Document:

Exhibit 10.18.6

THIS CHARGE OVER SHARES dated     29th  October 2003 is made as a deed

BETWEEN

1.       INYX, INC.  (incorporated  in Nevada,  United States of America) of 9th
         Floor, 801 Brickell Avenue, Miami, Florida 33131, the "Chargor"

AND

2.       LAURUS MASTER FUND,  LTD.  (incorporated  in The Cayman Islands) of c/o
         Ironshore Corporate Services Ltd, P.O. Box 1234 G.T., Queensgate House,
         South Church  Street,  Grand Cayman,  Cayman Islands  ("Laurus",  which
         expression includes its successors in title and assigns).

NOW THIS DEED WITNESSES  as follows:-

1.       Interpretation

1.1      Definitions

         In this deed:-

         "Business Day" means a day (other than a Saturday or a Sunday) on which
         banks are open for business in London and New York.

         "Charge" means all or any of the Security created,  or which may at any
         time be created, by or pursuant to this deed.

         "Charged  Property" means the Original  Shares,  any Further Shares and
         any Derived Assets. It does not include any Stiefel Shares.

         "Delegate"  means a delegate  or  sub-delegate  appointed  pursuant  to
         clause 11.3.

         "Derived  Assets"  means  all  Shares,  rights or other  property  of a
         capital nature which accrue or are offered,  issued or paid at any time
         (by  way  of   bonus,   rights,   redemption,   conversion,   exchange,
         substitution,  consolidation, subdivision, preference, warrant, option,
         purchase or otherwise) in respect of:-

         (A)      the Original Shares; or

         (B)      any Further Shares; or

         (C)      any  Shares,  rights or other  property  previously  accruing,
                  offered, issued or paid as mentioned in this definition.

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         "Dividends"  means all  dividends,  interest  and other  income paid or
         payable in respect of the Original  Shares,  any Further  Shares or any
         Derived Assets.

         "Event of Default" has the meaning given to that  expression in Article
         IV of the Note.

         "Further  Shares" means all Shares (other than the Original  Shares and
         any Shares  comprised  in any  Derived  Assets)  which the  Chargor and
         Laurus may at any time agree  shall be subject to the  Charge.  It does
         not include any Stiefel Shares.

         "LPA" means the Law of Property Act 1925.

         "Note" means the  Convertible  Term Note signed on or about the date of
         this  document by which each of the  Chargor  and Inyx  Pharma  Limited
         jointly and severally promise to pay Laurus the sum of US $4,500,000 on
         and subject to the terms and conditions therein set out.

         "Original Shares" means the Shares listed in schedule 1.

         "Proceedings" means any proceeding, suit or action arising out of or in
         connection with this deed.

         "Rights"  means  rights,  benefits,  powers,  privileges,  authorities,
         discretions and remedies (in each case, of any nature whatsoever).

         "Secured Liabilities" means

         (a)      each and every present and future  obligation and liability of
                  the Chargor  (whether  actual or  contingent  and whether owed
                  jointly or  severally  or in any other  capacity  whatever and
                  whether  direct  or  owed  by  contribution  or  indemnity  or
                  otherwise  howsoever)  which is, or is expressed to be, or may
                  become,  due,  owing or payable to Laurus  upon any banking or
                  trading account or otherwise,  and whether or not Laurus shall
                  have been an original party to the relevant transaction, under
                  any Security Document;

         (b)      all interest, costs,  commissions,  fees and other charges and
                  expenses which are, or are expressed to be, or may become due,
                  owing or  payable  by the  Chargor  at any time to  Laurus  in
                  respect of any Security Document; and

         (c)      all legal and other costs,  charges and expenses  which Laurus
                  may incur in enforcing or obtaining,  or attempting to enforce
                  or  obtain,  payment  of any  obligation,  liability  or money
                  referred to in paragraphs (a) and (b) above.

         "Security"   includes   any   mortgage,   fixed  or  floating   charge,
         encumbrance,   lien,  pledge,  hypothecation,   assignment  by  way  of
         security,  or title  retention  arrangement  (other  than in respect of

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         goods purchased in the ordinary  course of trading),  and any agreement
         or  arrangement  having  substantially  the same  economic or financial
         effect as any of the  foregoing  (including  any "hold back" or "flawed
         asset" arrangement).

         "Security  Documents" means the Note,  Related Agreements (as that term
         is defined in the Purchase Agreement defined in the Note) and any other
         documents pursuant to which the Company may at any time incur liability
         to  Laurus  in  respect  of any  borrowing,  financing  arrangement  or
         otherwise.

         "Shares" means stocks,  shares and other securities of any kind of Inyx
         Pharma Limited.

         "Stiefel  Note" means the 6%  convertible  promissory  note due 6 March
         2007,  dated 6 March 2003 and made  between  Inyx  Pharma  Limited  and
         Stiefel Laboratories, Inc.

         "Stiefel Shares" means:

         (a)      any shares (not  exceeding 20% of the  Company's  total issued
                  share capital at any time) issued or that may be issued in the
                  future  by Inyx  Pharma  Limited  or the  Chargor  under or in
                  accordance with the Stiefel Note:

         (b)      any Rights attaching to such Shares; and

         (c)      any Derived  Assets  deriving from such Stiefel Shares so long
                  as the percentage of the Company's  total issued share capital
                  at any time represented by Stiefel Shares does not exceed 20%.

         "Tax" includes any present or future tax, levy,  impost,  duty, charge,
         fee,  deduction  or  withholding  of any  nature,  and any  interest or
         penalty in respect thereof.

         "Working Hours" means 9.30 a.m. to 5.30 p.m. on a Business Day.

1.2      References and Construction

         (A)      In this deed, unless otherwise specified:-

                  (i)      references to clauses and schedules are to clauses of
                           and schedules to this deed;

                  (ii)     headings to clauses are for convenience  only and are
                           to be ignored in construing this deed;

                  (iii)    references to a "person" are to be construed so as to
                           include any individual,  firm,  company,  government,
                           state  or  agency  of a  state,  local  or  municipal
                           authority,  or  any  joint  venture,  association  or
                           partnership  (whether  or not having  separate  legal
                           personality);

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                                       4

                  (iv)     references  to a "company"  are to be construed so as
                           to include  any  company,  corporation  or other body
                           corporate,   wherever  and  however  incorporated  or
                           established;

                  (v)      references to any statute or statutory  provision are
                           to be  construed as a reference to the same as it may
                           have  been,  or may from  time to time  be,  amended,
                           modified or re-enacted, and include references to all
                           bye-laws, instruments, orders and regulations for the
                           time  being  made  thereunder  or  deriving  validity
                           therefrom; and

                  (vi)     an Event of  Default  is  "continuing"  if it has not
                           been remedied or waived.

         (B)      Except to the extent that the context otherwise requires,  any
                  reference  in this  deed to  "this  deed" or any  other  deed,
                  agreement or instrument is a reference to this deed or, as the
                  case may be, the relevant  deed,  agreement or  instrument  as
                  amended,  supplemented,  replaced or novated from time to time
                  and  includes  a  reference  to  any  document  which  amends,
                  supplements,  replaces,  novates or is entered  into,  made or
                  given  pursuant to or in  accordance  with any of the terms of
                  this deed or, as the case may be, the relevant deed, agreement
                  or instrument.

1.3      Stiefel Note and Stiefel Shares

         Notwithstanding  any other provision of this Deed, this Deed is entered
         into subject to the  provisions  of the Stiefel  Note.  Nothing in this
         Deed creates, now or the future, any Security or affects in any way the
         rights or  obligations of Inyx Pharma  Limited,  the Chargor or Stiefel
         Laboratories,  Inc.  under or  concerning  any  Stiefel  Shares  or the
         Stiefel Note.

2.       Covenant to Pay

         The  Chargor  covenants  with Laurus to pay and  discharge  all Secured
         Liabilities  at  the  time  or  times  when,  and in  the  currency  or
         currencies  in which,  the same are  expressed to be payable  under the
         Note, this deed or, as the case may be, any other document  relating to
         the Secured Liabilities.

3.       Charge

         The Chargor,  with full title guarantee and as continuing  security for
         the payment and discharge of all Secured  Liabilities,  charges all its
         Rights,  title and  interest in and to the  Charged  Property by way of
         first fixed charge in favour of Laurus.

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                                       5

4.       Covenant to Deposit and Further Assurances

4.1      Original Shares and Further Shares

         The Chargor shall,  immediately after the execution of this deed in the
         case of the  Original  Shares,  and  within two  Business  Days of each
         occasion on which  Laurus and the Chargor  agree that any Shares  shall
         become Further Shares, deposit with Laurus:-

         (A)      all  share   certificates,   documents   of  title  and  other
                  documentary  evidence of ownership in relation to such Shares;
                  and

         (B)      transfers  of such Shares duly  executed by the Chargor or its
                  nominee  with the name of the  transferee  left  blank  or, if
                  Laurus  so  requires,  duly  executed  by the  Chargor  or its
                  nominee in favour of Laurus (or Laurus'  nominee) and stamped,
                  and such other  documents as the may require to enable  Laurus
                  (or Laurus'  nominee) or, after the  occurrence of an Event of
                  Default that is continuing,  any purchaser to be registered as
                  the owner of, or  otherwise  to obtain  legal  title to,  such
                  Shares.

4.2      Derived Assets

         The Chargor shall, to the extent possible,  deliver or pay to Laurus or
         procure the delivery or payment to Laurus of:

         (A)      all  such   Derived   Assets   or  the   share   certificates,
                  renounceable certificates,  letters of allotment, documents of
                  title and other documentary  evidence of ownership in relation
                  to them; and

         (B)      transfers of any Shares  comprised in such Derived Assets duly
                  executed by the  Chargor or its  nominee  with the name of the
                  transferee  left blank or, if Laurus so requires  following an
                  Event of Default  that is  continuing,  duly  executed  by the
                  Chargor  or its  nominee  in  favour  of  Laurus  (or  Laurus'
                  nominee) and stamped,  and such other  documents as Laurus may
                  require to enable  Laurus (or Laurus'  nominee)  or, after the
                  occurrence  of an Event of  Default  that is  continuing,  any
                  purchaser  to be  registered  as the owner of, or otherwise to
                  obtain  legal title to, the Shares  comprised  in such Derived
                  Assets, within 10 Business Days of their creation.

                  This clause 4.2 (Derived  Assets) does not apply to nor affect
                  any Stiefel Shares in any way.

4.3      Further Assurances

         In addition to and without prejudice to anything else contained in this
         deed, the Chargor shall, at the reasonable request of Laurus but at its

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         own  cost,  promptly  execute  and  do  all  such  deeds,  instruments,
         transfers, renunciations, proxies, notices, documents, assurances, acts
         and  things  in such form as  Laurus  may from time to time  reasonably
         require:

         (A)      for  perfecting,  preserving or  protecting  the Charge or the
                  priority of the Charge; and

         (B)      for facilitating the realisation of the Charge or the exercise
                  of any Rights vested in Laurus.

         The  obligations  of the  Chargor  under  this  clause  4.3 shall be in
         addition  to and not in  substitution  for the  covenants  for  further
         assurance  deemed to be  included  in this deed by virtue of the Law of
         Property (Miscellaneous Provisions Act) 1994.

5.       Representations and Warranties

         The Chargor represents and warrants to Laurus that:-

         (A)      it is the sole  legal  and  beneficial  owner  of the  Charged
                  Property;

         (B)      no Security  (other  than the Charge)  exists on, over or with
                  respect to any of the Charged Property;

         (C)      it has not sold, transferred,  lent, assigned, parted with its
                  interest in,  disposed of, granted any option in respect of or
                  otherwise dealt with any of its Rights,  title and interest in
                  and  to  the  Charged  Property,  or  agreed  to do any of the
                  foregoing (otherwise than pursuant to this deed);

         (D)      the  Original  Shares,  any  Further  Shares  and  any  Shares
                  comprised in any Derived Assets (excluding the Stiefel Shares)
                  are  fully  paid  and  there  are  no  moneys  or  liabilities
                  outstanding in respect of any of the Charged Property;

         (E)      the  Original  Shares,  any  Further  Shares  and  any  Shares
                  comprised in any Derived Assets (excluding the Stiefel Shares)
                  have been duly authorised and validly issued and are free from
                  any restrictions on transfer or rights of pre-emption;

         (F)      the Original  Shares,  together  constitute  the entire issued
                  share capital of Inyx Pharma Limited;

         (G)      it has the power to enter  into,  and  perform and comply with
                  its obligations under, this deed, and to create the Charge;

         (H)      all  actions,  conditions  and  things  required  to be taken,
                  fulfilled and done  (including  the obtaining of any necessary
                  consents) in order to,

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                  (i)      enable it  lawfully  to enter  into,  and perform and
                           comply with its obligations under, this deed,

                  (ii)     ensure  that  those  obligations  are  valid,  legal,
                           binding and enforceable,

                  (iii)    permit the  creation  of the  Charge and ensure  that
                           (subject to all necessary registrations thereof being
                           made)  the  Charge  is a valid,  legal,  binding  and
                           enforceable  first  fixed  charge  over  the  Charged
                           Property  ranking in priority to the interests of any
                           secured or unsecured creditor of the Chargor, and

                  (iv)     make this deed  admissible  in evidence in the courts
                           of England.

                  have been taken fulfilled and done.

         (I)      the obligations of the Chargor under this deed and (subject to
                  all necessary registrations thereof being made) the Charge are
                  and will be until fully discharged valid,  legal,  binding and
                  enforceable  and the Charge  constitutes  a first fixed charge
                  over the Charged Property ranking in priority to the interests
                  of any secured or unsecured creditor against the Chargor.

6.       Covenants

         The Chargor shall:-

         (A)      not  create,  attempt  to  create or  permit  to  subsist  any
                  Security  (other than the Charge) on, over or with  respect to
                  any of the Charged Property;

         (B)      not sell,  transfer,  lend, assign, part with its interest in,
                  dispose of, grant any option in respect of or  otherwise  deal
                  with  any of its  Rights,  title  and  interest  in and to the
                  Charged  Property,  or  agree  to  do  any  of  the  foregoing
                  (otherwise than pursuant to this deed);

         (C)      not  take or omit to take any  action  which  act or  omission
                  could  adversely  affect or  diminish  the value of any of the
                  Charged Property;

         (D)      ensure that the Original  Shares,  any Further  Shares and any
                  Shares comprised in any Derived Assets  (excluding the Stiefel
                  Shares) are free from any restriction on transfer or rights of
                  pre-emption;

         (E)      take all  action  within  its power to  procure,  maintain  in
                  effect and  comply  with all the terms and  conditions  of all
                  approvals,   authorisations,    consents   and   registrations
                  necessary or appropriate for anything provided for on its part
                  in this deed;

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                                       8

         (F)      ensure that the Charge will at all times be legally  valid and
                  binding;

         (G)      without  prejudice to clause 5(D),  punctually  pay all calls,
                  subscription  moneys and other moneys payable on or in respect
                  of  any  of  the  Charged  Property  and  indemnify  and  keep
                  indemnified   Laurus  and  its  nominees  against  any  costs,
                  liabilities  or expenses  which it or they may suffer or incur
                  as a result of any failure by the Chargor to pay the same;

         (H)      promptly deliver to Laurus all such information concerning the
                  Charged Property as Laurus may reasonably request from time to
                  time;

         (I)      not take any  action or  procure  the  taking of any action to
                  increase  the  issued  share  capital of Inyx  Pharma  Limited
                  without the prior consent of Laurus,  nor otherwise to take or
                  omit  to  take  any  action  which  would  render  any  of the
                  representations  and warranties given by the Chargor to Laurus
                  pursuant to clause 5 incorrect or untrue,  provided  that this
                  paragraph  shall not apply with respect to any action taken by
                  the Chargor in pursuance of its obligations  under the Stiefel
                  Note or any related agreements with Stiefel.

7.       Chargor's Rights before Enforcement

         Until  the  Charge  shall  become  enforceable,  the  Chargor  shall be
         entitled to:-

         (A)      receive and retain free from the Charge any Dividends  paid to
                  it; and

         (B)      exercise  and  control  the  exercise  of all voting and other
                  Rights relating to the Charged Property provided that:

                  (i)      the entitlement of the Chargor under this clause 7(B)
                           may at any time be terminated  upon and to the extent
                           of any  notice by Laurus  to the  Chargor  evidencing
                           Laurus' intention  thenceforth to direct the exercise
                           of such  Rights  for the  purpose of  preserving  the
                           value of the Charge; and

                  (ii)     the  exercise or failure to  exercise  any voting and
                           other Rights by the Chargor has no adverse  effect on
                           the  value  of the  Charged  Property  or in any  way
                           prejudices the interests of Laurus.

8.       Enforcement

8.1      Charge shall become Enforceable

         The  Charge  shall  become  enforceable,  and the powers  conferred  by
         section  101 of the LPA as varied  and  extended  by this deed shall be
         exercisable,  upon and at any time after the  occurrence of an Event of
         Default that is continuing.

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8.2      Section 101 LPA

         The powers  conferred by section 101 of the LPA, as varied and extended
         by this  deed,  shall  be  deemed  to have  arisen  immediately  on the
         execution of this deed.

8.3      Sections 93 and 103 LPA

         Sections 93 and 103 of the LPA shall not apply to this deed.

9.       Dealings with Charged Property on Enforcement

9.1      Rights of Laurus

         At any time after the Charge has become enforceable,  Laurus shall have
         the right, without any notice to or consent of the Chargor:-

         (A)      Charged Property

                  to take any steps  necessary to vest all or any of the Charged
                  Property  in the  name of  Laurus  or its  nominee  (including
                  completing  any  transfers  of  any  Shares  comprised  in the
                  Charged Property) and to receive and retain any Dividends;

         (B)      Sell

                  to sell, exchange,  convert into money or otherwise dispose of
                  or realise the Charged  Property  (whether by public  offer or
                  private  contract)  to any person  and for such  consideration
                  (whether  comprising  cash,  debentures or other  obligations,
                  Shares  or other  valuable  consideration  of any kind) and on
                  such terms (whether payable or deliverable in a lump sum or by
                  instalments)  as it may think  fit,  and for this  purpose  to
                  complete any transfers of the Charged Property;

         (C)      Voting Rights

                  to  exercise  or direct the  exercise  of all voting and other
                  Rights  relating to the Charged  Property in such manner as it
                  may think fit;

         (D)      Claims

                  to  settle,  adjust,  refer  to  arbitration,  compromise  and
                  arrange any claims, accounts,  disputes, questions and demands
                  relating in any way to the Charged Property;

         (E)      Legal actions

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                                       10

                  to bring,  prosecute,  enforce,  defend and  abandon  actions,
                  suits and proceedings in relation to the Charged Property; and

         (F)      Other Rights

                  to do all such other acts and things it may consider necessary
                  or expedient for the  realisation  of the Charged  Property or
                  incidental  to the exercise of any of the Rights  conferred on
                  it under or in  connection  with  this  deed or the LPA and to
                  concur in the doing of  anything  which it has the Right to do
                  and to do any such thing jointly with any other person.

9.2      Obligations of Chargor

         After the Charge has become enforceable:-

         (A)      all Dividends shall be paid to and retained by Laurus, and any
                  such  moneys  which  may be  received  by the  Chargor  shall,
                  pending such payment, be segregated from any other property of
                  the Chargor and held in trust for Laurus; and

         (B)      the Chargor  shall  procure  that all voting and other  Rights
                  relating to the Charged  Property are  exercised in accordance
                  with  such  instructions  (if any) as may from time to time be
                  given to the Chargor by Laurus,  and the Chargor shall deliver
                  to Laurus  such forms of proxy or other  appropriate  forms of
                  authorisation  to enable  Laurus to  exercise  such voting and
                  other Rights.

10.      Application of Moneys

         All moneys arising from the exercise of the powers of enforcement under
         this deed shall (except as may be otherwise required by applicable law)
         be held and applied in the  following  order of priority  (but  without
         prejudice  to the right of Laurus to  recover  any  shortfall  from the
         Chargor):-

         (A)      in or towards the payment or  discharge of such of the Secured
                  Liabilities in such order as Laurus in its absolute discretion
                  may from time to time determine; and

         (B)      after all the Secured Liabilities have been paid or discharged
                  in full,  in  payment of any  surplus to the  Chargor or other
                  person entitled to it.

11.      General Rights of Laurus

11.1     Redemption of Security

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                                       11

         Laurus may at any time redeem any  Security  over the Charged  Property
         having priority to the Charge or procure the transfer thereof to Laurus
         and may settle the accounts of  encumbrancers.  Any accounts so settled
         shall be  conclusive  and binding on the Chargor.  The Chargor shall on
         demand pay to Laurus all principal moneys,  interest,  costs,  charges,
         losses,  liabilities  and  expenses  of  and  incidental  to  any  such
         redemption or transfer.

11.2     New Account

         At any time following:

         (A)      Laurus receiving notice (either actual or constructive) of any
                  subsequent Security affecting the Charged Property or,

         (B)      the   commencement   of   the   insolvency,    administration,
                  reorganisation,   liquidation  or   dissolution   of,  or  any
                  analogous proceeding in respect of, the Chargor,

         Laurus may open a new  account in the name of the  Chargor  (whether or
         not it permits any existing account to continue).

         If Laurus does not open such a new account,  it shall  nevertheless  be
         treated as if it had done so at the time when the  notice was  received
         or was  deemed  to have  been  received  or,  as the case  may be,  the
         insolvency, administration, reorganisation, liquidation, dissolution or
         other  proceeding  commenced.  Thereafter,  all  payments  made  by the
         Chargor to Laurus or  received by Laurus for the account of the Chargor
         shall be credited or treated as having been credited to the new account
         and shall not operate to reduce the amount  secured by this deed at the
         time when Laurus  received or was deemed to have  received  such notice
         or, as the case may be, the insolvency, administration, reorganisation,
         liquidation, dissolution or other proceeding commenced.

11.3     Delegation

         Laurus may delegate in any manner to any person any of the Rights which
         are for the time being  exercisable by Laurus under this deed. Any such
         delegation may be made upon such terms and conditions  (including power
         to sub-delegate) as Laurus may think fit.

11.4     Set-off by Laurus

         After the occurrence of an Event of Default that is continuing,  Laurus
         may  without  notice to the Chargor  and  without  prejudice  to any of
         Laurus' other Rights, set off any Secured Liabilities which are due and
         unpaid against any  obligation  (whether or not matured) owed by Laurus

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                                       12

         to the Chargor,  regardless of the place of payment or booking  branch,
         and for that purpose  Laurus may convert one  currency  into another at
         the rate of exchange determined by Laurus in its absolute discretion to
         be prevailing at the date of set-off.

12.      Liability of Laurus, Delegates and Nominees

12.1     Possession

         If  Laurus  or any  Delegate  shall  take  possession  of  the  Charged
         Property, it may at any time relinquish such possession.

12.2     Laurus' Liability

         Laurus  shall  not in any  circumstances  (whether  by reason of taking
         possession of the Charged  Property or for any other reason  whatsoever
         and  whether  as  mortgagee  in   possession  or  on  any  other  basis
         whatsoever) be liable to the Chargor or any other person for any costs,
         charges,  losses,  damages,  liabilities  or expenses  arising from any
         realisation   of  the  Charged   Property  or  from  any   exercise  or
         non-exercise  by Laurus of any Right  conferred  upon it in relation to
         the Charged Property or from any act,  default,  omission or misconduct
         of Laurus, its officers, employees or agents in relation to the Charged
         Property except to the extent that they shall be caused by Laurus's own
         fraud,  negligence  or wilful  misconduct  or that of its  officers  or
         employees.

12.3     Delegate's and Nominee's Liability

         All the  provisions of clause 12.2 shall apply,  mutatis  mutandis,  in
         respect of the  liability  of any  Delegate or nominee of Laurus or any
         officer,  employee or agent of Laurus,  any  Delegate or any nominee of
         Laurus.

12.4     Indemnity

         Laurus and every  Delegate,  attorney,  manager,  agent or other person
         appointed by Laurus  hereunder  shall be entitled to be indemnified out
         of the Charged  Property  in respect of all  liabilities  and  expenses
         incurred by any of them in the execution or purported  execution of any
         of its Rights and against all actions,  proceedings,  costs, claims and
         demands  in  respect  of any matter or thing done or omitted in any way
         relating  to the  Charged  Property  except to the extent that they are
         caused by Laurus' own fraud, negligence or wilful misconduct or that of
         its officers or employees, and Laurus and any such Delegate,  attorney,
         manager, agent or other person appointed by Laurus hereunder may retain
         and pay all sums in respect of the same out of any moneys received.

<PAGE>
                                       13

13.      Protection of Third Parties

         No person  dealing  with Laurus or any  Delegate  shall be concerned to
         enquire  whether  any event has  happened  upon which any of the Rights
         conferred  under or in connection  with this deed or the LPA are or may
         be  exercisable,  whether any consents,  regulations,  restrictions  or
         directions  relating to such Rights have been obtained or complied with
         or otherwise as to the propriety or  regularity  of acts  purporting or
         intended to be in exercise of any such Rights or as to the  application
         of any money borrowed or raised or other proceeds of  enforcement.  All
         the protections to purchasers  contained in sections 104 and 107 of the
         LPA and in  Section  42(3) of the  Insolvency  Act 1986 or in any other
         legislation  for the  time  being in force  shall  apply to any  person
         purchasing from or dealing with Laurus or any Delegate.

14.      Continuing Security

         The Charge created by this deed shall be a continuing  security for and
         will extend to the ultimate balance of all the Secured  Liabilities and
         shall not be  satisfied,  discharged  or affected  by any  intermediate
         payment  or  settlement   of  account   (whether  or  not  any  Secured
         Liabilities remain outstanding thereafter) or any other matter or thing
         whatsoever.

15.      Other Security

         The Charge and the rights  given to Laurus  under this deed shall be in
         addition  to and  shall not  prejudice  or be  prejudiced  by any other
         Security or any  guarantee or indemnity or any other right which Laurus
         may at any time have in respect of or in connection with of the Secured
         Liabilities.  All such  rights  may be  exercised  from time to time as
         often as Laurus may deem expedient.

16.      Immediate Recourse

         Laurus need not, before exercising any of the rights, title benefit and
         interest conferred on it by this deed or by law:

                  (i)      take action or obtain judgment against the Chargor or
                           any other person in any court;

                  (ii)     make a file any claim or proof in the  liquidation of
                           the Chargor or any other person; or

                  (iii)    enforce or seek to enforce the recovery of moneys and
                           liabilities  hereby  secured  or  enforce  or seek to
                           enforce any other security interest or guarantee.

<PAGE>
                                       14

17.      Charge not to be Affected

         Without  prejudice  to  clauses 14 and 15,  neither  the Charge nor the
         liability  of  the  Chargor  for  the  Secured   Liabilities  shall  be
         prejudiced or affected by:-

         (A)      any  variation or amendment  of, or waiver or release  granted
                  under  or in  connection  with,  any  other  Security  or  any
                  guarantee or indemnity or other document; or

         (B)      time being given, or any other  indulgence or concession being
                  granted, by Laurus to the Chargor or any other person; or

         (C)      the  taking,  holding,  failure  to  take  or  hold,  varying,
                  realisation,  non-enforcement,  non-perfection  or  release by
                  Laurus or any  other  person  of any  other  Security,  or any
                  guarantee or indemnity or other document; or

         (D)      the insolvency, administration, reorganisation, liquidation or
                  dissolution of, or any analogous proceeding in respect of, the
                  Chargor or any other person; or

         (E)      any change in the constitution of the Chargor; or

         (F)      any  amalgamation,   merger  or  reconstruction  that  may  be
                  effected  by  Laurus  with  any  other  person  or any sale or
                  transfer of the whole or any part of the undertaking, property
                  and assets of Laurus to any other person; or

         (G)      the  existence of any claim,  set-off or other right which the
                  Chargor  may  have at any time  against  Laurus  or any  other
                  person; or

         (H)      the making or absence of any demand for payment of any Secured
                  Liabilities  on the  Chargor or any other  person,  whether by
                  Laurus or any other person; or

         (I)      any arrangement or compromise  entered into by Laurus with the
                  Chargor or any other person; or

         (J)      any other  thing done or omitted  or  neglected  to be done by
                  Laurus or any other person or any other dealing,  fact, matter
                  or thing  which,  but for this  provision,  might  operate  to
                  prejudice  or affect  the  liability  of the  Chargor  for the
                  Secured Liabilities.

18.      Release of Charged Property

18.1     Release of Charged Property

         If:

<PAGE>
                                       15

         (A)      all  Secured   Liabilities  have  been   unconditionally   and
                  irrevocably  paid or  discharged in full and the Note has been
                  terminated; or

         (B)      Security or a guarantee for the Secured  Liabilities,  in each
                  case  acceptable to Laurus,  has been provided in substitution
                  for this deed,

         then,  subject to clause 18.3,  Laurus shall at the request and cost of
         the Chargor  execute  such deeds and do all such acts and things as may
         be necessary to release the Charged Property from the Charge.

18.2     Reinstatement

         (A)      Any  re-assignment,  release,  settlement  or discharge of the
                  Secured   Liabilities   or  any   Security   for  the  Secured
                  Liabilities  shall  be  conditional  upon  no  payment  to  or
                  Security   provided  to  Laurus  in  respect  of  the  Secured
                  Liability being avoided,  invalidated,  reduced or required to
                  be restored or paid away by virtue of any  requirement  having
                  force of law.

         (B)      To the extent that such re-assignment,  release, settlement or
                  discharge of the Secured  Liabilities  is made on the faith of
                  any payment or Security which is avoided, invalidated, reduced
                  or required to be restored or paid away,  such  re-assignment,
                  release  settlement or discharge  shall be treated as null and
                  void and Laurus shall be entitled to recover the amount of any
                  such payment or Security and the  relevant  Secured  Liability
                  shall continue as if the re-assignment, release, settlement or
                  discharge had not occurred.

18.3     Retention of Deed

         If the Chargor requests Laurus to release the Charged Property from the
         Charge following any payment or discharge made or Security or guarantee
         given in relation to the Secured Liabilities by a person other than the
         Chargor (a "Relevant Transaction"),  Laurus shall be entitled to retain
         this deed (and all stock and share certificates, documents of title and
         other  documentary  evidence  of  ownership  in relation to the Charged
         Property  deposited with Laurus  pursuant to clause 4) and shall not be
         obliged to  release  the  Charged  Property  from the Charge  until the
         expiry  of  the   Retention   Period  in  relation  to  that   Relevant
         Transaction.  If at any time before the expiry of that Retention Period
         any  step  has  been  taken  for or with a view to the  administration,
         liquidation  or  dissolution  of such  other  person  or any  analogous
         proceeding  in respect of such other  person,  Laurus may  continue  to
         retain this deed (and all such stock and share certificates,  documents
         of title and documentary  evidence) and shall not be obliged to release
         the Charged  Property from the Charge for such further period as Laurus
         may determine.

<PAGE>
                                       16

18.4     Retention Period

         For the purpose of clause 18.3 "Retention Period" means, in relation to
         any Relevant  Transaction,  the period which commences on the date when
         that Relevant Transaction was made or given, and which ends on the date
         falling one month after the  expiration  of the maximum  period  within
         which that Relevant Transaction can be avoided,  reduced or invalidated
         by virtue of any applicable law or for any other reason whatsoever.

19.      Power of Attorney

19.1     Appointment

         The Chargor hereby appoints, irrevocably and by way of security, Laurus
         and any  person  nominated  in  writing  by Laurus as  attorney  of the
         Chargor  severally to be the attorney of the Chargor  (with full powers
         of  substitution  and  delegation),  on its  behalf  and in its name or
         otherwise,  at such time and in such manner as the  attorney  may think
         fit:-

         (A)      to do  anything  which the  Chargor is or may be obliged to do
                  (but has not done)  under  this deed  including,  but  without
                  limitation,  to complete  and execute any  transfer of Shares;
                  and

         (B)      generally  to exercise  all or any of the Rights  conferred on
                  Laurus in  relation  to the  Charged  Property  or under or in
                  connection with this deed or the LPA.

19.2     Ratification

         The Chargor covenants to ratify and confirm whatever any attorney shall
         do or purport to do in the exercise or purported  exercise of the power
         of attorney in clause 19.1.

20.      Currency Indemnity

20.1     Currency Indemnity

         If, under any applicable law,  whether  pursuant to a judgment  against
         the Chargor or the  administration,  liquidation  or dissolution of the
         Chargor or for any other  reason,  any payment  under or in  connection
         with  this deed is made or falls to be  satisfied  in a  currency  (the
         "Other Currency") other than the currency in which the relevant payment
         is expressed  to be payable (the  "Required  Currency"),  then,  to the
         extent that the payment  actually  received by Laurus  (when  converted
         into  the  Required  Currency  at the rate of  exchange  on the date of
         payment or, if it is not  practicable for Laurus to make the conversion
         on that  date,  at the rate of  exchange  as soon  afterwards  as it is
         practicable  for Laurus to do so or, in the case of an  administration,
         liquidation or dissolution,  at the rate of exchange on the latest date
         permitted by applicable  law for the  determination  of  liabilities in

<PAGE>
                                       17

         such  proceeding)  falls  short of the  amount  expressed  to be due or
         payable under or in connection with this deed, the Chargor shall, as an
         original and independent obligation under this deed, indemnify and hold
         Laurus harmless against the amount of such shortfall.

20.2     Rate of Exchange

         For the purpose of clause 19.1,  "rate of  exchange"  means the rate at
         which  Laurus is able on the  relevant  date to purchase  the  Required
         Currency  with the Other  Currency  and shall  take  into  account  any
         commission,  premium and other costs of exchange  and Taxes  payable in
         connection with such purchase.

21.      Certificate to be Conclusive Evidence

         For all purposes,  including any  Proceedings,  a copy of a certificate
         signed by an  officer  of Laurus as to the  amount of any  indebtedness
         comprised in the Secured  Liabilities  for the time being shall, in the
         absence of manifest error, be conclusive  evidence  against the Chargor
         as to the amount thereof.

22.      Stamp Duty

         The Chargor  shall pay  promptly,  and in any event  before any penalty
         becomes  payable,  all stamp,  documentary  and similar taxes,  if any,
         payable in connection with the entry into, performance,  enforcement or
         admissibility  in evidence of this deed or any other document  referred
         to in this deed, and shall indemnify  Laurus against any liability with
         respect to, or  resulting  from any delay in paying or omission to pay,
         any such tax.

23.      Costs and Expenses

         The Chargor shall  indemnify  Laurus on demand  against all  reasonable
         costs, charges, losses, liabilities, expenses and other sums (including
         legal,  accountants' and other professional fees) and any Taxes thereon
         expended, paid, incurred or debited on account by Laurus in relation to
         this  deed,  and/or  any  other  document  referred  to in  this  deed,
         including, without prejudice to the generality of the foregoing:-

         (A)      in connection with the  negotiation,  preparation,  execution,
                  stamping, filing, registration and perfection of this deed;

         (B)      in  connection  with the  granting  of any  waiver or  consent
                  sought by the  Chargor or in  connection  with any  variation,
                  amendment,  extension or  modification  of, or supplement  to,
                  this deed;

         (C)      in  enforcing,   protecting,   preserving  or  realising,   or
                  attempting to enforce,  protect,  preserve or realise, Laurus'
                  Rights under this deed; and

<PAGE>
                                       18

         (D)      in connection with or  contemplation of any Proceedings or the
                  recovery or attempted recovery of any Secured Liabilities.

24.               Communications

24.1     Communications to be in Writing

         Any communication given or made under or in connection with the matters
         contemplated by this deed shall be in writing.

24.2     Deemed Delivery

         Any such  communication  shall be  addressed as provided in clause 24.3
         and, if so  addressed,  shall be deemed to have been duly given or made
         as follows:-

         (A)      if sent by personal delivery,  upon delivery at the address of
                  the relevant party;

         (B)      if sent by fax, upon receipt by the relevant party,

         provided that if, in  accordance  with the above  provisions,  any such
         communication  would  otherwise  be deemed to be given or made  outside
         Working Hours, such  communication  shall be deemed to be given or made
         at the start of the next period of Working Hours.

24.3     Parties' Details

         The  relevant  details  of each  party for the  purposes  of this deed,
         subject to clause 24.4, are:-

                 Party       Addressee        Address               Fax No.
                 -----       ---------        -------               -------
         Laurus Master       David Grin       Laurus Master         212 541 4434
         Fund, Ltd.                           Fund, Ltd. c/o
                                              Laurus Capital
                                              Management LLC
                                              152 West 57th
                                              Street, New York,
                                              New York 10019
         Inyx, Inc.          Dr. Jack         Inyx, Inc.,           305-365-3963
                             Kachkar                 9th Floor
                                              801 Brickell
                                              Avenue, Miami,
                                              Florida  33131

<PAGE>
                                       19

24.4     Change of Details

         Either  party may notify the other party at any time of a change to its
         details for the purposes of clause 24.3 provided that such notification
         shall only be effective on:-

         (A)      the date  specified in the  notification  as the date on which
                  the change is to take place; or

         (B)      if no date is  specified  or the date  specified  is less than
                  five  Business  Days after the date on which  notice is given,
                  the date falling five  Business  Days after notice of any such
                  change has been given.

25.      Rights and Waivers

25.1     Delay

         No delay or  omission  on the part of  Laurus in  exercising  any Right
         provided  by law or under this deed shall  impair such Right or operate
         as a waiver thereof or of any other Right.

25.2     Single or Partial Exercise

         The single or partial  exercise by Laurus of any Right  provided by law
         or under this deed  shall not  preclude  any other or further  exercise
         thereof or the exercise of any other Right.

25.3     Rights to be Cumulative

         The Rights provided in this deed are cumulative with, and not exclusive
         of, any Rights provided by law.

26.      Invalidity

         If at any  time  any  provision  of this  deed is or  becomes  illegal,
         invalid  or   unenforceable  in  any  respect  under  the  law  of  any
         jurisdiction, neither:-

         (A)      the legality,  validity or enforceability in that jurisdiction
                  of any other provision of this deed; nor

         (B)      the legality,  validity or enforceability under the law of any
                  other  jurisdiction  of that or any  other  provision  of this
                  deed,

         shall be affected or impaired.

<PAGE>
                                       20

27.      Assignment by Laurus

         Laurus may at any time,  without the consent of the Chargor,  assign or
         transfer  the whole or, as the case may be, any part of Laurus'  Rights
         under  this deed to any  person to whom the whole or any part of any of
         Laurus' rights under the Note shall be assigned or transferred.

28.      Contracts (Rights of Third Parties) Act 1999

         The  parties  to this  agreement  do not  intend  that any term of this
         agreement should be enforceable,  by virtue of the Contracts (Rights of
         Third  Parties)  Act  1999,  by any  person  who is not a party to this
         agreement.

29.      Governing Law

         This deed shall be governed by and construed in accordance with English
         law.

IN WITNESS  WHEREOF the Chargor and Laurus have executed this document as a deed
the day and year first before written.

<PAGE>
<TABLE>
<CAPTION>
                                       21

                                   SCHEDULE 1

                            No. of        Class of     Nominal Value    Registered holder(s)
Name of Company             Shares         Shares      of each Share    as at the date hereof
---------------             ------         ------      -------------    ---------------------
<S>                       <C>              <C>         <C>              <C>
Inyx Pharma Limited       1,000,000       ordinary      (pound)0.01           Inyx, Inc.
                        (representing      shares
                         100% of the
                        current issued
                       share capital of
                         Inyx Pharma
                           Limited)

</TABLE>

<PAGE>
                                       22

DAL:473001.1

                                   NY032800003

                                       22

DAL:473001.1

Executed as a deed by LAURUS            )
MASTER FUND, LTD. acting by             )
                                        )  ./s/.................................
                                        )
who, in  accordance with the laws       )  .....................................
of the Cayman Islands [is/ are]         )  Authorised Signatories)
acting under the authority of           )
Laurus Master Fund, Ltd.                )

Executed as a deed by Inyx, Inc.       )
acting by Dr. John Kashkar who         )
in accordance with the laws of         )   ...../s/ Jack Kachkar................
Nevada, U.S.A. is acting under         )
the authority of Inyx, Inc.            )

<PAGE>
                                       23Exhibit 10.19

                                   INYX, INC.

                             SUBSCRIPTION AGREEMENT

Inyx, Inc.
801 Brickell, 9th Floor
Miami, Florida 33131

Gentlemen:

         The undersigned has received and read the Confidential  Amended Private
Offering Memorandum dated October 9, 2003 (the "Offering Memorandum"),  pursuant
to which Inyx, Inc., a Nevada corporation (the "Company"),  is offering for sale
a maximum of  $3,000,000  of common stock  ("Shares") of the Company at an issue
price of $1.00 per Share.  For each 100,000  shares of common stock  subscribed,
the undersigned shall also receive a Stock Purchase Warrant in the form attached
hereto as Schedule 2 to purchase 50,000 shares of common stock.

1.       Subscription.  Subject to the terms and conditions of this Subscription
         Agreement  and  the   provisions  of  the  Offering   Memorandum,   the
         undersigned   hereby  subscribes  for  the  Shares  designated  on  the
         signature page hereof  (minimum  subscription  $100,000 unless a lesser
         amount  is  allowed  by  the   Company).   In   connection   with  such
         subscription,  the  undersigned  hereby  tenders  to  the  Company  two
         executed counterparts of this Subscription  Agreement,  together with a
         wire  transfer  in an amount  equal to the full  purchase  price of the
         Shares subscribed for hereunder to the following address:

                           c/o Compass Bank
                           901 Travis, Suite 900
                           Houston, Texas
                           Account No. 38531484
                           ABA Code 113010547
                           Attn:  Jeff Manley
                           Telephone:  713-499-8628

         The undersigned hereby agrees that this subscription is irrevocable and
shall  survive  the death or  disability  of the  undersigned.  The  undersigned
further  understands  and agrees that the Company  may, in its sole  discretion,
decline to accept  this  subscription,  in which case all  instruments  tendered
herewith will be promptly  returned.  If the Company accepts this  subscription,
such acceptance will be signified by the Company,  executing the  acknowledgment
on the  appropriate  notarization  page  of each  copy  hereof  tendered  by the
undersigned  and  causing  one  such  acknowledged  copy to be  returned  to the
undersigned.

         The undersigned understands and agrees that upon obtaining a minimum of
$2,000,000 in such account,  all subscription funds received paid to the Company
and will be applied to the uses  described in the Offering  Memorandum,  even if
less than the maximum offering as are committed.

2.       Representations,  Warranties,  and  Covenants of the  Undersigned.  The
         undersigned  hereby  represents  and warrants to and covenants with the
         Company and its officers, directors, agents and employees, as follows:

<PAGE>

         (a)      The  undersigned  is an "accredited  investor",  as defined in
                  Regulation D as promulgated  pursuant to the Securities Act of
                  1933,   as  amended  (the  "1933  Act"),   and  certain  state
                  securities  laws,  and has  initialed  each  of the  following
                  definitions  which  are  applicable  to the  undersigned.  The
                  undersigned is (initial one or more):

_______
Initial

                  (1)      A bank as defined in Section  3(a)(2) of the Act,  or
                           any savings and loan association or other institution
                           as defined in Section  3(a)(5)(A)  of the Act whether
                           acting in its individual or fiduciary  capacity;  any
                           broker or dealer registered pursuant to Section 15 of
                           the  Securities  Exchange Act of 1934;  any insurance
                           company as defined in Section  2(13) of the Act;  any
                           investment  company  registered  under the Investment
                           Company Act of 1940 or a business development company
                           as defined in Section 2(a)(48) of that Act; any Small
                           Business  Investment  Company  licensed  by the  U.S.
                           Small Business Administration under Section 301(c) or
                           (d) of the Small Business Investment Act of 1958; any
                           plan  established  and  maintained  by a  state,  its
                           political    subdivisions,    or   any    agency   or
                           instrumentality   of  a   state   or  its   political
                           subdivisions,  for the benefit of its  employees,  if
                           such plan has total  assets in excess of  $5,000,000;
                           any  employee  benefit plan within the meaning of the
                           Employee  Retirement  Income  Security Act of 1974 if
                           the investment  decision is made by a plan fiduciary,
                           as  defined in  Section  3(21) of such Act,  which is
                           either  a  bank,   savings   and  loan   association,
                           insurance company, or registered  investment adviser,
                           or if the  employee  benefit plan has total assets in
                           excess of  $5,000,000  or, if a  self-directed  plan,
                           with investment decisions made solely by persons that
                           are accredited investors;

_______
Initial

                  (2)      A private business  development company as defined in
                           Section 202(a)(22) of the Investment  Advisors Act of
                           1940;

_______
Initial

                  (3)      An organization described in Section 501(c)(3) of the
                           Internal Revenue Code, corporation,  Massachusetts or
                           similar  business trust,  or partnership,  not formed
                           for the specific  purpose of acquiring the securities
                           offered, with total assets in excess of $5,000,000;

_______
Initial

                  (4)      A director or executive  officer of the issuer of the
                           securities being offered or sold;

_______
Initial

                  (5)      A natural person whose individual net worth, or joint
                           net worth with that person's  spouse,  at the time of
                           his purchase exceeds $1,000,000;

                                       2
<PAGE>

_______
Initial

                  (6)      A  natural  person  who had an  individual  income in
                           excess  of  $200,000  in each of the two most  recent
                           years or joint  income with that  person's  spouse in
                           excess of  $300,000  in each of those years and has a
                           reasonable  expectation  of reaching  the same income
                           level in the current year;

_______
Initial

                  (7)      A trust,  with total assets in excess of  $5,000,000,
                           not formed for the specific  purpose of acquiring the
                           securities  offered,  whose purchase is directed by a
                           sophisticated    person   as    described   in   Rule
                           506(b)(2)(ii); or

_______
Initial

                  (8)      An  entity  in which  all of the  equity  owners  are
                           accredited investors.

The undersigned acknowledges that the Company may require additional information
concerning the undersigned's suitability regarding an investment in the Shares.

         (b)      The undersigned  understands that the following information is
                  being  furnished to determine  whether sales of the Shares may
                  be made to the  undersigned  pursuant  to Section  4(2) of the
                  1933  Act  and   Regulation  D  promulgated   thereunder   and
                  applicable state securities laws. The undersigned  understands
                  that (i) the information  contained herein will be relied upon
                  for  purposes of such  determination  and (ii) the Shares will
                  not be  registered  under  the 1933 Act in  reliance  upon the
                  exemptions from  registration  provided by Section 4(2) of the
                  1933  Act  and  Regulation  D  promulgated   thereunder.   The
                  undersigned  represents  and  warrants  to the Company and its
                  officers,   directors,  agents  and  employees  that  (i)  the
                  information  contained herein is complete and accurate and may
                  be relied upon by such parties and (ii) the  undersigned  will
                  notify the  Company  immediately  of any change in any of such
                  information  occurring prior to the closing of the purchase of
                  any  Shares  by the  undersigned.  All  information  furnished
                  herein or hereby  is for the sole use of the  Company  and the
                  Company's  representatives  and  counsel  and  will be held in
                  confidence by such persons,  except that this Agreement may be
                  furnished  to  such  parties  as may be  deemed  desirable  to
                  establish compliance with federal, state or foreign securities
                  laws.

         (c)      The  undersigned has adequate net worth and means of providing
                  for his current needs and possible personal contingencies, and
                  the  undersigned  has no need, and  anticipates no need in the
                  foreseeable   future,   to  sell  the  Shares  for  which  the
                  undersigned hereby subscribes. The undersigned is able to bear
                  the  economic  risks  of this  investment  and,  consequently,
                  without   limiting  the  generality  of  the  foregoing,   the
                  undersigned  is able  to hold  his  Shares  for an  indefinite
                  period of time and has a  sufficient  net  worth to  sustain a
                  loss of his entire investment in the Company in the event such
                  loss should occur.  The overall  commitment by the undersigned
                  to  investments  that  are  not  readily   marketable  is  not
                  disproportionate  to his net  worth,  and his  acquisition  of
                  Shares  will not  cause  such  overall  commitment  to  become
                  excessive.

         (d)      The undersigned has such knowledge and experience in financial
                  and  business  matters  that the  undersigned  is  capable  of
                  evaluating  the  merits  and  risks  of an  investment  in the
                  Shares.

                                       3
<PAGE>

         (e)      The undersigned has received and read and is familiar with the
                  Offering  Memorandum,   together  with  all  exhibits  annexed
                  thereto and any  amendments or  supplements  thereto,  and the
                  undersigned  confirms that all documents,  records,  and books
                  pertaining  to the  undersigned's  proposed  investment in the
                  Company have been made available to the undersigned.

         (f)      The undersigned has had an opportunity to ask questions of and
                  receive  satisfactory  answers from the Company, or any person
                  or persons  acting on the  Company's  behalf,  concerning  the
                  terms and conditions of this investment and all such questions
                  have  been   answered   to  the  full   satisfaction   of  the
                  undersigned.

         (g)      The Shares for which the undersigned hereby subscribes will be
                  acquired for the  undersigned's own account for investment and
                  not with the view toward resale or  redistribution in a manner
                  which would require  registration  under the 1933 Act, and the
                  undersigned  does not now have any  reason to  anticipate  any
                  change in the undersigned's  circumstances or other particular
                  occasion or event which  would cause the  undersigned  to sell
                  his Shares.

         (h)      The  undersigned  represents  that it has been  called  to his
                  attention,  both  in the  Offering  Memorandum  and  by  those
                  individuals  with whom the undersigned has dealt in connection
                  with  the  undersigned's  investment  in the  Shares  that and
                  investment in the Shares  involves a high degree of risk which
                  may   result  in  the  loss  of  the   total   amount  of  the
                  undersigned's investment.

         (i)      The undersigned has received no  representations or warranties
                  (other than  contained  in the Offering  Memorandum)  from the
                  Company or its  affiliates,  or their employees or agents and,
                  in making his investment decision,  the undersigned is relying
                  solely on the information contained in the Offering Memorandum
                  and the exhibits attached hereto, the supplemental information
                  concerning  the  Company  and   investigations   made  by  the
                  undersigned.

         (j)      The  undersigned  is now a bona fide resident of the state set
                  forth  herein and the  address and social  security  number or
                  federal tax identification number set forth herein is the true
                  and correct  residence and social  security  number or federal
                  tax identification number of the undersigned.  The undersigned
                  has no present  intention  of becoming a resident of any other
                  state or  jurisdiction.  If the  undersigned is a corporation,
                  partnership,  trust or other form of business organization, it
                  represents  and warrants that it was formed under the laws of,
                  and its principal place of business is within,  such state and
                  that it was not  organized or  reorganized  for the purpose of
                  acquiring the Shares.

         (k)      The  undersigned   acknowledges  that  the  Company  has  made
                  available to the  undersigned  or the  undersigned's  personal
                  advisors the opportunity to obtain  additional  information to
                  verify  the  accuracy  of  the  information  contained  in the
                  Offering  Memorandum  and to evaluate  the merits and risks of
                  this investment, including, but not limited to, the income tax
                  consequences  of the investment.  The  undersigned  represents
                  that, by reason of his business and financial experience,  the
                  undersigned  has  acquired  the  capacity  to protect  his own
                  interest  in  investments  of this  nature.  In  reaching  the
                  conclusion that the undersigned desires to acquire the Shares,
                  the   undersigned   has  carefully   evaluated  his  financial
                  resources  and  investment  position and the risks  associated
                  with this investment and acknowledges  that he is able to bear
                  the economic risks of this investment.

                                       4
<PAGE>

         (l)      The Shares have been  offered to the  undersigned  without any
                  form of general  solicitation or advertising of any type by or
                  on behalf of the  Company or any of its  officers,  directors,
                  employees or agents, or any other person.

         (m)      The  undersigned  understands  that neither the Securities and
                  Exchange  Commission nor any securities  administrator  of any
                  state has made any  finding or  determination  relating to the
                  fairness of an  investment  in the Shares and that neither the
                  Securities   and  Exchange   Commission   nor  any  securities
                  administrator  of any state has or will  recommend  or endorse
                  any offering of the Shares.

         (n)      If the  undersigned  is a  pension,  profit  sharing  or other
                  employee   benefit  plan  (a  "Plan"),   an  investment  in  a
                  Partnership will not cause the Partnership's  assets to become
                  assets  of the  Plan,  and the  subscription  hereby  will not
                  violate any duty the undersigned owes to the Plan.

         (o)      If the  undersigned  is a corporation,  partnership,  trust or
                  other legal entity,  the  undersigned  hereby  represents  and
                  warrants that it is duly  organized and validly  existing as a
                  legal   entity,   in  good   standing   under   its  state  of
                  incorporation,  and that the subscription hereby has been duly
                  authorized by appropriate actions of its governing board.

3.       Indemnification.   The   undersigned   acknowledges   that  he  or  she
         understands the meaning and legal consequences of the  representations,
         warranties  and  covenants  in paragraph 2, 3, 4, and 5 hereof and that
         the  Company  has relied  upon such  representations,  warranties,  and
         covenants,  and he or she hereby  agrees to indemnify and hold harmless
         the Company and its officers,  directors,  controlling persons, agents,
         and  employees  from and against any and all loss,  damage or liability
         due to or arising out of a breach of any such representation,  warranty
         or covenant made herein.  Notwithstanding  the foregoing,  however,  no
         representation,  warranty,  acknowledgment  or agreement made herein by
         the undersigned shall in any manner be deemed to constitute a waiver of
         any rights granted to the undersigned  under federal,  state or foreign
         securities  laws.  All  representations,   warranties,   and  covenants
         contained  in  this  Subscription  Agreement  and  the  indemnification
         contained in this  paragraph 4, shall  survive the  acceptance  of this
         subscription.

4.       Limitation on Transfer of Shares. The undersigned  acknowledges that he
         or  she  is  aware  that  there  are  substantial  restrictions  on the
         transferability of the Shares. Since neither the Shares, nor the common
         stock  underlying  the Shares  (the  "Securities")  will  initially  be
         registered  under the 1933 Act or of any  applicable  state  securities
         laws, the Securities may not be, and the  undersigned  agrees that they
         shall not be, sold unless the Securities are registered or such sale is
         exempt from such  registration  under the 1933 Act or state  securities
         laws or regulations.  The  undersigned  further  acknowledges  that the
         Company is under no  obligation  to aid him in obtaining  any exemption
         from the registration  requirements.  The undersigned also acknowledges
         that he or she shall be responsible  for compliance with all conditions
         on transfer  imposed by any securities  administrator  of any state and
         for any  expenses  incurred  by the  Company  for  legal or  accounting
         services in connection  with reviewing such a proposed  transfer and/or
         issuing an opinion in connection therewith.

5.       Compliance with Securities Laws. The undersigned understands and agrees
         that the following  restrictions  and limitations are applicable to the
         undersigned's purchase and resales or other transfers of the Securities
         pursuant to the 1933 Act.

         (a)      The undersigned  agrees that the Securities  shall not be sold
                  or otherwise  transferred unless the Securities are registered
                  under the 1933 Act and  state  securities  laws or are  exempt
                  from applicable registration requirements.

                                       5
<PAGE>

         (b)      A legend in substantially  the following form has been or will
                  be  placed  on  the   certificate(s)   or  other   document(s)
                  evidencing the Securities:

                           THE  SECURITIES   EVIDENCED   HEREBY  HAVE  NOT  BEEN
                           REGISTERED  UNDER  THE  SECURITIES  ACT OF  1933,  AS
                           AMENDED,  OR ANY  STATE  SECURITIES  ACT,  HAVE  BEEN
                           OBTAINED  FOR  INVESTMENT  AND MAY NOT BE OFFERED FOR
                           SALE OR SOLD UNLESS A  REGISTRATION  STATEMENT  UNDER
                           THE   SECURITIES   ACT  OF  1933,  AS  AMENDED,   AND
                           APPLICABLE  STATE SECURITIES ACTS WITH RESPECT TO THE
                           INTERESTS  IS THEN IN EFFECT OR  EXEMPTIONS  FROM THE
                           REGISTRATION  REQUIREMENTS  OF THE  SECURITIES ACT OF
                           1933, AS AMENDED,  AND  APPLICABLE  STATE  SECURITIES
                           ACTS ARE THEN APPLICABLE TO THE OFFER OR SALE.

         (c)      Stop transfer  instructions  have been or will be imposed with
                  respect to the  Securities  so as to restrict  resale or other
                  transfer  thereof,   subject  to  the  further  items  hereof,
                  including   the   provisions   of  the  legend  set  forth  in
                  subparagraph (b) above.

6.       Registration  Rights.  The Company agrees to extend to the  Subscribers
         executing this Agreement the registration  rights described in attached
         Schedule 1. In addition, the Company agrees that, on or before December
         15,  2003,  it will  file a  registration  statement  on  Form  SB-2 to
         register for resale the Shares and the shares of common stock  issuable
         upon  exercise  of  the  Warrants.  The  Company  will  use  reasonable
         diligence to have the registration  statement  declared effective on or
         before March 31, 2004. In the event the  registration  statement is not
         effective by March 31, 2003, the Company will issue to the  undersigned
         additional  Warrants  at an  exercise  price of $1.00  per  share in an
         amount  equal to 10% of the  original  number of Shares  for each month
         that the registration  statement remains ineffective,  for a maximum of
         five months.

                                       6
<PAGE>

                         SIGNATURE PAGE FOR INDIVIDUALS

         IN  WITNESS  WHEREOF,   subject  to  acceptance  by  the  Company,  the
undersigned   has  completed  this   Subscription   Agreement  to  evidence  his
subscription  for the  number of Shares  set forth  below,  on this _____ day of
October, 2003.

Amount of Subscription

Number of Shares at the purchase price (minimum of $100,000 required): _________

         Shares To Be Registered as follows:  (check one)

         __      Individual Ownership      __      Joint Tenants With
                 (One signature required           Right of Survivorship
                 below)                            (All tenants must sign below)

         __      Tenants in Common         __      Community Property
                 (All tenants must                 (Both spouses must
                 sign below)                       sign below)

_______________________________                  _______________________________
Signature                                        Signature

_______________________________                  _______________________________
Name(s) type or printed                          Name(s) typed or printed

_______________________________                  _______________________________
Social Security Number                           Social Security Number

Subscription Accepted:

                                              INYX, INC.

                                              By:
                                                 _______________________________
                                                 Jack Kachkar, Chairman

                                       7
<PAGE>

                     SIGNATURE PAGE FOR ENTITIES AND TRUSTS

         IN  WITNESS  WHEREOF,   subject  to  acceptance  by  the  Company,  the
undersigned   has  completed  this   Subscription   Agreement  to  evidence  his
subscription  for the number of Shares set forth  below,  on this  ______ day of
October, 2003.

Amount of Subscription

Number of Shares at the purchase price (minimum $100,000 required):  $__________

         (check one)

         ___   Corporation under the laws of     ___   Partnership
                the State of __________

         ___   Limited Partnership under the     ___   Trust
                laws of _____________

         ___   Other (Specify):                  ___   Limited Liability Company

               _____________________________________________________

_______________________________                  _______________________________
Address                                          (Name of entity)

_______________________________                  By:____________________________
City                    Zip

______________________________                   _______________________________
Taxpayer Identification No.                          Name

                                                 _______________________________
                                                 Representative Capacity

.................................................................................

Subscription Accepted:

                                                     INYX, INC.

                                                 By:____________________________
                                                    Jack Kachkar, Chairman

                                       8
<PAGE>

                                   SCHEDULE 1

                               REGISTRATION RIGHTS

This constitutes Schedule 1 to the Subscription  Agreement (as it may be amended
from  time to time,  the  "Subscription  Agreement")  accompanying  the  Private
Placement  Memorandum  dated  October  9, 2003  between  INYX,  INC.,  a company
incorporated under the laws of Nevada (the "Company"), those persons executing a
Subscription  Agreement  (each an Inyx  Shareholder  and  collectively  the Inyx
Shareholders).

                                    ARTICLE 1

                                   DEFINITIONS

SECTION 1.01. Definitions.  Terms defined in the Subscription Agreement are used
herein as therein  defined.  In addition,  the following  terms, as used herein,
have the following meanings:

Commission means the Securities and Exchange Commission.

Holder  means a person  who owns  Registrable  Securities  and is either an Inyx
Shareholder or a transferee of an Inyx  Shareholder who has agreed in writing to
be bound by the terms of the Subscription Agreement and this Schedule 1.

Piggyback Registration means a piggyback registration as defined in Section 2.02
of this Schedule 1.

Registrable  Securities  means (i) the Company  Shares issued under Section 1 of
the Subscription  Agreement,  and (ii) any additional  shares of common stock of
the Company  issued in respect of the shares  referred  to in (i) in  connection
with a stock split,  stock dividend or similar event with respect to the Company
Shares. As to any particular Registrable Securities, such Registrable Securities
shall cease to be  Registrable  Securities as soon as they (i) have been sold or
otherwise  disposed of pursuant to a registration  statement that was filed with
the  Commission  and  declared  effective  under the  Securities  Act,  (ii) are
eligible  for sale  pursuant to Rule 144  without  being  subject to  applicable
volume limitations  thereunder,  (iii) have been otherwise sold,  transferred or
disposed of by a Holder to any Person that is not a Holder,  or (iv) have ceased
to be outstanding.

Rule 144 means Rule 144 (or any successor  rule of similar  effect)  promulgated
under the Securities Act.

Selling Holder means any Holder who is selling  Registrable  Securities pursuant
to a public offering registered hereunder.

Underwriter means a securities  dealer who purchases any Registrable  Securities
as principal and not as part of such dealer's market-making activities.

SECTION  1.02.  Internal  References.  Unless the context  indicates  otherwise,
references to Articles, Sections and paragraphs shall refer to the corresponding
articles,  sections and  paragraphs  in this  Schedule 1 and  references  to the
parties shall mean the parties to a Subscription Agreement.

<PAGE>

                                   ARTICLE 2

                               REGISTRATION RIGHTS

SECTION 2.01. Demand Registration.  (a) The Inyx Shareholders owing in aggregate
a majority of the Company Shares, on their own behalf and on behalf of the other
Holders,  may  make  up to two  written  requests  for  registration  under  the
Securities  Act of all or any  part of the  Registrable  Securities  held by the
Holders (each, a "Demand Registration"). Such request will specify the aggregate
number of shares of  Registrable  Securities  proposed  to be sold and will also
specify the intended  method of disposition  thereof.  A  registration  will not
count as a Demand  Registration  until it has become effective.  Should a Demand
Registration  not become  effective  due to the  failure  the Holders to perform
their  obligations  under this  Schedule 1 or the  inability  of the  requesting
Holders to reach agreement with the  Underwriters for the proposed sale price or
other  customary  terms for such  transaction,  or in the  event the  requesting
Holders  withdraw or do not pursue the request for the Demand  Registration  (in
each of the  foregoing  cases,  provided  that at such  time the  Company  is in
compliance in all material respects with its obligations under this Schedule 1),
then such Demand  Registration  shall be deemed to have been effected  (provided
that if the Demand  Registration does not become effective because of a material
adverse change in the condition  (financial or otherwise),  business,  assets or
results of operations  of the Company that occurs  subsequent to the date of the
written  request made by the requesting  Holders,  then the Demand  Registration
shall not be deemed to have been effected).

(b) In the event that the requesting Holders withdraw or do not pursue a request
for a Demand  Registration and, pursuant to Section 2.01(a) hereof,  such Demand
Registration  is deemed to have been  effected,  the Holders may reacquire  such
Demand  Registration  (such that the  withdrawal  or failure to pursue a request
will not count as a Demand Registration  hereunder) if the Holders reimburse the
Company  for  any and all  Registration  Expenses  incurred  by the  Company  in
connection with such request for a Demand Registration;  provided that the right
to reacquire a Demand Registration may be exercised a maximum of two times.

(c) If the Selling Holders so elect and to the extent feasible,  the offering of
such Registrable Securities pursuant to such Demand Registration shall be in the
form of an  underwritten  offering.  The Selling Holders shall have the right to
select the  managing  Underwriters  and any  additional  investment  bankers and
managers to be used in connection  with such offering,  subject to the Company's
approval, which approval shall not be unreasonably withheld.

(d) The  Selling  Holders  will inform the Company of the time and manner of any
disposition of Registrable  Securities,  and agree to reasonably  cooperate with
the Company in effecting  the  disposition  of the  Registrable  Securities in a
manner  that does not  unreasonably  disrupt the public  trading  market for the
Common Stock.

(e) The Company  will have the right to preempt any Demand  Registration  with a
primary  registration  by delivering  written  notice (within five business days
after the Company has received a request for such Demand  Registration)  of such
intention to the Selling  Holders  indicating  that the Company has identified a
specific  business need and use for the proceeds of the sale of such  securities
and the Company shall use  commercially  reasonable  efforts to effect a primary
registration within 60 days of such notice. In the ensuing primary registration,
the Holders  will have such  piggyback  registration  rights as are set forth in
Section  2.02  hereof.  Upon the  Company's  preemption  of a  requested  Demand
Registration,   such  requested   registration   will  not  count  as  a  Demand
Registration;  provided that a Demand  Registration will not be deemed preempted
if the Holders are permitted to sell all requested securities in connection with
the ensuing primary offering by exercising their piggyback  registration  rights
as set forth in Section  2.02  hereof.  The  Company may  exercise  the right to
preempt  only twice in any  360-day  period;  provided,  that during any 360 day
period there shall be a period of at least 120 consecutive days during which the
Selling Holders may effect a Demand Registration.

                                       10
<PAGE>

(f) Subject to Section 2.03 hereof, the Company will be entitled to include in a
Demand  Registration  shares of  Common  Stock  for its own  account  or for the
account of other Persons.

(g) Notwithstanding anything to the contrary contained herein, the Company shall
be entitled to (i) postpone the filing of the Registration Statement required to
be  prepared  and  filed  by it  hereunder  or (ii)  withdraw  the  Registration
Statement  after its filing but before it has been  declared  effective,  if, in
either case, the Company in its good faith discretion  determines that there has
occurred or is  occurring a material  non-public  event which such  registration
would  interfere  with  or  which  cannot  at  such  time  be  disclosed  in the
registration  statement or if such registration statement would interfere in any
material  respect  with any  proposal  or plan by the  Company  to engage in any
financing  or any  material  acquisition  or  disposition  by the Company or any
subsidiary  thereof of the capital stock or  substantially  all of the assets of
any other Person  (other than in the ordinary  course of  business),  any tender
offer  or any  offering,  merger,  consolidation,  corporate  reorganization  or
restructuring  ("Material  Event").  In the event the filing of the Registration
Statement is postponed or withdrawn in accordance with this section 2.01(g), the
Company shall file or refile the Registration Statement within ten (10) Business
Days  after the  Company,  in its good  faith  discretion,  determines  that the
Material Event has been completed or terminated.

(h) The Company shall disclose to the Selling Holders the nature of any Material
Event for which it has  delayed  or  withdrawn  the  Registration  Statement  or
suspended  the use of the  Prospectus,  provided  the Selling  Holders  agree in
writing to keep any information so disclosed  confidential  and not complete any
trades of Company  Shares  until the Company  informs  the  Selling  Holders the
information  is considered  public  information or is no longer  material,  such
notification  to the Selling  Holders to be given promptly after the information
is considered public or is no longer material.

SECTION  2.02.  Piggyback  Registration.  If  the  Company  proposes  to  file a
registration  statement  under the Securities Act with respect to an offering of
its common stock for its own account or for the account of another Person (other
than a registration statement on Form S-4 or S-8 or pursuant to Rule 415 (or any
substitute form or rule, respectively,  that may be adopted by the Commission)),
the Company shall give written notice of such proposed  filing to the Holders at
the address set forth in the share register of the Company as soon as reasonably
practicable  (but in no event less than 10 days  before the  anticipated  filing
date),  and such notice shall offer each Holder the  opportunity  to register on
the same terms and conditions such number of shares of Registrable Securities as
such Holder may request (a "Piggyback Registration"). Each Holder will have five
business  days  after  receipt of any such  notice to notify  the  Company as to
whether it wishes to  participate  in a Piggyback  Registration;  provided  that
should a Holder fail to provide  timely notice to the Company,  such Holder will
forfeit any rights to participate in the Piggyback  Registration with respect to
such proposed offering. In the event that the registration statement is filed on
behalf of a Person other than the Company, the Company will use its best efforts
to have the  shares of  Registrable  Securities  that the  Holders  wish to sell
included in the  registration  statement.  If the Company shall determine in its
sole discretion not to register or to delay the proposed  offering,  the Company
may,  at its  election,  provide  written  notice of such  determination  to the
Holders  and (i) in the  case of a  determination  not to  effect  the  proposed
offering,  shall  thereupon  be relieved  of the  obligation  to  register  such
Registrable  Securities  in  connection  therewith,  and  (ii) in the  case of a
determination  to delay a proposed  offering,  shall  thereupon  be permitted to
delay  registering such Registrable  Securities for the same period as the delay
in respect of the  proposed  offering.  As between  the  Company and the Selling
Holders,  the Company shall be entitled to select the Underwriters in connection
with any Piggyback Registration.

                                       11
<PAGE>

SECTION 2.03. Reduction of Offering.  Notwithstanding anything contained herein,
if the  managing  Underwriter  of an offering  described in Section 2.01 or 2.02
hereof states in writing that the size of the offering that Holders, the Company
and  any  other  Persons  intend  to  make is such  that  the  inclusion  of the
Registrable  Securities  would be likely to materially and adversely  affect the
price,  timing or distribution  of the offering,  then the amount of Registrable
Securities  to be offered  for the  account  of Holders  shall be reduced to the
extent necessary to reduce the total amount of securities to be included in such
offering to the amount recommended by such managing  Underwriter;  provided that
in the case of a Piggyback Registration, if securities are being offered for the
account of Persons  other than the  Company,  then the  proportion  by which the
amount of  Registrable  Securities  intended  to be offered  for the  account of
Holders  is  reduced  shall not  exceed  the  proportion  by which the amount of
securities  intended to be offered for the account of such other Persons  (other
than any Person  exercising a demand  registration  right) is reduced;  provided
further  that in the case of a Demand  Registration,  the amount of  Registrable
Securities  to be  offered  for the  account  of the  Holder  making  the Demand
Registration  shall be reduced only after the amount of securities to be offered
for the account of the Company and any other  Persons has been  reduced to zero.
In the  event  of a  reduction  pursuant  to this  Section  2.03 of  Registrable
Securities to be offered for the account of Holders, such reduction shall be pro
rata  among such  Holders  based on the number of  Registrable  Securities  each
Holder had proposed to sell.

SECTION  2.04.   Preservation  of  Rights.   The  Company  will  not  grant  any
registration  rights to third parties that contravene or are  inconsistent  with
the rights granted hereunder.

                                    ARTICLE 3

                             REGISTRATION PROCEDURES

SECTION 3.01.  Filings;  Information.  In connection with a Demand  Registration
pursuant to Section  2.01  hereof,  the  Company  will use its  reasonable  best
efforts to effect the registration of such Registrable Securities as promptly as
is reasonably practicable, and in connection with any such request:

(a) The  Company  will  expeditiously  prepare  and file with the  Commission  a
registration  statement  on any form for which the Company  then  qualifies  and
which counsel for the Company shall deem  appropriate and available for the sale
of the Registrable Securities to be registered thereunder in accordance with the
intended method of distribution  thereof, and use its reasonable best efforts to
cause such filed registration  statement to become and remain effective for such
period, not to exceed 60 days, as may be reasonably necessary to effect the sale
of  such  securities;  and  provided  that  if (i)  the  effective  date  of any
registration  statement filed pursuant to a Demand  Registration would otherwise
be at least 45 calendar days, but fewer than 90 calendar days,  after the end of
the Company's  fiscal year,  and (ii) the Securities Act requires the Company to
include  audited  financials as of the end of such fiscal year,  the Company may
delay the  effectiveness  of such  registration  statement for such period as is
reasonably  necessary to include  therein its audited  financial  statements for
such fiscal year.

(b) The Company will, if requested,  prior to filing such registration statement
or any amendment or supplement thereto, furnish to the Selling Holders, and each
applicable managing Underwriter,  if any, copies thereof, and thereafter furnish
to the Selling Holders and each such Underwriter,  if any, such number of copies
of such registration  statement,  amendment and supplement thereto (in each case
including all exhibits thereto and documents  incorporated by reference therein)
and the  prospectus  included in such  registration  statement  (including  each
preliminary  prospectus)  as the Selling  Holders or each such  Underwriter  may
reasonably request in order to facilitate the sale of the Registrable Securities
by the Selling Holders.

                                       12
<PAGE>

(c) After the filing of the  registration  statement,  the Company will promptly
notify  the  Selling  Holders  of any stop  order  issued  or, to the  Company's
knowledge,  threatened to be issued by the  Commission  and take all  reasonable
actions  required  to  prevent  the entry of such stop  order or to remove it if
entered.

(d) The Company will use its reasonable  best efforts to qualify the Registrable
Securities  for offer and sale under such other  securities  or blue sky laws of
such  jurisdictions  in the  United  States as the  Selling  Holders  reasonably
request; provided that the Company will not be required to (i) qualify generally
to do business in any  jurisdiction  where it would not otherwise be required to
qualify but for this paragraph  3.01(d),  (ii) subject itself to taxation in any
such  jurisdiction  or (iii)  consent to general  service of process in any such
jurisdiction.

(e) The Company will as promptly as is practicable  notify the Selling  Holders,
at any time when a prospectus relating to the sale of the Registrable Securities
is required by law to be delivered in connection with sales by an Underwriter or
dealer, of the occurrence of any event requiring the preparation of a supplement
or  amendment  to such  prospectus  so  that,  as  thereafter  delivered  to the
purchasers of such Registrable  Securities,  such prospectus will not contain an
untrue  statement of a material fact or omit to state any material fact required
to be stated therein or necessary to make the statements  therein,  in the light
of the  circumstances  under which they were made,  not  misleading and promptly
make  available  to  the  Selling  Holders  and  to the  Underwriters  any  such
supplement  or  amendment.  Upon  receipt of any notice  from the Company of the
occurrence  of any event of the kind  described in the preceding  sentence,  the
Selling  Holders will  forthwith  discontinue  the offer and sale of Registrable
Securities  pursuant to the  registration  statement  covering such  Registrable
Securities  until  receipt by the Selling  Holders and the  Underwriters  of the
copies of such  supplemented  or amended  prospectus  and, if so directed by the
Company,  the Selling Holders will deliver to the Company all copies, other than
permanent file and then in the possession of Selling Holders, of the most recent
prospectus  covering such Registrable  Securities at the time of receipt of such
notice.  In the event the Company  shall give such  notice,  the  Company  shall
extend the period during which such  registration  statement shall be maintained
effective as provided in Section 3.01(a) hereof by the number of days during the
period from and including the date of the giving of such notice to the date when
the Company shall make  available to the Selling  Holders such  supplemented  or
amended prospectus.

(f) The Company will enter into customary agreements  (including an underwriting
agreement  in  customary  form) and take such other  actions  as are  reasonably
required  in order  to  expedite  or  facilitate  the  sale of such  Registrable
Securities.

(g) At the  request  of any  Underwriter  in  connection  with  an  underwritten
offering,  the Company will furnish (i) an opinion of counsel,  addressed to the
Underwriters,  covering such customary  matters as the managing  Underwriter may
reasonably  request  and (ii) a  comfort  letter  or  comfort  letters  from the
Company's  independent public accountants covering such customary matters as the
managing Underwriter may reasonably request.

(h) The Company will make generally  available to its security holders,  as soon
as reasonably practicable, an earnings statement covering a period of 12 months,
beginning  within  three  months after the  effective  date of the  registration
statement,  which  earnings  statement  shall satisfy the  provisions of Section
11(a) of the  Securities  Act and the rules and  regulations  of the  Commission
thereunder.

(i) The  Company  will use  commercially  reasonable  efforts  to cause all such
Registrable  Securities  to be listed on each  securities  exchange or quoted on
each inter-dealer  quotation system or over-the-counter  bulletin board on which
the Common Stock is then listed or quoted.

                                       13
<PAGE>

SECTION  3.02.  Selling  Holder  Information.  The Company  may require  Selling
Holders promptly to furnish in writing to the Company such information regarding
such Selling Holders, the plan of distribution of the Registrable Securities and
other information as the Company may from time to time reasonably  request or as
may be legally required in connection with any Demand  Registration or Piggyback
Registration.

SECTION 3.03.  Registration Expenses. In connection with any Demand or Piggyback
Registration,   the  Company  shall  pay  the  following  expenses  incurred  in
connection  with  such   registration   (the   "Registration   Expenses"):   (i)
registration and filing fees with the Commission and the National Association of
Securities  Dealers,  Inc., (ii) fees and expenses of compliance with securities
or blue sky laws  (including  reasonable  fees and  disbursements  of counsel in
connection with blue sky  qualifications of the Registrable  Securities),  (iii)
printing  expenses,  (iv) fees and  expenses  incurred  in  connection  with the
listing or quotation  of the  Registrable  Securities,  (v) fees and expenses of
counsel to the  Company and the  reasonable  fees and  expenses  of  independent
certified  public  accountants  for the  Company  (including  fees and  expenses
associated with the special audits or the delivery of comfort  letters) and (vi)
the  reasonable  fees and  expenses of any  additional  experts  retained by the
Company in connection with such registration.  The Selling Holders shall pay (A)
any  underwriting  fees,  discounts or commissions  attributable  to the sale of
Registrable Securities, (B) fees and expenses of counsel for the Selling Holders
and (C) any out-of-pocket expenses of the Selling Holders.

                                    ARTICLE 4

                        INDEMNIFICATION AND CONTRIBUTION

SECTION 4.01.  Indemnification  by the Company.  The Company agrees to indemnify
and hold harmless each Selling Holder and its  Affiliates  and their  respective
officers,  directors,  partners,  stockholders,  members,  employees, agents and
representatives  and each Person (if any) which controls a Selling Holder within
the  meaning  of either  Section 15 of the  Securities  Act or Section 20 of the
Exchange Act, from and against any and all losses, claims, damages, liabilities,
costs and expenses (including reasonable attorneys' fees) caused by, arising out
of,  resulting  from or  related  to any  untrue  statement  or  alleged  untrue
statement  of a  material  fact  contained  in  any  registration  statement  or
prospectus relating to the Registrable Securities (as amended or supplemented if
the Company shall have furnished any  amendments or supplements  thereto) or any
preliminary  prospectus,  or caused by 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,  except  insofar as such  losses,  claims,
damages  or  liabilities  are  caused  by or  contained  in or  based  upon  any
information  furnished in writing to the Company by or on behalf of such Selling
Holder or any Underwriter  expressly for use therein or by the Selling Holder or
Underwriter's  failure  to  deliver  a copy  of the  registration  statement  or
prospectus  or any  amendments  or  supplements  thereto  after the  Company has
furnished  the  Selling  Holders or  Underwriter  with  copies of the same.  The
Company also agrees to indemnify any Underwriters of the Registrable Securities,
their officers and directors and each person who controls such  Underwriters  on
substantially  the same  basis  as that of the  indemnification  of the  Selling
Holders provided in this Section 4.01.

SECTION 4.02. Indemnification by a Selling Holder. Each Selling Holder agrees to
indemnify and hold harmless the Company,  its officers and  directors,  and each
Person,  if any, which controls the Company within the meaning of either Section
15 of the Securities Act or Section 20 of the Exchange Act to the same extent as
the foregoing  indemnity from the Company to each Selling  Holder,  but only (a)
with  reference  to  information  furnished  in  writing by or on behalf of such
Selling  Holder  expressly for use in any  registration  statement or prospectus
relating to the Registrable Securities,  or any amendment or supplement thereto,
or any preliminary prospectus or (b) as a result of the Selling Holder's failure
to deliver any registration  statement or prospectus relating to the Registrable

                                       14
<PAGE>

Securities,   or  any  amendment  or  supplement  thereto,  or  any  preliminary
prospectus.  Each Selling  Holder also agrees to indemnify and hold harmless any
Underwriters  of the  Registrable  Securities,  their officers and directors and
each person who controls such  Underwriters on  substantially  the same basis as
that of the indemnification of the Company provided in this Section 4.02.

SECTION 4.03.  Conduct of  Indemnification  Proceedings.  In case any proceeding
(including any  governmental  investigation)  shall be instituted  involving any
Person in respect of which  indemnity may be sought  pursuant to Section 4.01 or
Section 4.02 hereof, such Person (the "Indemnified Party") shall promptly notify
the Person against whom such indemnity may be sought (the "Indemnifying  Party")
in writing  and the  Indemnifying  Party,  upon the  request of the  Indemnified
Party, shall retain counsel reasonably satisfactory to such Indemnified Party to
represent  such  Indemnified  Party and any  others the  Indemnifying  Party may
designate in such  proceeding and shall pay the fees and  disbursements  of such
counsel  related to such  proceeding.  In any such  proceeding,  any Indemnified
Party shall have the right to retain its own counsel,  but the fees and expenses
of such counsel shall be at the expense of such Indemnified Party unless (i) the
Indemnifying  Party and the Indemnified  Party shall have mutually agreed to the
retention  of such  counsel  or (ii) the named  parties  to any such  proceeding
(including any impleaded  parties)  include both the  Indemnified  Party and the
Indemnifying  Party and, in the written  opinion of counsel for the  Indemnified
Party, representation of both parties by the same counsel would be inappropriate
due to actual or potential  differing  interests  between them. It is understood
that the  Indemnifying  Party shall not, in  connection  with any  proceeding or
related  proceedings  in the  same  jurisdiction,  be  liable  for the  fees and
expenses of more than one separate  firm of attorneys  (in addition to any local
counsel) at any time for all such  Indemnified  Parties,  and that all such fees
and expenses  shall be reimbursed as they are incurred.  In the case of any such
separate  firm for the  Indemnified  Parties,  such firm shall be  designated in
writing by the Indemnified  Parties.  The Indemnifying Party shall not be liable
for any settlement of any proceeding  effected without its written consent,  but
if settled with such consent (not to be unreasonably withheld), or if there be a
final judgment for the plaintiff,  the  Indemnifying  Party shall  indemnify and
hold  harmless such  Indemnified  Parties from and against any loss or liability
(to the extent stated above) by reason of such settlement or judgment.

SECTION 4.04. Contribution.  If the indemnification provided for in this Article
4 is  unavailable  to an  Indemnified  Party in respect of any  losses,  claims,
damages  or  liabilities  in  respect  of  which  indemnity  is to  be  provided
hereunder,  then each such  Indemnifying  Party,  in lieu of  indemnifying  such
Indemnified  Party,  shall to the fullest extent  permitted by law contribute to
the amount paid or payable by such Indemnified Party as a result of such losses,
claims,  damages or liabilities in such  proportion as is appropriate to reflect
the relative fault of such party in connection  with the statements or omissions
that resulted in such losses,  claims,  damages or  liabilities,  as well as any
other relevant  equitable  considerations.  The relative fault of the Company, a
Selling Holder and the  Underwriters  shall be determined by reference to, among
other things,  whether the untrue or alleged untrue statement of a material fact
or the  omission  or  alleged  omission  to state a  material  fact  relates  to
information supplied by such party and the parties' relative intent,  knowledge,
access to  information  and  opportunity to correct or prevent such statement or
omission.

The  Company  and each  Selling  Holder  agrees  that it  would  not be just and
equitable if  contribution  pursuant to this Section 4.04 were determined by pro
rata allocation  (even if the  Underwriters  were treated as one entity for such
purpose) or by any other method of allocation  that does not take account of the
equitable considerations referred to in the immediately preceding paragraph. The
amount  paid or  payable  by an  Indemnified  Party as a result  of the  losses,
claims,  damages  or  liabilities  referred  to  in  the  immediately  preceding
paragraph  shall be deemed to  include,  subject  to the  limitations  set forth
above, any legal or other expenses reasonably incurred by such Indemnified Party
in  connection  with  investigating  or  defending  any such  action  or  claim.
Notwithstanding  the  provisions  of this  Article  4, no  Underwriter  shall be
required  to  contribute  any  amount in excess of the amount by which the total

                                       15
<PAGE>

price at which the securities  underwritten  by it and distributed to the public
were  offered  to the  public  exceeds  the  amount of any  damages  which  such
Underwriter  has  otherwise  been  required  to pay by reason of such  untrue or
alleged  untrue  statement  or omission or alleged  omission,  and each  Selling
Holder shall not be required to contribute any amount in excess of the amount by
which the net proceeds of the offering (before deducting  expenses)  received by
such Selling  Holder exceeds the amount of any damages which such Selling Holder
has otherwise  been  required to pay by reason of such untrue or alleged  untrue
statement  or  omission  or alleged  omission.  No person  guilty of  fraudulent
misrepresentation  (within the meaning of Section 11(f) of the  Securities  Act)
shall be  entitled  to  contribution  from any Person who was not guilty of such
fraudulent misrepresentation.

                                    ARTICLE 5

                                  MISCELLANEOUS

SECTION  5.01.  Participation  in  Underwritten  Registrations.  No  Person  may
participate  in any  underwritten  registered  offering  contemplated  hereunder
unless such Person (a) agrees to sell its  securities  on the basis  provided in
any  underwriting  arrangements  approved by the Persons  entitled  hereunder to
approve such arrangements, (b) completes and executes all questionnaires, powers
of attorney,  custody  arrangements,  indemnities,  underwriting  agreements and
other  documents  reasonably  required  under  the  terms  of such  underwriting
arrangements  and this  Schedule 1 and (c)  furnishes  in writing to the Company
such  information  regarding  such  Person,  the  plan  of  distribution  of the
Registrable  Securities  and other  information  as the Company may from time to
time request or as may be legally required in connection with such registration.

SECTION  5.02.  Rule 144.  The Company  covenants  that it will file any reports
required to be filed by it under the  Securities  Act and the  Exchange  Act and
that it will take such further action as the Holders may  reasonably  request to
the extent required from time to time to enable the Holders to sell  Registrable
Securities  without  registration under the Securities Act within the limitation
of the exemptions  provided by Rule 144 under the  Securities  Act, as such Rule
144 may be  amended  from  time  to  time,  or any  similar  rule or  regulation
hereafter adopted by the Commission. Upon the request of Buyer, the Company will
deliver to Buyer a written  statement  as to whether it has  complied  with such
reporting requirements.

SECTION  5.03.  Holdback  Agreements.  Each  Holder  agrees,  in the event of an
underwritten offering for the Company (whether for the account of the Company or
otherwise)  not to offer,  sell,  contract to sell or  otherwise  dispose of any
Registrable  Securities  or other Common  Stock,  including any sale pursuant to
Rule  144  under  the  Securities  Act  (except  as part  of  such  underwritten
offering),  during the 14 days prior to, and during the 180-day  period (or such
lesser period as the lead or managing  Underwriter may agree)  beginning on, the
effective date of the registration statement for such underwritten offering (or,
in the case of an offering pursuant to an effective shelf registration statement
pursuant to Rule 415, the pricing date for such underwritten offering).

SECTION 5.04. Termination. The registration rights granted under this Schedule 1
will terminate on July 1, 2006.

SECTION 5.05.  Holder  Determinations.  In the event any  determination is to be
made by the Holders or the Selling Holders as a group, such determination  shall
be made by Holders or Selling  Holders  holding a majority  in  interest  of the
Registrable Securities or the Registrable Securities being sold, respectively.

                                       16
<PAGE>

                                   Schedule 2

                                   INYX, INC.
                              a Nevada Corporation

                             STOCK PURCHASE WARRANT
                    To Purchase ______ Shares of Common Stock
                           Par Value $0.001 per share
                                ___________, 2003

THIS WARRANT AND THE SHARES OF COMMON STOCK  ISSUABLE UPON EXERCISE  HEREOF HAVE
BEEN ACQUIRED FOR INVESTMENT,  HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933,  AS AMENDED,  AND MAY NOT BE SOLD,  TRANSFERRED  OR ASSIGNED  UNLESS AN
OPINION OF COUNSEL  SATISFACTORY  TO THE COMPANY SHALL HAVE BEEN RECEIVED BY THE
COMPANY TO THE EFFECT  THAT SUCH SALE,  TRANSFER  OR  ASSIGNMENT  WILL NOT BE IN
VIOLATION  OF THE  SECURITIES  ACT OF  1933,  AS  AMENDED,  AND  THE  RULES  AND
REGULATIONS THEREUNDER, OR APPLICABLE STATE SECURITIES LAWS.

1.       Basic Terms. This certifies that, for value received, _________________
         (the "Holder") is entitled, subject to the terms and conditions of this
         Warrant,   until  the  expiration   date,  to  purchase  a  maximum  of
         _____________  whole shares of Common Stock, par value $0.001 per share
         (the  "Common  Stock"),  of  Inyx,  Inc.,  a  Nevada  corporation  (the
         "Company").  Shares of Common  Stock may be acquired  from the Company,
         one-half  at a  purchase  price of $1.00 per share  and  one-half  at a
         purchase price of $1.35 per share (the "Purchase  Price"),  on delivery
         of this Warrant to the Company with Form of Election to Purchase in the
         form of Exhibit A duly  ---------  executed and payment of the Purchase
         Price (in cash, by cashier's check payable to the order of the Company,
         or in shares of the Company's Common Stock at their then Stock Price as
         defined  below)  for  each  share  purchased.  This  Warrant  shall  be
         exercisable  at any  time,  in whole or in part,  from the date  hereof
         until 5:00 p.m. Miami Time on __________, 2008 (the "Exercise Period").

2.       Company's  Covenants  as to Common  Stock.  Shares  deliverable  on the
         exercise  of this  Warrant  shall,  at  delivery,  be  fully  paid  and
         non-assessable,  and free from taxes, liens and charges with respect to
         their  purchase.  The Company shall take any necessary  steps to assure
         that the par value per share of the Common  Stock is at all times equal
         to or less than the then current Purchase Price per share of the Common
         Stock issuable pursuant to this Warrant. The Company shall at all times
         reserve and hold available sufficient shares of Common Stock to satisfy
         all   conversion  and  purchase   rights  of  outstanding   convertible
         securities, options and warrants.

3.       Method of Exercise;  Fractional Shares. The purchase rights represented
         by this Warrant are exercisable at the option of the Holder in whole or
         in part,  from time to time,  within  the  Exercise  Period;  provided,
         however,  that purchase  rights are not  exercisable  with respect to a
         fraction of a share of Common Stock. In lieu of issuing a fraction of a
         share  remaining  after  exercise of this Warrant as to all full shares
         covered hereby, the Company shall either (1) pay therefor cash equal to
         the same fraction of the then current Warrant  purchase price per share
         or, at its option,  (2) issue scrip for the fraction,  in registered or
         bearer form  approved by the Board of Directors  of the Company,  which
         shall entitle the Holder to receive a  certificate  for a full share of
         Common Stock on surrender of scrip aggregating a full share.  Scrip may
         become  void after a  reasonable  period  (but not less than six months
         after the expiration  date of this Warrant)  determined by the Board of

<PAGE>

         Directors and  specified in the scrip.  In case of the exercise of this
         Warrant for less than all the shares  purchasable,  the  Company  shall
         cancel the  Warrant and execute and deliver a new Warrant of like tenor
         and date for the  balance of the shares  purchasable.  Upon the date of
         receipt by the Company of an exercise of the Warrant ("Exercise Date"),
         the Warrant shall be deemed to have been  exercised as to the number of
         shares so  purchased,  and the person so  exercising  the Warrant shall
         become a holder of record  of  shares of Common  Stock on the  Exercise
         Date.

4.       Adjustments of Shares and Purchase Price.  The initial number of shares
         of Common  Stock  purchasable  upon  exercise  of this  Warrant and the
         Purchase  Price shall be subject to adjustment  from time to time after
         the date hereof as follows:

         (a)      Recapitalization  or Reclassification of Common Stock. In case
                  the  Company  shall  at any  time  prior  to the  exercise  or
                  termination  of this  Warrant  effect  a  recapitalization  or
                  reclassification of such character that its Common Stock shall
                  be changed into or become exchangeable for a larger or smaller
                  number of shares,  then, upon the effective date thereof,  the
                  number  of  shares of  Common  Stock  that the  Holder of this
                  Warrant  shall be entitled to purchase  upon  exercise  hereof
                  shall be increased or decreased, as the case may be, in direct
                  proportion  to the  increase  or  decrease  in such  number of
                  shares of Common Stock by reason of such  recapitalization  or
                  reclassification, and the Exercise Price of such recapitalized
                  or reclassified Common Stock shall, in the case of an increase
                  in the number of shares, be proportionately  decreased and, in
                  the  case  of  a  decrease   in  the  number  of  shares,   be
                  proportionately increased.

         (b)      Consolidation,  Merger or Sale.  In case the Company  shall at
                  any  time  prior  to the  exercise  of  this  Warrant,  or the
                  expiration  of the Exercise  Period,  whichever  first occurs,
                  consolidate  or merge with any other  corporation  (unless the
                  Company  shall be the  surviving  entity) or  transfer  all or
                  substantially  all of its  assets  to  any  other  corporation
                  preparatory  to a dissolution,  then the Company  shall,  as a
                  condition  precedent  to  such  transaction,  cause  effective
                  provision to be made so that the Holder of this Warrant,  upon
                  the  exercise   thereof  after  the  effective  date  of  such
                  transaction,  shall be entitled to receive the kind and amount
                  of shares,  evidences of  indebtedness,  and/or other property
                  receivable  on such  transaction  by a holder of the number of
                  shares of Common Stock as to which the Warrant was exercisable
                  immediately  prior to such transaction  (without giving effect
                  to any restriction upon such exercise); and, in any such case,
                  appropriate provision shall be made with respect to the rights
                  and  interests  of the Holder  hereof to the  effect  that the
                  provisions of this Warrant shall  thereafter be applicable (as
                  nearly as may be  practicable)  with  respect  to any  shares,
                  evidences  of  indebtedness,  or other  securities  or  assets
                  thereafter deliverable upon exercise of this Warrant.

         (c)      Notice of Adjustment.  Whenever the number of shares of Common
                  Stock  purchasable  upon  exercise  of this  Warrant  shall be
                  adjusted as provided  herein,  the Company shall file with its
                  corporate records a certificate of its Chief Financial Officer
                  setting  forth  the  computation  and the  adjusted  number of
                  shares of Common Stock  purchasable  hereunder  resulting from
                  such  adjustments,  and a copy of such  certificate  shall  be
                  mailed to the Holder.  Any such certificate or letter shall be
                  conclusive evidence as to the correctness of the adjustment or
                  adjustments  referred  to therein and shall be  available  for
                  inspection  by the  holders of the  Warrants on any day during
                  normal business hours.

5.       Limited  Rights of Holder.  This Warrant does not entitle the Holder to
         any voting rights or other rights as a shareholder  of the Company,  or

                                       18
<PAGE>

         to any other rights whatsoever  except the rights herein expressed.  No
         dividends  are  payable  or will  accrue on this  Warrant or the shares
         purchasable  hereunder  until,  and  except to the  extent  that,  this
         Warrant is exercised.

6.       Exchange for Other Denominations.  This Warrant is exchangeable, on its
         surrender by the registered  owner to the Company,  for new Warrants of
         like tenor and date representing in the aggregate the right to purchase
         the number of shares purchasable hereunder in denominations  designated
         by the registered owner at the time of surrender.

7.       Transfer.  Holder  acknowledges  that this  Warrant  and the  shares of
         Common Stock or other securities into which this Warrant is exercisable
         have not been registered under the Securities Act of 1933, or any state
         securities  laws,  but  have  been  and  will  be  issued  pursuant  to
         exemptions therefrom.  Accordingly, Holder acknowledges and agrees that
         this Warrant and the securities acquired by it upon exercise hereof may
         be transferred  or assigned to another party only in accordance  with a
         valid  registration  statement or an exemption from registration  under
         the Securities Act and any applicable state securities laws. Subject to
         applicable  securities  laws, this Warrant and all rights hereunder are
         transferable  by the  Holder  hereof in  person  or by duly  authorized
         attorney on the books of the Company upon  surrender of this Warrant at
         the  principal  offices  of the  Company,  together  with  the  Form of
         Assignment attached hereto as Exhibit B duly executed.  Absent any such
         transfer,  the Company may deem and treat the registered Holder of this
         Warrant at any time as the  absolute  owner hereof for all purposes and
         shall not be affected by any notice to the contrary.

8.       Recognition  of  Registered   Owner.   Prior  to  due  presentment  for
         registration  of  transfer of this  Warrant,  the Company may treat the
         registered owner as the person exclusively  entitled to receive notices
         and otherwise to exercise rights hereunder.

9.       Notice  and  Effect of  Dissolution,  etc.  In case of a  voluntary  or
         involuntary  dissolution,  liquidation,  or winding  up of the  Company
         (other than in connection with the  consolidation  or merger covered by
         Section 5 above) is at any time  proposed,  the  Company  shall give at
         least thirty (30) days' prior written notice to the Holder. Such notice
         shall contain:  (1) the date on which the transaction is to take place;
         (2) the record date (which shall be at least thirty (30) days after the
         giving of the  notice)  as of which  holders of Common  Shares  will be
         entitled to receive distributions as a result of the transaction; (3) a
         brief  description of the  transaction;  (4) a brief  description to be
         made to the  holders of Common  Shares as a result of the  transaction;
         and (5) an estimate of the fair value of the distributions. On the date
         of the transaction,  it if actually occurs, this Warrant and all rights
         hereunder shall terminate.

10.      Method of Giving  Notice;  Extent  Required.  Notices shall be given by
         first-class  mail,  postage  prepaid,  addressed  to the  Holder at the
         address of the owner  appearing in the records of the Company or to the
         Company at its principal office, or at such other addresses as to which
         either  the Holder or the  Company  gives the other  written  notice as
         provided herein.

11.      Entire  Agreement.  This Warrant,  including the exhibits and documents
         referred  to  herein  which  are a  part  hereof,  contain  the  entire
         understanding  of the parties hereto with respect to the subject matter
         and may be amended only by a written instrument executed by the parties
         hereto or their successors or assigns. Any paragraph headings contained
         in this Agreement are for reference  purposes only and shall not affect
         in any way the meaning of interpretation of this Warrant.

12.      Governing  Law.  This  Warrant is governed  by,  interpreted  under and
         construed in all respects in accordance  with the  substantive  laws of
         the State of Nevada  without  regard to the  conflicts of law provision
         thereof,  and  irrespective of the place of domicile or resident of the
         party. In the event of a controversy arising out of the interpretation,

                                       19
<PAGE>

         construction, performance or breach of this Warrant, the parties hereby
         agree and  consent to the  jurisdiction  and venue of the Courts of the
         State of Nevada,  or the United States  District Court for the District
         of Nevada,  and further agree and consent that all personal  service of
         process in any such  action or  preceding  outside  the State of Nevada
         shall be tantamount to service in person in Nevada.

                            [Signature Page Follows]

                                       20
<PAGE>

Witness the seal of the Company and the signatures of its authorized officers.

                                                     INYX, INC.

                                                     By:________________________
                                                         Jack Kachkar, Chairman

<PAGE>

                                    EXHIBIT A

                          FORM OF ELECTION TO PURCHASE

         (To be  Executed  by the  Holder if He  Desires  to  Exercise  Warrants
Evidenced by the Within Warrant Certificate)

To INYX, INC.:

         The  undersigned   hereby   irrevocably  elects  to  exercise  Warrants
evidenced by the within  Warrant  Certificate  for, and to purchase  thereunder,
________________________  full Shares of Inyx, Inc.,  Common Stock issuable upon
exercise of said Warrants and delivery of $1.50 for each share purchased.

                                         (name of holder)

                                         By:____________________________________

                                         Title:_________________________________

TAXPAYER IDENTIFICATION NUMBER:______________________

         If said number of Warrants  shall not be all the Warrants  evidenced by
the within  Warrant  Certificate,  the  undersigned  requests that a new Warrant
Certificate  evidencing  the  Warrants not so exercised be issued in the name of
and delivered to

________________________________________________________________________________
                        (Please Print Name and Address)

________________________________________________________________________________

________________________________________________________________________________

Dated:________________, 20__

Signature:_____________________________

<PAGE>

                                    EXHIBIT B

                               FORM OF ASSIGNMENT

         (To be  executed  by the  registered  holder  if he  desires  to assign
warrants  evidenced by the within warrant  certificate.  Any such  assignment is
subject to certain restrictions contained in the Warrant Certificate.)

         FOR  VALUE  RECEIVED  _________________________________________  hereby
sells, assigns and transfers unto ________________________  Warrants to purchase
_________  shares of Common Stock,  par value $0.001 per share,  of Inyx,  Inc.,
evidenced  by the  within  Warrant  Certificate,  and  does  hereby  irrevocably
constitute  and appoint the Secretary of Inyx,  Inc. as its attorney to transfer
the said Warrants  evidenced by the within  Warrant  Certificate on the books of
the Company, with full power of substitution.

Dated: ____________________, 20__.

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