Document:

CHANGE OF CONTROL AGREEMENT

         This Change of Control Agreement (the "Agreement") is entered into this
31st day of May , 2004 (the "Effective  Date") by and between  CytoDyn,  Inc., a
Colorado corporation (the "Company") with its principal place of business at 200
W. DeVargas  Street,  Suite 1, Santa Fe, New Mexico 87501, and Allen D. Allen an
individual  residing at 4236  Longridge  Ave,  Suite 302,  Studio City, CA 91604
("Executive").

         1.       Definitions.

                  (a)      "Affiliate" means any corporation, partnership, trust
         or other  entity  of which the  Company  and/or  any of its  Affiliates
         directly or indirectly owns a majority of the outstanding shares of any
         class of equity  security of such  corporation,  partnership,  trust or
         other entity and any  corporation,  partnership,  trust or other entity
         which directly or indirectly owns a majority of the outstanding  shares
         of  any  class  of  equity  security  of  the  Company  or  any  of its
         Affiliates.

                  (b)      "Cause" means:

                           (i)      If Executive materially violates any term of
                  his  employment or any Company  policies and such violation is
                  not  substantially  remedied  within 30 days of written notice
                  from the Company to Executive;

                           (ii)     Willful  misfeasance,  gross  negligence  or
                  nonfeasance of duty by Executive that is reasonably  likely to
                  be  detrimental or damaging or that has the effect of injuring
                  or damaging the reputation, business or business relationships
                  of the  Company  or any of its  subsidiaries  or any of  their
                  respective officers, directors or employees;

                           (iii)    Any  arrest,   indictment  (defined  as  any
                  proceeding in which "probable cause" is found), conviction (or
                  the civil equivalent) of Executive or a plea of guilty or nolo
                  contendere  by  Executive  to a charge  based on a federal  or
                  state felony or serious criminal or civil offense (even if the
                  crime  is   classified   under   the   applicable   law  as  a
                  "misdemeanor"),  including,  but not  limited to (1) crimes or
                  civil   offenses   involving   theft,   embezzlement,   fraud,
                  dishonesty or moral  turpitude;  (2) crimes or civil  offenses
                  based  on   banking  or   securities   laws   (including   the
                  Sarbanes-Oxley Act of 2002); and (3) civil enforcement actions
                  brought by federal or state regulatory agencies (including the
                  Securities and Exchange Commission).

                           (iv)     Willful or prolonged and unapproved  absence
                  from work by the  Executive or failure,  neglect or refusal by
                  the  Executive to perform his duties and  responsibilities  as
                  determined  by the  board of  directors  of the  Company  (the
                  "Board") in its sole discretion.

                                       1
<PAGE>

                  (c)      "Change of Control"  means the  occurrence  of one or
         more of the following:

                           (i)      Any person (as defined in  Sections  3(a)(9)
                  and  13(d)(3)  of the  Securities  Exchange  Act of  1934,  as
                  amended)  other than an existing  stockholder  or an Affiliate
                  that directly or  indirectly  becomes the owner of 50% or more
                  of the Voting Stock;

                           (ii)     A complete liquidation or dissolution of the
                  Company  other than a  liquidation  or  dissolution  occurring
                  after  any  of  the  following  transactions:  the  merger  or
                  consolidation  of the Company with an Affiliate,  the transfer
                  of 50% or  more  of the  Voting  Stock  of the  Company  to an
                  Affiliate or Affiliates  or the sale or other  transfer of all
                  or  substantially  all of the  assets  of  the  Company  to an
                  Affiliate or Affiliates;

                           (iii)    The sale of all or substantially  all of the
                  Company's  assets to a single purchaser or group of affiliated
                  purchasers,  other than any Affiliate or Affiliates, in one or
                  a series of related transactions; or

                           (iv)     The   Company   engages   in  a  merger   or
                  consolidation  with another entity other than an Affiliate and
                  immediately after that merger or consolidation, the persons or
                  entities  that were  stockholders  of the Company  immediately
                  prior  to that  merger  or  consolidation  hold,  directly  or
                  indirectly, less than 50% of the Voting Stock of the surviving
                  entity.

                  (d)      "Good  Reason"  means  any  action on the part of the
         Company not  consented to by Executive in writing  (which  action shall
         not have  been  cured  within 30 days  following  written  notice  from
         Executive to the Board  specifying that such action will give rise to a
         termination of Executive's employment hereunder for Good Reason) having
         the  following  effect  or  effects:   (i)  a  material  diminution  of
         Executive's  job  duties,  responsibilities  or  requirements  that  is
         detrimentally  inconsistent  with  Executive's  then current  title and
         Executive's  prior duties,  responsibilities  or  requirements;  (ii) a
         reduction in Executive's salary then in effect,  other than a reduction
         comparable to  reductions  generally  applicable to similarly  situated
         employees of the Company;  (iii) the permanent  relocation of Executive
         to a facility or location more than 50 miles from the Company's current
         location; or (iv) a significant change in the reporting relationship or
         title from that existing immediately prior to the Change of Control.

                  (e)      "Voting Stock" means,  with respect to a corporation,
         the capital  stock of any class or classes of that  corporation  having
         general  voting power under ordinary  circumstances,  in the absence of
         contingencies, to elect directors of such corporation and, with respect
         to any other entity,  the securities of that entity having such general
         voting power to elect the members of the managing body of that entity.

         2.       Term.  This  Agreement  shall be for a term  beginning  on the
Effective Date and terminating on the date on which Executive's  employment with
the Company terminates or is terminated.

                                       2
<PAGE>

         3.       Termination after Change of Control. If the Company terminates
Executive's employment without Cause, or Executive terminates his employment for
Good Reason,  in either case within six months  after a Change of Control,  then
(i) the Company  shall pay to Executive  in either a lump-sum or through  salary
continuation,  at the Company's sole discretion,  the amount of Executive's then
current base salary pursuant to Section 2(a) of the Personal Services  Agreement
between  Executive  and the  Company  for the  balance of the term  pursuant  to
section 1(c) of the Personal  Services  Agreement  and for a period of 12 months
after the term of section  1(c) of the  Personal  Services  Agreement,  (ii) the
Company and the Board shall cause all of  Executive's  unvested stock options to
immediately vest effective as of the date Executive's employment terminates, and
Executive  shall have four months to  exercise  the  options  vested  under this
Section 3, (iii) if Executive  elects  continued  coverage  under the  Company's
health plan pursuant to the Comprehensive  Omnibus Budget  Reconciliation Act of
1985, as amended,  then the Company shall continue to pay the Company's  portion
of the premium for  Executive's  continued  coverage under the Company's  health
plan  until the first to occur of (A) the date that is 12 months  after the date
of  termination  and (B) the date upon which  Executive  is  employed by a third
party and is eligible for coverage by such third party's  health  insurance plan
and (iv) if  Executive  elects  continued  coverage  under  the  Company's  life
insurance plan, then the Company shall continue to pay the Company's  portion of
the  premium  for  Executive's  continued  coverage  under  the  Company's  life
insurance plan, or if continued coverage under the Company's life insurance plan
is not available  pursuant to the terms of such plan, then the Company shall pay
to Executive  the amount of the premium  that would  otherwise be payable by the
Company if Executive's  employment were not terminated until the date that is 12
months  after  the  date of  termination.  Thereafter,  Executive  shall  not be
entitled  to  receive,  and the  Company  shall  have no  obligation  to provide
Executive with any additional salary, payments or benefits of any kind.

         4.       Entire Agreement.  The terms of this Agreement are intended by
the parties to be the final and  exclusive  expression of their  agreement  with
respect to the  relationship  between  Executive  and the Company and may not be
contradicted  by  evidence  of  any  prior  or  contemporaneous   statements  or
agreements.  The parties further intend that this Agreement shall constitute the
complete and  exclusive  statement  of its terms and that no extrinsic  evidence
whatsoever  may be introduced in any  judicial,  administrative,  or other legal
proceeding involving this Agreement.

         5.       Amendments,  Waivers.  This  Agreement  may  not be  modified,
amended,  or terminated except by an instrument in writing,  signed by Executive
and by a duly authorized  representative of the Company other than Executive. No
failure to exercise and no delay in exercising any right, remedy, or power under
this  Agreement  shall  operate  as a waiver  thereof,  nor shall any  single or
partial exercise of any right,  remedy,  or power under this Agreement  preclude
any other or further  exercise  thereof,  or the  exercise  of any other  right,
remedy, or power provided herein or by law or in equity.

         6.       Assignment;  Successors  and  Assigns.  Executive  agrees that
Executive will not assign,  sell,  transfer,  delegate or otherwise  dispose of,
whether  voluntarily  or  involuntarily,  or by  operation of law, any rights or
obligations  under this Agreement,  nor shall  Executive's  rights be subject to
encumbrance or the claims of creditors.  Any purported assignment,  transfer, or
delegation  shall be null and void.  Subject to the  foregoing,  this  Agreement
shall be binding upon  Executive  and the Company and shall inure to the benefit
of the parties and their respective heirs,  legal  representatives,  successors,
and  permitted  assigns,  and shall not benefit any person or entity  other than
those enumerated above.

                                       3
<PAGE>

         7.       Severability; Enforcement. If any provision of this Agreement,
or the application thereof to any person, place, or circumstance,  shall be held
by a court or arbitrator of competent jurisdiction to be invalid, unenforceable,
or void, the remainder of this Agreement and such provisions as applied to other
persons, places, and circumstances shall remain in full force and effect.

         8.       Governing Law. The validity,  interpretation,  enforceability,
and  performance  of this  Agreement  shall  be  governed  by and  construed  in
accordance with the laws of the State of New Mexico, without regard to choice of
law rules.  All disputes  arising under this Agreement shall be submitted to and
heard by a state or federal court located in the State of New Mexico and each of
the  Company  and  Executive  hereby  irrevocably   consents  to  the  exclusive
jurisdiction and exclusive venue of such courts.

         9.       Executive  Acknowledgment.  The parties  acknowledge  (a) that
they have consulted with or have had the opportunity to consult with independent
counsel of their own choice  concerning this  Agreement,  and (b) that they have
read and understand the Agreement, are fully aware of its legal effect, and have
entered   into  it  freely   based  on  their  own   judgment  and  not  on  any
representations or promises other than those contained in this Agreement.

         10.      Counterparts.  This  Agreement  may be executed in two or more
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together  shall  constitute  one and the  same  instrument.  Signatures  to this
Agreement may be transmitted via facsimile and such  signatures  shall be deemed
to be originals.

                                       4
<PAGE>

         IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
the date first written above.

Company                                         Executive
CytoDyn, Inc.

______________________________                  ______________________________
Name:  Wellington A. Ewen                       Allen D. Allen
Title: Chief Financial Officer

                                       5CHANGE OF CONTROL AGREEMENT

         This Change of Control Agreement (the "Agreement") is entered into this
31st day of May 2004 (the  "Effective  Date") by and between  CytoDyn,  Inc.,  a
Colorado corporation (the "Company") with its principal place of business at 200
W. DeVargas Street, Suite 1, Santa Fe, New Mexico 87501, and Corinne E. Allen an
individual residing at 24 W. Sunlit Drive, Santa Fe, NM 87507 ("Executive").

         1.       Definitions.

                  (a)      "Affiliate" means any corporation, partnership, trust
         or other  entity  of which the  Company  and/or  any of its  Affiliates
         directly or indirectly owns a majority of the outstanding shares of any
         class of equity  security of such  corporation,  partnership,  trust or
         other entity and any  corporation,  partnership,  trust or other entity
         which directly or indirectly owns a majority of the outstanding  shares
         of  any  class  of  equity  security  of  the  Company  or  any  of its
         Affiliates.

                  (b)      "Cause" means:

                           (i)      If Executive materially violates any term of
                  her  employment or any Company  policies and such violation is
                  not  substantially  remedied  within 30 days of written notice
                  from the Company to Executive;

                           (ii)     Willful  misfeasance,  gross  negligence  or
                  nonfeasance of duty by Executive that is reasonably  likely to
                  be  detrimental or damaging or that has the effect of injuring
                  or damaging the reputation, business or business relationships
                  of the  Company  or any of its  subsidiaries  or any of  their
                  respective officers, directors or employees;

                           (iii)    Any  arrest,   indictment  (defined  as  any
                  proceeding in which "probable cause" is found), conviction (or
                  the civil equivalent) of Executive or a plea of guilty or nolo
                  contendere  by  Executive  to a charge  based on a federal  or
                  state felony or serious criminal or civil offense (even if the
                  crime  is   classified   under   the   applicable   law  as  a
                  "misdemeanor"),  including,  but not  limited to (1) crimes or
                  civil   offenses   involving   theft,   embezzlement,   fraud,
                  dishonesty or moral  turpitude;  (2) crimes or civil  offenses
                  based  on   banking  or   securities   laws   (including   the
                  Sarbanes-Oxley Act of 2002); and (3) civil enforcement actions
                  brought by federal or state regulatory agencies (including the
                  Securities and Exchange Commission).

                           (iv)     Willful or prolonged and unapproved  absence
                  from work by the  Executive or failure,  neglect or refusal by
                  the  Executive to perform her duties and  responsibilities  as
                  determined  by the  board of  directors  of the  Company  (the
                  "Board") in its sole discretion.

                                       1
<PAGE>

                  (c)      "Change of Control"  means the  occurrence  of one or
         more of the following:

                           (i)      Any person (as defined in  Sections  3(a)(9)
                  and  13(d)(3)  of the  Securities  Exchange  Act of  1934,  as
                  amended)  other than an existing  stockholder  or an Affiliate
                  that directly or  indirectly  becomes the owner of 50% or more
                  of the Voting Stock;

                           (ii)     A complete liquidation or dissolution of the
                  Company  other than a  liquidation  or  dissolution  occurring
                  after  any  of  the  following  transactions:  the  merger  or
                  consolidation  of the Company with an Affiliate,  the transfer
                  of 50% or  more  of the  Voting  Stock  of the  Company  to an
                  Affiliate or Affiliates  or the sale or other  transfer of all
                  or  substantially  all of the  assets  of  the  Company  to an
                  Affiliate or Affiliates;

                           (iii)    The sale of all or substantially  all of the
                  Company's  assets to a single purchaser or group of affiliated
                  purchasers,  other than any Affiliate or Affiliates, in one or
                  a series of related transactions; or

                           (iv)     The   Company   engages   in  a  merger   or
                  consolidation  with another entity other than an Affiliate and
                  immediately after that merger or consolidation, the persons or
                  entities  that were  stockholders  of the Company  immediately
                  prior  to that  merger  or  consolidation  hold,  directly  or
                  indirectly, less than 50% of the Voting Stock of the surviving
                  entity.

                  (d)      "Good  Reason"  means  any  action on the part of the
         Company not  consented to by Executive in writing  (which  action shall
         not have  been  cured  within 30 days  following  written  notice  from
         Executive to the Board  specifying that such action will give rise to a
         termination of Executive's employment hereunder for Good Reason) having
         the  following  effect  or  effects:   (i)  a  material  diminution  of
         Executive's  job  duties,  responsibilities  or  requirements  that  is
         detrimentally  inconsistent  with  Executive's  then current  title and
         Executive's  prior duties,  responsibilities  or  requirements;  (ii) a
         reduction in Executive's salary then in effect,  other than a reduction
         comparable to  reductions  generally  applicable to similarly  situated
         employees of the Company;  (iii) the permanent  relocation of Executive
         to a facility or location more than 50 miles from the Company's current
         location; or (iv) a significant change in the reporting relationship or
         title from that existing immediately prior to the Change of Control.

                  (e)      "Voting Stock" means,  with respect to a corporation,
         the capital  stock of any class or classes of that  corporation  having
         general  voting power under ordinary  circumstances,  in the absence of
         contingencies, to elect directors of such corporation and, with respect
         to any other entity,  the securities of that entity having such general
         voting power to elect the members of the managing body of that entity.

         2.       Term.  This  Agreement  shall be for a term  beginning  on the
Effective Date and terminating on the date on which Executive's  employment with
the Company terminates or is terminated.

                                       2
<PAGE>

         3.       Termination after Change of Control. If the Company terminates
Executive's employment without Cause, or Executive terminates her employment for
Good Reason,  in either case within six months  after a Change of Control,  then
(i) the Company  shall pay to Executive  in either a lump-sum or through  salary
continuation,  at the Company's sole discretion,  the amount of Executive's then
current base salary pursuant to section 2(a) of the Personal Services  Agreement
between the  Executive  and the Company for the balance of the term  pursuant to
section 1(c) of the Personal  Services  Agreement  and for a period of 12 months
after the term pursuant to section 1(c) of the Personal Services Agrement,  (ii)
the Company and the Board shall cause all of Executive's  unvested stock options
to immediately vest effective as of the date Executive's  employment terminates,
and Executive  shall have four months to exercise the options  vested under this
Section 3, (iii) if Executive  elects  continued  coverage  under the  Company's
health plan pursuant to the Comprehensive  Omnibus Budget  Reconciliation Act of
1985, as amended,  then the Company shall continue to pay the Company's  portion
of the premium for  Executive's  continued  coverage under the Company's  health
plan  until the first to occur of (A) the date that is 12 months  after the date
of  termination  and (B) the date upon which  Executive  is  employed by a third
party and is eligible for coverage by such third party's  health  insurance plan
and (iv) if  Executive  elects  continued  coverage  under  the  Company's  life
insurance plan, then the Company shall continue to pay the Company's  portion of
the  premium  for  Executive's  continued  coverage  under  the  Company's  life
insurance plan, or if continued coverage under the Company's life insurance plan
is not available  pursuant to the terms of such plan, then the Company shall pay
to Executive  the amount of the premium  that would  otherwise be payable by the
Company if Executive's  employment were not terminated until the date that is 12
months  after  the  date of  termination.  Thereafter,  Executive  shall  not be
entitled  to  receive,  and the  Company  shall  have no  obligation  to provide
Executive with any additional salary, payments or benefits of any kind.

         4.       Entire Agreement.  The terms of this Agreement are intended by
the parties to be the final and  exclusive  expression of their  agreement  with
respect to the  relationship  between  Executive  and the Company and may not be
contradicted  by  evidence  of  any  prior  or  contemporaneous   statements  or
agreements.  The parties further intend that this Agreement shall constitute the
complete and  exclusive  statement  of its terms and that no extrinsic  evidence
whatsoever  may be introduced in any  judicial,  administrative,  or other legal
proceeding involving this Agreement.

         5.       Amendments,  Waivers.  This  Agreement  may  not be  modified,
amended,  or terminated except by an instrument in writing,  signed by Executive
and by a duly authorized  representative of the Company other than Executive. No
failure to exercise and no delay in exercising any right, remedy, or power under
this  Agreement  shall  operate  as a waiver  thereof,  nor shall any  single or
partial exercise of any right,  remedy,  or power under this Agreement  preclude
any other or further  exercise  thereof,  or the  exercise  of any other  right,
remedy, or power provided herein or by law or in equity.

         6.       Assignment;  Successors  and  Assigns.  Executive  agrees that
Executive will not assign,  sell,  transfer,  delegate or otherwise  dispose of,
whether  voluntarily  or  involuntarily,  or by  operation of law, any rights or
obligations  under this Agreement,  nor shall  Executive's  rights be subject to
encumbrance or the claims of creditors.  Any purported assignment,  transfer, or
delegation  shall be null and void.  Subject to the  foregoing,  this  Agreement
shall be binding upon  Executive  and the Company and shall inure to the benefit

                                       3
<PAGE>

of the parties and their respective heirs,  legal  representatives,  successors,
and  permitted  assigns,  and shall not benefit any person or entity  other than
those enumerated above.

         7.       Severability; Enforcement. If any provision of this Agreement,
or the application thereof to any person, place, or circumstance,  shall be held
by a court or arbitrator of competent jurisdiction to be invalid, unenforceable,
or void, the remainder of this Agreement and such provisions as applied to other
persons, places, and circumstances shall remain in full force and effect.

         8.       Governing Law. The validity,  interpretation,  enforceability,
and  performance  of this  Agreement  shall  be  governed  by and  construed  in
accordance with the laws of the State of New Mexico, without regard to choice of
law rules.  All disputes  arising under this Agreement shall be submitted to and
heard by a state or federal court located in the State of New Mexico and each of
the  Company  and  Executive  hereby  irrevocably   consents  to  the  exclusive
jurisdiction and exclusive venue of such courts.

         9.       Executive  Acknowledgment.  The parties  acknowledge  (a) that
they have consulted with or have had the opportunity to consult with independent
counsel of their own choice  concerning this  Agreement,  and (b) that they have
read and understand the Agreement, are fully aware of its legal effect, and have
entered   into  it  freely   based  on  their  own   judgment  and  not  on  any
representations or promises other than those contained in this Agreement.

         10.      Counterparts.  This  Agreement  may be executed in two or more
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together  shall  constitute  one and the  same  instrument.  Signatures  to this
Agreement may be transmitted via facsimile and such  signatures  shall be deemed
to be originals.

                                       4
<PAGE>

         IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
the date first written above.

Company                                     Executive

------------------------------------        -----------------------------------
Name:  Wellington A. Ewen                   Corinne E. Allen
       ------------------
Title: Chief Financial Officer
      ------------------------

                                       5

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