Document:

Exhibit 10.12

                      RESTATED CERTIFICATE OF DESIGNATIONS

                                    RESTATED

               CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS

                                       OF

                      SERIES A CONVERTIBLE PREFERRED STOCK

                                       OF

                          BIOACCELERATE HOLDINGS, INC.

                      (Pursuant to Nevada Revised Statutes)

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

      Bioaccelerate Holdings, Inc., a corporation organized and existing under
the laws of the State of Nevada (the "Company"), hereby certifies that, pursuant
to the authority vested in the Board of Directors of the Company (the "Board")
by the Certificate of Incorporation of the Company (the "Certificate of
Incorporation"), as amended, the following resolution was adopted as of
September 1, 2005 by the Board pursuant to the applicable Nevada Revised
Statutes:

      RESOLVED, that pursuant to the authority granted to and vested in the
Board in accordance with the provisions of the Certificate of Incorporation, as
amended, there shall be created a series of Preferred Stock, $0.001 par value,
which series shall have the following designations and number thereof, powers,
preferences, rights, qualifications, limitations and restrictions:

      1. Designation and Number of Shares. There shall hereby be created and
established a series of Preferred Stock designated as "Series A Convertible
Preferred Stock" (the "Series A Preferred Stock"). The authorized number of
shares of Series A Preferred Stock shall be 5,500,000 shares; provided, that
whatever number of shares of Series A Preferred Stock is not issued and sold in
the offering of Series A Preferred Stock being undertaken contemporaneously with
the creation of the Series A Preferred Stock shall be cancelled, retired and
eliminated by the Company from the shares of Series A Preferred Stock which the
Company shall be authorized to issue. Any such shares of Series A Preferred
Stock so cancelled, retired and eliminated shall have the status of authorized
and unissued shares of Preferred Stock issuable in undesignated Series and may
be redesignated and reissued in any series other than as Series A Preferred
Stock.

<PAGE>

      2. Conversion.

      (a) Right to Convert. Each share of Series A Preferred Stock shall be
convertible into a number of shares of the Company's common stock, par value
$0.001 per share (the "Common Stock") equal to the applicable Liquidation Amount
(as defined in Section 5 hereof) divided by the then applicable Conversion Price
(as defined herein) upon the earlier to occur of (i) the election of the holder
to convert (an "Optional Conversion"), in whole or in part, at any time, or from
time to time, commencing with date of the issuance of such share of Series A
Preferred Stock (the "Issuance Date") or (ii) the earliest to occur of the
following dates (an "Automatic Conversion"): (A) the date, at any time after the
one year anniversary of the Issuance Date, upon which both (x) the average of
the Market Price (as defined herein) for a share of Common Stock for a period of
at least thirty consecutive Trading Days (as defined herein) exceeds Three
Hundred Per Cent (300%) of the then-applicable Conversion Price and (y) the
average of the trading volume for the Common Stock during such period exceeds
100,000 shares per day (subject to adjustment of such trading volume threshold
in the event of stock splits, reverse stock splits, stock dividends,
recapitalizations or similar events) shares per Trading Day and the shares of
Common Stock issued upon such conversion are registered at such time under an
effective registration statement; (B) upon the affirmative vote of the holders
of a majority of the then outstanding shares of Series A Preferred Stock; or (C)
immediately prior to the closing of an underwritten public offering of the
Company's Common Stock for aggregate gross proceeds to the Company of not less
than One Hundred Million Dollars ($100,000,000) if the public offering price of
the Company's Common Stock is at least two (2) times the then applicable
Conversion Price and the shares of Common Stock issued upon such conversion are
registered at such time under an effective registration statement.

      (b) As used herein, "Market Price" means, with respect to any applicable
security as of any applicable date, (i) the last closing trade price of such
security on whichever national securities exchange or trading market (including,
without limitation, the Nasdaq and the OTC Bulletin Board) is the principal
trading market where such security is listed by the Company for trading (the
"Principal Market"), as reported by Bloomberg, or (ii) if the Principal Market
should operate on an extended hours basis and does not designate the closing
trade price, then the last trade price of such security prior to the
commencement of extended trading hours on the applicable date, but in no event
later than 4:30:00 p.m., New York local time, as reported by Bloomberg, or (iii)
if no last trade price is reported for such security by Bloomberg, the average
of the bid prices, on the one hand, and the ask prices, on the other hand, of
all market makers for such security as reported in the "pink sheets" by Pink
Sheets LLC (formerly the National Quotation Bureau, Inc.). The applicable
trading market for such calculation, whether it is the Principal Market or the
"pink sheets", is hereafter referred to as the "Trading Market". The Company
shall make all determinations pursuant to this paragraph in good faith. In the
absence of any available public quotations for the Common Stock, the Board shall
determine in good faith the fair value of the Common Stock, which determination
shall be set forth in a certificate by the Secretary of the Company.

      As used herein, "Trading Day" means a day on which the principal Trading
Market with respect to the Common Stock is open for the transaction of business.

                                      -2-
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      (c) Effecting a Conversion. Immediately upon the occurrence of an
Automatic Conversion, each holder's shares of Series A Preferred Stock, shall be
deemed to have been converted into the applicable number of shares of the
Company's Common Stock in accordance with the then applicable Conversion Price,
and certificates evidencing such shares of Common Stock shall be issued to such
holder within five business days after receipt of the applicable certificates
evidencing such holder's shares of Series A Preferred Stock, together with other
customary documentation (including delivery instructions). The holder shall
effect any Optional Conversion by surrendering the certificate or certificates
representing the shares of Series A Preferred Stock to be converted to the
Company, together with written notice of its election to convert and specifying
the name or names (with address) in which a certificate or certificates for
shares of Common Stock are to be issued (a "Stockholder Conversion Notice").
Each Stockholder Conversion Notice shall specify the number of shares of Series
A Preferred Stock to be converted and the date on which such conversion is to be
effected, which date may be neither prior to, nor more than 10 days after, the
date the holder delivers such Stockholder Conversion Notice. If no conversion
date is specified in a Stockholder Conversion Notice, the conversion date shall
be the date that the Stockholder Conversion Notice is delivered. Each
Stockholder Conversion Notice, once given, shall be irrevocable. A holder of
Series A Preferred Stock may only convert shares of Series A Preferred Stock in
blocks equal to not less than the lesser of (i) the number of shares of Series A
Preferred Stock, convertible into 15,000 shares of Common Stock and (ii) all
shares of Series A Preferred Stock then held by the stockholder. If the holder
is converting less than all shares of Series A Preferred Stock represented by
the certificate or certificates tendered by the holder with the Stockholder
Conversion Notice, the Company shall convert the number of shares of Series A
Preferred Stock so specified and shall promptly deliver (but not more than
fifteen business days later) to such holder a certificate for such number of
shares as have not been converted. Upon an Automatic Conversion, the Company
shall notify each holder thereof and each holder shall surrender the certificate
or certificates representing all of the shares of Series A Preferred Stock owned
by such holder and each holder of shares of Series A Preferred Stock shall be
deemed to be the holder of record of the Common Stock issued upon such Automatic
Conversion. All fractional shares resulting from the conversion of the Series A
Preferred Stock shall be rounded up to the next highest whole share. All
certificates representing shares of Series A Preferred Stock surrendered for
conversion shall be delivered to the Company for cancellation and canceled by
it. As promptly as practicable (but no more than ten business days) after the
surrender of any shares of Series A Preferred Stock, the Company shall (subject
to compliance with the applicable provisions of federal and state securities
laws) deliver to the holder of such shares so surrendered certificate(s)
representing the number of fully paid and nonassessable shares of Common Stock
into which such shares are entitled to be converted. Upon a conversion, any
accrued and unpaid dividends shall be paid either in cash, to the extent funds
are legally available therefor, or shares of Common Stock valued at the Market
Price, in the sole discretion of the Company.

      (d) Conversion Price. The initial conversion price per share of the Series
A Preferred Stock (the "Conversion Price"), shall be equal to One Dollar and
Fifty Cents ($1.50) per share of Common Stock into which such number of share of
Series A Preferred Stock is convertible, subject to adjustment as provided in
Section 3.

      (e) Reservation of Shares. The Company covenants that it will at all times
reserve and keep available out of its authorized and unissued Common Stock
solely for the purpose of issuance upon conversion of Series A Preferred Stock,
as herein provided, free from preemptive rights or any other actual contingent
purchase rights of persons other than the holders of Series A Preferred Stock
pursuant to this clause, not less than such number of shares of Common Stock as
shall be issuable upon the conversion of all outstanding shares of Series A
Preferred Stock. The Company covenants that all shares of Common Stock that
shall be so issuable shall, upon issue, be duly and validly authorized, issued
and fully paid, nonassessable and freely tradeable.

                                      -3-
<PAGE>

      If at any time the number of authorized but unissued shares of Common
Stock shall not be sufficient to effect the conversion of all then outstanding
shares of Series A Preferred Stock, in addition to such other remedies as shall
be available to the holders of such Series A Preferred Stock, the Company will
take such corporate action necessary to increase its authorized but unissued
shares of Common Stock to such number of shares as shall be sufficient for such
purposes.

      (f) Issue Taxes. The Company shall pay all issue taxes, if any, incurred
in respect of the issue of shares of Common Stock on conversion. If a holder of
shares of Series A Preferred Stock specifies that the shares of Common Stock to
be issued on Automatic Conversion are to be issued in a name or names other than
the name or names in which such Series A Preferred Stock stand or the names of
affiliates of the initial holder of such shares, then the Company shall not be
required to pay any additional transfer or other taxes incurred by reason of the
issuance of such shares of Common Stock to the name of another, and if the
appropriate transfer taxes shall not have been paid to the Company or the
transfer agent for the Series A Preferred Stock, as applicable, at the time of
Automatic Conversion of the Series A Preferred Stock, as applicable, the shares
of Common Stock issued upon conversion thereof may be registered in the name or
names in which the Series A Preferred Stock, as applicable, were registered,
despite the instructions to the contrary.

            3. Adjustment of Conversion Price.

      (a) Definition of Additional Stock. For purposes of this Section 3,
"Additional Shares of Common Stock" includes all shares of Common Stock issued
by the Company after the Issuance Date, other than:

            (i)   The Shares of Series A Preferred Stock, or the Shares of
         Common Stock issued upon conversion of shares of Series A Preferred
         Stock;

            (ii)  Shares of Common Stock (subject to appropriate adjustment for
         any stock dividend, stock split, combination or other similar
         recapitalization affecting such shares) issuable or issued to the
         Company's employees, officers, directors or consultants pursuant to
         a stock option plan or restricted stock plan approved by the Board;

            (iii) Shares of Common Stock issued or issuable pursuant to
         subsection 3(d) below;

            (iv)  Shares of Common Stock or Preferred Stock issuable upon
         exercise of options, warrants or upon conversion of convertible
         securities or other rights outstanding as of the Issuance Date; and
         options, warrants, and other convertible securities or rights issued in
         connection with the sale by the Company of the Series A Preferred
         Stock, if any; and

            (v)   Securities and options, warrants and other rights to
         purchase securities issued (a) to financial institutions or lessors in
         connections with commercial credit agreements, equipment financings or
         similar transactions or (b) to other corporations, persons or entities
         in connection with acquisitions, mergers or similar business
         combinations, partnership arrangements, strategic alliances, licensing
         arrangements or similar non-capital raising transactions approved by
         the Board, including within this exception securities and options,
         warrants and rights to purchase securities issued to raise capital
         provided that the use of proceeds is to consummate such non-capital
         raising transactions.

                                      -4-
<PAGE>

      The number and kind of securities issuable upon the conversion of the
Series A Preferred Stock and the Conversion Price shall be subject to adjustment
from time to time in accordance with the following provisions:

      (b) Subdivision or Combination of Shares. In the event that the Company
shall at any time or from time to time, prior to conversion of shares of Series
A Preferred Stock (x) subdivide the outstanding shares of Common Stock into a
larger number of shares or (y) combine the outstanding shares of Common Stock
into a smaller number of shares, then, and in each such case, the Conversion
Price in effect immediately prior to such event shall be adjusted (and any other
appropriate actions shall be taken by the Company) so that the holder of any
share of Series A Preferred Stock thereafter surrendered for conversion shall be
entitled to receive the number of shares of Common Stock or other securities of
the Company that such holder would have owned or would have been entitled to
receive upon or by reason of any of the events described above, had such share
of Series A Preferred Stock been converted immediately prior to the occurrence
of such event. An adjustment made pursuant to this Section 3(b) shall become
effective retroactively in the case of any such subdivision or combination, to
the close of business on the day upon which such corporate action becomes
effective.

      (c) Stock Dividends. In case Additional Shares of Common Stock are issued
as a dividend or other distribution on the Common Stock (or such dividend is
declared), the Conversion Price shall be reduced, as of the date a record is
taken of the holders of Common Stock for the purpose of receiving such dividend
or other distribution (or if no such record is taken, as at the earliest of the
date of such declaration, payment or other distribution), to the Conversion
Price determined by multiplying the Conversion Price in effect immediately prior
to such declaration, payment or other distribution by a fraction (i) the
numerator of which shall be the number of shares of Common Stock outstanding
immediately prior to the declaration or payment of such dividend or other
distribution, and (ii) the denominator of which shall be the total number of
shares of Common Stock outstanding immediately after the declaration or payment
of such dividend or other distribution. In the event that the Company shall
declare or pay any dividend on the Common Stock payable in any right to acquire
Common Stock for no consideration, then the Company shall be deemed to have made
a dividend payable in Common Stock in an amount of shares equal to the maximum
number of shares issuable upon exercise of such rights to acquire Common Stock.

      (d) Recapitalization or Reclassification of Common Stock. In case of any
(i) capital reorganization or any reclassification (other than a change in par
value) of the capital stock of the Company, or (ii) exchange or conversion of
the Common Stock for or into securities of another corporation or other entity,
or (iii) consolidation or merger of the Company with or into any other person
(other than a merger which does not result in any reclassification, conversion,
exchange or cancellation of outstanding shares of Common Stock or any issuance
of Additional Shares of Common Stock) or (iv) sale, lease or other conveyance of
all or substantially all of the assets of the Company, then in each instance
referred to in the preceding clauses (i) through (iv), the Board and the person
formed by such consolidation or resulting from such capital reorganization,
reclassification or merger or which acquires (by sale, lease or other
conveyance) such assets, as the case may be, shall make provision such that the
Series A Preferred Stock shall thereafter be convertible for the kind and amount
of shares of stock, other securities, cash and other property receivable upon
such capital reorganization, reclassification, consolidation, merger, sale,
lease or other conveyance, as the case may be, by a holder of shares of Common
Stock equal to the number of shares of Common Stock underlying the Series A
Preferred Stock, as applicable, issuable upon the conversion of the Series A
Preferred Stock immediately prior to the effective date of such capital
reorganization, reclassification, merger, consolidation, sale, lease or other
conveyance and, in each instance referred to in the preceding clauses (i)
through (iv) (each, a "Transaction"), appropriate adjustment (as reasonably
determined in good faith by the Board) shall be made in the application of the
provisions herein set forth with respect to rights and interests thereafter of
the holders of the Series A Preferred Stock, to the end that the provisions set
forth herein (including the specified changes in and other adjustments of the
number of shares underlying the Series A Preferred Stock) shall thereafter be
applicable, as near as reasonably may be, in relation to any such shares of
stock or other securities or other property thereafter deliverable upon
conversion of the Series A Preferred Stock. The Company shall not enter into any
Transaction unless effective provision shall be made so as to give effect to the
provisions set forth in this subsection (d).

                                      -5-
<PAGE>

      The Company shall not effect any transaction described in this subsection
3(d) unless (i) it first gives twenty (20) days' prior written notice of such
merger, consolidation, exchange of shares, recapitalization, reorganization or
other similar event or sale of assets (during which time the holders of Series A
Preferred Stock shall be entitled to convert the Series A Preferred Stock) and
(ii) the resulting successor or acquiring entity (if not the Company) assumes by
written instrument the obligations of this subsection 3(d). The provisions of
this subsection 3(d) shall similarly apply to successive consolidations,
reorganizations, reclassifications, exchanges, conversions, mergers, sales,
leases and other conveyances.

      (e) Issuance of Stock at Less than Conversion Price. If the Company shall
issue any Additional Shares of Common Stock after the Issuance Date (other than
as provided in the foregoing subsections 3(b) through 3(d)), for no
consideration or for a consideration per share less than the Conversion Price in
effect on the date of and immediately prior to such issue, then in such event,
the Conversion Price shall be reduced, concurrently with such issue, to a price
equal to the quotient obtained by dividing:

            (i)   an amount equal to (x) the total number of shares of
Common Stock outstanding immediately prior to such issuance or sale multiplied
by the Conversion Price in effect immediately prior to such issuance or sale,
plus (y) the Aggregate Consideration Received (as such term is defined in
subsection 3(g)(v)) or deemed to be received by the Company upon such issuance
or sale, by

            (ii)  the total number of shares of Common Stock outstanding
immediately after such issuance or sale.

      (f) Issuance of Options and Convertible Securities Deemed Issuance of
Additional Shares of Common Stock. If the Company, at any time or from time to
time after the Issuance Date, shall issue any options, warrants or rights to
purchase Common Stock (collectively, "Options") or securities that, by their
terms, directly or indirectly, are convertible into or exchangeable for shares
of Common Stock ("Convertible Securities") (in each case other than those
securities excluded, pursuant to Section 3, from the definition of "Additional
Shares of Common Stock") or shall fix a record date for the determination of
holders of any class of securities entitled to receive any such Options or
Convertible Securities, in each case other than those securities excluded,
pursuant to Section 3, from the definition of "Additional Shares of Common
Stock", then the maximum number of shares of Common Stock (as set forth in the
instrument relating thereto without regard to any provision contained therein
for a subsequent adjustment of such number) issuable upon the exercise of such
Options or, in the case of Convertible Securities and Options therefor, the
conversion or exchange of such Convertible Securities, shall be deemed to be
Additional Shares of Common Stock issued under this Certificate as of the time
of such issue or, in case such a record date shall have been fixed, as of the
close of business on such record date, provided that in any such case in which
Additional Shares of Common Stock are deemed to be issued:

                                      -6-
<PAGE>

            (i)   no further adjustment in the Conversion Price shall be
         made upon the subsequent issue of Convertible Securities or shares of
         Common Stock upon the exercise of such Options or conversion or
         exchange of such Convertible Securities and, upon the expiration of any
         such Option or the termination of any such right to convert or exchange
         such Convertible Securities, the Conversion Price then in effect
         hereunder shall forthwith be increased to the Conversion Price which
         would have been in effect at the time of such expiration or termination
         had such Option or Convertible Securities, to the extent outstanding
         immediately prior to such expiration or termination, never been issued,
         and the Common Stock issuable thereunder shall no longer be deemed to
         be outstanding;

            (ii)  if such Options or Convertible Securities by their terms
         provide, with the passage of time or otherwise, for any increase in the
         consideration payable to the Company, or decrease in the number of
         shares of Common Stock issuable, upon the exercise, conversion or
         exchange thereof, the Conversion Price computed upon the original issue
         thereof (or upon the occurrence of a record date with respect thereto),
         and any subsequent adjustments based thereon, shall, upon any such
         increase or decrease becoming effective, be recomputed to reflect such
         increase or decrease insofar as it affects such Options or the rights
         of conversion or exchange under such Convertible Securities, provided
         that no readjustment pursuant to this clause (B) shall have the effect
         of increasing the Conversion Price to an amount which exceeds the lower
         of (i) the Conversion Price on the original adjustment date, or (ii)
         the Conversion Price that would have resulted from any issuance of
         Additional Shares of Common Stock between the original adjustment date
         and such readjustment date; and

            (iii) if such Options or Convertible Securities by their terms
         provide, with the passage of time or otherwise, for any decrease in the
         consideration payable to the Company, or increase in the number of
         shares of Common Stock issuable, upon the exercise, conversion or
         exchange thereof, the Conversion Price computed upon the original issue
         thereof (or upon the occurrence of a record date with respect thereto),
         and any subsequent adjustments based thereon, shall, upon any such
         decrease or increase becoming effective, be recomputed to reflect such
         decrease or increase insofar as it affects such Options or the rights
         of conversion or exchange under such Convertible Securities, provided
         that no readjustment pursuant to this clause (C) shall have the effect
         of decreasing the Conversion Price to an amount which exceeds the lower
         of (i) the Conversion Price on the original adjustment date, or (ii)
         the Conversion Price that would have resulted from any issuance of
         Additional Shares of Common Stock between the original adjustment date
         and such readjustment date.

                                      -7-
<PAGE>

      (g) Other Provisions Applicable to Adjustment Under this Section 3. The
following provisions shall be applicable to the adjustments in the Conversion
Price as provided in this Section 3.

            (i)   Treasury Shares. The number of shares of Common Stock at
         any time outstanding shall not include any shares thereof then directly
         or indirectly owned or held by or for the account of the Company.

            (ii)  Other Action Affecting Common Stock. If the Company shall
         take any action affecting the outstanding number of shares of Common
         Stock other than an action described in any of the foregoing
         subsections 3(b) through 3(f) hereof, inclusive, which would have an
         inequitable effect on the holders of the Series A Preferred Stock, then
         the Conversion Price shall be adjusted in such manner and at such times
         as the Board on the advice of the Company's independent public
         accountants may in good faith determine to be equitable in the
         circumstances.

            (iii) Minimum Adjustment. No adjustment of the Conversion
         Price shall be made if the amount of any such adjustment would be an
         amount less than one percent (1%) of the Conversion Price then in
         effect, but any such amount shall be carried forward and an adjustment
         in respect thereof shall be made at the time of and together with any
         subsequent adjustment which, together with such amount and any other
         amount or amounts so carried forward, shall aggregate an increase or
         decrease of one percent (1%) or more.

            (iv)  Certain Adjustments. The Conversion Price shall not be
         adjusted upward except in the event of a combination of the outstanding
         shares of Common Stock into a smaller number of shares of Common Stock.

            (v)   Determination of Consideration.

                  (A)   For purposes of subsection 3(e), the "Effective Price"
            of Additional Shares of Common Stock shall mean the quotient
            determined by dividing the total number of Additional Shares of
            Common Stock issued or sold, or deemed to have been issued or sold,
            by the Corporation under subsection 3(e), into the Aggregate
            Consideration Received, or deemed to have been received, by the
            Company under this subsection 3(e), for the issue of such Additional
            Shares of Common Stock

                  (B)   For purposes of this Subsection 3(f), the Aggregate
            Consideration Received by the Company for the issue of any
            Additional Shares of Common Stock shall be computed as follows:

                  (A)   Cash and Property: Such consideration shall:

                        (1)   insofar as it consists of cash, be computed at the
                              aggregate gross amount of cash received by the
                              Company before deduction of any underwriting or
                              similar commissions, compensation or concessions
                              paid or allowed by the Company in connection with
                              such issue or sale and without deduction of any
                              expenses payable by the Company and excluding
                              amounts paid or payable for accrued interest or
                              accrued dividends;

                                      -8-
<PAGE>

                        (2)   insofar as it consists of property other than
                              cash, be computed at the fair market value thereof
                              at the time of such issue, as determined in good
                              faith by the Board; and

in the event Additional Shares of Common Stock are issued together with other
shares or securities or other assets of the Company for consideration which
covers both, be the proportion of such consideration so received, computed as
provided in clauses (1) and (2) above, as determined in good faith by the Board.

                  (B)   Options and Convertible Securities. The consideration
            per share received by the Company for Additional Shares of Common
            Stock deemed to have been issued pursuant to subsection 3(f)(ii),
            relating to Options and Convertible Securities, shall be determined
            by dividing

                        (1)   the total amount, if any, received or receivable
                              by the Company as consideration for the issue of
                              such Options or Convertible Securities, plus the
                              minimum aggregate amount of additional
                              consideration (as set forth in the instruments
                              relating thereto, without regard to any provision
                              contained therein for a subsequent adjustment of
                              such consideration) payable to the Company upon
                              the exercise of such Options or the conversion or
                              exchange of such Convertible Securities, or in the
                              case of Options for Convertible Securities, the
                              exercise of such Options for Convertible
                              Securities and the conversion or exchange of such
                              Convertible Securities, by

                        (2)   the maximum number of shares of Common Stock (as
                              set forth in the instruments relating thereto,
                              without regard to any provision contained therein
                              for a subsequent adjustment of such number)
                              issuable upon the exercise of such Options or the
                              conversion or exchange of such Convertible
                              Securities.

      (i) No Impairment. The Company will not, by amendment of its Certificate
of Incorporation or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities or any other
voluntary action, avoid or seek to avoid the observance or performance of any of
the terms to be observed or performed hereunder by the Company but will at all
times in good faith assist in the carrying out of all the provisions of Section
3 and in the taking of all such action as may be necessary or appropriate in
order to protect the conversion rights of the holders of the Series A Preferred
Stock against impairment.

      (j) Notices of Adjustments. Whenever the Conversion Price is adjusted as
herein provided, the Chief Financial Officer (or other senior executive officer
in the absence of such person) of the Company shall, in good faith, compute the
adjusted Conversion Price in accordance with the foregoing provisions and shall
prepare a written certificate setting forth such adjusted Conversion Price and
showing in detail the facts upon which such adjustment is based, and such
written instrument shall promptly be delivered to each record holder of the
Series A Preferred Stock.

                                      -9-
<PAGE>

      4.    Ranking.

      The Series A Preferred Stock shall rank, as to dividends, rights upon
liquidation, dissolution or winding up, senior and prior to (i) the Common Stock
and (ii) each other class or series of capital stock of the Company hereafter
created which does not expressly rank pari passu with or senior to the Series A
Preferred Stock, as applicable, except as otherwise approved by the affirmative
vote or consent of the holders of a majority of the outstanding shares of Series
A Preferred Stock pursuant to Section 9 hereof. (All equity securities of the
Company to which the Series A Preferred Stock ranks senior to, whether with
respect to dividends, rights upon liquidation, dissolution, winding up or
otherwise, including the Common Stock, are collectively referred to herein as
"Junior Securities," all equity securities of the Company to which the Series A
Preferred Stock ranks on a parity with, whether with respect to dividends or
upon liquidation, dissolution, winding up or otherwise, are collectively
referred to herein as "Parity Securities" and all equity securities of the
Company to which the Series A Preferred Stock ranks junior, whether with respect
to dividends or upon liquidation, dissolution, winding up or otherwise are
collectively referred to herein as "Senior Securities").

      5.    Liquidation Rights.

            (a) Liquidation Preference. Upon a voluntary or involuntary
liquidation, under applicable bankruptcy or reorganization legislation, or
dissolution or winding up of the Company, (each a "Liquidation"), before any
distribution of assets shall be made to the holders of Junior Securities, the
holder of each share of Series A Preferred Stock then outstanding shall be paid
out of the assets of the Company legally available for distribution to its
stockholders (the "Available Assets") an amount per share equal to the
"Liquidation Amount." For purposes of a Liquidation, the "Liquidation Amount"
shall mean the original issue price per share of the Series A Preferred Stock
($6.00, as adjusted for stock splits, dividends, combinations or other
recapitalization of the Series A Preferred Stock) plus any declared and unpaid
dividends thereon (the "Liquidation Preference"). Upon the completion of the
distribution required by this subsection 5(a), and any other distribution to any
other class or series of Senior Securities, if assets remain in the Company, the
remaining assets of the Company available for distribution to stockholders shall
be distributed among the holders of shares of any other series of preferred
stock in accordance with their respective terms, then to the holders of Common
Stock pro rata based on the number of shares of the Common Stock actually
outstanding and held by holders of shares of Common Stock. Notwithstanding the
foregoing, if the holders of the Series A Preferred Stock would receive on an
as-converted basis an amount greater than the Liquidation Preference, such
holders shall be entitled to receive such greater amount. In the event of any
"Deemed Liquidation" (as such term is hereinafter defined), the holder of each
share of Series A Preferred Stock then outstanding shall be paid out of the
Available Assets the greater of (x) the Liquidation Preference or (y) such
amount as the holders of the Series A Preferred Stock would receive on an
as-converted basis. For purposes hereof, a "Deemed Liquidation" shall be deemed
to have occurred if the Company shall effect any merger, combination,
reorganization of the Company, other than (i) a merger, combination or
reorganization or other transaction (or a related series of such transactions)
in which less than Fifty Per Cent (50%) of the voting power of the Company is
disposed of or in which the stockholders of the Company immediately prior to
such merger, reorganization or consolidation own greater than Fifty Per Cent
(50%) of the Company's voting power immediately after, or (ii) any transaction
to which a majority in interest of the outstanding Series A Preferred Stock has
consented.

                                      -10-
<PAGE>

            (b) Priority. If the Available Assets are insufficient to pay the
holders of Series A Preferred Stock the full amount of the Liquidation Amount,
the holders of Series A Preferred Stock, in the aggregate, will share ratably in
the distribution of the Available Assets in proportion to the respective amounts
that would otherwise be payable in respect of the shares held by them upon such
distribution if all amounts payable on or with respect to such shares were paid
in full.

            (c) Notice. The Company will send a written notice of a Liquidation
to the holders of record of the Series A Preferred Stock, stating a payment
date, the Liquidation Amount and the place where the Liquidation Amount will be
paid, using any of the following delivery methods: (i) in person; (ii) mailed by
certified or registered mail, return receipt requested; or (iii) sent by
national courier, not less than 25 days prior to the payment date stated
therein. The notice will be addressed to each holder at its address as shown by
the records of the Company.

      6.    Appraisal. If a majority in interest of the holders of the Series A
Preferred Stock reasonably disagrees with any of the Board's determinations
referred to in Section 2, Section 3 or Section 5 above (each, a
"Determination"), then the Company and a majority in interest of such holders
(the "Series A Representative") shall use good faith efforts to mutually agree
upon the designation of a single Qualified Appraiser (as defined below) within
seven (7) business days of such event requiring a Determination. The date of
such event requiring a Determination shall be referred to as the "Determination
Date." If such a single Qualified Appraiser is designated, that person shall
make a Determination. If the Company and the Series A Representative do not so
agree upon the designation of a single Qualified Appraiser within such period,
then within five (5) business days following the end of such period, each of the
Company and the Series A Representative by written notice to the other shall
designate a Qualified Appraiser (or if any party fails to select a Qualified
Appraiser within the time period specified, the person selected by the other
party shall be the Qualified Appraiser) and the two Qualified Appraisers so
designated shall within ten (10) business days of their designation jointly
designate a third Qualified Appraiser and solely such third Qualified Appraiser
so designated shall independently make a Determination. If there is only a
single Qualified Appraiser, the fees and expenses of the Qualified Appraiser
shall be paid equally by the Company and the Series A Representative. If three
Qualified Appraisers are appointed, the Company shall pay the fees and expenses
of the Qualified Appraiser which it appoints, the Series A Representative shall
pay the fees and expenses of the Qualified Appraiser which it appoints, and the
fees and expenses of the third Qualified Appraiser shall be shared equally by
the Company and the Series A Representative. The designated Qualified Appraiser
shall make the Determination not later than ten (10) business days following the
Determination Date. The Determination made by the Qualified Appraiser shall be
final, conclusive and binding on the parties hereto. None of the Qualified
Appraisers shall be affiliated with any of the Company, the Series A
Representative or another Qualified Appraiser. For the purposes of this
Agreement, "Qualified Appraiser" shall mean an individual who is engaged on a
regular basis (although not necessarily full time) in valuing securities or
arrangements similar to this Agreement, as the case may be, and may include (but
shall not be limited to) professional business appraisers, investment bankers or
accountants.

                                      -11-
<PAGE>

      7.    Dividends.

      Each share of Series A Preferred Stock shall carry a cumulative dividend
at a rate of Six Per Cent (6%) per annum, payable out of funds legally available
therefor, prior and in preference to the payment of all other dividends on the
Junior Securities, quarterly in arrears (with the first payment on December 31,
2005) in cash or shares of the Company's Common Stock, at the Company's option,
whether or not declared by the Board of Directors. The shares of the Company's
Common Stock issued in payment of the dividend hereunder shall be valued at the
twenty (20) trading day trailing average market price of the Common Stock as of
the date five (5) days prior to the dividend payment date. In the event that the
shares of Common Stock issued in payment of dividends payable more than one
hundred eighty (180) days after the issuance of the Series A Preferred Stock to
which such dividends relate are not then registered under an effective
registration statement, the Company shall only pay such dividends in cash.

      8.    Voting Rights.

      Each holder of outstanding shares of Series A Preferred Stock is entitled
to the number of votes equal to the number of whole shares of Common Stock into
which the shares of Series A Preferred Stock held of record by such holder are
convertible as of the applicable record date at each meeting of stockholders of
the Company (and written actions of stockholders in lieu of meetings) with
respect to any and all matters presented to the stockholders of the Company for
their action or consideration. Except as provided by law and by the provisions
of Section 9 below, the holders of shares of Series A Preferred Stock shall vote
together with the holders of Common Stock as a single class.

      Notwithstanding the above, the Company shall provide each holder of Series
A Preferred Stock with prior written notification of any meeting of the
stockholders (and copies of proxy materials and other information sent to
stockholders). In the event of any undertaking by the Company of a record of its
stockholders for the purpose of determining stockholders who are entitled to
receive payment of any dividend or other distribution, any right to subscribe
for, purchase or otherwise acquire (including by way of merger, consolidation or
recapitalization) any share of any class or any other securities or property, or
to receive any other right, or for the purpose of determining stockholders who
are entitled to vote in connection with any proposed sale, lease or conveyance
of all or substantially all of the assets of the Company, or any proposed
liquidation, dissolution or winding up of the Company, the Company shall mail a
notice to each holder, at least ten (10) days prior to the record date specified
therein (or twenty (20) days prior to the consummation of any transaction or
event, whichever is earlier), of the date on which any such record is to be
taken for the purpose of such dividend, distribution, right or other event, and
a brief statement regarding the amount and character of such dividend,
distribution, right or other event to the extent known at such time.

      To the extent that under the Nevada Revised Statutes ("NRS") the vote of
the holders of the Series A Preferred Stock, voting separately as a class or
series as applicable, is required to authorize a given action of the Company,
the affirmative vote or consent of the holders of at least a majority of the
shares of the Series A Preferred Stock, voting together in the aggregate and not
in separate series unless required under the NRS, represented at a duly held
meeting at which a quorum is present or by written consent of a majority of the
shares of Series A Preferred Stock (except as otherwise may be required under
the NRS), voting together in the aggregate and not in separate series unless
required under the NRS, shall constitute the approval of such action by the
class or by both series, as applicable. To the extent that under the NRS holders
of the Series A Preferred Stock are entitled to vote on a matter with holders of
Common Stock, voting together as one class, each share of Series A Preferred
Stock shall entitle the holder thereof to cast that a number of votes per share
as is equal to the number of shares of Common Stock into which it is then
convertible using the record date for determining the stockholders of the
Company eligible to vote on such matters as the date as of which the Conversion
Price is calculated. Holders of the Series A Preferred Stock shall be entitled
to written notice of all stockholder meetings or written consents (and copies of
proxy materials and other information sent to stockholders) with respect to
which they would be entitled by vote, which notice would be provided pursuant to
the Company's bylaws and the NRS).

                                      -12-
<PAGE>

      9.    Protective Provisions. So long as the shares of Series A Preferred
Stock are outstanding, the Company shall not, take, approve or otherwise ratify
any of the following actions without the consent of at least a majority of the
aggregate of the then outstanding shares of Series A Preferred Stock, voting as
a separate series:

            (a)   authorize, issue or agree to authorize or issue any new class
or series of Senior Securities or Parity Securities or securities or rights of
any kind convertible into or exercisable or exchangeable for any such Senior
Securities or Parity Securities, or offer, sell or issue any Senior Securities
or Parity Securities or securities or rights of any kind convertible into or
exercisable or exchangeable for any such Senior Securities or Parity Securities;

            (b)   purchase, repurchase or redeem shares of (i) Common Stock,
(ii) securities or rights of any kind convertible into or exercisable or
exchangeable for Common Stock or (iii) other securities of the Company, (except
in the case of a termination of an employee, at which the Company may repurchase
or redeem such shares of Common Stock at cost and pursuant to any agreement
under which such shares of Common Stock were issued);

            (c)   increase the authorized number of shares of Series A Preferred
Stock; or

            (d)   amend the Certificate of Incorporation or Bylaws of the
Company or alter or change the rights, preferences or privileges of the Series A
Preferred Stock or any Parity Securities or Senior Securities in each case so as
to affect adversely the rights, preferences or privileges of the Series A
Preferred Stock.

      10.   No Reissuance of Series A Preferred Stock.

      No outstanding share or shares of Series A Preferred Stock acquired by the
Company by reason of redemption, purchase, conversion or otherwise shall be
reissued, and all such shares of Series A Preferred Stock shall be cancelled,
retired and eliminated from the shares of Series A Preferred Stock which the
Company shall be authorized to issue. Any such shares of Series A Preferred
Stock acquired by the Company shall have the status of authorized and unissued
shares of Preferred Stock issuable in undesignated Series and may be
redesignated and reissued in any series other than as Series A Preferred Stock.

      11.   Registered Holders.

      A holder of Series A Preferred Stock registered on the Company's stock
transfer books as the owner of shares of Series A Preferred Stock shall be
treated as the owner of such shares for all purposes. All notices and all
payments required to be mailed to a holder of shares of Series A Preferred Stock
shall be mailed to such holder's registered address on the Company's stock
transfer books, and all dividends and redemption payments to a holder of Series
A Preferred Stock made hereunder shall be deemed to be paid in compliance hereof
on the date such payments are deposited into the mail addressed to such holder
at such holder's registered address on the Company's stock transfer books.

                                      -13-
<PAGE>

      12.   Certain Remedies.

      Any registered holder of shares of Series A Preferred Stock shall be
entitled to an injunction or injunctions to prevent breaches of the provisions
of this Certificate of Designations and to enforce specifically the terms and
provisions of this Certificate of Designations in any court of the United States
or any state thereof having jurisdiction, this being in addition to any other
remedy to which such holder may be entitled at law or in equity.

      13.   Headings of Subdivisions.

      The headings of the various subdivisions hereof are for convenience of
reference only and shall not affect the interpretation of any of the provisions
hereof.

      14.   Severability of Provisions.

      If any right, preference or limitation of the Series A Preferred Stock set
forth herein (as may be amended) from time to time is invalid, unlawful or
incapable of being enforced by reason of any rule of law or public policy, such
right, preference or limitation (including, without limitation, the dividend
rate) shall be enforced to the maximum extent permitted by law and all other
rights, preferences and limitations set forth herein (as so amended) which can
be given effect without the invalid, unlawful or unenforceable right, preference
or limitation herein set forth shall be deemed dependent upon any other such
right, preference or limitation unless so expressed herein.

                                      -14-
<PAGE>

                  [Remainder of Page Intentionally Left Blank.]

                                      -15-
<PAGE>

      IN WITNESS WHEREOF, the undersigned, being the CEO of the Company, has
executed this Certificate of Designations as of September 1, 2005.

                                     BIOACCELERATE HOLDINGS, INC.

                                     By:
                                        ----------------------------------------
                                        Name:
                                        Title:Exibit 10.1

                            INDEMNIFICATION AGREEMENT

         This  Indemnification  Agreement (this "Agreement") is made and entered
into as of ______________, by and between Astrata Group  Incorporated,  a Nevada
corporation (the "Company"), and _______________ (the "Indemnitee").

                              W I T N E S S E T H:

         WHEREAS,  the  interpretation  of ambiguous  statutes,  regulations and
bylaws regarding  indemnification of directors and officers may be too uncertain
to provide  such  directors  and  officers  with  adequate  notice of the legal,
financial  and  other  risks to which  they may be  exposed  by  virtue of their
service as such; and

         WHEREAS,  damages sought against  directors and officers in shareholder
or similar  litigation by class action  plaintiffs may be  substantial,  and the
costs of defending  such actions and of judgments in favor of  plaintiffs  or of
settlement  therewith may be prohibitive for individual  directors and officers,
without  regard to the merits of a particular  action and without  regard to the
culpability  of, or the  receipt  of  improper  personal  benefit  by, any named
director or officer to the detriment of the corporation; and

         WHEREAS, the issues in controversy in such litigation usually relate to
the  knowledge,  motives and intent of the  director or officer,  who may be the
only  person  with  firsthand   knowledge  of  essential  facts  or  exculpating
circumstances  who is qualified to testify in such  person's  defense  regarding
matters  of such a  subjective  nature,  and the long  period of time  which may
elapse before final disposition of such litigation may impose undue hardship and
burden on a director  or officer or on such  person's  estate in  launching  and
maintaining a proper and adequate  defense for a director or officer or for such
person's estate against claims for damages; and

         WHEREAS,  the Company is organized under the Nevada General Corporation
Law (the "NGCL"), and Sections 78.7502 and 78.751 of the Nevada Revised Statutes
("the  NRS")  permit a  corporation  organized  under  the  NGCL to  enter  into
agreements with respect to indemnification; and

         WHEREAS,  the  Articles of  Incorporation  of the Company (as it may be
amended or amended from time to time, the "Articles of  Incorporation)  provides
that the Company "shall  indemnify to the fullest extent permitted by Nevada law
(as the same may be amended and  supplemented)  any person made or threatened to
be made a party to an  action,  suit or  proceeding,  whether  criminal,  civil,
administrative or  investigative,  by reason of the fact that such person or his
or her testator in intestate is or was a director, officer, employee or agent of
the Corporation,  or any predecessor of the Corporation,  or serves or served at
any other enterprise as a director, officer, employee or agent at the request of
the Corporation or any predecessor to the Corporation"; and

<PAGE>

         WHEREAS,  the Board of Directors and  stockholders  of the Company have
concluded  that it is reasonable  and prudent for the Company  contractually  to
obligate  itself to indemnify in a reasonable and adequate manner the Indemnitee
and to  assume  for  itself  maximum  liability  for  expenses  and  damages  in
connection with claims lodged against the Indemnitee for such person's decisions
and  actions as a  director,  officer,  employee or agent of the Company and its
subsidiaries;

         NOW,  THEREFORE,  in consideration of the foregoing,  and of other good
and  valuable   consideration,   the  receipt  and   sufficiency  of  which  are
acknowledged by each of the parties hereto, the parties agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

         For  purposes of this  Agreement,  the  following  terms shall have the
meanings set forth below:

         A. "Board" shall mean the Board of Directors of the Company.

         B. "Corporate Status" shall mean the status of a person who is or was a
director,  officer,  employee or agent of the Company, or is or was or agreed to
become a member of any committee of the Board, and the status of a person who is
or was  serving  or has  agreed  to serve at the  request  of the  Company  as a
director,  officer,  partner  (including  service  as a general  partner  of any
limited partnership),  member, trustee, employee, or agent of another foreign or
domestic  corporation,  partnership,  limited liability company,  joint venture,
trust,  other  incorporated or  unincorporated  entity or enterprise or employee
benefit  plan.  For the  purposes  of this  Agreement,  any person  serving as a
director,   officer,  partner,  member,  trustee,  employee,  or  agent  of  any
subsidiary of the Company or any employee  benefit plan of the Company or any of
its subsidiaries shall be deemed to be so serving at the request of the Company,
and no  corporate  or other  action  shall be or be  deemed  to be  required  to
evidence any such request.

         C. "Expenses"  shall mean any and all expenses  actually and reasonably
incurred  directly or  indirectly in  connection  with a Proceeding,  including,
without  limitation,  all attorneys' fees,  retainers,  court costs,  transcript
costs, fees of experts,  investigation fees and expenses, accounting and witness
fees, travel expenses,  duplicating costs, printing and binding costs, telephone
charges,  postage, delivery service fees and all other disbursements or expenses
of the types  customarily  incurred in connection with  prosecuting,  defending,
preparing to prosecute  or defend,  investigating  or being or preparing to be a
witness in a Proceeding.

         D.  "Liabilities"  shall  mean  liabilities  of  any  type  whatsoever,
including,  without limitation, any judgments, fines, excise taxes and penalties
under the Employee Retirement Income Security Act of 1974, as amended, penalties
and amounts paid in settlement  (including all interest,  assessments  and other
charges  paid or payable  in  connection  with or in respect of such  judgments,
fines, penalties or amounts paid in settlement) actually and reasonably incurred
directly or indirectly in connection with the investigation, defense, settlement
or appeal of any Proceeding or any claim, issue or matter therein.

                                       2
<PAGE>

         E. "Proceeding" shall mean any threatened, pending or completed action,
suit,   proceeding,   arbitration,   alternate  dispute  resolution   mechanism,
investigation,  administrative  hearing  or  any  other  actual,  threatened  or
completed proceeding,  whether civil, criminal,  administrative,  arbitrative or
investigative, any appeal or appeals therefrom, and any inquiry or investigation
that could lead to any of the foregoing.

         F. "Voting  Securities"  shall mean any  securities of the Company that
are entitled to vote generally in the election of directors.

                                   ARTICLE II

                                TERM OF AGREEMENT

         This Agreement  shall continue  until,  and terminate upon the later to
occur of (i) the death of the Indemnitee;  or (ii) the final  termination of all
Proceedings  (including possible Proceedings) in respect of which the Indemnitee
is granted rights of indemnification or advancement of Expenses hereunder and of
any  Proceeding  commenced by the  Indemnitee  regarding the  interpretation  or
enforcement of this Agreement.  This Agreement shall govern the  indemnification
rights of the Indemnitee for all Liabilities and Expenses in connection with any
Proceeding  instituted or commenced on or after the date hereof  notwithstanding
that any alleged act or omission of the  Indemnitee  occurred  prior to the date
hereof. The rights of Indemnitee under this Agreement shall survive  termination
of  Indemnitee's  status  as a  director,  officer,  employee,  or  agent of the
Company.

                                   ARTICLE III

                    NOTICE OF PROCEEDINGS; DEFENSE OF CLAIMS

         Section  3.1 Notice of  Proceedings.  The  Indemnitee  will  notify the
Company  promptly  in writing  upon being  served  with any  summons,  citation,
subpoena, complaint,  indictment,  information or other document relating to any
Proceeding or matter which may be subject to  indemnification  or advancement of
Expenses  covered  hereunder,  but the  Indemnitee's  failure  to so notify  the
Company shall not relieve the Company from any liability to the Indemnitee under
this Agreement.

         Section  3.2  Defense  of  Claims.  The  Company  will be  entitled  to
participate,  at the  expense of the  Company,  in any  Proceeding  of which the
Company  has notice.  The  Company  jointly  with any other  indemnifying  party
similarly  notified of any Proceeding  will be entitled to assume the defense of
the Indemnitee therein, with counsel reasonably  satisfactory to the Indemnitee;
provided,  however, that the Company shall not be entitled to assume the defense
of the Indemnitee in any  Proceeding if the Indemnitee has reasonably  concluded
that there may be a conflict of interest  between the Company and the Indemnitee
with  respect  to  such  Proceeding.  The  Company  will  not be  liable  to the
Indemnitee  under this Agreement for any Expenses  incurred by the Indemnitee in
connection  with the defense of any Proceeding,  other than reasonable  costs of
investigation or as otherwise  provided below,  after notice from the Company to
the Indemnitee of its election to assume the defense of the Indemnitee  therein.
The Indemnitee shall have the right to employ his or her own counsel in any such
Proceeding, but the fees and expenses of such counsel incurred after notice from
the Company of its assumption of the defense  thereof shall be at the expense of
the  Indemnitee  unless (i) the employment of counsel by the Indemnitee has been
authorized by the Company;  (ii) the Indemnitee shall have reasonably  concluded
that counsel employed by the Company may not adequately represent the Indemnitee
and shall have so informed the Company;  or (iii) the Company  shall not in fact
have employed counsel to assume the defense of the Indemnitee in such Proceeding
or such  counsel  shall not, in fact,  have assumed such defense or such counsel
shall not be acting, in connection therewith,  with reasonable diligence; and in
each  such  case the fees and  expenses  of the  Indemnitee's  counsel  shall be
advanced by the Company.

                                       3
<PAGE>

         Section 3.3  Settlement  of Claims.  The  Company  shall not settle any
Proceeding in any manner which would impose any Liability, penalty or limitation
on the Indemnitee,  or cause the Indemnitee to become subject to or bound by any
injunction,  order,  judgment  or decree,  without  the  written  consent of the
Indemnitee,  which consent shall not be  unreasonably  withheld or delayed.  The
Company shall not be liable to indemnify the Indemnitee  under this Agreement or
otherwise for any amounts paid in settlement of any  Proceeding  effected by the
Indemnitee  without the Company's  written  consent,  which consent shall not be
unreasonably withheld or delayed.

                                   ARTICLE IV

                                 INDEMNIFICATION

         Section  4.1 In General.  Upon the terms and subject to the  conditions
set forth in this  Agreement,  the Company shall hold harmless and indemnify the
Indemnitee  against any and all Liabilities and Expenses actually incurred by or
for the Indemnitee in connection with any Proceeding  (whether the Indemnitee is
or becomes a party,  a witness or otherwise is a participant in any role) to the
fullest  extent  required or permitted by  applicable  law in effect on the date
hereof and to such greater  extent as applicable  law may hereafter from time to
time  require  or  permit.  To the extent  that the  Indemnitee  has at any time
heretofore  served  or at any time  hereafter  serves  as a  director,  officer,
employee,  partner,  trustee or agent of, for, or on behalf of any subsidiary of
the Company,  the Company  expressly agrees and acknowledges that Indemnitee was
or is serving in each such capacity at the request of the Company.

         Section 4.2  Proceeding  other Than a Proceeding  by or in the Right of
the Company.  Without  limiting the generality of Section 4.1, if the Indemnitee
was or is a party or is threatened to be made a party to any Proceeding (whether
the Indemnitee is or becomes a party, a witness or otherwise is a participant in
any role) (other than a Proceeding  by or in the right of the Company) by reason
of the  Indemnitee's  Corporate  Status,  or by  reason  of any  alleged  act or
omission by the Indemnitee in any such capacity,  the Company shall,  subject to
the limitations set forth in Section 4.6 below,  hold harmless and indemnify the
Indemnitee  against any and all  Liabilities  and Expenses of the  Indemnitee in
connection with the Proceeding if the Indemnitee acted in good faith.

                                       4
<PAGE>

         Section  4.3  Proceeding  by or in the  Right of the  Company.  Without
limiting the  generality of Section 4.1, if the  Indemnitee was or is a party or
is threatened to be made a party to any Proceeding (whether the Indemnitee is or
becomes a party,  a witness or otherwise is a participant  in any role) by or in
the right of the  Company to  procure a  judgment  in its favor by reason of the
Indemnitee's  Corporate  Status,  or by reason of any alleged act or omission by
the  Indemnitee  in  any  such  capacity,  the  Company  shall,  subject  to the
limitations  set forth in Section 4.6 below,  hold  harmless and  indemnify  the
Indemnitee against any and all Expenses of the Indemnitee in connection with the
Proceeding if the Indemnitee acted in good faith; except that no indemnification
under this Section 4.3 shall be made in respect of any claim, issue or matter as
to which the Indemnitee shall have been finally adjudged, pursuant to a judgment
or other adjudication which is final and has become nonappealable,  to be liable
to the Company, unless a court of appropriate jurisdiction  (including,  but not
limited to, the court in which such Proceeding was brought) shall determine upon
application  that,  despite the adjudication of liability but in view of all the
circumstances  of the case, the Indemnitee is fairly and reasonably  entitled to
indemnification for such Expenses which such court shall deem proper.

         Section  4.4  Indemnification  of a  Party  Who  is  Wholly  or  Partly
Successful. Notwithstanding any other provision of this Agreement, to the extent
that the  Indemnitee  is or has been  successful  on the merits or  otherwise in
defense of any Proceeding, the Indemnitee shall be indemnified by the Company to
the maximum extent consistent with law against all Expenses of the Indemnitee in
connection  therewith.  If the  Indemnitee  is not  wholly  successful  in  such
Proceeding  but is or has been  successful on the merits or otherwise in defense
of one or more but less than all claims,  issues or matters in such  Proceeding,
the Company  shall hold  harmless and  indemnify  the  Indemnitee to the maximum
extent  consistent with law against all Expenses of the Indemnitee in connection
with each  successfully  resolved  claim,  issue or  matter in such  Proceeding.
Resolution of a claim, issue or matter by dismissal,  with or without prejudice,
shall be deemed a successful result as to such claim, issue or matter.

         Section 4.5  Indemnification  for Expenses of Witness.  Notwithstanding
any other  provision of this Agreement,  to the extent that the  Indemnitee,  by
reason of the Indemnitee's Corporate Status, has prepared to serve or has served
as a witness in any Proceeding,  or has participated in discovery proceedings or
other trial  preparation,  the Indemnitee shall be held harmless and indemnified
against all Expenses of the Indemnitee in connection therewith.

         Section 4.6 Specific Limitations on Indemnification. In addition to the
other limitations set forth in this Article IV, and notwithstanding  anything in
this  Agreement to the contrary,  the Company shall not be obligated  under this
Agreement  to  make  any  payment  to  the  Indemnitee  for  indemnification  of
Liabilities or Expenses, or both, in connection with any Proceeding:

                                       5
<PAGE>

                  1. To the extent  that  payment of any of the  Liabilities  or
Expenses  of the  Indemnitee  is  actually  made  to the  Indemnitee  under  any
insurance  policy or is made on behalf of the  Indemnitee by or on behalf of the
Company otherwise than pursuant to this Agreement;

                  2. For any acts or  omissions  or  transactions  from  which a
director may not be relieved of liability under NRS Section 78.138; or

                  3. For an accounting of profits made from the purchase or sale
by the  Indemnitee of  securities  of the Company  within the meaning of section
16(b) of the Securities  Exchange Act of 1934, as amended, or similar provisions
of any federal, state or local statute or regulation.

                                    ARTICLE V

                             ADVANCEMENT OF EXPENSES

         Notwithstanding any provision to the contrary in Article VI hereof, the
Company shall pay or reimburse all Expenses of the Indemnitee incurred by or for
the  Indemnitee  in  connection  with any  Proceeding  in  advance  of the final
disposition  of  such   Proceeding,   provided  that  the  Company  receives  an
undertaking  by or on behalf of the Indemnitee to repay such amounts if it shall
ultimately be determined  that the  Indemnitee is not entitled to be indemnified
by the Company under applicable law (the  "Undertaking").  The Undertaking shall
reasonably evidence the Expenses incurred by or for the Indemnitee.  The Company
shall pay all such  Expenses  within five (5) business days after the receipt by
the Company of the Undertaking.  The Undertaking shall be unsecured and interest
free,  and shall be made and  accepted by the Company  without  reference to the
Indemnitee's financial ability to make repayment.

                                   ARTICLE VI

                             PROCEDURE FOR PAYMENT;
                    DETERMINATION OF RIGHT TO INDEMNIFICATION

         Section  6.1  Procedure  for  Payment.  To obtain  indemnification  for
Liabilities under this Agreement, and to obtain indemnification for Expenses not
paid in advance of the final  disposition of any Proceeding  pursuant to Article
V, the  Indemnitee  shall  submit to the Company a written  request for payment,
including with such request such documentation as is reasonably available to the
Indemnitee and reasonably  necessary to determine  whether,  and to what extent,
the  Indemnitee  is  entitled to  indemnification  and  payment  hereunder.  The
Secretary of the Company,  or such other  person as shall be  designated  by the
Board of Directors, promptly upon receipt of a request for indemnification shall
advise the Board of Directors,  in writing, of such request. Any indemnification
payment  due  hereunder  shall be paid by the  Company  no later  than  five (5)
business  days  following the  determination,  pursuant to this Article VI, that
such indemnification payment is proper hereunder.

                                       6
<PAGE>

         Section  6.2  No  Determination   Necessary  when  the  Indemnitee  was
Successful. To the extent the Indemnitee is or has been successful on the merits
or otherwise in defense of any Proceeding,  or in defense of any claim, issue or
matter therein,  the Company shall indemnify the Indemnitee  against Expenses of
the  Indemnitee in connection  with any such  Proceeding or any claim,  issue or
matter therein as provided in Section 4.4.

         Section  6.3  Determination  of  Indemnification.  Except as  otherwise
provided in Section 6.2, a determination for  indemnification  of the Indemnitee
under Article IV shall be made by the Company only as authorized in the specific
case  upon a  determination  that  indemnification  of  the  present  or  former
director,  officer,  employee or agent is proper given the circumstances,  which
determination shall be made:

                  1. by the stockholders of the Company, by the affirmative vote
of the  majority  of the  Voting  Securities  present  in person or by proxy and
entitled to vote on the subject matter;

                  2. by the Board by  majority  vote of a quorum  consisting  of
directors who were not parties to the action, suit or proceeding;

                  3. if a majority vote of a quorum  consisting of directors who
were not parties to the action,  suit or  proceeding so orders,  by  independent
legal counsel in a written opinion;

                  4. if a quorum consisting of directors who were not parties to
the action, suit or proceeding cannot be obtained,  by independent legal counsel
in a written opinion; or

                  5. the court in which the  Proceeding  is or was pending  upon
application by Indemnitee.

         Section 6.4 Right to Appeal.  Notwithstanding  a  determination  by any
forum   listed  in  Section  6.3  that  the   Indemnitee   is  not  entitled  to
indemnification  with respect to a specific  Proceeding,  or any claim, issue or
matter  therein,  the  Indemnitee  shall have the right to apply to the court in
which that  Proceeding  is or was  pending,  or to any other court of  competent
jurisdiction,   for  the  purpose  of  enforcing  the   Indemnitee's   right  to
indemnification  pursuant  to this  Agreement.  Such  enforcement  action  shall
consider  the  Indemnitee's  entitlement  to  indemnification  de novo,  and the
Indemnitee shall not be prejudiced by reason of a prior  determination  that the
Indemnitee  is not entitled to  indemnification.  The Company shall be precluded
from asserting that the  procedures and  presumptions  of this Agreement are not
valid,  binding and enforceable.  The Company further agrees to stipulate in any
such judicial proceeding that the Company is bound by all the provisions of this
Agreement and is precluded from making any assertion to the contrary.

         Section 6.5 Right to Seek Judicial  Determination.  Notwithstanding any
other provision of this Agreement to the contrary,  at any time after sixty (60)
days after a request for  indemnification  has been made to the Company (or upon
earlier  receipt of written notice that a request for  indemnification  has been
rejected or the  expiration  of time within  which any such payment must be made
hereunder)  and  before  the  third  (3rd)  anniversary  of the  making  of such
indemnification  request,  the  Indemnitee  may  petition  a court of  competent
jurisdiction,  whether or not such court has jurisdiction  over, or is the forum
in which is pending,  the  Proceeding,  to determine  whether the  Indemnitee is
entitled to indemnification  hereunder,  and such court thereupon shall have the
exclusive  authority  to make such  determination,  unless  and until such court
dismisses or otherwise  terminates the  Indemnitee's  action without having made
such  determination.  The  court,  as  petitioned,  shall  make  an  independent
determination   of  whether  the  Indemnitee  is  entitled  to   indemnification
hereunder,  without  regard to any  prior  determination  in any other  forum as
provided hereby.

                                       7
<PAGE>

         Section 6.6 Expenses under this  Agreement.  Notwithstanding  any other
provision in this  Agreement to the contrary,  the Company  shall  indemnify the
Indemnitee  against all Expenses  incurred by the Indemnitee in connection  with
any hearing,  action,  suit or  proceeding  under this Article VI involving  the
Indemnitee  and against all Expenses  incurred by the  Indemnitee  in connection
with any other hearing,  action,  suit or proceeding between the Company and the
Indemnitee  involving the  interpretation  or  enforcement  of the rights of the
Indemnitee  under  this  Agreement,  even if it is finally  determined  that the
Indemnitee  is not entitled to  indemnification  in whole or in part  hereunder,
unless a court of competent  jurisdiction  determines  that each of the material
assertions made by Indemnitee in connection with such hearing,  action,  suit or
proceeding was not made in good faith or was frivolous.

                                   ARTICLE VII

                 PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS

         Section 7.1 Burden of Proof. In making a determination  with respect to
entitlement  to  indemnification  hereunder,  the  person,  persons,  entity  or
entities making such determination shall presume that the Indemnitee is entitled
to indemnification under this Agreement and the Company shall have the burden of
proof to overcome that presumption.

         Section  7.2  Effect  of  other  Proceedings.  The  termination  of any
Proceeding  or of any  claim,  issue or  matter  therein,  by  judgment,  order,
settlement,  conviction,  or upon a plea of nolo  contendere or its  equivalent,
shall not, of itself,  create a presumption  that the  Indemnitee did not act in
good faith or is liable pursuant to NRS Section 78.138.

         Section 7.3 Reliance as Safe Harbor.  For purposes of any determination
of whether any act or omission of the Indemnitee was done or made in good faith,
each act or  omission of the  Indemnitee  shall be deemed to be in good faith if
the Indemnitee's act or omission is based on the records or books of accounts of
the Company,  including financial statements,  or on information supplied to the
Indemnitee by the officers of the Company in the course of their  duties,  or on
the advice of legal counsel for the Company,  or on information or records given
or reports made to the Company by an independent  certified public accountant or
by an appraiser or other expert  selected with  reasonable  care by the Company.
The  provisions  of this  section 7.3 shall not be deemed to be  exclusive or to
limit in any way the other  circumstances  in which the Indemnitee may be deemed
to have met the  applicable  standard of conduct set forth in this  Agreement or
under applicable law.

                                       8
<PAGE>

         Section 7.4 Actions of Others. The knowledge and/or actions, or failure
to act, of any other director,  officer,  agent or employee of the Company shall
not be  imputed to the  Indemnitee  for  purposes  of  determining  the right to
indemnification under this Agreement.

                                  ARTICLE VIII

                  INSURANCE; OTHER INDEMNIFICATION ARRANGEMENTS

         Section  8.1  Insurance.  In  the  event  that  the  Company  maintains
officers' and  directors' or similar  liability  insurance to protect itself and
any director or officer of the Company  against any expense,  liability or loss,
such  insurance  shall cover the  Indemnitee to at least the same degree as each
other director and/or officer of the Company.

         Section  8.2 Other  Arrangements.  The  Articles of  Incorporation  and
Bylaws of the Company and the NGCL permit the Company to purchase  and  maintain
insurance on behalf of the Indemnitee  against any Liability asserted against or
incurred by him or any Expenses  incurred by him or on his behalf in  connection
with actions  taken or  omissions by the  Indemnitee  in his  Corporate  Status,
whether or not the  Company  would have the power to  indemnify  the  Indemnitee
under this  Agreement  or under the NGCL,  as they may be in effect from time to
time.  The  purchase of any such  insurance  shall in no way affect or limit the
rights and  obligations of the Indemnitee and the Company  hereunder,  except as
expressly  provided herein,  and the execution and delivery of this Agreement by
the  Indemnitee  and the Company  shall in no way affect or limit the rights and
obligations   of  such  parties   under  or  with  respect  to  any  other  such
Indemnification Arrangement (as defined in Section 9.1).

                                   ARTICLE IX

                 NON-EXCLUSIVITY, SUBROGATION AND MISCELLANEOUS

         Section 9.1  Non-Exclusivity.  The rights of the  Indemnitee  hereunder
shall not be deemed exclusive of any other rights to which the Indemnitee may at
any time be entitled under any provision of law, the Articles of  Incorporation,
the Bylaws of the Company,  as the same may be in effect from time to time,  any
other  agreement,  a vote of  stockholders  of the  Company or a  resolution  of
directors of the Company or otherwise (each an  "Indemnification  Arrangement"),
and to the  extent  that  during  the term of this  Agreement  the rights of the
then-existing  directors and officers of the Company are more  favorable to such
directors or officers than the rights currently provided to the Indemnitee under
this  Agreement,  the Indemnitee  shall be entitled to the full benefits of such
more favorable  rights. No amendment,  alteration,  rescission or replacement of
this Agreement or any provision hereof which would in any way limit the benefits
and protections  afforded to an Indemnitee  hereby shall be effective as to such
Indemnitee  with  respect  to any  act or  omission  by such  Indemnitee  in the
Indemnitee's Corporate Status prior to such amendment, alteration, rescission or
replacement.

         Section  9.2  Subrogation.  In the  event  of any  payment  under  this
Agreement,  the Company shall be subrogated to the extent of such payment to all
of the rights of recovery of the  Indemnitee,  who shall  execute all  documents
required  and take  all  action  necessary  to  secure  such  rights,  including
execution of such documents as are necessary to enable the Company to bring suit
to enforce such rights.

                                       9
<PAGE>

         Section  9.3  Notices.  All  notices,   requests,   demands  and  other
communications  hereunder  shall be in writing  and shall be deemed to have been
duly given (i) if delivered by hand, by courier or by telegram and receipted for
by the party to whom said notice or other communication shall have been directed
at the time indicated on such receipt;  (ii) if by facsimile,  at the time shown
on the  confirmation  of  such  facsimile  transmission;  or  (iii)  if by  U.S.
certified or registered  mail, with postage  prepaid,  on the third business day
after the date on which it is so mailed:  if to the  Indemnitee,  to the address
shown with the Indemnitee's signature below; if to the Company to: Astrata Group
Incorporated,  Attention:  President,  1801 Century Park East,  Suite 1830,  Los
Angeles,  California  90067-2320;  or to such  other  address  as may have  been
furnished to the Indemnitee by the Company or to the Company by the  Indemnitee,
as the case may be.

         Section 9.4 Governing Law. The parties agree that this Agreement  shall
be governed by, and construed and enforced in accordance  with, the  substantive
laws of the State of Nevada,  without regard to the principles of choice of laws
thereof.

         Section 9.5 Binding  Effect.  This Agreement  shall be binding upon and
inure  to  the  benefit  of the  parties  hereto  and  their  heirs,  executors,
administrators,  legal  representatives,  successors and permitted assigns. This
Agreement cannot be assigned by the Company,  either directly or indirectly,  by
purchase,  merger,  consolidation  or  otherwise,  without the  express  written
consent of the Indemnitee unless the Company shall have received,  prior to such
assignment,  from any  successor or assignee  (whether  direct or  indirect,  by
purchase,  merger,  consolidation  or otherwise) a written  agreement,  in form,
scope and substance  reasonably  satisfactory  to the  Indemnitee,  expressly to
assume and agree to be bound by and to perform this Agreement in the same manner
and to the same extent as the Company  would be required to perform  absent such
succession or assignment.

         Section 9.6  Severability.  If any provision of this  Agreement is held
invalid  or  unenforceable  by any court of  competent  jurisdiction,  the other
provisions of this Agreement will remain in full force and effect. Any provision
of this  Agreement  held  invalid or  unenforceable  only in part or degree will
remain in full force and effect to the extent not held invalid or unenforceable.
It is the express intention and agreement of the Company and the Indemnitee that
any court of competent  jurisdiction  that interprets or enforces this Agreement
have full power and  authority  to reform any  provision  of this  Agreement  to
modify the invalid or unenforceable  provision to achieve the parties' intent to
provide the Indemnitee with  indemnification for Liabilities and Expenses to the
maximum extent permitted by applicable law.

         Section  9.7  Waiver.  No  termination,   cancellation,   modification,
amendment,  deletion,  addition  or  other  change  in  this  Agreement,  or any
provision  hereof,  or waiver of any right or remedy herein,  shall be effective
for any purpose unless  specifically  set forth in a writing signed by the party
or parties to be bound  thereby.  The waiver of any right or remedy with respect
to any  occurrence on one occasion shall not be deemed a waiver of such right or
remedy with respect to such occurrence on any other occasion.

                                       10
<PAGE>

         Section 9.8 Entire  Agreement.  This Agreement  constitutes  the entire
agreement and understanding among the parties hereto in reference to the subject
matter hereof;  provided,  however,  that the parties acknowledge and agree that
the NGCL and the Articles of Incorporation and Bylaws of the Company and each of
its subsidiaries  contain  provisions on the subject matter hereof and that this
Agreement is not intended to, and does not,  limit the rights or  obligations of
the parties hereto pursuant to the NGCL or such instruments,  or under any other
contract, agreement, insurance policy or other instrument or document heretofore
or  hereafter   existing   which   provides  to  the  Indemnitee  any  right  of
indemnification or reimbursement of any nature whatsoever.

         Section 9.9 Titles.  The titles to the  articles  and  sections of this
Agreement  are inserted  for  convenience  of  reference  only and should not be
deemed a part  hereof  or  affect  the  construction  or  interpretation  of any
provisions hereof.

         Section 9.10  Pronouns  and Plurals.  Whenever the context may require,
any pronoun used in this Agreement  shall include the  corresponding  masculine,
feminine or neuter  forms,  and the singular  form of nouns,  pronouns and verbs
shall include the plural and vice versa.

         Section 9.11  Counterparts.  This  Agreement  may be executed in two or
more counterparts,  each of which shall be deemed an original,  but all of which
together constitute one agreement binding on all the parties hereto.

                            [Signature Page Follows]

                                       11
<PAGE>

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

                           ASTRATA GROUP INCORPORATED

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

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

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

                           as INDEMNITEE

                           Print Name:
                                      ------------------------------------------

                           Address:
                                   ---------------------------------------------

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

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

                           Facsimile No.:
                                         ---------------------------------------

                                       12

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