Document:

Exhibit 10.7

RESTRICTED ACCOUNT AGREEMENT 

          This
Restricted Account Agreement (this “Agreement”)
is entered into this 4th day of May, 2007, by and among NORTH FORK BANK, a New York banking corporation with offices at 275
Broadhollow Road, Melville, New York 11747 (together with its successors
and assigns, the “Bank”),
TRUEYOU.COM INC., a Delaware corporation with offices at Building No. 501,
Fifth Floor, 7 Corporate Park, Norwalk, Connecticut 06851 (together with its
successors and assigns, the “Company”), and LAURUS MASTER FUND, LTD., a Cayman
Islands corporation with offices at c/o M&C Corporate Services Limited,
P.O. Box 309 GT, Ugland House, South Church Street, George Town, Grand Cayman,
Cayman Islands (together with its successors and assigns, “Laurus”). Unless otherwise defined
herein, capitalized terms used herein shall have the meaning provided such
terms in the Purchase Agreement referred to below.

          WHEREAS,
Laurus has provided financing to the Company, which financing is evidenced by
an Amended and Restated Securities Purchase Agreement between them dated as of
the date hereof (as amended, modified or supplemented from time to time, the
“Purchase Agreement”) and the Related Agreements referred to therein;

          WHEREAS,
the Company and Laurus have retained the Bank to provide certain services with
respect to the Restricted Account (as defined below); and

          WHERERAS,
the Company and Laurus have agreed that an amount of cash equal to
$12,914,256.61 shall be deposited by Laurus on behalf of the Company by wire
transfer of immediately available funds into the Restricted Account, which cash
shall be held by the Bank for the benefit of Laurus, as security for the
Company’s and its Subsidiaries’ obligations under the Purchase Agreement and the
Related Agreements. For the purposes of this Agreement, the “Restricted
Account” shall mean that certain deposit account (as defined in Section 9-102
of the Uniform Commercial Code as in effect in the State of New York on the
date hereof) described on Exhibit B hereto, which Restricted Account shall be
maintained at the Bank and shall be in the sole dominion and control of Laurus;

          NOW
THEREFORE, in consideration of the mutual promises contained herein and for
other good and valuable consideration the sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

          1.
The Bank is hereby authorized to accept for deposit into the Restricted Account
the sum of $12,914,256.61. The Bank hereby agrees to hold any and all monies,
and other amounts from time to time on deposit and/or held in the Restricted
Account for the benefit of Laurus and shall not release any monies held in the
Restricted Account until such time as the Bank shall have received a notice
from Laurus substantially in the form attached hereto as Exhibit A (a “Release
Notice”). Following the receipt of a Release Notice from Laurus, the Bank
agrees to promptly disburse the amount of cash referred to in such Release
Notice to such account as Laurus shall determine in its sole discretion. The
Bank hereby agrees that it will only

comply with
written instructions originated by Laurus directing disposition of funds in the
Restricted Account. The Company hereby irrevocably authorizes the Bank to
comply with any and all instructions given to the Bank by Laurus with respect
to the Restricted Account without further consent by the Company. The Bank, the
Company and Laurus agree that the Restricted Account is owned by the Company
but is in Laurus’ sole dominion and control.

          2.
Each of the Company, Laurus and the Bank hereby agrees that the Restricted
Account shall not be closed, and the account name and account number in respect
thereof shall not be changed, in any case, without the consent of the Laurus,
except as specifically provided for in Section 9 below.

          3.  The Bank hereby subordinates any claims and
security interests it may have against, or with respect to, the Restricted
Account (including any amounts from time to time on deposit therein) to the security
interests of Laurus therein, and agrees that no amounts shall be charged by it
to, or withheld or set-off or otherwise recouped by it from, the Restricted
Account or any amounts from time to time on deposit therein; provided that, in
connection with all service charges and any other charges which the Bank is
entitled to receive in connection with the servicing and maintaining of the
Restricted Account (such charges, collectively, the “Charges”), each of the
Company, Laurus and the Bank hereby agrees that the Bank will collect such
Charges in the following manner: (i) first, the Bank will charge other deposit
accounts maintained by the Company with the Bank, (ii) second, in the event
that there are insufficient collected funds in such other deposit accounts to
pay such Charges, the Bank will promptly notify the Company and Laurus with
respect to same and, within seven (7) business days of the Company’s receipt of
such notice, the Company shall pay to the Bank the full amount of such Charges
then due, and (iii) third, if the Company fails to pay to the Bank such Charges
then due within the time period set forth in the preceding clause (ii), the
Bank will promptly provide a written notice to Laurus of such occurrence and,
in such case, the Bank is hereby authorized, following a period of five (5)
business days after the receipt of such written notice by Laurus, to deduct
such Charges then due from the Restricted Account, unless, during such five (5)
business day period, Laurus pays the amount of any such Charges then due to the
Bank from its own account. Except for the payment of the Charges as set forth
in the immediately preceding proviso, the Bank agrees that it shall not offset,
deduct or claim against the Restricted Account unless and until Laurus has
notified the Bank in writing that all of the Company’s obligations under the
Purchase Agreement and the Related Agreements have been performed.

          4.
The Company and the Bank agree that the maintenance by the Bank of the
Restricted Account shall be as agent for Laurus. The Bank shall be responsible
for the performance of only such duties as are set forth herein. The Bank’s
duties hereunder, however, are merely ministerial, and the Bank shall have no
liability or obligation to the Company or Laurus or to any other person for any
act or omission of the Bank in connection with the performance of the Bank’s
duties in servicing and/or maintaining the Restricted Account, except for acts
of gross negligence or willful misconduct by Bank. IN NO EVENT, HOWEVER, SHALL
THE BANK HAVE ANY RESPONSIBILITY FOR CONSEQUENTIAL, INDIRECT, SPECIAL OR
EXEMPLARY DAMAGES OR LOST PROFITS, WHETHER OR NOT IT HAS NOTICE THEREOF, AND
REGARDLESS OF THE BASIS, THEORY OR NATURE OF THE ACTION UPON WHICH THE CLAIM IS
ASSERTED, NOR SHALL IT HAVE ANY RESPONSIBILITY OR LIABILITY FOR THE VALIDITY OR
ENFORCEABILITY OF ANY SECURITY INTEREST OR OTHER INTEREST OF LAURUS OR THE
COMPANY IN THE

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RESTRICTED
ACCOUNT. In furtherance of and without limiting the foregoing, the Company and
Laurus agree that the Bank shall not be liable for any damage or loss to them
for any delay or failure of performance arising out of the acts or omissions of
any third parties, including, but not limited to, various communication
services, courier services, the Federal Reserve system, any other bank or any
third party who may be affected by funds transactions, fire, mechanical,
computer or electrical failures or other unforeseen contingencies, strikes or
any similar or dissimilar cause beyond the reasonable control of the Bank. This
paragraph shall survive the termination of this Agreement.

          5.
Except where the Bank has been grossly negligent or has acted in bad faith,
each of Laurus and the Company and their respective successors and assigns will
release the Bank from and shall indemnify and hold the Bank harmless from and
against any and all losses, claims, damages, liabilities, costs and expenses
(including, without limitation, reasonable counsel fees, whether arising in an
action or proceeding among the parties hereto or otherwise, without regard to
the merit or lack of merit thereof) to which the Bank may become subject, or
which it may suffer or incur, arising out of or based upon this Agreement or
the actions contemplated hereby. This paragraph shall survive termination of
this Agreement.

          6.
The Bank shall be fully protected in acting on any order or direction by Laurus
respecting the items received by the Bank or the monies or other items in the
Restricted Account without making any independent inquiry whatsoever as to
Laurus’ rights or authority to give such order or direction or as to the
application of any payments made pursuant thereto.

          7.
Nothing in this Agreement shall be deemed to prohibit the Bank from complying
with its customary procedures in the event that it is served with any legal
process with respect to the Restricted Account.

          8.
The rights and powers granted in this to Laurus have been granted in order to
protect and further perfect its security interests in the Restricted Account
(including any amounts from time to time on deposit therein) and are powers
coupled with an interest and will be affected neither by any purported
revocation by the Company of this Agreement or the rights granted to Laurus
hereunder or by the bankruptcy, insolvency, conservatorship or receivership of
the Company or the Bank or by the lapse of time.

          9.
This Agreement may not be amended or waived except by an instrument in writing
signed by each of the parties hereto. This Agreement may be terminated by the
Bank upon giving the Company and Laurus thirty (30) days prior written notice.
Laurus shall designate a successor bank on or prior to the effective date of
such termination and the Bank shall deliver the balance in the Restricted
Account to such successor bank. Any notice required to be given hereunder may
be given, and shall be deemed given when delivered, via telefax, U.S. mail
return receipt requested or nationally recognized overnight courier to each of
the parties at the address set forth above. This Agreement may be executed in
any number of counterparts, each of which shall be an original and all of
which, when taken together, shall constitute one agreement. Delivery of an
executed signature page of this Agreement by facsimile transmission shall be
effective as delivery of a manually executed counterpart hereof or thereof, as
the case

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may be. This
Agreement shall be governed by, and construed in accordance with, the laws of
the State of New York, without regard to its conflict of laws principlesother
than those requiring or permitting the choice of New York law, jurisdiction and
venue. This Agreement sets forth the entire agreement between the parties
hereto as to the matters set forth herein and supersede all prior communications,
written or oral, with respect to the matters herein. EACH OF THE PARTIES HERETO
HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY CLAIM, ACTION,
SUIT OR PROCEEDING ARISING OUT OF OR CONTEMPLATED BY THIS AGREEMENT. THE BANK,
THE COMPANY AND LAURUS EACH HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE
FEDERAL AND NEW YORK STATE COURTS LOCATED IN THE COUNTY OF NEW YORK IN
CONNECTION WITH ANY DISPUTE RELATED TO THIS AGREEMENT OR ANY MATTERS
CONTEMPLATED HEREBY OR THEREBY.

*          *          *          *

4

          Agreed
and accepted this ___ day of May 2007.

	
 

	
 

	
 

	
 

	
NORTH FORK BANK

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
Name:

	
 

	
Title:

	
 

	
 

	
 

	
LAURUS MASTER FUND, LTD.

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
Name:

	
 

	
Title: Director

	
 

	
 

	
 

	
TRUEYOU.COM INC.

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
Name:

	
 

	
Title:

5

EXHIBIT A

RELEASE NOTICE

	
 

	
 

	
To:

	
North Fork Bank

  404 Fifth Ave., Suite 1

  New York, NY 10018

	
 

	
 

	
Re:

	
Account Name: Restricted – True You

Account Number: 2704050470

          Reference
is made to that certain Restricted Account Agreement, dated as of May 4, 2007
(the “Restricted Account Agreement”), among North Fork Bank (the “Bank”), TrueYou.com Inc. (the
“Company”),
and Laurus Master Fund, Ltd. (“Laurus”).

          This
is to notify you that Laurus authorizes the release of $_____________ (the
“Release Amount”) from the account referenced above in accordance with the
terms of the Restricted Account Agreement. Within one business day following
the receipt of this Release Notice, the Bank hereby agrees to wire the Release
Amount (or, in the event that the amount in the Restricted Account is less than
the Release Amount, such lesser amount) to the following account in accordance
with the wire instructions set forth below:

[Insert Wire Instructions]

	
 

	
 

	
 

	
 

	
LAURUS
  MASTER FUND, LTD.

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	

	
 

	
Name:

	
 

	
Title:

	
 

	
 

	
 

	
Agreed and
  accepted this __ day of ___________ 2007.

	
 

	
 

	
 

	
 

	
NORTH FORK
  BANK

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	

	
 

	
Name:

	
 

	
Title:

	
 

6

EXHIBIT
B

Restricted Account

	
 

	
 

	
 

	
•

	
Bank:

	
North Fork
  Bank

	
 

	
 

	
 

	
•

	
Bank Routing
  Number:

	
 021407912 

	
 

	
Attn:

	
[Avril
  Conway]

	
 

	
Phone:

	
212-967-9400

	
 

	
 

	
 

	
 

	
Account
  Name:

	
 

	
 

	
 

	

	
 

	
Account #:

	
 

	
 

	
 

	

	
 

	
 

	
 

7Exhibit 10.8 

TrueYou.Com Inc.

501 Merritt 7, 5thFloor

Norwalk; Connecticut 06851

	
 

	
 

	
 

	
May 4, 2007

Laurus Master
Fund Ltd.

c/o M&C Corporate Services Limited

P.O. Box 309 GT

Ugland House 

George Town

South Church Street

Grand Cayman, Cayman Islands

Gentlemen:

          Reference
is made to that certain Amended and Restated Securities Purchase Agreement by
and between Laurus Master Fund Ltd. (“Laurus”) and TrueYou.com Inc.
(“TrueYou”), dated as of the date hereof (the “SPA”) and the Related Agreements
(as such term is defined in the SPA). Concurrently therewith, we are issuing
warrants (the “Warrants”) to purchase the Common Stock of TrueYou. Terms not
otherwise defined herein shall have the meanings ascribed thereto in the SPA.

          No
later than June 30, 2007, TrueYou shall cause its Certificate of Incorporation
to be amended to increase the number of authorized shares of TrueYou Common
Stock to such number as shall be sufficient to permit the exercise in full of
the Warrants (such amount, the “Share Amount”) and shall thereupon reserve for
issuance upon exercise of the Warrants, that number of authorized shares of
TrueYou Common Stock which shall be required for such purpose. Notwithstanding
the foregoing, in the event that TrueYou has responded to all comments by the
Securities and Exchange Commission as contemplated by the SPA, and the
Certificate of Incorporation has not been amended to so increase the authorized
share amount by June 30, 2007, Laurus shall agree to extend such date to
December 31, 2007. In the event that Laurus shall notify TrueYou at any time
prior to the effective date of such amendment that it desires to exercise the
Warrants prior to such effective date, TrueYou shall thereupon promptly issue
to Laurus, in exchange for the Warrants, substitute warrants exercisable to
purchase that number of shares of its Series E Convertible Preferred Stock that
are, upon authorization of the Share Amount, immediately convertible into the
number of shares of TrueYou Common Stock that would then have been issuable
upon exercise of the Warrants in full if the Certificate of Incorporation of
TrueYou had then provided for sufficient authorized shares of TrueYou Common
Stock to satisfy such exercise, and otherwise containing substantially the same
terms and provisions as the Warrants.

          Please
confirm our agreements below.

	
 

	
 

	
 

	
 

	
 

	
 

	
Very truly
  yours,

	
 

	
 

	
 

	
 

	
 

	
TrueYou.Com
  Inc.

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
Laurus
  Master Fund Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
By:

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