Document:

EXHIBIT 4.35

Date: October 18, 2007

The undersigned, each of which is a party to that certain Asset Purchase
Agreement (the "AGREEMENT"), dated January 16, 2007, by and among Healthcare
Technologies Ltd., an Israeli company, Nexgen Biofuels, Inc., a Delaware
corporation, MAC Bioventures, Inc., a Belize corporation and Gamida For Life,
B.V., a Netherlands corporation, as amended, hereby agree that the date "October
31, 2007" which appears in Sections 1.65 and 12.1.2 of the Agreement shall be
deemed to read "December 31, 2007".

In all other respects, all other terms and conditions of the Agreement remain in
full force and effect.

We hereby agree to the above:

                                                   HEALTHCARE TECHNOLOGIES LTD.,
                                                   an Israeli company

                                                   By:    ______________________
                                                   Name:  ______________________
                                                   Title: ______________________

                                                   NEXGEN BIOFUELS, INC.,
                                                   a Delaware corporation

                                                   By:    ______________________
                                                   Name:  ______________________
                                                   Title: ______________________

                                                   MAC BIOVENTURES, INC.
                                                   a Belize corporation

                                                   By:    ______________________
                                                   Name:  ______________________
                                                   Title: ______________________

                                                   GAMIDA FOR LIFE, B.V.,
                                                   a Netherlands corporation

                                                   By:    ______________________
                                                   Name:  ______________________
                                                   Title: ______________________ex4-1.htm

    
      Exhibit
        4.1

       

      WARRANT
        CLARIFICATION AGREEMENT

    

    
      

    

    
      This
        Warrant Clarification Agreement
        (this ‘‘Agreement’’), dated January 4, 2008, is to the Warrant Agreement, dated
        as of March 3, 2006 (the
‘‘Warrant
        Agreement’’), by and
        between India Globalization Capital, Inc., a Delawarecorporation
        (‘‘Company’’), and
        Continental Stock Transfer & Trust Company, a New Yorkcorporation
        (‘‘Warrant Agent’’).

    

    
      

    

    
      WHEREAS,
        Section 3.3.2 of the Warrant Agreement
        provides that Company shall not be obligated to deliver any securities pursuant
        to the exercise of a warrant unless a registration statement under the
        Securities Act of 1933, as amended (‘‘Securities Act’’), with respect to the
        common stock is effective.

    

    
      

    

    
      WHEREAS,
        in furtherance of the foregoing, the
        Company’s final prospectus, dated March 3, 2006, indicated (i) that no warrant
        would be exercisable unless at the time of exercise a prospectus relating
        to the
        common stock issuable upon exercise of the warrant is current and the common
        stock has been registered under the Securities Act or qualified or deemed
        to be
        exempt under the securities laws of the state of residence of the holder
        of the
        warrant and (ii) that the warrant may be deprived of any value and the market
        for the warrant may be limited if the prospectus relating to the common stock
        issuable upon the exercise of the warrant is not current or if the common
        stock
        is not qualified or exempt from qualification in the jurisdictions in which
        the
        holder of the warrant resides.

    

    
      

    

    
      WHEREAS,
        as a result of certain questions that
        have arisen regarding the accounting treatment applicable to the warrants,
        the
        parties hereto deem it necessary and desirable to amend the Warrant Agreement
        to
        clarify that the registered holders do not have the right to receive a net-cash
        settlement in the event the Company does not maintain a current prospectus
        relating to the common stock issuable upon exercise of the warrants at the
        time
        such warrants are exercisable.

    

    
      

    

    
      NOW,
        THEREFORE, in consideration
        of the mutual
        agreements contained herein and other good and valuable consideration, the
        receipt and sufficiency of which are hereby acknowledged, and intending to
        be
        legally bound hereby, the parties hereto agree to amend the Warrant Agreement
        as
        set forth herein.

    

    
      

    

    
      1.    Warrant
        Agreement. The Warrant
        Agreement is hereby clarified by adding the following sentences at the end
        of
        Section 3.3.2:

    

    
      

    

    
      ‘‘In
        no event shall the Company
        be obligated to settle any Warrant, in whole or in part, for cash.
        Notwithstanding any language to the contrary herein, any and all Warrants
        can
        expire unexercised or unredeemed.

    

    
      

    

    
      2.    Miscellaneous.

    

    
      

    

    
      (a)    Governing
        Law. The validity,
        interpretation, and performance of this Agreement and of the Warrants shall
        be
        governed in all respects by the laws of the State of Maryland,
        without giving effect to conflicts of
        law principles that would result in the application of the substantive laws
        of
        another jurisdiction. The Company hereby agrees that any action, proceeding
        or
        claim against it arising out of or relating in any way to this Agreement
        shall
        be brought and enforced in the courts of the State of Maryland or the United
        States District Court for the District of Maryland, and irrevocably submits
        to
        such jurisdiction, which jurisdiction shall be exclusive. The Company hereby
        waives any objection to such exclusive jurisdiction and that such courts
        represent an inconvenient forum. Any such process or summons to be served
        upon
        the Company may be served by transmitting a copy thereof by registered or
        certified mail, return receipt requested, postage prepaid, addressed to it
        at
        the address set forth in Section 9.2 of the Warrant Agreement. Such mailing
        shall be deemed personal service and shall be legal and binding upon the
        Company
        in any action, proceeding or claim.

    

    
      

    

    
      (b)    Binding
        Effect. This Agreement
        shall be binding upon and inure to the benefit of the parties hereto and
        to
        their respective heirs, legal representatives, successors and assigns.

    

    
      

    

    
      (c)    Entire
        Agreement. This Agreement
        sets forth the entire agreement and understanding between the parties as
        to the
        subject matter thereof and merges and supersedes all prior discussions,
        agreements and understandings of any and every nature among them. Except
        as set
        forth in this Agreement,
        provisions of the Warrant
        Agreement which are not inconsistent with this Agreement shall remain in
        full
        force and effect. This Agreement may be executed in counterparts.

    

    
      

    

    
      (d)    Severability.
        This Agreement shall be deemed
        severable, and the invalidity or unenforceability of any term or provision
        hereof shall not affect the validity or enforceability of this Agreement
        or of
        any other term or provision hereof. Furthermore, in lieu of any such invalid
        or
        unenforceable term or provision, the parties hereto intend that there shall
        be
        added as part of this Agreement a provision as similar in terms to such invalid
        or unenforceable provision as may be possible and be valid and
        enforceable.

    

    

    

    [SIGNATURE
      PAGE FOLLOWS]

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      IN
        WITNESS WHEREOF, the parties hereto
        have executed this Warrant Clarification Agreement as of the date first written
        above.

    

    
      

    

    
      

    

    
      INDIA
        GLOBALIZATION CAPITAL, INC.

    

    
      

    

    
      

    

    
      By:  /s/Ram
        Mukunda__________________

    

    
              Name:
        Ram Mukunda

    

    
                Title: President

    

    
      

    

    
      

    

    
      

    

    
      CONTINENTAL
        STOCK TRANSFER & TRUST COMPANY

    

    
      

    

    
      

    

    
      By:  /s/Steven
        Nelson__________________

    

    
              Name:
        Steven Nelson

    

    
                Title: Chairmanex4-2.htm

    
      Exhibit
        4.2

       

      AMENDMENT
        TO

    

    
      UNIT
        PURCHASE OPTIONS

    

    
      

    

    
      This
        AMENDMENT TO UNIT PURCHASE OPTIONS
        (this ‘‘Amendment’’), dated January 4, 2008, is made by and between India
        Globalization Capital, Inc. (the ‘‘Company’’) and Ferris, Baker Watts,
        Incorporated (‘‘FBW’’).

    

    
      

    

    
      WHEREAS,
        the Company initially issued
        that certain Unit Purchase Option, dated March 8, 2006 (the ‘‘Initial Unit
        Purchase Option’’) to FBW in connection with the Company’s initial public
        offering; and

    

    
      

    

    
      WHEREAS,
        in January 2007 FBW tendered
        the Initial Unit Purchase Option to the Company for reissuance to a number
        of
        holders (the “Holders”), and the Company issued those certain Unit Purchase
        Options listed on Schedule
        1(the “Replacement Unit
        Purchase Options”) to the holders set forth on Schedule 1; and

    

    
      

    

    
      WHEREAS,
        the Replacement Unit Purchase
        Options provide that they may be amended by the Company and FBW without
        the approval of the Holders thereof in order to cure any ambiguity, to correct
        or supplement any provision contained therein that may be defective or
        inconsistent with any other provisions therein, or to make any other provisions
        in regard to matters or questions arising hereunder that the Company and
        FBW may
        deem necessary or desirable and that the Company and FBW deem shall not
        adversely affect the interest of the Holders; and.

    

    
      

    

    
      WHEREAS,
        the parties hereto have agreed
        that the Replacement Unit Purchase Options be amended as set forth herein
        to
        clarify the understanding between the parties with respect to the terms of
        the
        Initial Unit Purchase Option effective as of the date of their issuance and
        have
        determined that such amendments shall not adversely affect the interest
        of the Holders.

    

    
      

    

    
      NOW,
        THEREFORE, in consideration of the
        premises and of the agreements contained herein, the parties hereto hereby
        agree
        as follows:

    

    
      

    

    
      1.    The
        Replacement Unit Purchase Options are hereby amended by adding the following
        new
        Section 5.1.3 to such Unit Purchase Options:

    

    
      

    

    
      ”5.1.3.
No
        Cash Settlement
        Option. The Company is only required to use its best efforts to cause a
        registration statement covering issuance of the Registrable Securities to
        be
        declared effective, and once effective, only to use its best efforts to maintain
        the effectiveness of the registration statement. The Company will not be
        obligated to deliver any Registrable Securities, and there are no contractual
        penalties for failure to deliver any such securities, if a registration
        statement is not effective at the time of exercise. The failure or inability
        of
        the Company to maintain the effectiveness of such registration statement
        shall
        not in any way prevent the expiration of this Purchase Option on the Expiration
        Date. Additionally, in no event is the Company obligated to settle any Purchase
        Option, in whole or in part, for cash.”

    

    
      

    

    
      2.    Section
        5.3 of
        the Replacement Unit Purchase Options is hereby deleted in its entirety and
        replaced by the following:

    

    
      

    

    
      “ 5.3
Damages.
Intentionally
        omitted.”

    

    
      

    

    
      3.    Upon
        the due
        execution and delivery of this Amendment by the parties hereto, on and after
        the
        date hereof each reference in the Replacement Unit Purchase Options to this
        ‘‘Purchase Option’’, ‘‘hereunder’’, ‘‘hereof’’, ‘‘herein’’ or words of like
        import referring to the Replacement Unit Purchase Options shall mean and
        be a
        reference to the Replacement Unit Purchase Options, as amended hereby. Except
        as
        specifically amended above, the Replacement Unit Purchase Options shall remain
        in full force and effect and is hereby ratified and confirmed.

    

    
      

    

    
      4.    This
        Amendment
        may be executed in one or more counterparts, and by the different parties
        hereto
        in separate counterparts, each of which shall be deemed to be an original,
        but
        all of which taken together shall constitute one and the same agreement,
        and
        shall become effective when one or more counterparts has been signed by each
        of
        the parties hereto and delivered to each of the other parties hereto.

    

    

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the
      parties have executed this AMENDMENT TO UNIT PURCHASE OPTIONS as of the date
      first set forth above.

    
      

    

    
      

    

    
      INDIA
        GLOBALIZATION CAPITAL, INC.

    

    
      

    

    
      

    

    
      By:  /s/
        Ram Mukunda___________________

    

    
              Name:
        Ram Mukunda

    

    
        
              Title:  President

    

    
      

    

    
       

    

    
      FERRIS,
        BAKER WATTS, INCORPORATED

    

    
      

    

    
      

    

    
      By:  /s/
        Scott T. Bass_______________

    

    
              Name:
        Scott T. Bass

    

    
                Title:
        Vice President

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    
       

      Schedule
        1

    

    
      

    

    
      

    

    
      	
              Holder

            	
              UPO
                Units

            
	
              Ferris,
                Baker Watts, Incorporated

            	
              151,250

            
	
              Richard
                K. Prins

            	
              71,250

            
	
              Scott
                T. Bass

            	
              22,500

            
	
              Christopher
                A. Freeman

            	
              15,000

            
	
              Craig
                A. Ascari

            	
              15,000

            
	
              Merriman
                Curhan Ford & Co.

            	
              35,000

            
	
              JDA
                Investment Management LLC

            	
              15,000

            
	
              Ladenburg
                Thalmann & Co. Inc.

            	
              175,000

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