Document:

EXHIBIT 10.3

                              EMPLOYMENT AGREEMENT

         This Employment Agreement is entered into on April 29, 2004 by and
between Cord Blood America, Inc., a Florida corporation (the "Company"), and
Matthew L. Schissler, an individual (the "Executive").

                                   WITNESSETH:

         WHEREAS, the Executive has served as the Chairman of the Board and
Chief Executive Officer of Cord Partners, Inc., a Florida corporation ("CPI"),
since its inception;

         WHEREAS, the Company has acquired all of the issued and outstanding
shares of common stock of CPI;

         WHEREAS, the Company desires to employ the Executive, and the Executive
desires to be employed by the Company, pursuant to the provisions contained in
this Employment Agreement (the "Agreement");

         NOW, THEREFORE, in consideration of the premises, and the respective
covenants and agreements of each of the Company and the Executive contained in
this Agreement, each of the Company and the Executive agrees as follows:

                                    ARTICLE I

                               CERTAIN DEFINITIONS
                               -------------------

         The following terms shall have the following respective meanings when
utilized in this Agreement:

         "Agreement" means this Employment Agreement as it is now or hereafter
in effect.

         "Approved Board" means a Board of Directors of the Company that, as of
a given date, is comprised of individuals at least a majority of whom have
continuously served as directors of the Company during the period of two years
ending on such date, unless the election of each director who was not a director
at the beginning of such two year period was approved in advance by the
directors representing at least two-thirds of the directors then in office who
were directors at the beginning of such two year period.

<PAGE>

         "Approved Change in Control of the Company" means any transaction or
series of transactions which:

                  (a) results, or is reasonably anticipated to result, in a
         Change in Control of the Company;

                  (b) is approved by the requisite vote of an Approved Board
         pursuant to, and in accordance with, applicable law and the Articles of
         Incorporation and Bylaws of the Company;and

                  (c) if required by applicable law or the Articles of
         Incorporation or Bylaws of the Company, is approved by the requisite
         vote of the shareholders of the Company pursuant to, and in accordance
         with, applicable law and the Articles of Incorporation and Bylaws of
         the Company.

         "Bonus" means, as of a given date, the most recent annual performance
bonus awarded by the Company to the Executive.

         "Cause" means any action by the Executive or any inaction by the
Executive which, after due consideration, is reasonably determined by the Board
of Directors of the Company to constitute:

                  (a) fraud, embezzlement, misappropriation, dishonesty or
         breach of trust;

                  (b) a felony or moral turpitude;

                  (c) material breach or violation of any or all of the
         covenants, agreements and obligations of the Executive set forth in
         this Agreement, other than as the result of the Executive's death or
         Disability;

                  (d) a willful or knowing failure or refusal by the Executive
         to perform any or all of his material duties and responsibilities as an
         officer of the Company, other than as the result of the Executive's
         death or Disability; or

                  (e) gross negligence by the Executive in the performance of
         any or all of his material duties and responsibilities as an officer of
         the Company, other than as a result of the Executive's death or
         Disability;

provided, however, that if the basis for any termination of the Executive's
employment by the Company as set forth in the Termination Notice delivered by
the Company to the Executive is any or all of the definitions of Cause set forth
in paragraphs (c), (d) or (e) of this definition, then, in such event, the
Executive shall have thirty (30) days from and after the date of his receipt of
such Termination Notice to present a reasonable plan to cure such action or
inaction specified in the Termination Notice, which plan may require more than
thirty (30) days to cure the specified action or inaction, but such plan shall
be reasonably satisfactory to the Company.

                                        2
<PAGE>

         "Change in Control of the Company" means any change in control of the
Company of a nature which would be required to be reported (a) in response to
Item 6(e) of Schedule 14A of Regulation 14A, as in effect on the date of this
Agreement, promulgated under the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), (b) in response to Item 1 of the Current Report on Form
8-K, as in effect on the date of this Agreement, promulgated under the Exchange
Act, or (c) in any filing by the Company with the United States Securities and
Exchange Commission; provided, however, that, without limitation, a Change in
Control of the Company shall be deemed to have occurred if:

                  (a) subsequent to the date of this Agreement, any "person" (as
         such term is defined in Sections 13(d)(3) and 14(d)(2) of the Exchange
         Act), other than the Company, any subsidiary of the Company or any
         compensation, retirement, pension or other employee benefit plan or
         trust of the Company or any subsidiary of the Company, becomes the
         "beneficial owner" (as such term is defined in Rule 13d-3 promulgated
         under the Exchange Act), directly or indirectly, of securities of the
         Company or any successor to the Company (whether by merger,
         consolidation or otherwise) representing twenty percent (20%) or more
         of the combined voting power of the Company's then outstanding
         securities;

                  (b) during any period of two consecutive years, the
         individuals who at the beginning of such period constitute the Board of
         Directors of the Company cease for any reason to constitute at least a
         majority of such Board of Directors, unless the election of each
         director who was not a director at the beginning of such period has
         been approved in advance by the directors representing at least
         two-thirds of the directors then in office who were directors at the
         beginning of such period;

                  (c) the Company shall merge or consolidate with or into
         another corporation or other entity, or enter into a binding agreement
         to merge or consolidate with or into another corporation or other
         entity, other than a merger or consolidation which would result in the
         voting securities of the Company outstanding immediately prior thereto
         continuing to represent (either by remaining outstanding or by being
         converted into voting securities of the surviving corporation or
         entity) not less than eighty percent (80%) of the combined voting power
         of the voting securities of the Company or such surviving corporation
         or entity outstanding immediately after such merger or consolidation;

                  (d) the Company shall sell, lease, exchange or otherwise
         dispose of all or substantially all of its assets, or enter into a
         binding agreement for the sale, lease, exchange or other disposition of
         all or substantially all of its assets, in one transaction or in a
         series of related transactions; or

                  (e) the Company shall liquidate or dissolve, or any plan or
         proposal shall be adopted for the liquidation or dissolution of the
         Company.

                                        3
<PAGE>

         "Company" means Cord Blood America, Inc., a Florida corporation.

         "CPI" means Cord Partners, Inc., a Florida corporation.

         "Compensation" means the sum of the Executive's Salary and Bonus.

         "Disability" means any mental or physical illness, condition,
disability or incapacity which prevents the Executive from reasonably
discharging his duties and responsibilities as an officer of the Company. If any
disagreement or dispute shall arise between the Company and the Executive as to
whether the Executive suffers from any Disability, then, in such event, the
Executive shall submit to the physical or mental examination of a licensed
physician, who is mutually agreeable to the Company and the Executive, and such
physician shall determine whether the Executive suffers from any Disability. In
the absence of fraud or bad faith, the determination of such physician shall be
final and binding upon the Company and the Executive. The entire cost of such
examination shall be paid for solely by the Company.

         "Executive" means Matthew L. Schissler, an individual.

         "Good Reason" means:

                  (a) the assignment by the Board of Directors of the Company to
         the Executive, without his express written consent, of duties and
         responsibilities which results in the Executive having less significant
         duties and responsibilities or exercising less significant power and
         authority than he had, or duties and responsibilities or power and
         authority not comparable to that of the level and nature which he had,
         immediately prior to such assignment;

                  (b) the removal of the Executive from, or a failure to
         reappoint the Executive to, his then current position with the Company
         or its subsidiaries or affiliates, except (i) with the Executive's
         express written consent or (ii) in connection with any termination of
         the Executive's employment by the Company as the result of the
         Executive's Protracted Disability or for Cause;

                  (c) the Company's failure to perform on a timely basis its
         obligations under this Agreement;

                  (d) the Company's requiring the Executive, without his express
         written consent, to travel on Company business to an extent
         substantially greater than the Executive's business travel obligations
         immediately prior to such time;

                  (e) the Company's requiring the Executive, without his express
         written consent, to change his place of permanent residency; or

                                        4
<PAGE>

                  (f) the failure of the Company to obtain the express written
         assumption of, and agreement to perform on a timely basis, the
         Company's obligations under this Agreement by any successor to the
         Company as required by Article X of this Agreement.

         "Person" means any individual, person, firm, corporation, partnership,
association or other entity.

         "Protracted Disability" means any Disability which prevents the
Executive from reasonably discharging his duties and responsibilities as an
officer of the Company for a period of twelve (12) consecutive months.

         "Salary" means, as of a given date, the Executive's then current annual
salary.

         "Successor Agreement" shall have the meaning set forth in Article X of
this Agreement.

         "Termination Date" means a specific date not less than forty-five (45)
nor more than ninety (90) days from and after the date of any Termination Notice
upon which the Executive's employment by the Company shall be terminated in
accordance with the provisions of this Agreement.

         "Termination Notice" shall mean a written notice which sets forth (a)
the specific provision of this Agreement relied upon to terminate the
Executive's employment, (b) in reasonable detail the facts and circumstances
claimed to provide the basis for the termination of the Executive's employment,
and (c) a Termination Date.

         "Territory" shall have the meaning set forth in Section 9.1(a) of this
Agreement.

                                   ARTICLE II

                                   EMPLOYMENT
                                   ----------

         The Company employs the Executive and the Executive accepts such
employment. Subject to the direction of the Board of Directors, the Executive
shall serve as the Chairman of the Board and Chief Executive Officer of the
Company, CPI and each of the subsidiary corporations and other entities of the
Company and CPI. The Executive shall have such responsibilities, perform such
duties and exercise such power and authority as are inherent in, or incident to,
the offices of Chairman of the Board and Chief Executive Officer. The Executive
shall devote substantially all of his business time and attention and his best
efforts to the diligent performance of his duties as an employee of the Company.

                                        5
<PAGE>

                                   ARTICLE III

                                      TERM
                                      ----

         Subject to the provisions of Article VII below, the term of this
Agreement shall be for a period of five (5) years, commencing on May 1, 2004 and
expiring on April 30, 2009.

                                   ARTICLE IV

                                     SALARY
                                     ------

         4.1 INITIAL SALARY. In full payment for the obligations to be performed
by the Executive during the term of this Agreement, the Company shall pay to the
Executive a salary (subject to applicable payroll and/or other taxes required by
law to be withheld) as follows:

                  (a) for the period from the date of this Agreement through
December 31, 2004, the amount of One Hundred Twenty-Five Thousand Dollars
($125,000.00);

                  (b) for the period from January 1, 2005 through December 31,
2005, One Hundred Fifty Thousand Dollars ($150,000.00); and

                  (c) for the period from January 1, 2006 through December 31,
2006, One Hundred Seventy-Five Thousand Dollars ($175,000.00).

         4.2 ADJUSTMENT OF SALARY. As promptly as practicable after the
conclusion of each of the Company's fiscal years during the term of the
Executive's employment hereunder, commencing at the conclusion of the Company's
fiscal year ending December 31, 2006, the certified public accountants regularly
retained by the Company shall determine the increase or decrease, if any, in the
cost of living, using as the basis of such computation the then current
applicable Consumer Price Index published by the Bureau of Labor Statistics of
the United States Department of Labor (the "Index"). Any such increase or
decrease shall be computed as follows:

                  (a) The Index number in the column for Los Angeles,
California, entitled "all items," for the month of January shall be the "Current
Index Number" and the corresponding Index number for the immediately preceding
January, commencing with January 2006, shall be the "Base Index Number."

                  (b) The increase or decrease in the cost of living shall be
determined by dividing the Current Index Number by the Base Index Number and
subtracting the integer 1 from the quotient thereof, in accordance with the
following formula:

                                        6
<PAGE>

Increase/Decrease
         in                =        Current Index Number  __  1
Cost of Living                      Base Index Number

                  (c) The percentage increase or decrease in the cost of living,
multiplied by the Executive' then current salary, shall be the increase or
decrease required to be determined pursuant to this Section 4.2.

                  (d) If the publication of the Consumer Price Index is
discontinued for any reason, then the parties shall utilize comparable
statistics of the cost of living for Los Angeles, California, as computed and
published by an agency or instrumentality of the United States of America or by
a responsible financial periodical or recognized authority then to be selected
by the parties.

                  (e) In the absence of fraud, any determination made by the
Company's accountants pursuant to this Section 4.2 shall be conclusive and
binding upon the Company and the Executive.

                  (f) The Executive's then current salary shall be adjusted as
of January 1 of each fiscal year of the Company, commencing with the fiscal year
ending December 31, 2007, in accordance with the provisions of this Section 4.2
and such adjustment shall remain in effect during such fiscal year.

         4.3 PAYMENT OF SALARY. Payments of salary shall be made to the
Executive in installments from time to time on the same dates payments of salary
are generally made to all senior management employees of the Company.

                                    ARTICLE V

                                PERFORMANCE BONUS
                                -----------------

         The Executive may from time to time receive a performance bonus as
shall be determined by the Board of Directors of the Company.

                                   ARTICLE VI

                             CERTAIN FRINGE BENEFITS
                             -----------------------

         6.1 GENERALLY. The Executive shall be entitled to receive such benefits
and to participate in such benefit plans as are generally provided from time to
time by the Company to its senior management employees; provided, however, that
nothing contained in this Section 6.1 shall be construed to obligate the Company
to provide any specific benefits to its employees generally.

                                        7
<PAGE>

         6.2 VACATIONS. The Executive shall be entitled to vacation time on an
annual basis in accordance with such policies as are from time to time adopted
by the Company's Board of Directors with respect to its senior management
employees.

         6.3 AUTOMOBILE. The Company shall provide the Executive an automobile
for use by the Executive in connection with the performance of his duties under
this Agreement. The Executive shall be entitled to receive reimbursement for
such automobile expenses as are incurred by the Executive in connection with the
performance of his duties under this Agreement. Such reimbursement shall include
the cost of operating the automobile, the cost for maintenance of such
automobile and the cost of insurance of such automobile.

         6.4 STOCK OPTIONS. The Executive shall be entitled to participate in
the Company's stock option plans as may from time to time be in effect and to
receive such incentive or other stock options as may from time to time be
granted to him thereunder; provided, however, that nothing contained in this
Section 6.4 shall be construed to obligate the Company, its Board of Directors
or any committee of its Board of Directors to grant any incentive or other stock
option whatsoever to the Executive.

         6.5 BUSINESS, TRAVEL AND ENTERTAINMENT EXPENSES. Within a reasonable
time after the submission of appropriate receipts and other evidence by the
Executive, the Company shall pay, or reimburse the Executive for, all reasonable
business, travel and entertainment expenses incurred by the Executive in
connection with the performance of his duties and responsibilities on behalf of
the Company.

                                   ARTICLE VII

                            TERMINATION OF EMPLOYMENT
                            -------------------------

         7.1      TERMINATION OF EMPLOYMENT.

                  (a) Notwithstanding the provisions of Article III hereof, this
Agreement (i) shall automatically terminate upon the death of the Executive
pursuant to the provisions of Section 7.2 hereof, (ii) may be terminated at any
time by the Company pursuant to the provisions of Sections 7.3 or 7.4 hereof,
and (iii) may be terminated at any time by the Executive pursuant to the
provisions of Section 7.5 hereof.

                  (b) If either the Company or the Executive shall desire to
terminate the Executive's employment by the Company pursuant to any of the
provisions of Sections 7.3, 7.4, or 7.5 of this Agreement, then, in such event,
the party causing such termination shall provide a Termination Notice to the
other party.

                                        8
<PAGE>

                  (c) If this Agreement shall be terminated pursuant to any of
the provisions of this Article VII, the Company shall be discharged from all of
its obligations to the Executive under this Agreement upon the payment to the
Executive of the amount set forth in the Section of this Article VII pursuant to
which such termination shall occur. The Executive's sole and exclusive remedy
for the termination of this Agreement prior to April 30, 2009, regardless of
whether such termination shall be initiated by the Company or the Executive, and
regardless of whether such termination shall be with or without Cause, shall be
the payment by the Company to the Executive of the amount set forth in the
Section of this Article VII pursuant to which such termination shall occur.

         7.2 DEATH OF EXECUTIVE. If during the term of this Agreement the
Executive shall die, then the employment of the Executive by the Company shall
automatically terminate on the date of the Executive's death. In such event, not
more than thirty (30) days after the date of the Executive's death, the Company
shall pay to the Executive's estate or as otherwise directed by the Executive's
personal representative or executor, an amount in cash equal to the Executive's
Compensation (subject to applicable payroll and/or other taxes required by law
to be withheld) determined as of the date of the Executive's death.

         7.3 DISABILITY OF EXECUTIVE.

                  (a) In the event that at any time during the term of this
Agreement the Executive shall suffer any Disability, then the Company shall be
obligated to continue to pay in the ordinary and normal course of its business
to the Executive or his legal representative, as the case may be, the
Executive's Compensation (subject to applicable payroll and/or other taxes
required by law to be withheld) from the date that the Executive shall first
suffer any such Disability to the date that the Executive's employment by the
Company shall be terminated pursuant to any of the provisions of this Agreement.

                  (b) In the event that the Executive shall suffer any
Protracted Disability during the term of this Agreement, then the Company may
terminate the Executive's employment under this Agreement. In such event, in
addition to any other benefits which may have been provided by the Company to
the Executive or his legal representative, as the case may be, pursuant to the
provisions of Section 7.3(a) above, not later than the Termination Date
specified in the Termination Notice delivered by the Company to the Executive or
his legal representative, as the case may be, the Company shall pay to the
Executive or as otherwise directed by the Executive's legal representative an
amount in cash equal to the Executive's Compensation (subject to applicable
payroll and/or taxes required by law to be withheld) determined as of the date
of such Termination Notice. Subsequent to such Termination Date, the Executive
or his legal representative, as the case may be, shall also be entitled to
receive any benefits which may be payable under any disability insurance policy
or disability plan provided to the Executive by the Company.

                                        9
<PAGE>

         7.4 TERMINATION OF EMPLOYMENT BY COMPANY.

                  (a) The Company may terminate this Agreement at any time with
Cause. In such event, the Company shall be obligated to continue to pay in the
ordinary and normal course of its business to the Executive only his Salary
(subject to applicable payroll and/or other taxes required by law to be
withheld) through the Termination Date set forth in the Termination Notice.

                  (b) The Company may terminate this Agreement at any time
without Cause. In such event, (i) not later than the Termination Date specified
in the Termination Notice, the Company shall pay to the Executive an amount in
cash equal to the sum of the Executive's Compensation (subject to applicable
payroll and/or other taxes required by law to be withheld) determined as of the
date of such Termination Notice through the remaining term of the Agreement and
(ii) the restrictions set forth in Section 9.1(b) hereof shall not be applicable
to the Executive.

         7.5 TERMINATION OF EMPLOYMENT BY EXECUTIVE.

                  (a) The Executive may terminate this Agreement at any time
with Good Reason. In such event, (i) not later than the Termination Date
specified in the Termination Notice, the Company shall pay to the Executive an
amount in cash equal to the sum of the Executive's Compensation (subject to
applicable payroll and/or other taxes required by law to be withheld) determined
as of the date of such Termination Notice through the remaining term of the
Agreement and (ii) the restrictions set forth in Section 9.1(b) hereof shall not
be applicable to the Executive.

                  (b) The Executive may terminate this Agreement at any time
without Good Reason. In such event, the Company shall be obligated to continue
to pay in the ordinary and normal course of its business to the Executive only
his Salary (subject to applicable payroll and/or other taxes required by law to
be withheld) through the Termination Date set forth in the Termination Notice.

                                  ARTICLE VIII

                            TERMINATION OF EMPLOYMENT
                        SUBSEQUENT TO A CHANGE IN CONTROL
                                 OF THE COMPANY
                                 --------------

         8.1 TERMINATION OF EMPLOYMENT. Notwithstanding the provisions of
Articles III and VII of this Agreement, in the event that (a) there shall occur
any Change in Control of the Company, other than an Approved Change in Control
of the Company, and (b) at any time subsequent to the date of any such Change in
Control of the Company, either (i) the Company shall terminate the employment of
the Executive for any reason, other than as the result of the death or the
Protracted Disability of the Executive or for Cause, or (ii) the Executive shall
terminate his employment for Good Reason, then, in any such event, (A) not later
than the Termination Date specified in the Termination Notice delivered by the
Company to the Executive, or by the Executive to the Company,

                                       10
<PAGE>

as the case may be, the Company shall pay to the Executive an amount in cash
equal to the Executive's Compensation, determined as of the date of such
Termination Notice, multiplied by three (subject to applicable payroll and/or
other taxes required by law to be withheld), (B) the restrictions set forth in
Section 9.1(b) hereof shall not be applicable to the Executive, and (C) any and
all stock options granted to the Executive under any stock option plan or
agreement of the Company as may from time to time be in effect, which shall not
by their terms have vested on or before such Termination Date, shall vest on
such Termination Date.

         8.2 LIMITATION ON PAYMENT. Notwithstanding anything to the contrary set
forth in Section 8.1 above, the amount paid by the Company to the Executive
shall be limited to the maximum amount which will not constitute a "parachute
payment," as such term is defined in Section 280G(b)(2) of the Internal Revenue
Code of 1986, as amended. This limitation shall first be applied to amounts
provided pursuant to clause (C) of Section 8.1 hereof (otherwise included in the
calculation of a parachute payment) to the extent thereof and then to amounts
provided pursuant to clause (A) of Section 8.1 hereof.

                                   ARTICLE IX

                      CERTAIN RESTRICTIONS ON THE EXECUTIVE
                      -------------------------------------

         9.1 CERTAIN RESTRICTIONS. The Executive covenants and agrees with the
Company as follows:

                  (a) He shall not at any time, directly or indirectly, for
himself or any other Person which competes in any manner with the Company or any
of its subsidiaries or affiliates in the United States of America or its
territories and possessions or any other countries in which the Company as of
the date of termination of this Agreement conducts its business directly or
indirectly through any of its subsidiaries or affiliates (collectively, the
"Territory"), employ, attempt to employ or enter into any contractual
arrangement for employment with, any employee or former employee of the Company
or any of its subsidiaries or affiliates, unless such former employee shall not
have been employed by the Company or any of its subsidiaries or affiliates for a
period of at least one year.

                  (b) He shall not, during the term of this Agreement and for a
period of one year from and after the date of termination of this Agreement,
directly or indirectly, (i) acquire or own in any manner any interest in, or
loan any amount to, any Person which competes in any manner with the Company or
any of its subsidiaries or affiliates in the Territory, (ii) be employed by or
serve as an employee, agent, officer, or director of, or as a consultant to, any
Person, other than the Company and its subsidiaries and affiliates, which
competes in any manner with the Company or its subsidiaries or affiliates in the
Territory, or (iii) compete in any manner with the Company or its subsidiaries
or affiliates in the Territory. The foregoing provisions of this Section 9.1(b)
shall not prevent the Executive from acquiring and owning not more than five
percent (5%) of the equity securities of any Person whose securities are listed
for trading on a national securities exchange or are regularly traded in the
over-the-counter securities market.

                                       11
<PAGE>

                  (c) In the course of the Executive's employment by the
Company, the Executive will have access to confidential or proprietary
information of the Company and its subsidiaries and affiliates. The Executive
shall not at any time divulge or communicate to any Person, or use to the
detriment of the Company or its subsidiaries or affiliates, any such
confidential or proprietary information. The term "confidential or proprietary
information" shall mean information not generally available to the public,
including without limitation personnel information, financial information,
customer lists, supplier lists, marketing plans and analyses, trade secrets,
computer software and source and object codes and procedures and techniques of
operating and managing the business of the Company and its subsidiaries and
affiliates.

         9.2 REMEDIES. It is recognized and acknowledged by each of the Company
and the Executive that a breach or violation by the Executive of any or all of
his covenants and agreements contained in Section 9.1 of this Agreement will
cause irreparable harm and damage to the Company and its subsidiaries and
affiliates in a monetary amount which would be virtually impossible to ascertain
and, therefore, will deprive the Company of an adequate remedy at law.
Accordingly, if the Executive shall breach or violate any or all of his
covenants and agreements set forth in Section 9.1 hereof, then the Company and
its subsidiaries and affiliates shall have resort to all equitable remedies,
including without limitation the remedies of specific performance and
injunction, both permanent and temporary, as well as all other remedies which
may be available at law.

         9.3 INTENT. It is the intent of the parties that the restrictions set
forth in Section 9.1 hereof shall be enforced to the fullest extent permissible
under the laws and public policies of each jurisdiction in which enforcement of
such restrictions may be sought. If any provision contained in Section 9.1
hereof shall be adjudicated by a court of competent jurisdiction to be invalid
or unenforceable because of its duration or geographic scope, then such
provision shall be reduced by such court in duration or geographic scope or both
to such extent as to make it valid and enforceable in the jurisdiction where
such court is located, and in all other respects shall remain in full force and
effect.

                                       12
<PAGE>

                                    ARTICLE X

                            SUCCESSOR TO THE COMPANY
                            ------------------------

                  The Company shall require any successor, whether direct or
indirect, and whether by purchase, merger, consolidation or otherwise, to all or
substantially all of the business or properties and assets of the Company, to
execute and deliver to the Executive, not later than the date of the
consummation of any such purchase, merger, consolidation or other transaction, a
written instrument in form and in substance reasonably satisfactory to the
Executive and his legal counsel pursuant to which any such successor shall agree
to assume and to perform on a timely basis or to cause to be performed on a
timely basis all of the Company's covenants, agreements and obligations set
forth in this Agreement (a "Successor Agreement"). The failure of the Company to
cause any such successor to execute and deliver a Successor Agreement to the
Executive shall (a) constitute a breach of the provisions of this Agreement by
the Company and (b) be deemed to constitute a termination by the Executive of
his employment hereunder (as of the date upon which any such successor shall
succeed to all or substantially all of the business or properties and assets of
the Company) for Good Reason.

                                   ARTICLE XI

                                 ATTORNEYS' FEES
                                 ---------------

                  In the event that any litigation shall arise between the
Company and the Executive based, in whole or in part, upon this Agreement or any
or all of the provisions contained herein, then, in any such event, the
prevailing party in any such litigation shall be entitled to recover from the
non-prevailing party, and shall be awarded by a court of competent jurisdiction,
any and all reasonable fees and disbursements of trial and appellate counsel
paid, incurred or suffered by such prevailing party as the result of, arising
from, or in connection with, any such litigation.

                                   ARTICLE XII

                            MISCELLANEOUS PROVISIONS
                            ------------------------

         12.1 GOVERNING LAW. This Agreement shall be governed by, and shall be
construed and interpreted in accordance, with the laws of the State of Florida,
without giving effect to the principles of the conflict of laws thereof.

         12.2 NOTICES. Any and all notices and other communications required or
permitted to be given pursuant to this Agreement shall be in writing and shall
be deemed to have been duly given when delivered by hand, or when delivered by
mail, by registered or certified mail, postage prepaid, return receipt
requested, to the respective parties at the following respective addresses:

                                       13
<PAGE>

If to the Company:                  Cord Blood America, Inc.
                                    10940 Wilshire Blvd.
                                   Sixth Floor
                                    Beverly Hills, California  90024
                                    Attention:  President

If to the Executive:                Matthew L. Schissler
                                    124 South Carson Road
                                    Beverly Hills, California  90211

or to such other address as either party may from time to time give written
notice of to the other in accordance with the provisions of this Section 12.2.

         12.3 ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
between the Company and the Executive with respect to the subject matter hereof
and supersedes all prior agreements, understandings, negotiations and
arrangements, both oral and written, between the Company and the Executive with
respect to such subject matter.

         12.4 AMENDMENTS. This Agreement may not be amended or modified in any
manner, except by a written instrument executed by each of the Company and the
Executive.

         12.5 BENEFITS; BINDING EFFECT. This Agreement shall be for the benefit
of, and shall be binding upon, each of the Company and the Executive and their
respective heirs, personal representatives, executors, legal representatives,
successors and assigns.

         12.6 SEVERABILITY. The invalidity of any one or more of the words,
phrases, sentences, clauses or sections contained in this Agreement shall not
affect the enforceability of the remaining portions of this Agreement or any
part hereof, all of which are inserted conditionally on their being valid in
law. Except as otherwise provided in Section 9.3 above, if any one or more of
the words, phrases, sentences, clauses or sections contained in this Agreement
shall be declared invalid by any court of competent jurisdiction, then, in any
such event, this Agreement shall be construed as if such invalid word or words,
phrase or phrases, sentence or sentences, clause or clauses, or section or
sections had not been inserted.

         12.7 NO WAIVERS. The waiver by either party of a breach or violation of
any provision of this Agreement by any other party shall not operate nor be
construed as a waiver of any subsequent breach or violation. The waiver by
either party to exercise any right or remedy it or he may possess shall not
operate nor be construed as a bar to the exercise of such right or remedy by
such party upon the occurrence of any subsequent breach or violation.

                                       14
<PAGE>

         12.8 HEADINGS. The headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or
interpretation of any or all of the provisions hereof.

         12.9 COUNTERPARTS. This Agreement may be executed in any number of
counterparts and by the separate parties in separate counterparts, each of which
shall be deemed to constitute an original and all of which shall be deemed to
constitute the one and the same instrument.

         IN WITNESS WHEREOF, each of the parties has executed and delivered this
Agreement on the date first written above.

CORD BLOOD AMERICA, INC.

By       Stephanie A. Schissler                        Matthew L. Schissler
         ----------------------                        --------------------
         Stephanie A. Schissler,                       Matthew L. Schissler
         President and Chief Operating Officer

                                       15EXHIBIT 10.4

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT is entered into on April 29, 2004 by and
between CORD BLOOD AMERICA, INC., a Florida corporation (the "Company"), and
STEPHANIE A. SCHISSLER, an individual (the "Executive").

                                   WITNESSETH:

         WHEREAS, the Executive has served as the President and Chief Operating
Officer of Cord Partners, Inc., a Florida corporation ("CPI"), since its
inception;

         WHEREAS, the Company has acquired all of the issued and outstanding
shares of common stock of CPI;

         WHEREAS, the Company desires to employ the Executive, and the Executive
desires to be employed by the Company, pursuant to the provisions contained in
this Employment Agreement (the "Agreement");

         NOW, THEREFORE, in consideration of the premises, and the respective
covenants and agreements of each of the Company and the Executive contained in
this Agreement, each of the Company and the Executive agrees as follows:

                                    ARTICLE I

                               CERTAIN DEFINITIONS
                               -------------------

         The following terms shall have the following respective meanings when
utilized in this Agreement:

         "Agreement" means this Employment Agreement as it is now or hereafter
in effect.

         "Approved Board" means a Board of Directors of the Company that, as of
a given date, is comprised of individuals at least a majority of whom have
continuously served as directors of the Company during the period of two years
ending on such date, unless the election of each director who was not a director
at the beginning of such two year period was approved in advance by the
directors representing at least two-thirds of the directors then in office who
were directors at the beginning of such two year period.

<PAGE>

         "Approved Change in Control of the Company" means any transaction or
series of transactions which:

                  (a) results, or is reasonably anticipated to result, in a
         Change in Control of the Company;

                  (b) is approved by the requisite vote of an Approved Board
         pursuant to, and in accordance with, applicable law and the Articles of
         Incorporation and Bylaws of the Company;and

                  (c) if required by applicable law or the Articles of
         Incorporation or Bylaws of the Company, is approved by the requisite
         vote of the shareholders of the Company pursuant to, and in accordance
         with, applicable law and the Articles of Incorporation and Bylaws of
         the Company.

         "Bonus" means, as of a given date, the most recent annual performance
bonus awarded by the Company to the Executive.

         "Cause" means any action by the Executive or any inaction by the
Executive which, after due consideration, is reasonably determined by the Board
of Directors of the Company to constitute:

                  (a) fraud, embezzlement, misappropriation, dishonesty or
         breach of trust;

                  (b) a felony or moral turpitude;

                  (c) material breach or violation of any or all of the
         covenants, agreements and obligations of the Executive set forth in
         this Agreement, other than as the result of the Executive's death or
         Disability;

                  (d) a willful or knowing failure or refusal by the Executive
         to perform any or all of her material duties and responsibilities as an
         officer of the Company, other than as the result of the Executive's
         death or Disability; or

                  (e) gross negligence by the Executive in the performance of
         any or all of her material duties and responsibilities as an officer of
         the Company, other than as a result of the Executive's death or
         Disability;

provided, however, that if the basis for any termination of the Executive's
employment by the Company as set forth in the Termination Notice delivered by
the Company to the Executive is any or all of the definitions of Cause set forth
in paragraphs (c), (d) or (e) of this definition, then, in such event, the
Executive shall have thirty (30) days from and after the date of her receipt of
such Termination Notice to present a reasonable plan to cure such action or
inaction specified in the Termination Notice, which plan may require more than
thirty (30) days to cure the specified action or inaction, but such plan shall
be reasonably satisfactory to the Company.

                                       2
<PAGE>

         "Change in Control of the Company" means any change in control of the
Company of a nature which would be required to be reported (a) in response to
Item 6(e) of Schedule 14A of Regulation 14A, as in effect on the date of this
Agreement, promulgated under the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), (b) in response to Item 1 of the Current Report on Form
8-K, as in effect on the date of this Agreement, promulgated under the Exchange
Act, or (c) in any filing by the Company with the United States Securities and
Exchange Commission; provided, however, that, without limitation, a Change in
Control of the Company shall be deemed to have occurred if:

                  (a) subsequent to the date of this Agreement, any "person" (as
         such term is defined in Sections 13(d)(3) and 14(d)(2) of the Exchange
         Act), other than the Company, any subsidiary of the Company or any
         compensation, retirement, pension or other employee benefit plan or
         trust of the Company or any subsidiary of the Company, becomes the
         "beneficial owner" (as such term is defined in Rule 13d-3 promulgated
         under the Exchange Act), directly or indirectly, of securities of the
         Company or any successor to the Company (whether by merger,
         consolidation or otherwise) representing twenty percent (20%) or more
         of the combined voting power of the Company's then outstanding
         securities;

                  (b) during any period of two consecutive years, the
         individuals who at the beginning of such period constitute the Board of
         Directors of the Company cease for any reason to constitute at least a
         majority of such Board of Directors, unless the election of each
         director who was not a director at the beginning of such period has
         been approved in advance by the directors representing at least
         two-thirds of the directors then in office who were directors at the
         beginning of such period;

                  (c) the Company shall merge or consolidate with or into
         another corporation or other entity, or enter into a binding agreement
         to merge or consolidate with or into another corporation or other
         entity, other than a merger or consolidation which would result in the
         voting securities of the Company outstanding immediately prior thereto
         continuing to represent (either by remaining outstanding or by being
         converted into voting securities of the surviving corporation or
         entity) not less than eighty percent (80%) of the combined voting power
         of the voting securities of the Company or such surviving corporation
         or entity outstanding immediately after such merger or consolidation;

                  (d) the Company shall sell, lease, exchange or otherwise
         dispose of all or substantially all of its assets, or enter into a
         binding agreement for the sale, lease, exchange or other disposition of
         all or substantially all of its assets, in one transaction or in a
         series of related transactions; or

                  (e) the Company shall liquidate or dissolve, or any plan or
         proposal shall be adopted for the liquidation or dissolution of the
         Company.

                                       3
<PAGE>

         "Company" means Cord Blood America, Inc., a Florida corporation.

         "CPI" means Cord Partners, Inc., a Florida corporation.

         "Compensation" means the sum of the Executive's Salary and Bonus.

         "Disability" means any mental or physical illness, condition,
disability or incapacity which prevents the Executive from reasonably
discharging her duties and responsibilities as an officer of the Company. If any
disagreement or dispute shall arise between the Company and the Executive as to
whether the Executive suffers from any Disability, then, in such event, the
Executive shall submit to the physical or mental examination of a licensed
physician, who is mutually agreeable to the Company and the Executive, and such
physician shall determine whether the Executive suffers from any Disability. In
the absence of fraud or bad faith, the determination of such physician shall be
final and binding upon the Company and the Executive. The entire cost of such
examination shall be paid for solely by the Company.

         "Executive" means Stephanie A. Schissler, an individual.

         "Good Reason" means:

                  (a) the assignment by the Board of Directors of the Company to
         the Executive, without her express written consent, of duties and
         responsibilities which results in the Executive having less significant
         duties and responsibilities or exercising less significant power and
         authority than she had, or duties and responsibilities or power and
         authority not comparable to that of the level and nature which she had,
         immediately prior to such assignment;

                  (b) the removal of the Executive from, or a failure to
         reappoint the Executive to, her then current position with the Company
         or its subsidiaries or affiliates, except (i) with the Executive's
         express written consent or (ii) in connection with any termination of
         the Executive's employment by the Company as the result of the
         Executive's Protracted Disability or for Cause;

                  (c) the Company's failure to perform on a timely basis its
         obligations under this Agreement;

                  (d) the Company's requiring the Executive, without her express
         written consent, to travel on Company business to an extent
         substantially greater than the Executive's business travel obligations
         immediately prior to such time;

                  (e) the Company's requiring the Executive, without her express
         written consent, to change her place of permanent residency; or

                                       4
<PAGE>

                  (f) the failure of the Company to obtain the express written
         assumption of, and agreement to perform on a timely basis, the
         Company's obligations under this Agreement by any successor to the
         Company as required by Article X of this Agreement.

         "Person" means any individual, person, firm, corporation, partnership,
association or other entity.

         "Protracted Disability" means any Disability which prevents the
Executive from reasonably discharging her duties and responsibilities as an
officer of the Company for a period of twelve (12) consecutive months.

         "Salary" means, as of a given date, the Executive's then current annual
salary.

         "Successor Agreement" shall have the meaning set forth in Article X of
this Agreement.

         "Termination Date" means a specific date not less than forty-five (45)
nor more than ninety (90) days from and after the date of any Termination Notice
upon which the Executive's employment by the Company shall be terminated in
accordance with the provisions of this Agreement.

         "Termination Notice" shall mean a written notice which sets forth (a)
the specific provision of this Agreement relied upon to terminate the
Executive's employment, (b) in reasonable detail the facts and circumstances
claimed to provide the basis for the termination of the Executive's employment,
and (c) a Termination Date.

         "Territory" shall have the meaning set forth in Section 9.1(a) of this
Agreement.

                                   ARTICLE II

                                   EMPLOYMENT
                                   ----------

         The Company employs the Executive and the Executive accepts such
employment. Subject to the direction of the Board of Directors, the Executive
shall serve as the President and Chief Operating Officer of the Company, CPI and
each of the subsidiary corporations and other entities of the Company and CPI.
The Executive shall have such responsibilities, perform such duties and exercise
such power and authority as are inherent in, or incident to, the offices of
President and Chief Operating Officer. The Executive shall devote substantially
all of her business time and attention and her best efforts to the diligent
performance of her duties as an employee of the Company.

                                       5
<PAGE>

                                   ARTICLE III

                                      TERM
                                      ----

         Subject to the provisions of Article VII below, the term of this
Agreement shall be for a period of five (5) years, commencing on May 1, 2004 and
expiring on April 30, 2009.

                                   ARTICLE IV

                                     SALARY
                                     ------

         4.1 INITIAL SALARY. In full payment for the obligations to be performed
by the Executive during the term of this Agreement, the Company shall pay to the
Executive a salary (subject to applicable payroll and/or other taxes required by
law to be withheld) as follows:

                  (a) for the period from the date of this Agreement through
December 31, 2004, the amount of One Hundred Twenty-Five Thousand Dollars
($125,000.00);

                  (b) for the period from January 1, 2005 through December 31,
2005, One Hundred Fifty Thousand Dollars ($150,000.00); and

                  (c) for the period from January 1, 2006 through December 31,
2006, One Hundred Seventy-Five Thousand Dollars ($175,000.00).

         4.2 ADJUSTMENT OF SALARY. As promptly as practicable after the
conclusion of each of the Company's fiscal years during the term of the
Executive's employment hereunder, commencing at the conclusion of the Company's
fiscal year ending December 31, 2006, the certified public accountants regularly
retained by the Company shall determine the increase or decrease, if any, in the
cost of living, using as the basis of such computation the then current
applicable Consumer Price Index published by the Bureau of Labor Statistics of
the United States Department of Labor (the "Index"). Any such increase or
decrease shall be computed as follows:

                  (a) The Index number in the column for Los Angeles,
California, entitled "all items," for the month of January shall be the "Current
Index Number" and the corresponding Index number for the immediately preceding
January, commencing with January 2006, shall be the "Base Index Number."

                  (b) The increase or decrease in the cost of living shall be
determined by dividing the Current Index Number by the Base Index Number and
subtracting the integer 1 from the quotient thereof, in accordance with the
following formula:

                                       6
<PAGE>

Increase/Decrease
         in                =        Current Index Number    __    1
Cost of Living                      Base Index Number

                  (c) The percentage increase or decrease in the cost of living,
multiplied by the Executive' then current salary, shall be the increase or
decrease required to be determined pursuant to this Section 4.2.

                  (d) If the publication of the Consumer Price Index is
discontinued for any reason, then the parties shall utilize comparable
statistics of the cost of living for Los Angeles, California, as computed and
published by an agency or instrumentality of the United States of America or by
a responsible financial periodical or recognized authority then to be selected
by the parties.

                  (e) In the absence of fraud, any determination made by the
Company's accountants pursuant to this Section 4.2 shall be conclusive and
binding upon the Company and the Executive.

                  (f) The Executive's then current salary shall be adjusted as
of January 1 of each fiscal year of the Company, commencing with the fiscal year
ending December 31, 2007, in accordance with the provisions of this Section 4.2
and such adjustment shall remain in effect during such fiscal year.

         4.3 PAYMENT OF SALARY. Payments of salary shall be made to the
Executive in installments from time to time on the same dates payments of salary
are generally made to all senior management employees of the Company.

                                    ARTICLE V

                                PERFORMANCE BONUS
                                -----------------

         The Executive may from time to time receive a performance bonus as
shall be determined by the Board of Directors of the Company.

                                   ARTICLE VI

                             CERTAIN FRINGE BENEFITS
                             -----------------------

         6.1 GENERALLY. The Executive shall be entitled to receive such benefits
and to participate in such benefit plans as are generally provided from time to
time by the Company to its senior management employees; provided, however, that
nothing contained in this Section 6.1 shall be construed to obligate the Company
to provide any specific benefits to its employees generally.

                                       7
<PAGE>

         6.2 VACATIONS. The Executive shall be entitled to vacation time on an
annual basis in accordance with such policies as are from time to time adopted
by the Company's Board of Directors with respect to its senior management
employees.

         6.3 AUTOMOBILE. The Company shall provide the Executive an automobile
for use by the Executive in connection with the performance of her duties under
this Agreement. The Executive shall be entitled to receive reimbursement for
such automobile expenses as are incurred by the Executive in connection with the
performance of her duties under this Agreement. Such reimbursement shall include
the cost of operating the automobile, the cost for maintenance of such
automobile and the cost of insurance of such automobile.

         6.4 STOCK OPTIONS. The Executive shall be entitled to participate in
the Company's stock option plans as may from time to time be in effect and to
receive such incentive or other stock options as may from time to time be
granted to him thereunder; provided, however, that nothing contained in this
Section 6.4 shall be construed to obligate the Company, its Board of Directors
or any committee of its Board of Directors to grant any incentive or other stock
option whatsoever to the Executive.

         6.5 BUSINESS, TRAVEL AND ENTERTAINMENT EXPENSES. Within a reasonable
time after the submission of appropriate receipts and other evidence by the
Executive, the Company shall pay, or reimburse the Executive for, all reasonable
business, travel and entertainment expenses incurred by the Executive in
connection with the performance of her duties and responsibilities on behalf of
the Company.

                                   ARTICLE VII

                            TERMINATION OF EMPLOYMENT
                            -------------------------

         7.1      TERMINATION OF EMPLOYMENT.

                  (a) Notwithstanding the provisions of Article III hereof, this
Agreement (i) shall automatically terminate upon the death of the Executive
pursuant to the provisions of Section 7.2 hereof, (ii) may be terminated at any
time by the Company pursuant to the provisions of Sections 7.3 or 7.4 hereof,
and (iii) may be terminated at any time by the Executive pursuant to the
provisions of Section 7.5 hereof.

                  (b) If either the Company or the Executive shall desire to
terminate the Executive's employment by the Company pursuant to any of the
provisions of Sections 7.3, 7.4, or 7.5 of this Agreement, then, in such event,
the party causing such termination shall provide a Termination Notice to the
other party.

                                       8
<PAGE>

                  (c) If this Agreement shall be terminated pursuant to any of
the provisions of this Article VII, the Company shall be discharged from all of
its obligations to the Executive under this Agreement upon the payment to the
Executive of the amount set forth in the Section of this Article VII pursuant to
which such termination shall occur. The Executive's sole and exclusive remedy
for the termination of this Agreement prior to April 30, 2009, regardless of
whether such termination shall be initiated by the Company or the Executive, and
regardless of whether such termination shall be with or without Cause, shall be
the payment by the Company to the Executive of the amount set forth in the
Section of this Article VII pursuant to which such termination shall occur.

         7.2 DEATH OF EXECUTIVE. If during the term of this Agreement the
Executive shall die, then the employment of the Executive by the Company shall
automatically terminate on the date of the Executive's death. In such event, not
more than thirty (30) days after the date of the Executive's death, the Company
shall pay to the Executive's estate or as otherwise directed by the Executive's
personal representative or executor, an amount in cash equal to the Executive's
Compensation (subject to applicable payroll and/or other taxes required by law
to be withheld) determined as of the date of the Executive's death.

         7.3 DISABILITY OF EXECUTIVE.

                  (a) In the event that at any time during the term of this
Agreement the Executive shall suffer any Disability, then the Company shall be
obligated to continue to pay in the ordinary and normal course of its business
to the Executive or her legal representative, as the case may be, the
Executive's Compensation (subject to applicable payroll and/or other taxes
required by law to be withheld) from the date that the Executive shall first
suffer any such Disability to the date that the Executive's employment by the
Company shall be terminated pursuant to any of the provisions of this Agreement.

                  (b) In the event that the Executive shall suffer any
Protracted Disability during the term of this Agreement, then the Company may
terminate the Executive's employment under this Agreement. In such event, in
addition to any other benefits which may have been provided by the Company to
the Executive or her legal representative, as the case may be, pursuant to the
provisions of Section 7.3(a) above, not later than the Termination Date
specified in the Termination Notice delivered by the Company to the Executive or
her legal representative, as the case may be, the Company shall pay to the
Executive or as otherwise directed by the Executive's legal representative an
amount in cash equal to the Executive's Compensation (subject to applicable
payroll and/or taxes required by law to be withheld) determined as of the date
of such Termination Notice. Subsequent to such Termination Date, the Executive
or her legal representative, as the case may be, shall also be entitled to
receive any benefits which may be payable under any disability insurance policy
or disability plan provided to the Executive by the Company.

                                       9
<PAGE>

         7.4 TERMINATION OF EMPLOYMENT BY COMPANY.

                  (a) The Company may terminate this Agreement at any time with
Cause. In such event, the Company shall be obligated to continue to pay in the
ordinary and normal course of its business to the Executive only her Salary
(subject to applicable payroll and/or other taxes required by law to be
withheld) through the Termination Date set forth in the Termination Notice.

                  (b) The Company may terminate this Agreement at any time
without Cause. In such event, (i) not later than the Termination Date specified
in the Termination Notice, the Company shall pay to the Executive an amount in
cash equal to the sum of the Executive's Compensation (subject to applicable
payroll and/or other taxes required by law to be withheld) determined as of the
date of such Termination Notice through the remaining term of the Agreement and
(ii) the restrictions set forth in Section 9.1(b) hereof shall not be applicable
to the Executive.

         7.5 TERMINATION OF EMPLOYMENT BY EXECUTIVE.

                  (a) The Executive may terminate this Agreement at any time
with Good Reason. In such event, (i) not later than the Termination Date
specified in the Termination Notice, the Company shall pay to the Executive an
amount in cash equal to the sum of the Executive's Compensation (subject to
applicable payroll and/or other taxes required by law to be withheld) determined
as of the date of such Termination Notice through the remaining term of the
Agreement and (ii) the restrictions set forth in Section 9.1(b) hereof shall not
be applicable to the Executive.

                  (b) The Executive may terminate this Agreement at any time
without Good Reason. In such event, the Company shall be obligated to continue
to pay in the ordinary and normal course of its business to the Executive only
her Salary (subject to applicable payroll and/or other taxes required by law to
be withheld) through the Termination Date set forth in the Termination Notice.

                                  ARTICLE VIII

                            TERMINATION OF EMPLOYMENT
                        SUBSEQUENT TO A CHANGE IN CONTROL
                                 OF THE COMPANY
                                 --------------

         8.1 TERMINATION OF EMPLOYMENT. Notwithstanding the provisions of
Articles III and VII of this Agreement, in the event that (a) there shall occur
any Change in Control of the Company, other than an Approved Change in Control
of the Company, and (b) at any time subsequent to the date of any such Change in
Control of the Company, either (i) the Company shall terminate the employment of
the Executive for any reason, other than as the result of the death or the
Protracted Disability of the Executive or for Cause, or (ii) the Executive shall
terminate her employment for Good Reason, then, in any such event, (A) not later
than the Termination Date specified in the Termination Notice delivered by the
Company to the Executive, or by the Executive to the Company,

                                       10
<PAGE>

as the case may be, the Company shall pay to the Executive an amount in cash
equal to the Executive's Compensation, determined as of the date of such
Termination Notice, multiplied by three (subject to applicable payroll and/or
other taxes required by law to be withheld), (B) the restrictions set forth in
Section 9.1(b) hereof shall not be applicable to the Executive, and (C) any and
all stock options granted to the Executive under any stock option plan of the
Company as may from time to time be in effect, which shall not by their terms
have vested on or before such Termination Date, shall vest on such Termination
Date.

         8.2 LIMITATION ON PAYMENT. Notwithstanding anything to the contrary set
forth in Section 8.1 above, the amount paid by the Company to the Executive
shall be limited to the maximum amount which will not constitute a "parachute
payment," as such term is defined in Section 280G(b)(2) of the Internal Revenue
Code of 1986, as amended. This limitation shall first be applied to amounts
provided pursuant to clause (C) of Section 8.1 hereof (otherwise included in the
calculation of a parachute payment) to the extent thereof and then to amounts
provided pursuant to clause (A) of Section 8.1 hereof.

                                   ARTICLE IX

                      CERTAIN RESTRICTIONS ON THE EXECUTIVE
                      -------------------------------------

         9.1 CERTAIN RESTRICTIONS. The Executive covenants and agrees with the
Company as follows:

                  (a) She shall not at any time, directly or indirectly, for
himself or any other Person which competes in any manner with the Company or any
of its subsidiaries or affiliates in the United States of America or its
territories and possessions or any other countries in which the Company as of
the date of termination of this Agreement conducts its business directly or
indirectly through any of its subsidiaries or affiliates (collectively, the
"Territory"), employ, attempt to employ or enter into any contractual
arrangement for employment with, any employee or former employee of the Company
or any of its subsidiaries or affiliates, unless such former employee shall not
have been employed by the Company or any of its subsidiaries or affiliates for a
period of at least one year.

                  (b) She shall not, during the term of this Agreement and for a
period of one year from and after the date of termination of this Agreement,
directly or indirectly, (i) acquire or own in any manner any interest in, or
loan any amount to, any Person which competes in any manner with the Company or
any of its subsidiaries or affiliates in the Territory, (ii) be employed by or
serve as an employee, agent, officer, or director of, or as a consultant to, any
Person, other than the Company and its subsidiaries and affiliates, which
competes in any manner with the Company or its subsidiaries or affiliates in the
Territory, or (iii) compete in any manner with the Company or its subsidiaries
or affiliates in the Territory. The foregoing provisions of this Section 9.1(b)
shall not prevent the Executive from acquiring and owning not more than five
percent (5%) of the equity securities of any Person whose securities are listed
for trading on a national securities exchange or are regularly traded in the
over-the-counter securities market.

                                       11
<PAGE>

                  (c) In the course of the Executive's employment by the
Company, the Executive will have access to confidential or proprietary
information of the Company and its subsidiaries and affiliates. The Executive
shall not at any time divulge or communicate to any Person, or use to the
detriment of the Company or its subsidiaries or affiliates, any such
confidential or proprietary information. The term "confidential or proprietary
information" shall mean information not generally available to the public,
including without limitation personnel information, financial information,
customer lists, supplier lists, marketing plans and analyses, trade secrets,
computer software and source and object codes and procedures and techniques of
operating and managing the business of the Company and its subsidiaries and
affiliates.

         9.2 REMEDIES. It is recognized and acknowledged by each of the Company
and the Executive that a breach or violation by the Executive of any or all of
her covenants and agreements contained in Section 9.1 of this Agreement will
cause irreparable harm and damage to the Company and its subsidiaries and
affiliates in a monetary amount which would be virtually impossible to ascertain
and, therefore, will deprive the Company of an adequate remedy at law.
Accordingly, if the Executive shall breach or violate any or all of her
covenants and agreements set forth in Section 9.1 hereof, then the Company and
its subsidiaries and affiliates shall have resort to all equitable remedies,
including without limitation the remedies of specific performance and
injunction, both permanent and temporary, as well as all other remedies which
may be available at law.

         9.3 INTENT. It is the intent of the parties that the restrictions set
forth in Section 9.1 hereof shall be enforced to the fullest extent permissible
under the laws and public policies of each jurisdiction in which enforcement of
such restrictions may be sought. If any provision contained in Section 9.1
hereof shall be adjudicated by a court of competent jurisdiction to be invalid
or unenforceable because of its duration or geographic scope, then such
provision shall be reduced by such court in duration or geographic scope or both
to such extent as to make it valid and enforceable in the jurisdiction where
such court is located, and in all other respects shall remain in full force and
effect.

                                       12
<PAGE>

                                    ARTICLE X

                            SUCCESSOR TO THE COMPANY
                            ------------------------

                  The Company shall require any successor, whether direct or
indirect, and whether by purchase, merger, consolidation or otherwise, to all or
substantially all of the business or properties and assets of the Company, to
execute and deliver to the Executive, not later than the date of the
consummation of any such purchase, merger, consolidation or other transaction, a
written instrument in form and in substance reasonably satisfactory to the
Executive and her legal counsel pursuant to which any such successor shall agree
to assume and to perform on a timely basis or to cause to be performed on a
timely basis all of the Company's covenants, agreements and obligations set
forth in this Agreement (a "Successor Agreement"). The failure of the Company to
cause any such successor to execute and deliver a Successor Agreement to the
Executive shall (a) constitute a breach of the provisions of this Agreement by
the Company and (b) be deemed to constitute a termination by the Executive of
her employment hereunder (as of the date upon which any such successor shall
succeed to all or substantially all of the business or properties and assets of
the Company) for Good Reason.

                                   ARTICLE XI

                                 ATTORNEYS' FEES
                                 ---------------

                  In the event that any litigation shall arise between the
Company and the Executive based, in whole or in part, upon this Agreement or any
or all of the provisions contained herein, then, in any such event, the
prevailing party in any such litigation shall be entitled to recover from the
non-prevailing party, and shall be awarded by a court of competent jurisdiction,
any and all reasonable fees and disbursements of trial and appellate counsel
paid, incurred or suffered by such prevailing party as the result of, arising
from, or in connection with, any such litigation.

                                   ARTICLE XII

                            MISCELLANEOUS PROVISIONS
                            ------------------------

         12.1 GOVERNING LAW. This Agreement shall be governed by, and shall be
construed and interpreted in accordance, with the laws of the State of Florida,
without giving effect to the principles of the conflict of laws thereof.

         12.2 NOTICES. Any and all notices and other communications required or
permitted to be given pursuant to this Agreement shall be in writing and shall
be deemed to have been duly given when delivered by hand, or when delivered by
mail, by registered or certified mail, postage prepaid, return receipt
requested, to the respective parties at the following respective addresses:

                                       13
<PAGE>

If to the Company:                  Cord Blood America, Inc.
                                    10940 Wilshire Blvd.
                                    Sixth Floor
                                    Beverly Hills, California  90024
                                    Attention:  Chief Executive Officer

If to the Executive:                Stephanie A. Schissler
                                    124 South Carson Road
                                    Beverly Hills, California  90211

or to such other address as either party may from time to time give written
notice of to the other in accordance with the provisions of this Section 12.2.

         12.3 ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
between the Company and the Executive with respect to the subject matter hereof
and supersedes all prior agreements, understandings, negotiations and
arrangements, both oral and written, between the Company and the Executive with
respect to such subject matter.

         12.4 AMENDMENTS. This Agreement may not be amended or modified in any
manner, except by a written instrument executed by each of the Company and the
Executive.

         12.5 BENEFITS; BINDING EFFECT. This Agreement shall be for the benefit
of, and shall be binding upon, each of the Company and the Executive and their
respective heirs, personal representatives, executors, legal representatives,
successors and assigns.

         12.6 SEVERABILITY. The invalidity of any one or more of the words,
phrases, sentences, clauses or sections contained in this Agreement shall not
affect the enforceability of the remaining portions of this Agreement or any
part hereof, all of which are inserted conditionally on their being valid in
law. Except as otherwise provided in Section 9.3 above, if any one or more of
the words, phrases, sentences, clauses or sections contained in this Agreement
shall be declared invalid by any court of competent jurisdiction, then, in any
such event, this Agreement shall be construed as if such invalid word or words,
phrase or phrases, sentence or sentences, clause or clauses, or section or
sections had not been inserted.

         12.7 NO WAIVERS. The waiver by either party of a breach or violation of
any provision of this Agreement by any other party shall not operate nor be
construed as a waiver of any subsequent breach or violation. The waiver by
either party to exercise any right or remedy it or she may possess shall not
operate nor be construed as a bar to the exercise of such right or remedy by
such party upon the occurrence of any subsequent breach or violation.

                                       14
<PAGE>

         12.8 HEADINGS. The headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or
interpretation of any or all of the provisions hereof.

         12.9 COUNTERPARTS. This Agreement may be executed in any number of
counterparts and by the separate parties in separate counterparts, each of which
shall be deemed to constitute an original and all of which shall be deemed to
constitute the one and the same instrument.

         IN WITNESS WHEREOF, each of the parties has executed and delivered this
Agreement on the date first written above.

CORD BLOOD AMERICA, INC.

By       Matthew L. Schissler                            Stephanie A. Schissler
         --------------------                            ----------------------
         Matthew L. Schissler,                           Stephanie A. Schissler
         Chairman of the Board and
         Chief Executive Officer

                                       15

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