Document:

ESCROW
      AGREEMENT

     

    This
      Escrow Agreement is made as of the 28th day of December 2005, by and among
      Patient Safety Technologies, Inc., a Delaware corporation (“PST”), Alan Morelli
      (“Morelli” and together with PST, the “Purchasers”),
      the
      shareholders of Digicorp,
      a Utah corporation (the “Company”), set forth in Schedule A hereto (the
“Sellers”), and
      Sichenzia Ross Friedman Ference LLP, a New York limited liability partnership
      having offices at 1065 Avenue of the Americas, New York, New York 10018
      (the "Escrow Agent").

     

    RECITALS

     

    The
      Purchasers and the Sellers are parties to that certain Amendment No. 1 dated
      as
      of December 28, 2005 (the “Amendment”) to the Stock Purchase Agreement dated
      December 29, 2004 (the "Purchase Agreement"). PST and Morelli are parties to
      that certain Assignment Agreement dated as of December 28, 2005 (the
“Assignment”), pursuant to which PST assigned certain obligations of PST under
      the Purchase Agreement, as amended by the Amendment, to Morelli. Pursuant to
      the
      terms of the Purchase Agreement, as amended by the Amendment, and the terms
      of
      the Assignment, the Sellers have agreed to sell the additional shares set forth
      in Schedule A (the “Shares”) to the Purchasers upon registering the resale of
      such Shares with the Securities and Exchange Commission (the “SEC”). The
      Purchasers and the Sellers wish to provide for the escrow of the Shares pending
      the purchase by the Purchasers, and desire that the Escrow Agent hold such
      Shares in connection therewith pursuant to the provisions of this Agreement,
      and
      the Escrow Agent is willing to hold such Shares pursuant to the provisions
      of
      this Agreement. All capitalized terms contained herein and not otherwise defined
      shall have the meaning ascribed to them in the Purchase Agreement, as amended.
      

    

    In
      consideration of the premises and mutual covenants, agreements, representations
      and warranties contained herein, the parties hereby agree as
      follows:

    

    1. The
      Purchasers and the Sellers hereby appoint the Escrow Agent to hold the Shares
      and the duly executed, medallion guaranteed stock powers related thereto (the
      “Escrowed Property”), in trust, and the Escrow Agent accepts such appointment,
      subject to the terms and conditions hereof. Upon signing this Escrow Agreement,
      the Sellers shall deliver stock certificates, together with medallion guaranteed
      stock powers related thereto, representing the Shares to the Escrow in the
      amounts set forth in Schedule A.

    

    2.
       Upon
      notification from the SEC that a registration statement registering the resale
      of the Shares by the Sellers (the “Registration Statement”) has been declared
      effective, the Escrow Agent shall deliver the Shares to the Purchasers. Pending
      delivery of the Escrowed Property out of escrow as provided herein, Escrow
      Agent
      shall hold all securities constituting the Escrowed Property in its custody
      in
      accordance with the terms of this Escrow Agreement.

     

    3. In
      addition to the deliveries required by Section 2, the Escrow Agent shall, from
      time to time, deliver all or some of the Escrowed Property to Sellers and
      Purchasers in accordance with such written instructions, jointly executed by
      Purchasers and Seller, as Escrow Agent may receive.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    4. Escrow
      Agent shall not be under any duty to give the Escrowed Property any greater
      degree of care than it gives its own similar property, and it shall have no
      liability hereunder, except for the willful breach of its duties
      hereunder.

    

    5. Escrow
      Agent shall have no duties or responsibilities except those expressly set forth
      herein, and no implied duties or obligations should be read into this Escrow
      Agreement against Escrow Agent. Escrow Agent need not refer to, and will not
      be
      bound by, the provisions of any other agreement.

    

    6. Escrow
      Agent may consult with counsel and shall be fully protected with respect to
      any
      action taken or omitted by it in good faith on advice of counsel.

    

    7. Escrow
      Agent makes no representation as to the validity, value, genuineness or the
      collectibility of any security or other document or instrument held by or
      delivered to it.

    

    8. Escrow
      Agent will receive no compensation for its services hereunder.

    

    9. In
      the
      event that Escrow Agent shall be uncertain as to its duties or rights hereunder,
      or shall receive instructions from Sellers or Purchasers, or both, with respect
      to the Escrowed Property, which, in its opinion, are in conflict with any of
      the
      provisions hereof: (a) it shall be entitled to refrain from taking any action,
      and in doing so shall not become liable in any way or to any person for its
      failure or refusal to comply with such conflicting demands, and it shall be
      entitled to continue so to refrain from acting and so refuse to act until it
      shall be directed otherwise, in writing, jointly by Sellers and Purchasers
      or
      until it shall receive a final determination of a court of law, arbitration
      panel, or similar adjudicative body, or (b) it may commence as interpleader
      action in any court of competent jurisdiction to seek an adjudication of the
      rights of Sellers and Purchasers.

    

    10. Escrow
      Agent may act in reliance upon any notice, instruction, certificate, statement,
      request, consent, confirmation, agreement or other instrument which it believes
      to be genuine and to have been signed by a proper person or persons, and may
      assume that any of the officers of any Seller or Purchasers purporting to act
      on
      behalf of any Seller or Purchasers in giving any such notice or other instrument
      in connection with the provisions hereof has been duly authorize to do
      so.

    

    11. In
      the
      event that Escrow Agent shall by written notice request of Sellers and
      Purchasers instructions jointly executed by them regarding any matter arising
      in
      connection with this Escrow Agreement, and such parties shall not, within
      fifteen (15) days after the giving of such notice, deliver to Escrow Agent
      written instructions reasonably satisfactory to Escrow Agent in relation to
      such
      matter, Escrow Agent may retain counsel to advise it in such connection or
      act
pro se.

    

    12. (a) 
      In the
      event that Escrow Agent retains counsel or otherwise incurs any legal fees
      by
      virtue of any provision of this Escrow Agreement, the reasonable fees and
      disbursements of such counsel and any other liability, loss or expense which
      it
      may thereafter suffer or incur in connection with this Escrow Agreement or
      the
      performance or attempted performance in good faith of its duties hereunder
      shall
      be paid (or reimbursed to it) by Sellers and Purchasers, jointly and severally.
      In the event that Escrow Agent shall become a party to any litigation in
      connection with its functions as Escrow Agent pursuant to this Escrow Agreement,
      whether such litigation shall be brought by or against it, the reasonable fees
      and disbursements of counsel to Escrow Agent and the amounts attributable to
      services rendered by members or associates of Escrow Agent at the then
      prevailing hourly rate charged by them and disbursements incurred by them,
      together with any other liability, loss or expense which it may suffer or incur
      in connection therewith, shall be paid (or reimbursed to it) by Sellers and
      Purchasers, jointly and severally, unless such loss, liability or expense is
      due
      to the willful breach by Escrow Agent of its duties hereunder.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (b) Sellers
      and Purchasers jointly and severally hereby unconditionally agree to indemnify
      Escrow Agent and hold it harmless from and against any and all taxes (including
      federal, state and local taxes of any kind and other governmental charges),
      expenses, damages, actions, suits or other charges incurred by or brought or
      assessed against it for (i) anything done or omitted by it in the performance
      of
      its duties hereunder, or (ii) an account of its acting in its capacity as an
      Escrow Agent or stakeholder hereunder, except as a result of its willful breach
      of its duties under this Escrow Agreement.

    

    (c) All
      expenses incurred by Escrow Agent in connection with the performance of its
      duties hereunder shall be paid (or reimbursed to it) jointly and severally
      by
      Purchasers.

    

    (d) The
      agreements contained in this Section 12 shall survive any termination of the
      duties of Escrow Agent hereunder.

    

    13. Escrow
      Agent may resign at any time and be discharged from its duties as Escrow Agent
      hereunder by giving Sellers and Purchasers at least fifteen (15) days’ prior
      written notice thereof. As soon as practicable after its resignation, Escrow
      Agent shall turn over to the successor escrow agent appointed by Sellers and
      Purchasers the Escrowed Property then held by Escrow Agent upon presentation
      of
      the document appointing the new Escrow Agent and its acceptance thereof. If
      no
      new Escrow Agent is so appointed within thirty (30) days following such notice
      of resignation, Escrow Agent may deposit the Escrowed Property with, and
      commence an inter-pleader or other appropriate action in, any court of competent
      jurisdiction.

    

    14. Sellers
      and Purchasers may each terminate this Agreement by giving written notice to
      Escrow Agent and the other party, by certified or registered mail, ten (10)
      business days prior to the effective date of termination, to the effect that
      the
      non-terminating party has failed to satisfy its obligations under the Purchase
      Agreement, as amended. Within three (3) business days after receiving notice
      of
      termination, the non-terminating party shall advise Escrow Agent, in writing,
      by
      certified or registered mail, if it disputes the termination. Upon receiving
      such advice, Escrow Agent shall take no action until it receives either (a)
      a
      letter signed by both Sellers and Purchasers jointly directing it to deliver
      the
      Escrowed Property to one or both parties in accordance with the terms set forth
      in such letter or (b) a final determination by a court of law, arbitration
      panel
      or similar adjudicative body specifying the manner in which the Escrowed
      Property is to be turned over by Escrow Agent. If, on or prior to the effective
      date of termination, the non-terminating party fails to advise Escrow Agent
      that
      it disputes the termination, Escrow Agent shall thereupon turn over the Escrowed
      Property to the Sellers.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    15. For
      the
      purpose of this Escrow Agreement, a determination will be deemed final once
      Escrow Agent receives a written notification from counsel that no appeal of
      the
      determination is permitted, or that the time to appeal has expired.

     

    16. Escrow
      Agent shall have no responsibility for the contents of any writing of any
      arbitrator contemplated herein and may rely without liability upon the contents
      thereof.

    

    17. Morelli
      and the Sellers hereby acknowledge that the Escrow Agent is counsel to PST
      and
      Morelli and the Sellers hereby agree that they will not seek to disqualify
      the
      Escrow Agent from acting and continuing to act as counsel to PST in the event
      of
      a dispute hereunder or in the course of the defense or prosecution of any claim
      relating to the transactions contemplated hereby, by the Purchase Agreement,
      as
      amended, or by the Assignment.

    

    18.  Unless
      otherwise specified in this Escrow Agreement, all notices and other
      communications under this Escrow Agreement shall be in writing and shall be
      deemed given when delivered personally, by overnight commercial delivery service
      or mailed by certified mail, return receipt requested, or sent via facsimile
      (receipt confirmed) to the parties at
      the
      following addresses (or to such other address or facsimile numbers as a party
      may have specified by notice given to the other party pursuant to this
      provision):

    

    
      	
            	(a)	
              If
                to PST, to it at: 

            

    

    

    Attn:
      Milton “Todd” Ault, III

    Patient
      Safety Technologies, Inc.

    100
      Wilshire Boulevard, Suite 1750

    Santa
      Monica, CA 90401

    Facsimile:
      (310) 752-1481

    

    
      	 	
              (b)

            	
              If
                to Morelli, to him at:

            

    

    

    Alan
      Morelli

    _______________________

    _______________________

    Facsimile:
      _______________

    

    
      	 	
              (c)

            	
              If
                to the Sellers, to them at:

            

    

    

    c/o
      Gregg
      B. Colton

    1206
      W
      South Jordan Pkwy, Unit B

    South
      Jordan, UT 84095

    Facsimile:
      (801) 446-5500

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    
      	 	
              (d)

            	
              If
                to the Escrow Agent, to it at:

            

    

    

    Attn:
      Marc J. Ross, Esq.

    Sichenzia
      Ross Friedman Ference LLP

    1065
      Avenue of the Americas

    New
      York,
      NY 10018

    Facsimile:
      (212) 930-9725;

    

    or
      to
      such other persons, addresses or facsimile numbers as any party may have
      furnished in writing to the other parties. Copies of all communications
      hereunder shall be sent to the Escrow Agent.

    

    19. The
      terms
      and provisions of this Escrow Agreement may not be waived, discharged or
      terminated orally, but only by an instrument in writing signed by the person
      or
      persons against whom enforcement of the discharge, waiver or termination is
      sought.

    

    20. Escrow
      Agent shall not be bound by any modification of the provisions of this Escrow
      Agreement, unless such modification is in writing and signed by Sellers and
      Purchasers, and, with respect to any modification in its duties or its rights
      of
      indemnification hereunder, it shall have given its prior written consent
      thereto.

    

    21. Purchasers
      and Sellers shall, from time to time, execute such documents and perform such
      acts as Escrow Agent may reasonably request and as may be necessary to enable
      Escrow Agent to perform its duties hereunder or effectuate the transactions
      contemplated by thus Escrow Agreement.

    

    22. The
      provisions contained herein constitute the entire agreement among the parties
      respecting the subject matter hereof and supersede all previous communications,
      representations and agreements, whether verbal or written, among the parties
      with respect to the subject matter hereof.

    

    23. This
      Escrow Agreement may be executed in counterparts, each of which when executed
      by
      any party will be deemed to be an original and all of which counterparts will
      together constitute one and the same Escrow Agreement. 

    

    24. The
      rights created by this Agreement shall inure to the benefit of, and the
      obligations created hereby shall be binding upon, the heirs, successors, assigns
      and personal representatives of Escrow Agent, Purchasers and
      Sellers.

    

    25. This
      Escrow Agreement shall be governed by, and its provisions construed in
      accordance with the laws of the State of New York.

    

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK] 

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

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

     

    
      	 	
              PURCHASERS:

              

              PATIENT
                SAFETY TECHNOLOGIES, INC. 

              

              

              By:
                /s/
                Milton “Todd” Ault
                III                      
                

              Milton
                “Todd” Ault III

              Chairman
                and Chief Executive Officer

              

              

              /s/
                Alan
                Morelli                                               
                

              Alan
                Morelli

              

              SELLERS:

              

              

              /s/
                Don J.
                Colton                                             
                

              Don
                J. Colton

              

              

              /s/
                Gregg B.
                Colton                                         
                

              Gregg
                B. Colton 

              

              

              VERNAL
                WESTERN DRILLING

              

              By:
                /s/
                Gregg B.
                Colton                                  

              Name:
                Gregg B. Colton

              Title:
                President

              

              

              /s/
                Norman
                Sammis                                         
                

              Norman
                Sammis

              

              

              /s/
                Glenn W.
                Stewart                                      
                

              Glenn
                W. Stewart

            

    

     

    [SIGNATURES
      CONTINUE ON FOLLOWING PAGE]

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

       

      
        	 	
                /s/
                  Andrew
                  Buffmire                                       
                  

                Andrew
                  Buffmire

                

                 

              

      

      
        ESCROW
          AGENT:

        SICHENZIA
          ROSS FRIEDMAN FERENCE LLP

        

        

        By:
          /s/
          Thomas A.
          Rose                                

        Thomas
          A.
          Rose

        Partner

      

       

       

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    
SCHEDULE
      A

    ESCROWED
      PROPERTY

    

    Shares
      to be delivered to Alan Morelli upon effectiveness of the Registration
      Statement:

    

    
      	
              Seller

            	 	
              Number
                of Shares

            	 
	 	 	 	 
	
              Don
                J. Colton

            	 	 	
              248,775

            	 
	
              Vernal
                Western Drilling

            	 	 	
              408,497

            	 
	
              Gregg
                B. Colton

            	 	 	
              268,423

            	 
	
              Norman
                Sammis

            	 	 	
              14,869

            	 
	
              Glenn
                W. Stewart

            	 	 	
              14,869

            	 
	
              Andrew
                Buffmire

            	 	 	
              44,567

            	 
	 	 	 	 	 
	
              Total

            	 	 	
              1,000,000

            	 

    

    

     

    Shares
      to be delivered to Patient Safety Technologies, Inc. upon effectiveness of
      the
      Registration Statement:

    

    
      	
              Seller

            	 	
              Number
                of Shares

            	 
	 	 	 	 
	
              Don
                J. Colton

            	 	 	
              55,725

            	 
	
              Vernal
                Western Drilling

            	 	 	
              91,503

            	 
	
              Gregg
                B. Colton

            	 	 	
              60,127

            	 
	
              Norman
                Sammis

            	 	 	
              3,331

            	 
	
              Glenn
                W. Stewart

            	 	 	
              3,331

            	 
	
              Andrew
                Buffmire

            	 	 	
              9,983

            	 
	 	 	 	 	 
	
              Total

            	 	 	
              224,000

            	 

    

    

    
      
         

      

      
        8AMENDMENT NO. 1
                                       TO
                            STOCK PURCHASE AGREEMENT

      This Amendment No. 1 (this  "Amendment")  to the Stock Purchase  Agreement
dated as of December 29, 2004 (the "Purchase  Agreement") among Franklin Capital
Corporation,  a Delaware  corporation  (currently,  Patient Safety Technologies,
Inc.) (the  "Purchaser"),  and the shareholders of Digicorp,  a Utah corporation
(the  "Company"),  set forth in Section A of the  signature  page  thereto  (the
"Principal  Shareholders"),  and the  shareholders  of the  Company set forth in
Section B of the  signature  page thereto (the "Other  Shareholders"),  is dated
December 28, 2005.

                                   WITNESSETH:

      WHEREAS,  on or about  December 30, 2004,  the  Purchaser,  the  Principal
Shareholders and the Other Shareholders  entered into the Purchase Agreement,  a
copy of which is attached hereto as Exhibit A;

      WHEREAS,  simultaneously with the execution of this Amendment, the parties
are  entering  into an  Assignment  Agreement  (the  "Assignment"),  whereby the
Purchaser  is  assigning  part  of its  obligations  pursuant  to  the  Purchase
Agreement, as amended by this Amendment, to Alan Morelli ("Morelli"); and

      WHEREAS,  the  parties  now  desire to amend  the  Purchase  Agreement  as
hereinafter set forth.

      NOW,  THEREFORE,  in  consideration  of and for the  mutual  promises  and
covenants contained herein, and for other good and valuable  consideration,  the
receipt  of which is  hereby  acknowledged,  the  Purchase  Agreement  is hereby
amended as follows:

      1. All  capitalized  terms not  defined  herein  shall  have the  meanings
ascribed to such terms in the Purchase Agreement.

      2. Section 1.1 of the Purchase  Agreement is hereby amended to be and read
as follows:

                  "1.1 Sale and Purchase of Shares.

                  Upon the terms and subject to the conditions contained herein,
      on the Closing Date each Seller shall sell, assign,  transfer,  convey and
      deliver to the  Purchaser,  and the  Purchaser  shall  purchase  from each
      Seller, the Shares of such Seller set forth opposite such Seller's name in
      the column  entitled  "Shares Sold on Signing of  Agreement" on Schedule A
      hereto.  Each Seller with Shares set forth  opposite such Seller's name in
      the column entitled  "Shares To Be Registered"  further agrees to sell the
      Shares in such column upon effectiveness of the Registration Statement (as
      hereafter defined) (the "Registration Date"). The purchase and sale of the
      Shares  pursuant to this  Agreement  shall be effective as of the close of
      business  on  December  29, 2004 (the  "Effective  Time"),  except for the
      Registrable  Shares,  which shall be sold effective as of the Registration
      Date."

                                       1
<PAGE>

      3. Section 2.1 of the Purchase  Agreement is hereby amended to be and read
as follows:

                  "2.1 Amount of Purchase Price.

                  The purchase  price for the Shares shall be an amount equal to
      (a) $0.135 per share for all Sellers selling 80% of their Total Shares, in
      the amounts set forth on Schedule  A(1)  hereto,  and (b) $0.145 per share
      for all Sellers  selling  100% of their Total  Shares,  in the amounts set
      forth on Schedule A(2) hereto (the "Purchase  Price").  The purchase price
      for the Registrable  Shares shall be $0.135 per share if the  Registration
      Date is within six months  from the date hereof and shall be $0.145 if the
      Registration Date is after six months from the date hereof."

      4. The  closing  and the  sale  and  purchase  of the  Registrable  Shares
provided  for in Section 1.1 shall take place at the offices of  Sichenzia  Ross
Friedman Ference LLP located at 1065 Avenue of the Americas,  New York, New York
10018 (or at such other place as the parties may designate in writing) as of the
Registration Date.

      5. Section 3.2(a) of the Purchase  Agreement,  which is set forth below in
its entirety, is hereby deleted.

            "(a) At the  election  of the Sellers or the  Purchaser  on or after
December  31,  2004,  if the  Closing  shall not have  occurred  by the close of
business on such date,  provided that the terminating party is not in default of
any of its obligations hereunder;"

      6. The parties hereto hereby  acknowledge that the Registrable  Shares may
not be  purchased  and  sold  until  the  sale of  such  Registrable  Shares  is
registered pursuant to an effective Registration Statement.  Accordingly, solely
as applicable to the Registrable Shares, the parties hereto hereby waive Section
3.2(c) of the Purchase Agreement.

      7. Section 6.7(b) of the Purchase  Agreement,  which is set forth below in
its entirety, is hereby deleted.

                  "(b) If, and to the extent, such Registration Statement is not
      declared effective by the SEC within one year from the Effective Date, the
      Purchaser  shall cause the Company to redeem the  Registrable  Shares at a
      rate of $0.145 per share."

      8.  As  consideration  (the   "Consideration")   for  entering  into  this
Amendment, upon deposit of the Registrable Shares into escrow in accordance with
the Escrow Agreement attached hereto as Exhibit C: (a) Morelli shall deliver one
hundred forty-five thousand dollars and three cents ($145,000.03) to the holders
of Registrable  Shares set forth on the signature page hereto (the  "Registrable
Shareholders");  and (b) the Purchaser  shall deliver  thirty-two  thousand four
hundred  eighty  dollars  and  three  cents   ($32,480.03)  to  the  Registrable
Shareholders.  The  Consideration  shall  constitute  a loan to the  Registrable
Shareholders  which shall not be repayable  until such time that the Registrable
Shares are  delivered to Morelli and the Purchaser as  contemplated  pursuant to
the terms of the Assigment.  The Consideration  shall be paid by Morelli and the
Purchaser in accordance with Schedule I hereto.

                                       2
<PAGE>

      9. Upon  Execution of this  Amendment:  (a) the  Registrable  Shareholders
shall  deliver  to  Morelli  and the  Purchaser  promissory  notes,  in the form
attached  hereto as Exhibit B (the "Notes"),  in accordance with Schedule I; and
(b) the  Registrable  Shareholders  shall  deposit the  Registrable  Shares into
escrow in accordance with the Escrow Agreement  attached hereto as Exhibit C. On
the Registration Date, the Consideration shall be applied against payment of the
purchase  price for the  Registrable  Shares,  at which time the Notes  shall be
cancelled  and the  Registrable  Shares  shall be  delivered  to Morelli and the
Purchaser.

      10. The Company  hereby  agrees that if it does not register the resale of
the Registrable Shares as required pursuant to Section 4 of the Assignment on or
before June 30, 2005, then the Company shall redeem the Registrable  Shares from
the  Registrable  Shareholders  at a price of $0.145 per share (the  "Redemption
Price") and the Company shall thereupon sell an aggregate of 1,224,000 shares of
the Company's common stock at a price of $0.145 per share (the "Redemption Share
Purchase  Price") to Morelli and the Purchaser in accordance with the Allocation
of Registrable  Shares  described in Schedule I. Upon such  redemption and sale,
the Consideration  described in Section 8 hereof shall constitute the Redemption
Price  paid  by the  Company  to  the  Registrable  Shareholders  and  also  the
Redemption  Share  Purchase  Price  paid by  Morelli  and the  Purchaser  to the
Company, and the Notes shall automatically be cancelled.

      11. (a) This  Amendment  shall be construed and  interpreted in accordance
with the laws of the State of California  without  giving effect to the conflict
of laws rules thereof or the actual domiciles of the parties.

      (b) Except as amended  hereby,  the terms and  provisions  of the Purchase
Agreement shall remain in full force and effect,  and the Purchase  Agreement is
in all respects ratified and confirmed. On and after the date of this Amendment,
each  reference in the Purchase  Agreement  to the  "Agreement,"  "hereinafter,"
"herein,"  "hereinafter,"  "hereunder,"  "hereof," or words of like import shall
mean and be a reference to the Purchase Agreement as amended by this Amendment.

      (c) This  Amendment may be executed in one or more  counterparts,  each of
which  shall be  deemed  an  original  and all of  which  taken  together  shall
constitute a single Amendment.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       3
<PAGE>

      IN WITNESS WHEREOF,  the parties hereto have executed this Amendment No. 1
to the Purchase Agreement as of the date first stated above.

                                        PURCHASER:

                                        PATIENT SAFETY TECHNOLOGIES, INC.
                                        (FORMERLY, FRANKLIN CAPITAL CORPORATION)

                                        By: /s/ Milton "Todd" Ault III
                                            ------------------------------------
                                            Milton "Todd" Ault III
                                            Chairman and Chief Executive Officer

                                        HOLDERS OF REGISTRABLE SHARES:

                                        /s/ Don J. Colton
                                        ----------------------------------------
                                        Don J. Colton
                                        Registrable Shares Owned: 304,500

                                        /s/ Gregg B. Colton
                                        ----------------------------------------
                                        Gregg B. Colton
                                        Registrable Shares Owned: 328,550

                                        VERNAL WESTERN DRILLING

                                        By: /s/ Gregg B. Colton
                                            ------------------------------------
                                            Name:  Gregg B. Colton
                                            Title: President
                                            Registrable Shares Owned: 500,000

                                        /s/ Norman Sammis
                                        ----------------------------------------
                                        Norman Sammis
                                        Registrable Shares Owned: 18,200

                                        /s/ Glenn W. Stewart
                                        ----------------------------------------
                                        Glenn W. Stewart
                                        Registrable Shares Owned: 18,200

                     [SIGNATURES CONTINUE ON FOLLOWING PAGE]

                                       4
<PAGE>

                                        /s/ Andrew Buffmire
                                        ----------------------------------------
                                        Andrew Buffmire
                                        Registrable Shares Owned: 54,550

                                        ACKNOWLEDGED AND AGREED:

                                        /s/ Alan Morelli
                                        ----------------------------------------
                                        Alan Morelli

                                        DIGICORP

                                        By: /s/ William B. Horne
                                            ------------------------------------
                                            Name:  William B. Horne
                                            Title: Chief Executive Officer

                                       5
<PAGE>

                                   Schedule I
                      Allocation of Consideration and Notes

Alan Morelli:

Holder of                          Number of                 Consideration
Registrable                        Registrable               and Notes
Shares                             Shares                    to be Delivered
-----------                        -----------               ---------------

Don J. Colton                          248,775               $     36,072.38
Vernal Western Drilling                408,497               $     59,232.07
Gregg B. Colton                        268,423               $     38,921.34
Norman Sammis                           14,869               $      2,156.01
Glenn W. Stewart                        14,869               $      2,156.01
Andrew Buffmire                         44,567               $      6,462.22
                                   -----------               ---------------

Total                                1,000,000               $    145,000.03
                                   ===========               ===============

Patient Safety Technologies, Inc.:

Holder of                          Number of                 Consideration
Registrable                        Registrable               and Notes
Shares                             Shares                    to be Delivered
-----------                        -----------               ---------------

Don J. Colton                           55,725               $      8,080.13
Vernal Western Drilling                 91,503               $     13,267.94
Gregg B. Colton                         60,127               $      8,718.42
Norman Sammis                            3,331               $        483.00
Glenn W. Stewart                         3,331               $        483.00
Andrew Buffmire                          9,983               $      1,447.54
                                   -----------               ---------------

Total                                  224,000               $     32,480.03
                                   ===========               ===============
<PAGE>

                                    Exhibit A
                            Stock Purchase Agreement

<PAGE>

                                    Exhibit B
                             Form of Promissory Note

$____________                                                    [CITY], [STATE]
                                                                __________, 2005

            FOR   VALUE    RECEIVED,    ____________________    (the   "Maker"),
[individually/a     __________    corporation]    with    [his/its]    principal
[residence/office] located at  ________________________________________,  hereby
promises to pay [Alan Morelli/Patient Safety Technologies,  Inc.] (the "Payee"),
[an    individual/a     Delaware     corporation]    with    an    address    at
________________________________________,      the      principal     sum     of
_________________________ dollars and __________ cents ($____________) in lawful
money of the United States on the Registration  Date (as defined in that certain
Stock  Purchase  Agreement  dated as of December 29, 2004 by and among  Franklin
Capital  Corporation  (currently,  Patient  Safety  Technologies,  Inc.) and the
Sellers  identified on the signature  page thereto) (the  "Maturity  Date").  No
interest shall accrue on the principal amount of this Note.

            Upon redemption of the  Registrable  Shares (defined in that certain
Stock  Purchase   Agreement  dated  as  of  December  29,  2004  (the  "Purchase
Agreement")  among  Franklin  Capital   Corporation,   a  Delaware   corporation
(currently,  Patient  Safety  Technologies,   Inc.),  and  the  shareholders  of
Digicorp,  a Utah  corporation  (the  "Company"),  set forth in Section A of the
signature page thereto, and the shareholders of the Company set forth in Section
B of the  signature  page  thereto)  pursuant to Amendment No. 1 to the Purchase
Agreement,  this  Note  shall be  automatically  cancelled  and all  obligations
hereunder shall be deemed null and void.

            This Note may not be changed,  modified or  terminated  orally,  but
only by an  agreement in writing,  signed by the party to be charged.  The Maker
hereby  authorizes the Payee to complete this Note and any particulars  relating
thereto according to the terms of the indebtedness evidenced hereby.

            In the  event of any  litigation  with  respect  to the  obligations
evidenced  by this Note,  the Maker  waives the right to a trial by jury and all
rights  of  set-off  and  rights  to  interpose  permissive   counterclaims  and
cross-claims.  This Note shall be governed by and construed in  accordance  with
the laws of the State of  California  and shall be binding upon the  successors,
assigns,  heirs,  administrators  and  executors  of the  Maker and inure to the
benefit  of  the  Payee,  [his/its]  successors,   endorsees,   assigns,  heirs,
administrators and executors.

            The Maker hereby  irrevocably  consents to the  jurisdiction  of the
state and federal  courts  located in the County of Los Angeles,  California  in
connection  with any action or  proceeding  arising  out of or  relating to this
Note.  If any term or provision of this Note shall be held  invalid,  illegal or
unenforceable, the validity of all other terms and provisions hereof shall in no
way be affected thereby.

                                      B-1
<PAGE>

                                              [__________________________]

                                              By:_______________________________

                                              Name:_____________________________

                                              Title:____________________________

ATTEST:

___________________________

                                      B-2
<PAGE>

                                    Exhibit C
                                Escrow Agreement

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