30, 2008 	         (signature)
    
	  	Print Name: Angela Beck 
	  	Notary Public, State of Virginia

	State of Florida}} ss: 		  	  
	County of    }} 	        	  	  
	
      The foregoing document was acknowledged before me this
      day of March, 2007, by James Gaetz, in the capacity represented above, who
      is personally known to me or who has produced as identification and who
      (did / did not) [circle one] take an oath. WITNESS my hand and official
      seal in the County and State last aforesaid this ___ day of March,
      2007.

	(SEAL) 	 
    
	My Commission Expires: 	           
                       (signature)
    
	  	Print Name: 
	  	Notary Public, State of __________________________

6 

SCHEDULE A 

The Assets 

The Assets consist of: 

          []
  SELLER TO LIST ACCOUNTS

          ,
  together with all customer agreements for such accounts. 

	 	MEDICAL RESOURCES, INC.: 	 	 	PREMIER MEDICAL SERVICES, 
	 	  	 	 	LLC: 
	 	  	 	 	  
	By: 	 	 	 	  
	 	(signature) 	 	By: 	 
	 	Print Name: Hunter Reynolds 	 	 	(signature) 
	 	  	 	 	Print Name: James Gaetz 
	 	Its: President 	 	 	  
	 	  	 	 	Its: President 

	Seller Address: 	 
	[]	 
	  	 
	 	 
	 	 
	 	 

SCHEDULE 3.2. a
Form of Assignment
(see attachment)Filed by Automated Filing Services Inc. (604) 609-0244 - Banyan Corporation - Exhibit 10.30

ASSIGNMENT 

          THIS
  ASSIGNMENT (the “Assignment”) is dated as of the 12th day of
  March, 2007, is entered by Medical Resources, Inc., a Virginia corporation (“ASSIGNOR”)
  in favor of Premier Medical Services, LLC, a Florida limited liability company
  (the “ASSIGNEE”). 

          Assignor
  is selling certain assets to the Assignee pursuant to a certain Purchase and
  Sale Agreement entered by the parties contemporaneously with this Agreement
  (the “Purchase Agreement”) and subject to the terms and conditions
  of that Purchase Agreement. 

          For
  good and valuable consideration, the receipt and adequacy of which are hereby
  acknowledged, the parties agree as follows: 

          Subject
  to, and in accordance with the Purchase Agreement, ASSIGNOR hereby assigns,
  transfers, and conveys to ASSIGNEE all of its right, title, and interest in
  and to all accounts and other assets and rights as listed in Schedule A attached
  to the Purchase Agreement (a copy of which schedule is affixed hereto). 

          ASSIGNOR
  hereby agrees from time to time to execute and deliver such further and other
  transfer, assignments and documents and do all matters and things which may
  be convenient or necessary as the ASSIGNEE may periodically request to more
  effectively and completely carry out the intentions of this Assignment. 

          IN
  WITNESS WHEREOF, the undersigned has executed and delivered this Assignment
  as of the day and year first above written. 

	 	ASSIGNOR: 
	 	MEDICAL RESOURCES, INC. 
	 	By: /s/ Hunter Reynolds 
	 	                        (signature)
    
	 	Print Name: Hunter Reynolds 
	 	Its: President 

State of Virginia}} ss: 

  County of Virginia                   
  }} 

          The
  foregoing document was acknowledged before me this 7th day of March, 2007, by
  HUNTER REYNOLDS, in the capacity represented above, who is personally known
  to me or who has produced VADL as identification and who (did / did not) [circle
  one] take an oath. 

          WITNESS
  my hand and official seal in the County and State last aforesaid this 7th day
  of March, 2007. 

	  	/s/ Angela Beck 
	  	       (signature) 
	  	Print Name: Angela Beck 
	  	Notary Public, State of Virginia 
	          (SEAL)
    	My commission expires: September 30, 2008

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