Document:

EXHIBIT 10.2

                AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT
                ------------------------------------------------

LIFESTREAM TECHNOLOGIES, INC.
LIFESTREAM DIAGNOSTICS, INC.
510 CLEARWATER LOOP, SUITE 101
POST FALLS, IDAHO 83854

         This Amended and Restated Loan and Security Agreement dated as of
November 12, 2004 (as the same may be further amended, restated, supplemented or
otherwise modified from time to time, this "Agreement"), is by and among
LIFESTREAM TECHNOLOGIES, INC., a Nevada corporation ("LTI"), LIFESTREAM
DIAGNOSTICS, INC., a Nevada corporation ("LDI"; LTI and LDI sometimes
hereinafter are referred to individually as a "Borrower" and collectively as the
"Borrowers"), and RAB SPECIAL SITUATIONS LP, a Delaware limited partnership (the
"Lender"), as successor in interest via assignment from Capital South Financial
Services, Inc., a Georgia corporation ("Capital South").

                                R E C I T A L S:

         A. LTI and Capital South entered into, among other things, (i) that
certain Loan and Security Agreement dated as of June 18, 2002 (the "Original LTI
Loan Agreement") and (ii) that certain Loan and Security Agreement dated as of
May 1, 2003, which amended the Original LTI Loan Agreement (the "Existing LTI
Loan Agreement"), pursuant to which, among other things, Capital South made
financial accommodations available to LTI, subject to the terms and conditions
set forth therein.

         B. LDI and Capital South entered into, among other things, (i) that
certain Loan and Security Agreement dated as of June 18, 2002 (the "Original LDI
Loan Agreement") and (ii) that certain Loan and Security Agreement dated as of
May 1, 2003, which amended the Original LDI Loan Agreement (the "Existing LDI
Loan Agreement"), pursuant to which, among other things, Capital South made
financial accommodations available to LDI, subject to the terms and conditions
set forth therein.

         C. The Lender and Capital South entered into that certain Master
Assignment and Assumption Agreement dated as of November 8, 2004 (the
"Assignment Agreement"), pursuant to which, among other things, Capital South
sold and assigned to the Lender of all Capital South's right, title and interest
in, to and under the Original LTI Loan Agreement, the Existing LTI Loan
Agreement, the Original LDI Loan Agreement, the Existing LDI Loan Agreement and
all other agreements, promissory notes, instruments, financial statements and
documents executed in connection with any of the foregoing (collectively, the
"Existing Loan Documents").

         D. LTI and LDI have requested that the Lender amend and restate in
their entirety each of the Original LTI Loan Agreement, the Existing LTI Loan
Agreement, the Original LDI Loan Agreement and the Existing LDI Loan Agreement.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, and to induce the Lender to accept
this Agreement and to make the loans and advances described herein, LTI, LDI and
the Lender hereby agree to amend and restate in their entirety each of the
Original LTI Loan Agreement, the Existing LTI Loan Agreement, the Original LDI
Loan Agreement and the Existing LDI Loan Agreement as follows:

<PAGE>

         1. The Loan. The Borrowers have requested, and the Lender has agreed to
make, subject to the terms and conditions set forth in this Agreement, a loan to
the Borrowers up to the maximum amount of $2,869,740.00 (hereinafter referred to
as the "Loan"). Capital South agreed to make loans to the Borrowers up to the
amount of $3,000,000 under the Existing Loan Documents, of which amount
$920,323.16 remains outstanding on the date hereof and is hereby deemed to be
outstanding as a portion of the Loan under this Agreement and the Note (as
hereinafter defined) as of the effective date of this Agreement (the "Closing
Date"). On the Closing Date, the Lender shall advance to the Borrowers a portion
of the Loan in the amount of $974,708 (the "Initial Advance"), of which amount
$750,000 shall be paid in cash to the Borrowers and $224,708 shall constitute
original issue discount ("OID"). On the Second Advance Closing Date (as defined
in Section 3 hereof), upon satisfaction of the conditions precedent to the
Second Advance (as hereinafter defined), the Lender shall advance to the
Borrowers a portion of the Loan in the amount of $974,707 (the "Second
Advance"), of which amount $750,000 shall be paid in cash to the Borrowers and
$224,707 shall constitute OID. The Loan made by the Lender hereunder shall be
evidenced by a Secured Promissory Note (the "Note") executed by the Borrowers,
on a joint and several basis, and shall contain such terms as the Lender shall
require. Service charges, if any, on the Loan shall be charged by the Lender and
paid by the Borrowers at such rates and at such times as agreed upon by the
parties in the Note. As used in this Agreement, the term "Loan Documents" shall
mean, collectively, this Agreement, the Note, the Existing Loan Documents and
all other agreements, promissory notes, instruments, financial statements and
documents executed in connection with any of the foregoing.

         2. Security Interest. To secure the performance by the Borrowers of all
of their obligations hereunder, as well as all of the rights of the Lender
hereunder, and to secure all amounts due under the Note, including any renewal,
substitution, consolidation, or extension thereof, as well as payment of any and
all indebtedness which may now or hereafter in the future be owing by the
Borrowers to the Lender, its successors and assigns, however and whenever
incurred, arising or evidenced, whether alone or together with another or
others, whether direct, indirect, or by way of assignment, whether joint or
several, absolute or contingent, due or to become due, and whether as principal
maker, endorser, surety, guarantor, mortgagee or otherwise, or which the Lender
may now or hereafter have, own or hold (all of said debts, obligations and
liabilities are herein collectively called the "Liabilities") and whether such
Liabilities are from time to time reduced and thereafter increased or entirely
extinguished and thereafter re-incurred, each Borrower hereby grant to the
Lender a present and continuing lien upon, security title to and a security
interest in: all the assets of such Borrower including, without limitation: (a)
all of such Borrower's accounts, contract rights, chattel paper, instruments,
drafts and general intangibles, whether now existing or hereafter arising or
acquired (herein referred to as the "Receivables"), together with any returned,
repossessed, or unshipped goods relating to the Receivables, and all dividends
and distributions on or rights in connection with any such property and all
rights of such Borrower earned or to be earned under contracts to sell goods or
render services; (b) any balances, credits, accounts, items and monies of, such
Borrower now or hereafter with the Lender; (c) all inventory of such Borrower
including, without limitation, all raw materials, finished goods, work in

                                       2
<PAGE>

process, and all returns, wherever located; (d) all of such Borrower's interests
in leaseholds documents, documents of title, tax refunds, causes of action
against any person or entity; (e) all of such Borrower's machinery, equipment,
furniture, fixtures, attachments; (f) all of such Borrower's books, records,
customer lists, trade secrets, formulae and other recorded information, whether
in the form of a writing, photograph, microfilm, microfiche, electronic medium,
or otherwise, together with all of such Borrower's right, title and interest in
and to all computer software in object code and source code, used to create,
maintain, or process any such records or data; (g) all of such Borrower's U.S.
Patents and U.S. Patent Applications; U.S. Copyrights and U.S. Trademarks; (h)
any other property of any nature whatsoever of such Borrower now or hereafter in
the possession of, assigned to or hypothecated to the Lender for any purpose;
and (i) all products and proceeds of any of the property described above (all of
such property and the Receivables are hereafter collectively referred to as the
"Collateral").

         Concurrently with the effective date of the contract evidencing the
LifeNexus Transaction (as hereinafter defined), the Lender will release its
security interest in the intellectual property owned by Secured Interactive,
Inc. ("Interactive"). As used herein, the term "LifeNexus Transaction" shall
mean the sale by Interactive of certain of its intellectual property to
LifeNexus in exchange for shares of equity in LifeNexus.

         3. Second Advance. The obligation of the Lender to make the Second
Advance is subject to the fulfillment, in a manner satisfactory to the Lender,
of each of the following conditions:

                  (a) No Default. No event of default under this Agreement or
any of the other Loan Documents shall have occurred and be continuing.

                  (b) Representations and Warranties. The representations and
warranties of the Borrowers contained in this Agreement and each of the other
Loan Documents shall be true and correct in all material respects as of the
Second Advance Closing Date, with the same effect as though made on such date.

                  (c) Other Loan Documents. The Borrowers shall have executed
and delivered to the Lender such other Loan Documents as the Lender may request
in connection with the transactions contemplated by this Agreement or in
connection with the Loan.

                  (d) Investigations, Audits, etc.. All investigations, audits
and due diligence reviews of the Borrowers conducted by the Lender in connection
with the Loan shall be satisfactory to the Lender in its sole discretion.

         The date on which the foregoing conditions have been satisfied, as
determined by the Lender in good faith in its sole discretion, is hereinafter
known as the "Second Advance Closing Date." If the Second Advance Closing Date
does not occur by December 31, 2004, the Lender's obligation to make the Second
Advance shall automatically terminate.

         4. Warranties of the Borrowers. Each Borrower hereby represents,
warrants, and covenants to and with the Lender that: (i) the Collateral is and
will be free and clear of any and all liens, security interests and
encumbrances, other than liens, security interests and encumbrances granted to
the Lender (the "Lender's Liens"); (ii) such Borrower has and will have the

                                       3
<PAGE>

right to convey the Collateral as security for the Liabilities, free and clear
of any and all liens, security interests and encumbrances, other than the
Lender's Liens; (iii) such Borrower will keep the Collateral free from any
liens, encumbrances or security interests whatsoever, other than the Lender's
Liens; (iv) such Borrower will promptly pay or discharge all taxes assessed
against the Collateral and all liens which may attach thereto, other than the
Lender's Liens (which shall be paid and discharged pursuant to the terms of this
Agreement and the Note); (v) any and all information set forth in any writing
heretofore or hereafter delivered to the Lender by either Borrower pertaining to
the Collateral or the Liabilities is and will be true and correct in all
material respects as of the date thereof; (vi) the Receivables will be, at the
time of their creation, bona fide and existing obligations of a Borrower's
customers arising out of the sale of goods and/or rendition of services by such
Borrower and are owned by and owed to such Borrower without defense, offset, or
counterclaim; (vii) the Borrowers are solvent on a consolidated basis; (viii)
with regard to each Receivable as it arises, a Borrower will have made delivery
of the goods or will have rendered the services ordered, and each Receivable
shall be free of any claims or liens, other than the Lender's Liens; (ix) such
Borrower will have preserved and will continue to preserve any liens and any
rights to liens available by virtue of sales; (x) such Borrower's inventory is
not subject to any security interest, lien or encumbrance, other than the
Lender's Liens (or except as may have been disclosed to, and accepted by, the
Lender in writing); (xi) such Borrower is duly organized and existing under the
laws of the State of its incorporation, and is duly qualified and in good
standing in every other State in which it is doing business as a corporation;
(xii) the execution, delivery and performance of this Agreement and the other
Loan Documents are within such Borrower's corporate powers, have been duly
authorized, are not in contravention of law or the terms of such Borrower's
charter, bylaws or other incorporation papers, or of any indenture, agreement or
undertaking to which such Borrower is a party or by which it is bound; (xiii)
without prior written notice to the Lender, such Borrower will not obtain any
loans, advances or other financial accommodations or arrangements from any party
other than the Lender which would encumber any of either Borrower's assets;
(xiv) without prior written consent of the Lender, such Borrower will not
voluntarily reorganize, merge or consolidate or redeem any of its common stock,
or voluntarily consent to the transfer by the present shareholders of such
Borrower to any other person or entity of all or substantially all of the common
stock of such Borrower outstanding in one transaction or in treasury as of the
date hereof; (xv) in the event of any transfer of any of its stock or assets by
operation of law, such Borrower shall immediately notify the Lender; (xvi) there
is no pending order, notice, claim, litigation, proceeding or investigation
against or affecting such Borrower, whether or not covered by insurance, that
would materially and adversely affect such Borrower's operations, financial
condition, property or business; (xvii) such Borrower will not sell, transfer,
lease or otherwise dispose of all or (except in the ordinary course of business)
any material part of its assets (LTI is permitted to cause Interactive to sell
certain of Interactive's intellectual property to LifeNexus in the LifeNexus
Transaction); (xviii) no account arises out of a contract with, or order from,
an account debtor that, by its terms, forbids or makes the assignment of that
account to the Lender void or unenforceable; (xviii) the representations and
warranties made hereunder by such Borrower are true on the date hereof and will
be true on the date of each advance of a portion of the Loan by the Lender
hereunder; (xix) such Borrower's address as shown above is the location of such
Borrower's principal place of business and chief executive office, that such
place of business is such Borrower's only place of business, and that such
Borrower has not maintained any other place of business or principal place of
business or corporate or tradename during the four (4) years immediately

                                       4
<PAGE>

preceding the date of the execution of this Agreement, unless having notified
the Lender in writing of all previous addresses and names; (xx) such Borrower
maintains its corporate office at 510 Clearwater Loop, Suite 101, Post Falls,
Idaho 83854 and maintains a production/shipping facility at 570 West Clearwater
Loop, Bldg. 1000, Suite D, Post Falls, Idaho 83854, and has no other office in
any location; and (xxi) such Borrower is a corporation duly organized under the
laws of the State of Nevada, and such Borrower shall not change its State of
incorporation.

         5. Duties and Further Assurance of the Borrowers. Each Borrower
covenants and agrees that, so long as any of the Liabilities remain outstanding
and unpaid, such Borrower shall:

                  (a) Financing Statements. Execute upon request of the Lender
         such financing statements and other security documents and pay the cost
         of filing or recording the same, and do such other acts and things as
         the Lender may from time to time request to establish and maintain a
         valid security interest of the Lender in the Collateral;

                  (b) Inspection and Information. Permit the Lender, its agents
         and employees, from time to time, to inspect, audit and make copies of,
         and extract from, all records and other papers in the possession of
         such Borrower, including but not limited to those pertaining to the
         Collateral and such Borrower's debtors, including copies of customer
         invoices and evidence of shipment and such other documents and proof of
         delivery/rendition as the Lender may at any time require; periodic
         inventory audits and relations with vendors and suppliers, and furnish
         such further information and documents concerning such Borrower, the
         Collateral and such Borrower's debtors as the Lender may from time to
         time request;

                  (c) Financial Statements. Furnish to the Lender on or before
         the 30th day after the end of each month, financial statements or
         similar type reports in form and substance reasonably satisfactory to
         the Lender and certified by an appropriate officer of the Borrowers,
         and furnish to the Lender annually on or before the 105th day after the
         end of the Borrowers' fiscal year, a financial statement in form and
         substance satisfactory to the Lender and prepared by a certified public
         accountant acceptable to the Lender; notwithstanding the level of CPA
         certification checked in the preceding clause or anything else to the
         contrary contained herein, such Borrower shall, if requested by the
         Lender, provide to the Lender a financial statement of such Borrower or
         any guarantor of such Borrower, in form and substance satisfactory to
         the Lender, and prepared by a certified public accountant acceptable to
         the Lender;

                  (d) Records Retention. Keep at its address shown herein its
         records concerning the Collateral, which records shall be of such
         character as will enable the Lender to determine at any time the status
         of the Collateral;

                  (e) Insurance and Taxes. Keep any tangible Collateral fully
         insured against fire, theft, and other casualty with loss payable
         clause in favor of the Lender, and shall pay all premiums promptly when
         the same become due and shall pay all taxes and other charges against

                                       5
<PAGE>

         the Collateral promptly when the same become due; should the Borrowers
         fail to pay any of said premiums or taxes or other charges, or should
         the Collateral become encumbered, the Lender may pay the sums and add
         the amount of such payment to the Liabilities hereby secured; the
         Lender is authorized to receive the proceeds of any insurance loss, and
         at the option of the Lender, shall apply such proceeds toward either
         the repair or replacement of the Collateral or the payment of the
         Liabilities. The Borrowers shall furnish the Lender evidence of being
         an additional named insured on a fire and hazard policy against loss of
         inventory, furniture, fixtures, and equipment, as well as business
         interruption and as loss payee on liability insurance.

                  (f) Costs. Pay all costs of closing the Loan and of all
         advances of any portion of the Loan, and will reimburse the Lender
         during the period of financing for all out-of-pocket or advanced
         expenses including but not limited to filing fees, long distance phone
         calls, travel expenses, audit expenses of $1,000.00 per audit with a
         minimum of 4 audits per year, wire transfer and returned-check charges
         and expenses.

                  (g) LifeNexus Stock Pledge. Upon the sale of any assets of
         Interactive to LifeNexus and receipt by such Borrower or an affiliate
         of such Borrower of equity interests in LifeNexus, pledge to the Lender
         as additional security for the Liabilities all such equity interests in
         LifeNexus, as such equity interests may be reduced in accordance with
         the terms of the LifeNexus Transaction.

         6. Act of Default. If any of the following shall occur, the Borrowers
shall be in default under this Agreement:

                  (a) the Borrowers fail to pay when due any amount payable
         under any of the Liabilities;

                  (b) the Borrowers or any guarantor of the Borrowers'
         obligations hereunder fails to perform or breaches any undertaking
         herein or material agreement or is in default under any writing
         relating to any of the Liabilities, the Collateral or any other
         material agreement between the Lender and the Borrowers;

                  (c) any guarantor of the Liabilities terminates or attempts to
         terminate such guaranty;

                  (d) the Collateral declines in value or for any reason becomes
         insufficient in the Lender's sole and exclusive judgment to secure the
         Liabilities and the Borrowers, after demand, fail or refuses to
         substitute and/or make additions to the Collateral reasonably
         satisfactory to the Lender;

                  (e) any statement, representation or warranty made or
         furnished to the Lender by or in behalf of the Borrowers with respect
         to the Liabilities or the Collateral shall be untrue or incomplete in
         any material respect as of the date made;

                                       6
<PAGE>

                  (f) the Borrowers or either Borrower becomes insolvent or
         makes an assignment for the benefit of creditors, or if any proceeding
         be instituted by or against the Borrowers or either Borrower alleging
         that it is insolvent or unable to pay its debts as they mature, or if
         any receiver is appointed for the Borrowers or either Borrower;

                  (g) any litigation is instituted against the Borrowers or
         either Borrower that might materially and adversely affect its
         operations, financial condition, property or business;

                  (h) a creditor of the Borrowers or either Borrower shall
         obtain or attempt to obtain possession of the Collateral by any means;
         or

                  (i) any other circumstance or event occurs which shall
         reasonably cause the Lender to deem itself insecure.

         7. Rights of Lender on Default. In the event of a default hereunder, at
the option of the Lender, this Agreement shall terminate without prejudice to
the Lender's rights hereunder, and without notice to the Borrowers of any kind,
and any or all of the Liabilities may, at the option of the Lender and without
demand or notice of any kind, be declared by tender, and the same shall become,
immediately due and payable, and the Lender shall have, in addition to all other
rights and remedies which the Lender may have under law, the following rights
and remedies all of which may be exercised with or without further notice to the
Borrowers: (a) to foreclose the liens and security interests created under this
Agreement or under any other agreements relating to the Collateral by any
available judicial or non-judicial procedure; (b) to enter any premises where
any Collateral may be located for the purpose of taking possession of or
removing the same; or (c) to sell, assign, lease or otherwise dispose of the
Collateral, or any part thereof, either at public or private sale or at any
broker's board, in lots or in bulk for cash, on credit, or otherwise, with or
without representations or warranties, and upon such terms as shall be
acceptable to the Lender, all at the Lender's sole option and as the Lender in
its sole discretion may deem advisable, and the Lender may bid upon or become
purchaser at any such sale if public, free from any right of redemption, which
is hereby expressly waived by the Borrowers, and the Lender shall have the right
at its option to apply or be credited with the amount of all or any part of the
Liabilities owing to the Lender against the purchase price bid by the Lender at
any such sale. The Borrowers and Lender expressly acknowledge and agree that
five (5) days' prior written notice from the Lender to the Borrowers of any such
sale of Collateral shall satisfy the notice requirements of O.C.G.A. Section
11-9-504 or any applicable successor provision. The net cash proceeds resulting
from the collection, liquidation, sale, lease or other disposition of the
Collateral shall be applied first to the expenses (including all attorney's
fees) of retaking, holding, storing, processing and preparing for sale, selling,
collecting, liquidating and the like, and then to the satisfaction of all
Liabilities, with application as to particular Liabilities or against principal
or interest to be in the Lender's sole and absolute discretion. The Borrowers
shall be liable to the Lender and shall pay to the Lender on demand any
deficiency which may remain after such sale, disposition, collection or
liquidation of the Collateral, and the Lender in turn agrees to remit to the
Borrowers any surplus remaining after all Liabilities have been paid in full. If
any of the Collateral shall require repairing, maintenance, preparation, or the
like, or is in process or other unfinished state, the Lender shall have the

                                       7
<PAGE>

right, but shall not be obligated, to do such repairing, maintenance,
preparation, processing or completion of manufacturing for the purpose of
putting the same in such saleable form as the Lender shall deem appropriate, but
the Lender shall have the right to sell or dispose of such Collateral without
such processing. The Borrowers will, at Lender's request, assemble all the
Collateral and make it available to the Lender at places which the Lender may
select, whether at the Borrowers' premises or elsewhere, and will make available
to the Lender all premises and facilities of the Borrowers for the purpose of
the Lender's taking possession of the Collateral or of removing or putting the
Collateral in saleable form. In addition, upon an event of default and at the
request of the Lender, the Borrowers will, at their own expense, notify any
parties obligated on any of the Receivables to make payment to the Lender of any
amounts due or to become due thereunder. In furtherance of the foregoing, the
Borrowers hereby (i) authorize the Lender to receive, open, and dispose of all
mail addressed to the Borrowers pertaining to any of the Collateral, (ii) agree
to notify the postal authorities to change the address and delivery of mail
addressed to either Borrower to such address as the Lender may designate, (iii)
authorize the Lender to endorse either Borrower's name upon any notes,
acceptances, checks, drafts, money orders and other evidences of payment that
may come into the Lender's possession and to deposit or otherwise collect the
same, (iv) authorize the Lender to sign either Borrower's name on any bill of
lading relating to any Collateral, on drafts against customers, listings of
Receivables, and notices to customers, (v) authorize the Lender to prepare and
mail invoices to either Borrower's customers, (vi) authorize the Lender to send
verification of accounts to customers, (vii) authorize the Lender to execute in
either Borrower's name any affidavits and notices with regard to any and all
lien rights, and (viii) authorize the Lender to do all other acts and things
necessary to carry out this Agreement, any of the other Loan Documents or to
deal with the Collateral or proceeds thereof in its own name or in the name of a
Borrower. To facilitate the exercise by the Lender of the rights and remedies
set forth in this paragraph, each Borrower hereby constitutes the Lender, or its
agents, or any other person whom the Lender may designate, as attorney-in-fact
for such Borrower, at such Borrower's own cost and expense, to exercise all or
any of the following powers, which, being coupled with an interest, shall be
irrevocable and shall continue until all Liabilities have been paid in full and
shall be in addition to any other rights and remedies that the Lender may have:
(i) to remove from any premises where the same may be located any and all
documents, instruments, files, and records, and any receptacles and cabinets
containing the same, relating to the Collateral, and the Lender may, at the
Borrowers' cost and expense, use as much of the personnel, supplies and space of
the Borrowers at its place of business as may be necessary to properly
administer and control the Collateral or the handling of collections and
realizations thereon; and (ii) to take or bring in the Lender's name or in the
name of the Borrowers or either Borrower, such steps, actions, suits or
proceedings deemed by the Lender necessary or desirable to effect collection of
or to realize upon the Collateral. No delay or failure on the part of the Lender
in the exercise of any right or remedy shall operate as a waiver thereof, and no
single or partial exercise by the Lender of any right or remedy shall preclude
other or further exercise thereof, or the exercise of any other right or remedy.
The Lender shall be under no duty to exercise any or all of the rights and
remedies given by this Agreement and no party to this Agreement shall be
discharged from his or its obligations or undertakings hereunder (x) should the
Lender release or agree not to sue any person against whom the party has, to the
knowledge of the Lender, a right of recourse, or (y) should the Lender agree to
suspend the right to enforce the Note or the Lender's interest in the Collateral
against such person or otherwise discharge such persons.

         8. Business Use. Each Borrower represents and warrants that the Loan
will be used for business, non-consumer purposes and not for personal, family or
household purposes, and that the loan proceeds shall be used to pay accrued
royalties, reduce payables, continue marketing, and for other normal business
use.

                                       8
<PAGE>

         9. Governing Law. Notwithstanding anything to the contrary contained in
the Existing Loan Documents, the laws of the State of New York shall govern the
construction of this Agreement and each of the other Loan Documents without
regard to conflict of laws principles, and any litigation regarding this
transaction shall be conducted in any of the federal or state courts located in
the city of New York, borough of Manhattan. Venue and Jurisdiction in any of the
foregoing courts are stipulated and expressly agreed. Each Borrower expressly
waives the right to trial by jury.

         10. Binding Effect, Assignment and Entire Agreement. This Agreement
shall inure to the benefit of, and shall be binding upon, the parties hereto and
their respective heirs, legal representatives, successors and permitted assigns.
The Borrowers have no right to assign any of their rights or obligations
hereunder without the prior written consent of the Lender. This Agreement, and
the documents executed and delivered pursuant hereto, constitute the entire
agreement between the parties, and may be amended only by a writing signed on
behalf of the party sought to be charged.

         11. Severability. If any provision of this Agreement shall be held
invalid under any applicable law, such invalidity shall not affect any other
provision of this Agreement that can be given effect without the invalid
provision, and to that end, the provisions hereof are severable.

         12. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute but one and the same instrument.

         13. Headings. The section or paragraph headings used in this Agreement
are for convenience of reference only and in no way define, describe or limit
the scope or intent of this Agreement.

         14. Further Assurances. Each Borrower covenants and agrees that it will
at any time and from time to time do, execute, acknowledge and deliver, or will
cause to be done, executed, acknowledged and delivered, all such further acts,
documents and instruments as may be required by the Lender in order to
effectuate fully the intent of this Agreement.

         15. Joint and Several Liability of the Borrowers; certain Waivers.

                  (a) Each Borrower shall be jointly and severally liable
         hereunder and under each of the other Loan Documents with respect to
         all the Liabilities, regardless of which of the Borrowers actually
         receives the proceeds of the Loan or the benefit of any of the
         financial accommodations hereunder, or the manner in which the
         Borrowers or the Lender account therefor in their respective books and
         records.

                  (b) Each Borrower expressly waives all rights it may have now
         or in the future under any statute, at common law, or at law or in
         equity, or otherwise, to compel the Lender to marshal assets or to
         proceed in respect of any of the Liabilities of the respective
         Borrowers hereunder against any specific Borrower or any other person,
         or against any Collateral before proceeding against, or as a condition
         to proceeding against, such Borrower.

                                       9
<PAGE>

                  (c) Each Borrower hereby expressly and irrevocably waives any
         and all rights at law or in equity to subrogation, reimbursement,
         exoneration, contribution, indemnification or set off and any and all
         defenses available to a co-obligor. Each Borrower acknowledges and
         agrees that this waiver is intended to benefit the Lender and shall not
         limit or otherwise affect in any way such Borrower's liability
         hereunder or the enforceability of this Section 15 or Section 16 of
         this Agreement, and that the Lender and its successors and assigns are
         intended third party beneficiaries of the waivers and agreements set
         forth in this Agreement.

                  (d) Notwithstanding any provision herein contained to the
         contrary, each Borrower's liability with respect to the Liabilities of
         the other Borrower shall be limited to an amount not to exceed, as of
         any date of determination, the amount that could be claimed by the
         Lender from such Borrower without rendering such claim voidable or
         avoidable under Section 548 of Chapter 11 of the Bankruptcy Code or
         under any applicable state Uniform Fraudulent Transfer Act, Uniform
         Fraudulent Conveyance Act or similar statute or common law after taking
         into account, among other things, such Borrower's right of contribution
         and indemnification from the other Borrower under Section 16 of this
         Agreement.

         16. Contribution.

                  (a) To the extent that a Borrower shall make a payment of all
         or any of the Liabilities (a "Payment") that, taking into account all
         other Payments then previously or concurrently made by the other
         Borrower, exceeds the amount that such Borrower would otherwise have
         paid if each Borrower had paid the aggregate Liabilities satisfied by
         such Payment in the same proportion that such Borrower's Allocable
         Amount (as such term is defined in clause (b) below), as determined
         immediately prior to such Payment, bore to the aggregate Allocable
         Amounts of the Borrowers, as determined immediately prior to the making
         of such Payment, then, following indefeasible payment in full in cash
         of all the Liabilities and the termination of this Agreement pursuant
         to the respective terms and provisions hereof, such Borrower shall be
         entitled to receive contribution and indemnification payments from, and
         be reimbursed by, the other Borrower for the amount of such excess, pro
         rata based upon their respective Allocable Amounts in effect
         immediately prior to such Payment.

                  (b) As of any date of determination, the "Allocable Amount" of
         a Borrower shall be equal to the maximum amount of the claim that could
         then be recovered from such Borrower without rendering such claim
         voidable or avoidable under Section 548 of Chapter 11 of the Bankruptcy
         Code or under any applicable state Uniform Fraudulent Transfer Act,
         Uniform Fraudulent Conveyance Act or similar statute or common law.

                  (c) This Section 16 is intended only to define the relative
         rights of Borrowers and nothing set forth in this Section 16 is
         intended or shall be deemed or construed to impair the Liabilities or
         obligations of the Borrowers, jointly and severally, to pay any amounts
         as and when the same shall become due and payable in accordance with
         the terms of this Agreement, the Note or the other Loan Documents.

                                       10
<PAGE>

         Nothing contained in this Section 16 shall limit the liability of
         either Borrower to repay the Loan, together with all fees, expenses or
         other charges with respect thereto.

                  (d) Each Borrower acknowledges that the rights of contribution
         and indemnification owing to such Borrower under this Section 16
         constitute assets of such Borrower.

                  (e) The rights of a Borrower against the other Borrower under
         this Section 16 shall be exercisable only upon the full and
         indefeasible payment in cash of all the Liabilities and the termination
         of this Agreement pursuant to the respective terms and provisions
         hereof.

         17. No Novation. Notwithstanding anything to the contrary contained
herein, this Agreement is not intended to and does not serve to effect a
novation of the Liabilities under any of the Existing Loan Documents. Instead,
it is the express intention of the parties hereto to reaffirm the indebtedness
created under the Existing Loan Documents which is evidenced by the notes
provided for therein and secured by the Collateral. The Borrowers acknowledge
and confirm that the liens and security interests granted pursuant to the
Existing Loan Documents secure the indebtedness, liabilities and obligations of
the Borrowers to the Lenders under each of the LTI Original Loan Agreement, the
LTI Existing Loan Agreement, the LDI Original Loan Agreement and the LDI
Existing Loan Agreement, as each is amended and restated in its entirety hereby,
and that the term "Liabilities" as used in the Loan Documents (or any other term
used therein to describe or refer to the indebtedness, liabilities and
obligations of the Borrowers to the Lender) includes, without limitation, the
indebtedness, liabilities and obligations of the Borrowers under the Note to be
delivered under this Agreement and under any of the Existing Loan Documents, as
amended and restated hereby, as the same may be further amended, restated,
supplemented or otherwise modified from time to time. The Existing Loan
Documents and all agreements, instruments and documents executed or delivered in
connection with any of the foregoing shall each be deemed to be amended to the
extent necessary to give effect to the provisions of this Agreement. Without
limiting the foregoing, each Borrower stipulates and affirms that the following
financing statements are, and shall continue to be, in full force and effect:

                  (a) UCC-1 financing statement naming LTI, as debtor, filed
         with the Nevada Secretary of State on July 16, 2002, as document number
         2002018790-9;

                  (b) UCC-1 financing statement naming LDI, as debtor, filed
         with the Nevada Secretary of State on July 16, 2002, as document number
         2002018791-1; and

                  (c) UCC-1 financing statements naming Interactive, as debtor,
         filed with (i) the Nevada Secretary of State on July 16, 2002, as
         document number 2002018789-6 and (ii) the Idaho Secretary of State on
         June 25, 2002, as document number B200209265261.

    [remainder of this page intentionally left blank; signature page follows]

                                       11
<PAGE>

         IN WITNESS WHEREOF, this Agreement has been executed by a duly
authorized officer of each of the undersigned as of the date first set forth
above.
<TABLE>

<S>                                                            <C>
BORROWERS:                                                     LENDER:

LIFESTREAM TECHNOLOGIES, INC.,                                 RAB SPECIAL SITUATIONS LP,
a Nevada corporation                                           a Delaware limited partnership

By:                                                             By:  RAB Partners Ltd., its General Partner
      ------------------------------------
Name:
      ------------------------------------
Title:                                                          By:
                                                                   -------------------------------------
      ------------------------------------
                                                                Name:
                                                                   -------------------------------------
                                                                Title:
                                                                   -------------------------------------
LIFESTREAM DIAGNOSTICS, INC.,
a Nevada corporation

By:
      ------------------------------------
Name:
      ------------------------------------
Title:

      ------------------------------------
</TABLE>

                                       12EXHIBIT 10.3

                               AMENDMENT AGREEMENT

         THIS AMENDMENT AGREEMENT (this "AGREEMENT"), dated as of November 12,
2004, is made by and among Lifestream Technologies, Inc., a Nevada corporation,
with headquarters located at 510 West Clearwater Loop, Suite 101, Post Falls,
Idaho 83854 (the "COMPANY"), and RAB Special Situations LP, a Delaware limited
partnership ("RAB").

         WHEREAS:

         A. The Company and Capital South Financial Services, Inc. ("CAPITAL
SOUTH") previously have entered into, among other things, (i) that certain Loan
and Security Agreement dated as of June 18, 2002 (the "ORIGINAL COMPANY LOAN
AGREEMENT") and (ii) that certain Loan and Security Agreement dated as of May 1,
2003, which amended the Original Company Loan Agreement (the "EXISTING COMPANY
LOAN AGREEMENT"), pursuant to which, among other things, Capital South made
financial accommodations available to the Company, subject to the terms and
conditions set forth therein.

         B. Lifestream Diagnostics, Inc., a wholly-owned subsidiary of the
Company (the "SUBSIDIARY") and Capital South previously have entered into, among
other things, (i) that certain Loan and Security Agreement dated as of June 18,
2002 (the "ORIGINAL SUBSIDIARY LOAN AGREEMENT") and (ii) that certain Loan and
Security Agreement dated as of May 1, 2003, which amended the Original
Subsidiary Loan Agreement (the "EXISTING SUBSIDIARY LOAN Agreement"), pursuant
to which, among other things, Capital South made financial accommodations
available to the Subsidiary, subject to the terms and conditions set forth
therein.

         C. RAB and Capital South previously have entered into that certain
Master Assignment and Assumption Agreement dated as of November 8, 2004 (the
"ASSIGNMENT AGREEMENT"), pursuant to which, among other things, Capital South
sold and assigned to RAB of all Capital South's right, title and interest in, to
and under the Original Company Loan Agreement, the Existing Company Loan
Agreement, the Original Subsidiary Loan Agreement, the Existing Subsidiary Loan
Agreement and all other agreements, promissory notes, instruments, financial
statements and documents executed in connection with any of the foregoing
(collectively, the "EXISTING LOAN DOCUMENTS").

         D. The Company and the Subsidiary have requested that RAB amend and
restate in their entirety each of the Original Company Loan Agreement, the
Existing Company Loan Agreement, the Original Subsidiary Loan Agreement and the
Existing Subsidiary Loan Agreement pursuant to a single Amended and Restated
Loan and Security Agreement by and among RAB, the Company and the Subsidiary
(the "AMENDED LOAN AGREEMENT"), pursuant to which, among other things, RAB would
make certain additional financial accommodations available to the Company and
the Subsidiary, subject to the terms and conditions set forth in the Amended
Loan Agreement, and RAB has agreed to such request.

         E. The obligations of the Company and the Subsidiary to repay its
obligations under the Amended Loan Agreement will be evidenced by an amended and
substituted secured promissory note of Lifestream (the "AMENDED Note"), which

<PAGE>

shall issued by the Company and the Subsidiary to RAB in substitution for the
current secured promissory note of the Company and the Subsidiary under the
Existing Loan Documents (the "ORIGINAL NOTE").

         F. The Amended Loan Agreement shall be substantially in the form of the
Amended Loan Agreement attached hereto as Exhibit A (the "FORM OF AMENDED LOAN
AGREEMENT"), while the Amended Note shall be substantially in the form of the
Amended Note attached hereto as Exhibit B (the "FORM OF AMENDED NOTE").

         G. In connection with the entering into of the Amended Loan Agreement,
the Company has agreed to pay a commitment fee to RAB in the amount of $500,000
(the "COMMITMENT FEE"), such Commitment Fee being payable by the Company's
issuance of its Convertible Term Note (the "COMMITMENT NOTE"), all as more
particularly set forth in the form of Commitment Note attached hereto as Exhibit
C (the "FORM OF COMMITMENT NOTE").

         H. The Commitment Note is (i) payable, at the option of the Company, in
shares of the Company's Common Stock ("the "PAYMENT SHARES") and (ii)
convertible, at the option of RAB, into shares of the Company's Common Stock
(the "CONVERSION SHARES").

         I. Contemporaneously with the execution and delivery of this Agreement,
the parties hereto are executing and delivering a Registration Rights Agreement
in the form attached hereto as Exhibit D (the "FORM OF REGISTRATION RIGHTS
AGREEMENT" and, as executed, the "REGISTRATION RIGHTS AGREEMENT"), pursuant to
which the Company has agreed to provide certain registration rights under the
Securities Act of 1933, as amended (the "SECURITIES ACT"), and the rules and
regulations promulgated thereunder, and applicable state securities laws.

         J. In connection with the entering into of the Amended Loan Agreement,
the Company has agreeD to make certain adjustments in the conversion price of
certain Outstanding Equivalents (as defined herein)of the Company, each
according to the terms and conditions set forth herein.

         K. The issuance of the Commitment Note, the Payment Shares and the
Conversion Shares are being made in reliance upon the exemption from securities
registration afforded by Section 4(2) of the Securities Act.

         L. The transactions contemplated by the Amended Loan Agreement
represent commercial transactions and not investments and not transactions in
securities for purposes of any securities laws.

         NOW THEREFORE, the Company and RAB hereby agree as follows:

         1. CLOSING.

                  a. The Closing Date. The date of the closing of the
transaction contemplated by this Agreement (the "CLOSING") shall be November 12,
2004, subject to satisfaction (or waiver) of the conditions to the Closing set
forth in Sections 5 and 6 of this Agreement (or such later Business Day as is
mutually

                                       2
<PAGE>

agreed to by the Company and RAB) (such date, the "CLOSING DATE"). "BUSINESS
DAY" means any day other than Saturday, Sunday or other day on which commercial
banks in London and New York are authorized or required by law to remain closed.

                  b. Execution and Delivery of Agreements; Payment of First
Advance; Issuance of Amended Note and Commitment Note. At the Closing, subject
to satisfaction (or waiver) of the conditions set forth in Sections 5 and 6: (i)
each party hereto shall execute and deliver, and the Company shall cause the
Subsidiary to deliver, to RAB the Amended Loan Agreement; (ii) RAB shall pay and
deliver to the Company and the Subsidiary the Initial Advance (as such term is
defined in the Amended Loan Agreement); (iii) the Company shall issue and
deliver, and shall cause the Subsidiary to deliver, to RAB the Amended Note;
(iv) the Company shall deliver to RAB the Commitment Note; and (v) the parties
hereto shall execute and deliver the Registration Rights Agreement.

                  c. Return of Original Note. RAB shall deliver the Original
Note to the Company no later than three (3) Business Days following the Closing.

                  d. Payment of Second Advance. RAB shall pay and deliver to the
Company and the Subsidiary the Second Advance on the Second Advance Closing Date
(as such terms are defined in the Amended Loan Agreement), subject to the
satisfaction by the Company and the Subsidiary of all conditions precedent set
forth in the Amended Loan Agreement. In the event that the Second Advance does
not occur by the Second Advance Closing Date, the outstanding principal amount
of the Commitment Note shall be reduced by the percentage set forth in the
Commitment Note.

         2. RAB'S REPRESENTATIONS AND WARRANTIES.

         RAB represents and warrants that as of the date of this Agreement and
as of the Closing Date:

                  a. Reliance on Exemptions. RAB understands that the Commitment
Note, the Payment Shares and the Conversion Shares (collectively, the
"SECURITIES") are being offered to it in reliance on specific exemptions from
the registration requirements of United States federal and state securities laws
and that the Company is relying in part upon the truth and accuracy of, and
RAB's compliance with, the representations, warranties, agreements,
acknowledgments and understandings of RAB set forth herein in order to determine
the availability of such exemptions and the eligibility of RAB to acquire the
Securities. RAB further understands, however, that the transactions contemplated
by the Amended Loan Agreement represent commercial transactions and not
investments and not transactions in securities for purposes of any securities
laws.

                  b. Information. RAB and its advisors, if any, have been
furnished with all materials relating to the business, finances and operations
of the Company and materials relating to the offer and sale of the Securities
which have been requested by RAB. RAB and its advisors, if any, have been
afforded the opportunity to ask questions of the Company. Neither such inquiries
nor any other due diligence investigations conducted by RAB or its advisors, if
any, or its representatives shall modify, amend or affect RAB's right to rely on
the Company's representations and warranties contained in Section 3 below.

                                       3
<PAGE>

                  c. Transfer or Resale. RAB understands that except as provided
in the Registration Rights Agreement: (i) the Securities have not been and are
not being registered under the Securities Act or any state securities laws, and
may not be offered for sale, sold, assigned or transferred unless subsequently
registered thereunder or RAB provides the Company with reasonable assurance that
such Securities can be sold, assigned or transferred pursuant to Rule 144
promulgated under the Securities Act (or a successor rule thereto) ("RULE 144")
or other applicable exemption from registration under the Securities Act; (ii)
any sale of the Securities made in reliance on Rule 144 may be made only in
accordance with the terms of Rule 144 and further, if Rule 144 is not
applicable, any resale of the Securities under circumstances in which the seller
(or the person through whom the sale is made) may be deemed to be an underwriter
(as that term is defined in the Securities Act) may require compliance with some
other exemption under the Securities Act or the rules and regulations of the SEC
thereunder; and (iii) neither the Company nor any other person is under any
obligation to register such Securities under the Securities Act or any state
securities laws or to comply with the terms and conditions of any exemption
thereunder. Notwithstanding the foregoing, the Securities may be pledged in
connection with a bona fide margin account or other loan secured by the
Securities.

                  d. Legends. RAB understands that, until such time as the sale
of the Securities has been registered under the Securities Act as contemplated
by the Registration Rights Agreement, the certificates or other instruments
evidencing the Securities, except as set forth below, shall bear a restrictive
legend in substantially the following form (and a stop transfer order may be
placed against transfer of such stock certificates):

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A GENERALLY
ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE
STATE SECURITIES LAWS OR (II) UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.
NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH
A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY THE SECURITIES.

The legend set forth above shall be removed and the Company shall issue a
certificate without such legend to the holder of the Payment Shares and the
Conversion Shares (collectively, the "TRANSACTION SHARES") upon which it is
stamped, if: (i) such securities are registered for sale under the Securities
Act; (ii) in connection with a sale transaction, such holder provides the
Company with an opinion of counsel, in a generally acceptable form to the
Company, to the effect that a public sale, assignment or transfer of such
securities may be made without registration under the Securities Act; or (iii)
such holder provides the Company with a representation letter in a generally
acceptable form relating to the sale of the Common Shares pursuant to Rule 144.
RAB acknowledges, covenants and agrees to sell any of such securities
represented by a certificate(s) from which the legend has been removed only
pursuant to: (i) a registration statement effective under the Securities Act; or
(ii) advice of counsel that such sale is exempt from registration required by
Section 5 of the Securities Act.

                                       4
<PAGE>

                  e. Authorization; Enforcement. This Agreement has been, and at
the Closing the Amended Loan Agreement and the Registration Rights Agreement
will be, executed and delivered on behalf of RAB, and upon such execution and
delivery will be valid and binding agreements of RAB enforceable against RAB in
accordance with their respective terms, subject as to enforceability to general
principles of equity and to applicable bankruptcy, insolvency, reorganization,
moratorium, liquidation and other similar laws relating to, or affecting
generally, the enforcement of applicable creditors' rights and remedies.

         3. REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

         The Company represents and warrants to RAB that as of the date of this
Agreement and as of the Closing Date:

                  a. Organization and Qualification. The Company is a
corporation duly organized and validly existing in good standing under the laws
of the State of Nevada and has the requisite corporate power and authorization
to own its properties and to carry on its businesses as now being conducted. The
Company is duly qualified as a foreign corporation to do business and is in good
standing in every jurisdiction in which its ownership of property or the nature
of the business conducted by it makes such qualification necessary, except to
the extent that the failure to be so qualified or be in good standing would not
have a Material Adverse Effect. As used in this Agreement, "MATERIAL ADVERSE
EFFECT" means any material adverse effect on the business, properties, assets,
operations, results of operations or financial condition of the Company taken as
a whole, or on the transactions contemplated hereby or by the agreements and
instruments to be entered into in connection herewith, or on the authority or
ability of the Company to perform its obligations under this Agreement, the
Amended Loan Agreement, the Registration Rights Agreement, the Amended Note and
the Commitment Note (collectively, the "TRANSACTION DOCUMENTS").

                  b. Authorization; Enforcement; Compliance with Other
Instruments. (i) The Company has the requisite corporate power and authority to
enter into and perform its obligations under the Transaction Documents and to
issue the Amended Note and the Securities in accordance with the terms thereof;
(ii) the execution and delivery of Transaction Documents by the Company and the
consummation by it of the transactions contemplated hereby and thereby,
including, without limitation, the issuance of the Amended Note and the
Securities, have been duly authorized by the Company's Board of Directors and no
further consent or authorization is required by the Company, its Board of
Directors or its stockholders; and (iii) this Agreement has been, and at the
Closing the Transaction Documents will be, duly executed and delivered by the
Company and upon such execution and delivery will constitute the valid and
binding obligations of the Company enforceable against the Company in accordance
with their respective terms.

                                       5
<PAGE>

                  c. Capitalization. The authorized capital stock of the Company
consists of (i) 750,000,000 shares of Common Stock, of which, as of the date of
this Agreement, 209,968,735 shares were issued and outstanding and (ii)
15,000,000 shares of undesignated preferred stock, of which, as of the date of
this Agreement, no shares were issued or outstanding. All of such outstanding
shares have been, or upon issuance will be, validly issued and are fully paid
and nonassessable. No shares of the Company's capital stock are subject to
preemptive rights or any other similar rights or any liens or encumbrances
suffered or permitted by the Company.

                  d. Issuance of Common Shares. The Securities are duly
authorized and, upon issuance in accordance with the terms hereof and thereof,
the Transaction Shares shall be validly issued, fully paid and nonassessable and
free from all taxes, liens and charges with respect to the issue thereof, with
the holders being entitled to all rights accorded to a holder of Common Stock.
The issuance by the Company of the Securities is exempt from registration under
the Securities Act pursuant to Section 4(2) of the Securities Act and pursuant
to similar provisions under applicable state securities laws.

                  e. No Conflicts. The execution, delivery and performance of
the Transaction Documents by the Company and the consummation by the Company of
the transactions contemplated hereby and thereby will not: (i) result in a
violation of the Certificate of Incorporation or the By-laws of the Company;
(ii) conflict with, or constitute a default (or an event which with notice or
lapse of time or both would become a default) under, or give to others any
rights of termination, amendment, acceleration or cancellation of, or right of
"reset" (to the best of the Company's knowledge), right of first offer or right
of refusal under, any agreement, indenture or instrument to which the Company is
a party including, without limitation, any agreement with or instrument issued
to HPC Capital Management or its affiliates; or (iii) result in a violation of
any law, rule, regulation, order, judgment or decree (including federal and
state securities laws and regulations and the rules and regulations of the
principal market on which the Company's Common Stock is traded (the "PRINCIPAL
MARKET") or by which any property or asset of the Company is bound or affected.
The Company is not in violation of any term of or in default under its
Certificate of Incorporation or By-laws. The Company is not required to obtain
any consent, authorization or order of, or make any filing or registration with,
any court or governmental agency or any regulatory or self-regulatory agency in
order for it to execute, deliver or perform any of its obligations under or
contemplated by the Transaction Documents in accordance with the terms hereof or
thereof. All consents, authorizations, orders, filings and registrations which
the Company is required to obtain pursuant to the preceding sentence have been
obtained or effected on or prior to the date hereof.

                  f. Indebtedness of the Company. The Company has no debts,
liabilities or obligations of any nature other than the Original Note (whether
accrued, absolute, contingent, direct, indirect, perfected, inchoate,
unliquidated or otherwise and whether due or to become due, collectively
referred to as "INDEBTEDNESS") except for the Indebtedness set forth on the
financial statement of the Company attached as Schedule A hereto.

                  g. Title to Properties; Liens and Encumbrances. The Company
has good and marketable title to all of its assets, free and clear of any Liens
except immaterial Liens which would not reasonably be expected to adversely
affect the use or value of such assets and the Lender's Liens (as defined in the
Amended Loan Agreement). For purposes of this Agreement, the term "LIENS" means
any mortgage, deed of trust, lien, security interest, pledge, lease, conditional

                                       6
<PAGE>

sale contract, claim, charge, easement, right of way, assessment, restriction
and other encumbrance of every kind, excluding: (i) the security interests
granted to RAB pursuant to the Existing Loan Documents; and (ii) any other valid
security interest, lien or other encumbrance in the leased personal property set
forth on Schedule B.

                  h. Seniority of Note. Upon issuance, the Commitment Note is
not, and in the future shall not, be junior to any Indebtedness of the Company
or any majority-owned subsidiary of the Company, excluding the amounts owed by
the Company to: (i) RAB pursuant to the Amended Note; (ii) those lessors set
forth on Schedule C that have a valid security interest in or lien on the leased
personal property set forth on Schedule C, as the case may be; and (iii) such
other creditors of the Company or other persons, if any, as may be permitted by
RAB in writing in advance in their sole and absolute discretion.

                  i. Fair Consideration. The Company, having been fully involved
in developing the transactions contemplated hereby, and having been advised by
the Company's financial and legal advisors, is satisfied that the negotiations
between the Company and RAB were conducted properly and were arm's length in
nature and in good faith, and fair consideration for the Securities was
obtained.

                  j. Acknowledgment. The Company acknowledges and agrees that
RAB is acting solely in the capacity of an arm's length purchaser with respect
to the Transaction Documents and the transactions contemplated thereby. The
Company further represents to RAB that the Company's decision to enter into the
Transaction Documents has been based solely on the independent evaluation by the
Company and its representatives and the representations and warranties made by
RAB in Section 2 hereof. The Company acknowledges and agrees that RAB is not:
(i) an officer or director of the Company; or (ii) (A) in light of RAB's
contractual limitations on beneficial ownership, a "beneficial owner" of more
than 10% of the Common Stock (as defined for purposes of Rule 13d-3 of the
Exchange Act) or (B) an "affiliate" of the Company (as defined in Rule 144(a)
promulgated under the Securities Act).

                  k. No Consideration Paid. Other than the Commitment Fee, the
Company has not paid any commission or remuneration, directly or indirectly, to
any person in connection with the transactions contemplated by this Agreement.

                  l. No Integrated Offering. Neither the Company, nor any of its
affiliates, nor any person acting on its or their behalf has, directly or
indirectly, made any offers or sales of any security or solicited any offers to
buy any security, under circumstances that would require registration of any of
the Securities under the Securities Act or cause this offering of the Common
Shares to be integrated with prior offerings by the Company for purposes of the
Securities Act or any applicable stockholder approval provisions, including,
without limitation, under the rules and regulations of the Principal Market, nor
will the Company take any action or steps that would require registration of any
of the Securities under the Securities Act or cause the offering of the
Securities to be integrated with other offerings.

                                       7
<PAGE>

                  m. Application of Takeover Protections. The Company and its
Board of Directors have taken all necessary action, if any, in order to render
inapplicable any control share acquisition, business combination, poison pill
(including any distribution under a rights agreement) or other similar
anti-takeover provision under the Certificate of Incorporation or the laws of
the state of its incorporation which is or could become applicable to RAB as a
result of RAB and the Company fulfilling their obligations under the Transaction
Documents, including, without limitation, the Company's issuance of the
Securities and RAB's ownership of the Securities.

                  n. Material Nonpublic Information. Other than the terms of
this Agreement and the transactions contemplated by this Agreement, all of which
shall be publicly disclosed in the 8-K Filing (as defined in Section 4(f)),
neither the Company nor any of its officers, directors, employees or agents have
provided RAB with any material, nonpublic information.

         4. COVENANTS.

                  a. Best Efforts. Each party shall use its best efforts timely
to satisfy each of the conditions to be satisfied by it as provided in Sections
5 and 6 of this Agreement.

                  b. Blue Sky. The Company shall, on or before the Closing Date,
take such action as the Company shall reasonably determine is necessary to
qualify the Securities, or obtain exemption for the Securities, for issuance to
RAB at the Closing pursuant to this Agreement under applicable securities or
"Blue Sky" laws of the states of the United States, and shall provide evidence
of any such action so taken to RAB on or prior to the Closing Date. The Company
shall make all filings and reports relating to the offer and sale of the
Securities required under applicable securities or "Blue Sky" laws of the states
of the United States following the Closing Date.

                  c. Reporting Status. Until the later of the date on which (a)
RAB shall have sold all of the Transaction Shares, and (b) the Commitment Note
and the Outstanding Equivalents shall no longer remain outstanding (such period,
the "REPORTING PERIOD"), the Company shall file all reports required to be filed
with the SEC pursuant to the Exchange Act, and the Company shall not terminate
its status as an issuer required to file reports under the Exchange Act even if
the Exchange Act or the rules and regulations thereunder would otherwise permit
such termination.

                  d. Financial Information. The Company agrees to send the
following to RAB during the Reporting Period: (i) within two (2) Business Days
after the filing thereof with the SEC, unless available through the EDGAR
system, a copy of its Annual Reports on Form 10-K, its Quarterly Reports on Form
10-Q, any Current Reports on Form 8-K and any registration statements (other
than on Form S-8) or amendments filed pursuant to the Securities Act; and (ii)
copies of any notices and other information made available or given to the
stockholders of the Company generally, contemporaneously with the making
available or giving thereof to the stockholders.

                  e. Listing. The Company shall promptly secure the listing of
all of the Transaction Shares, to the extent required, on the Principal Market
and each other national securities exchange and automated quotation system, if
any, upon which shares of Common Stock are then listed (subject to official
notice of issuance) and shall maintain, so long as any other shares of Common
Stock shall be so listed, such listing of all the Transaction Shares issued
pursuant to this Agreement. The Company shall pay all fees and expenses in
connection with satisfying its obligations under this Section 4(e).

                                       8
<PAGE>

                  f. Disclosure of Transactions and Other Material Information.
On or before the second Business Day following the Closing Date, the Company
shall file a Form 8-K describing the terms of the transactions contemplated by
this Agreement in the form required by the Exchange Act, and attaching the
Transaction Documents as exhibits to such filing (including all attachments, the
"8-K FILING"). From and after the filing of the 8-K Filing with the SEC, RAB
shall not be in possession of any material nonpublic information received from
the Company or any of its officers, directors, employees or agents, that is not
disclosed in the 8-K Filing. The Company shall not, and shall cause its
officers, directors, employees and agents, not to, provide RAB with any material
nonpublic information regarding the Company from and after the filing of the 8-K
Filing with the SEC without the express written consent of RAB. Subject to the
foregoing, neither the Company nor RAB shall issue any press releases or any
other public statements with respect to the transactions contemplated hereby;
provided, however, that the Company shall be entitled, without the prior
approval of RAB, to make any press release or other public disclosure with
respect to such transactions: (i) in substantial conformity with the 8-K Filing
and contemporaneously therewith; and (ii) as is required by applicable law and
regulations (provided that in the case of clause (i) RAB shall be consulted by
the Company in connection with any such press release or other public disclosure
prior to its release).

                  g. Right of First Offer. In the event that, prior to the
expiration of twelve (12) months following the Closing Date, the Company
proposes to consummate a private placement of Common Stock or other securities
(a "PRIVATE FINANCING") or enters into any agreement to do so, RAB shall have a
right of first offer to consummate the Private Financing on the same terms as
are proposed, within ten (10) days of written notice from the Company. Such
written notice shall specify the terms and conditions of the Private Financing,
including the name(s) of the proposed investor(s). In the event RAB does not
exercise its right of first offer within such ten (10) day period, the right of
first offer granted to Investor under this paragraph shall terminate and cease
to be of any further force or effect. Until April 5, 2005, the right of first
offer granted to Investor in this paragraph shall be subordinated to a right of
first offer granted by the Company to HPC Capital Management or its affiliates.
The right of first offer shall not apply to the issuance of Common Stock or
other securities (i) to officers, directors and employees for compensatory
purposes, (ii) in connection with strategic partnerships, acquisitions, mergers
and acquisitions and other business combinations, (iii) in underwritten public
offerings, (iv) upon the exercise or conversion of securities outstanding on the
date of this Agreement, and (v) other transactions the primary purpose of which
is not capital raising

                  h. Conversion Price of Outstanding Securities. As partial
inducement to RAB for entering into this Agreement, the Company hereby agrees
that the conversion price of the Outstanding Equivalents (as hereinafter
defined) shall be reduced to $.05 per share for the balance of the conversion
period thereof (the "MODIFIED CONVERSION PRICE"). For purposes of the preceding
sentence, "OUTSTANDING EQUIVALENTS" shall mean the currently outstanding amended
and restated unsecured notes dated May 12, 2003 in favor of RAB Special
Situations LP and/or an affiliate, as applicable, in the current principal
amount of $3,840,000. Upon the completion of any offering by the Company of
shares of Common Stock or other securities, completed while the Outstanding

                                       9
<PAGE>

Equivalents remain outstanding, at a purchase price that is less than the
Modified Conversion Price (each such offering, a "SUBSEQUENT OFFERING"), the
Modified Conversion Price shall be subject to adjustment whereby such adjusted
Modified Conversion Price shall be equal to the lesser of (i) the price per
share of Common Stock or conversion price of securities that is the subject of
such Subsequent Offering, or (ii) such other amount as may be agreed to in
writing between the Company and RAB (each, a "SUBSEQUENT OFFERING CONVERSION
PRICE"). Upon completion of any Subsequent Offering, RAB may elect to convert
the Outstanding Equivalents at the applicable Subsequent Offering Conversion
Price up to an amount of Common Stock not to exceed any contractual limitations
on beneficial ownership applicable to the Outstanding Equivalents.
Notwithstanding the foregoing, RAB shall be entitled to convert the Outstanding
Equivalents into Common Stock at the Subsequent Offering Conversion Price on one
occasion per Subsequent Offering, and if RAB converts less than all of the
Outstanding Equivalents at the Subsequent Offering Price, than any remaining
Outstanding Equivalents not so converted shall thereafter be convertible at the
Modified Conversion Price. Promptly following the Closing, the Company shall
cause amended Outstanding Equivalents to be issued to RAB Special Situations LP
and/or an affiliate, as applicable, incorporating the terms set forth in this
paragraph h. in a form reasonably satisfactory to RAB.

         5. CONDITIONS TO THE COMPANY'S OBLIGATIONS.

         The obligations of the Company at the Closing is subject to the
satisfaction, at or before the Closing Date, of each of the following
conditions, provided, that these conditions are for the Company's sole benefit
and may be waived by the Company at any time in its sole discretion by providing
each Investor with prior written notice thereof:

                  a. RAB shall have executed the Amended Loan Agreement and
Registration Rights Agreement and delivered the same to the Company; and

                  b. The representations and warranties of RAB contained herein
shall be true and correct as of the date when made and as of the Closing Date as
though made at that time (except for representations and warranties that speak
as of a specific date), and RAB shall have performed, satisfied and complied
with the covenants, agreements and conditions required by this Agreement to be
performed, satisfied or complied with by RAB at or prior to the Closing Date.

         6. CONDITIONS TO RAB'S OBLIGATIONS.

         The obligations of RAB at the Closing is subject to the satisfaction,
at or before the Closing Date, of each of the following conditions, provided,
that these conditions are for RAB's sole benefit and may be waived by RAB at any
time in its sole discretion by providing the Company with prior written notice
thereof:

                  a. The Company shall have executed, and shall have caused the
Subsidiary to execute, the Amended Loan Agreement and the Amended Note, and
delivered the same to RAB;

                  b. The Company shall have executed the Commitment Note and the
Registration Rights Agreement, and delivered the same to RAB;

                                       10
<PAGE>

                  c. The Common Stock shall not have been suspended from trading
on or delisted from the Principal Market;

                  d. The representations and warranties of the Company contained
herein shall be true and correct as of the date when made and as of the Closing
Date as though made at that time (except for representations and warranties that
speak as of a specific date) and the Company shall have performed, satisfied and
complied with the covenants, agreements and conditions required by this
Agreement to be performed, satisfied or complied with by the Company at or prior
to the Closing Date;

                  e. The Board of Directors of the Company shall have adopted
resolutions consistent with Section 3(b)(ii) above (the "RESOLUTIONS"); and

                  f. The Company shall have made all filings under all
applicable federal and state securities laws necessary to consummate the
issuance of the Commitment Note pursuant to this Agreement in compliance with
such laws.

         7. INDEMNIFICATION.

         In consideration of RAB's execution and delivery of the Amended Loan
Agreement and the Registration Rights Agreement and in addition to all of the
Company's other obligations under the Transaction Documents, the Company shall
defend, protect, indemnify and hold harmless RAB and each other holder of the
Amended Note and the Securities and all of their stockholders, officers,
directors, employees and direct or indirect investors and any of the foregoing
persons' agents or other representatives (including, without limitation, those
retained in connection with the transactions contemplated by this Agreement)
(collectively, the "INDEMNITEES") from and against any and all actions, causes
of action and suits and from any claims, losses, costs, penalties, fees,
liabilities and damages, and expenses actually suffered or actually paid by such
Indemnitee in connection therewith (irrespective of whether any such Indemnitee
is a party to the action for which indemnification hereunder is sought), and
including reasonable attorneys' fees and disbursements (the "INDEMNIFIED
LIABILITIES"), incurred by any Indemnitee as a result of, or arising out of, or
relating to: (a) any misrepresentation or breach of any representation or
warranty made by the Company in the Transaction Documents or any other
certificate, instrument or document contemplated thereby, provided such
Indemnitee notifies the Company of its claim for indemnification under this
Section 7 for such misrepresentation or breach of a representation or warranty
on or before the date which is one (1) year after the date of this Agreement;
(b) any breach of any covenant, agreement or obligation of the Company contained
in the Transaction Documents or any other certificate, instrument or document
contemplated thereby; or (c) any cause of action, suit or claim brought or made
against such Indemnitee (other than a cause of action, suit or claim which is
(x) brought or made by the Company and (y) is not a shareholder derivative suit)
and arising out of or resulting from: (i) the execution, delivery, performance
or enforcement of the Transaction Documents; or (ii) solely the status of RAB or
holder of the Amended Note or the Securities as an investor in the Company. To
the extent that the foregoing undertaking by the Company may be unenforceable
for any reason, the Company shall make the maximum contribution to the payment
and satisfaction of each of the Indemnified Liabilities which is permissible
under applicable law.

                                       11
<PAGE>

8. GOVERNING LAW; MISCELLANEOUS.

                  a. Governing Law; Jurisdiction; Jury Trial. The corporate laws
of the State of Nevada shall govern all issues concerning the relative rights of
the Company and its stockholders. All other questions concerning the
construction, validity, enforcement and interpretation of this Agreement shall
be governed by the internal laws of the State of New York, without giving effect
to any choice of law or conflict of law provision or rule (whether of the State
of New York or any other jurisdictions) that would cause the application of the
laws of any jurisdictions other than the State of New York. Each party hereby
irrevocably submits to the non-exclusive jurisdiction of the state and federal
courts sitting in the City of New York, borough of Manhattan, for the
adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that
such suit, action or proceeding is brought in an inconvenient forum or that the
venue of such suit, action or proceeding is improper. Each party hereby
irrevocably waives personal service of process and consents to process being
served in any such suit, action or proceeding by mailing a copy thereof to such
party at the address for such notices to it under this Agreement and agrees that
such service shall constitute good and sufficient service of process and notice
thereof. Nothing contained herein shall be deemed to limit in any way any right
to serve process in any manner permitted by law. Each party hereby irrevocably
waives any right it may have, and agrees not to request, a jury trial for the
adjudication of any dispute hereunder or in connection herewith or arising out
of this Agreement or any transaction contemplated hereby.

                  b. Counterparts. This Agreement may be executed in two or more
identical counterparts, all of which shall be considered one and the same
agreement and shall become effective when counterparts have been signed by each
party and delivered to the other party; provided that a facsimile signature
shall be considered due execution and shall be binding upon the signatory
thereto with the same force and effect as if the signature were an original, not
a facsimile signature.

                  c. Headings. The headings of this Agreement are for
convenience of reference and shall not form part of, or affect the
interpretation of, this Agreement.

                  d. Severability. If any provision of this Agreement shall be
invalid or unenforceable in any jurisdiction, such invalidity or
unenforceability shall not affect the validity or enforceability of the
remainder of this Agreement in that jurisdiction or the validity or
enforceability of any provision of this Agreement in any other jurisdiction.

                  e. Entire Agreement; Amendments. The Transaction Documents
supersede all other prior oral or written agreements between RAB, the Company,
their affiliates and persons acting on their behalf with respect to the matters
discussed herein, and this Agreement and the instruments referenced herein
contain the entire understanding of the parties with respect to the matters
covered herein and therein and, except as specifically set forth herein or
therein, neither the Company nor RAB makes any representation, warranty,
covenant or undertaking with respect to such matters. No provision of this
Agreement, any Schedule or Exhibit, may be amended other than by an instrument
in writing signed by the Company and RAB. No provision hereof may be waived
other than by an instrument in writing signed by the party against whom
enforcement is sought.

                                       12
<PAGE>

                  f. Notices. Any notices, consents, waivers or other
communications required or permitted to be given under the terms of this
Agreement must be in writing and will be deemed to have been delivered: (i) upon
receipt, when delivered personally; (ii) upon receipt, when sent by facsimile
(provided confirmation of transmission is mechanically or electronically
generated and kept on file by the sending party); or (iii) three (3) Business
Days after deposit with a nationally recognized overnight delivery service, in
each case properly addressed to the party to receive the same. The addresses and
facsimile numbers for such communications shall be:
<TABLE>
<S>                                                          <C>
If to the Company:                                           With a copy to:

     Lifestream Technologies, Inc.                                 Schneider Weinberger & Beilly LLP
     510 West Clearwater Loop, Suite 101                           2200 Corporate Blvd., NW, Suite 210
     Post Falls, Idaho 83854                                       Boca Raton, FL 33432
     Telephone:     (208) 457-9409                                 Telephone:  (561) 362-9595
     Facsimile:  (208) 457-9509                                    Facsimile:  (561) 362-9595
     E-Mail:  NikkiN@lifestreamtech.com                            E-Mail:  steve@swblaw.net
     Attention:  Nikki Nessan                                      Attention:  Steven I. Weinberger, Esq.
If to RAB:                                                   With a copy to:

     RAB Special Situations LP                                     Katten Muchin Zavis Rosenman
     c/o RAB Capital plc                                           525 West Monroe Street
     1 Adam Street                                                 Chicago, Illinois  60661-3693
     London                                                        Telephone:  (312) 902-5587
     WC2N 6LE                                                      Facsimile:  (312) 577-4571
     United Kingdom                                                E-Mail:  milton.buckingham@kmzr.com
     Telephone:  44 (0)20 7389 7000                                Attention:  Milton K. Buckingham, Esq.
     Facsimile:  44 (0)20 7389 7050
     E-Mail:  jj@rabcap.com
     Attention:   Joseph Jayaraj
</TABLE>

         Any party may modify its notice information by written notice given to
each other party no less than five days prior to the effectiveness of such
change. Written confirmation of receipt: (A) given by the recipient of such
notice, consent, waiver or other communications; (B) mechanically or
electronically generated by the sender's facsimile machine containing the time,
date, recipient facsimile number and an image of the first page of such
transmission; or (C) provided by a nationally recognized overnight delivery
service shall be rebuttable evidence of personal service, receipt by facsimile
or receipt from a nationally recognized overnight delivery service in accordance
with clause (i), (ii) or (iii) above, respectively.

                                       13
<PAGE>

                  g. Successors and Assigns. This Agreement shall be binding
upon and inure to the benefit of the parties and their respective successors and
assigns. The Company shall not assign this Agreement or any rights without the
prior written consent of RAB. RAB may assign some or all of its rights hereunder
without the consent of the Company, provided, however, that any such assignment
shall not release RAB from its obligations hereunder unless such obligations are
assumed by such assignee and the Company has consented to such assignment and
assumption. Notwithstanding anything to the contrary contained in the
Transaction Documents, RAB shall be entitled to pledge the Securities in
connection with a bona fide margin account or other loan secured by such
Securities.

                  h. Survival. Unless this Agreement is terminated under Section
8(j), the representations and warranties of the Company and RAB contained in
Sections 2 and 3, the agreements and covenants set forth in Sections 4 and 8,
and the indemnification provisions set forth in Section 7, shall survive the
Closing. RAB shall be responsible only for its own representations, warranties,
agreements and covenants hereunder.

                  i. Further Assurances. Each party shall do and perform, or
cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and
documents, as the other party may reasonably request in order to carry out the
intent and accomplish the purposes of this Agreement and the consummation of the
transactions contemplated hereby.

                  j. Termination. In the event that the Closing shall not have
occurred on or before two (2) Business Days from the date hereof due to the
Company's or RAB's failure to satisfy one or more of the conditions set forth in
Sections 5 and 6 above and the non-breaching party's failure to waive such
unsatisfied condition(s), the non-breaching party shall have the option to
terminate this Agreement with respect to such breaching party at the close of
business on such date without liability of any party to any other party.

                  k. Placement Agent or Exchange Agent. The Company acknowledges
that it has not engaged a placement agent or exchange agent in connection with
the transactions contemplated by this Agreement. The Company shall be
responsible for the payment of any placement agent's fees, exchange agent fees
or brokers' commissions relating to or arising out of the transactions
contemplated hereby. The Company shall pay, and hold RAB harmless against, any
liability, loss or expense (including, without limitation, reasonable attorneys'
fees and out of pocket expenses) arising in connection with any such claim.

l. Remedies. RAB and each holder of the Amended Note and the Securities shall
ihave all rights and remedies set forth in the Transaction Documents and all
rights and remedies which such holders have been granted at any time under any
other agreement or contract and all of the rights which such holders have under
any law. Any person having any rights under any provision of this Agreement
shall be entitled to enforce such rights specifically (without posting a bond or
other security), to recover damages by reason of any breach of any provision of
this Agreement and to exercise all other rights granted by law.

                                   * * * * * *

                                       14
<PAGE>

         IN WITNESS WHEREOF, RAB and the Company have caused this Agreement to
be duly executed as of the date first written above.
<TABLE>
<S>                                                          <C>
COMPANY:                                                     RAB:
LIFESTREAM TECHNOLOGIES, INC.                                RAB SPECIAL SITUATIONS LP

                                                             By:  RAB Partners Limited, its General Partner

By:                                                          By:
    -------------------------------------------------           -----------------------------------------
Name:                                                        Name:
     ------------------------------------------------             ---------------------------------------
Title:                                                       Its:
      -----------------------------------------------             ---------------------------------------
</TABLE>

                                       15
<PAGE>

                                   SCHEDULE A
                                   ----------

                                  INDEBTEDNESS

Financial statements from Form 10Q-SB for the quarter ended September 30, 2004.

<PAGE>

                                   SCHEDULE B
                                   ----------

                      INDEBTEDNESS AS OF NOVEMBER 12, 2004

CURRENT OUTSTANDING CAPITAL LEASES FOR PERSONAL PROPERTY:
<TABLE>
<CAPTION>
          LEASE INFORMATION                         AMOUNT OUTSTANDING      LEASE DESCRIPTION
          -----------------                         ------------------      -----------------
<C>                                                  <C>                    <C>
1)        DELL FINANCIAL SERVICES                    $6,303.97              9 Dell Computers and components
          P.O. Box 5292
          Carol Stream, IL 60197-5292
          Acct. # 001-1006955-002
          877-663-3355

2)        GE CAPITAL (PHONE LEASE)                   $13,868.34             Phone system upgrade
          P.O. Box 31001-0270
          Pasadena, CA 91110-0270
          Acct. # 6705338-004
          800-633-3980

3)        AMERICAN EXPRESS                           $1,490.71              Cisco Networking Equipment
          BUSINESS FINANCE
          P.O. Box 660631
          Dallas, TX 75266-0631
          Acct. # 373563
          800-690-2225

4)        WELLS FARGO FINANCIAL LEASING              $7,899.07              IBM network Servers (portion of them)
          P.O. Box 98789
          Las Vegas, NV 89193-8789
          Acct. # 42411388-1
          800-221-5585

5)        GE CAPITAL LEASE                           $3,054.23              IBM network Servers (portion of them)
          P.O. Box 31001-0497
          Pasadena, CA 91110-0497
          Acct. # 9050255-001
          800-821-3922
</TABLE>

<PAGE>

                                   SCHEDULE C
                                   ----------

                      INDEBTEDNESS AS OF NOVEMBER 12, 2004

CURRENT OUTSTANDING CAPITAL LEASES FOR PERSONAL PROPERTY:
<TABLE>
<CAPTION>
          LEASE INFORMATION                         AMOUNT OUTSTANDING      LEASE DESCRIPTION
          -----------------                         ------------------      -----------------
<C>                                                  <C>                    <C>
1)        DELL FINANCIAL SERVICES                    $6,303.97              9 Dell Computers and components
          P.O. Box 5292
          Carol Stream, IL 60197-5292
          Acct. # 001-1006955-002
          877-663-3355

2)        GE CAPITAL (PHONE LEASE)                   $13,868.34             Phone system upgrade
          P.O. Box 31001-0270
          Pasadena, CA 91110-0270
          Acct. # 6705338-004
          800-633-3980

3)        AMERICAN EXPRESS                           $1,490.71              Cisco Networking Equipment
          BUSINESS FINANCE
          P.O. Box 660631
          Dallas, TX 75266-0631
          Acct. # 373563
          800-690-2225

4)        WELLS FARGO FINANCIAL LEASING              $7,899.07              IBM network Servers (portion of them)
          P.O. Box 98789
          Las Vegas, NV 89193-8789
          Acct. # 42411388-1
          800-221-5585

5)        GE CAPITAL LEASE                           $3,054.23              IBM network Servers (portion of them)
          P.O. Box 31001-0497
          Pasadena, CA 91110-0497
          Acct. # 9050255-001
          800-821-3922

</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]