Document:

Exhibit 10.16

                                   INYX, INC.
                              a Nevada Corporation

                             STOCK PURCHASE WARRANT
                   To Purchase 150,000 Shares of Common Stock
                           Par Value $0.001 per share

                                  June 26, 2003

THIS WARRANT AND THE SHARES OF COMMON STOCK  ISSUABLE UPON EXERCISE  HEREOF HAVE
BEEN ACQUIRED FOR INVESTMENT,  HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933,  AS AMENDED,  AND MAY NOT BE SOLD,  TRANSFERRED  OR ASSIGNED  UNLESS AN
OPINION OF COUNSEL  SATISFACTORY  TO THE COMPANY SHALL HAVE BEEN RECEIVED BY THE
COMPANY TO THE EFFECT  THAT SUCH SALE,  TRANSFER  OR  ASSIGNMENT  WILL NOT BE IN
VIOLATION  OF THE  SECURITIES  ACT OF  1933,  AS  AMENDED,  AND  THE  RULES  AND
REGULATIONS THEREUNDER, OR APPLICABLE STATE SECURITIES LAWS.

     1. Basic Terms. This certifies that, for value received, Gary Geraci of 197
St.  Botolph  Street Apt. #5,  Boston,  Massachusetts,  USA.  (the  "Holder") is
entitled,  subject  to the  terms  and  conditions  of this  Warrant,  until the
expiration  date, to purchase a maximum of 150,000 whole shares of Common Stock,
par value  $0.001  per share  (the  "Common  Stock"),  of Inyx,  Inc.,  a Nevada
corporation  (the  "Company")  from the Company at the following  denominations:
32,500 shares  exercisable @ $1.10,  32,500 shares  exercisable @ $1.60,  32,500
shares exercisable @ $2.10, 32,500 shares exercisable @ $2.60, and 20,000 shares
exercisable @ $3.10 (the "Purchase  Price"),  on delivery of this Warrant to the
Company with Form of Election to Purchase in the form of Exhibit A duly executed
and payment of the Purchase  Price (in cash,  by cashier's  check payable to the
order of the Company,  or in shares of the Company's  Common Stock at their then
Stock Price as defined  below) for each share  purchased.  This Warrant shall be
exercisable  at any time,  in whole or in part,  from the date hereof until 5:00
p.m. Miami Time on September 26, 2006.

     2.  Company's  Covenants  as to Common  Stock.  Shares  deliverable  on the
exercise of this Warrant shall, at delivery,  be fully paid and  non-assessable,
and free from  taxes,  liens and charges  with  respect to their  purchase.  The
Company shall take any necessary steps to assure that the par value per share of
the Common Stock is at all times equal to or less than the then current Purchase
Price per share of the Common  Stock  issuable  pursuant  to this  Warrant.  The
Company  shall at all times  reserve  and hold  available  sufficient  shares of
Common  Stock to satisfy  all  conversion  and  purchase  rights of  outstanding
convertible securities, options and warrants.

     3. Method of Exercise;  Fractional  Shares. The purchase rights represented
by this Warrant are exercisable at the option of the Holder in whole or in part,
from time to time, within the period above specified;  provided,  however,  that
purchase  rights are not  exercisable  with  respect to a fraction of a share of
Common Stock.  In lieu of issuing a fraction of a share remaining after exercise

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of this Warrant as to all full shares covered  hereby,  the Company shall either
(1) pay therefor  cash equal to the same  fraction of the then  current  Warrant
purchase price per share or, at its option, (2) issue scrip for the fraction, in
registered  or bearer form  approved by the Board of  Directors  of the Company,
which  shall  entitle  the Holder to receive a  certificate  for a full share of
Common Stock on surrender of scrip  aggregating  a full share.  Scrip may become
void  after a  reasonable  period  (but  not  less  than six  months  after  the
expiration  date of this  Warrant)  determined  by the  Board of  Directors  and
specified  in the scrip.  In case of the  exercise of this Warrant for less than
all the shares purchasable, the Company shall cancel the Warrant and execute and
deliver a new  Warrant  of like  tenor and date for the  balance  of the  shares
purchasable.  Upon the date of receipt  by the  Company  of an  exercise  of the
Warrant ("Exercise Date"), the Warrant shall be deemed to have been exercised as
to the number of shares so purchased,  and the person so exercising  the Warrant
shall become a holder of record of shares of Common Stock on the Exercise Date.

     4.  Adjustments of Shares and Purchase Price.  The initial number of shares
of Common Stock purchasable upon exercise of this Warrant and the Purchase Price
shall be  subject  to  adjustment  from time to time  after  the date  hereof as
follows:

          A.  Recapitalization  or Reclassification of Common Stock. In case the
     Company  shall at any time prior to the  exercise  or  termination  of this
     Warrant effect a  recapitalization  or  reclassification  of such character
     that its Common  Stock shall be changed into or become  exchangeable  for a
     larger or smaller number of shares,  then, upon the effective date thereof,
     the number of shares of Common Stock that the Holder of this Warrant  shall
     be  entitled  to  purchase  upon  exercise  hereof  shall be  increased  or
     decreased,  as the case may be, in direct  proportion  to the  increase  or
     decrease  in such  number  of  shares  of  Common  Stock by  reason of such
     recapitalization  or  reclassification,  and  the  Purchase  Price  of such
     recapitalized  or  reclassified  Common  Stock  shall,  in the  case  of an
     increase in the number of shares, be proportionately  decreased and, in the
     case of a decrease in the number of shares, be proportionately increased.

          B.  Consolidation,  Merger or Sale.  In case the Company  shall at any
     time  prior to the  exercise  of this  Warrant,  or the  expiration  of the
     Exercise  Period,  whichever  first occurs,  consolidate  or merge with any
     other  corporation  (unless the Company shall be the  surviving  entity) or
     transfer all or  substantially  all of its assets to any other  corporation
     preparatory  to a  dissolution,  then the  Company  shall,  as a  condition
     precedent to such transaction, cause effective provision to be made so that
     the Holder of this Warrant,  upon the exercise  thereof after the effective
     date of such transaction,  shall be entitled to receive the kind and amount
     of shares,  evidences of indebtedness,  and/or other property receivable on
     such  transaction by a holder of the number of shares of Common Stock as to
     which the Warrant was  exercisable  immediately  prior to such  transaction
     (without giving effect to any restriction upon such exercise);  and, in any
     such case,  appropriate  provision shall be made with respect to the rights
     and  interests of the Holder  hereof to the effect that the  provisions  of
     this  Warrant  shall   thereafter  be  applicable  (as  nearly  as  may  be
     practicable)  with  respect to any shares,  evidences of  indebtedness,  or
     other  securities or assets  thereafter  deliverable  upon exercise of this
     Warrant.

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          C. Notice of Adjustment. Whenever the number of shares of Common Stock
     purchasable  upon  exercise of this  Warrant  shall be adjusted as provided
     herein,  the Company shall file with its corporate records a certificate of
     its Chief Financial  Officer setting forth the computation and the adjusted
     number of shares of Common Stock purchasable  hereunder resulting from such
     adjustments,  and a copy of such certificate shall be mailed to the Holder.
     Any such  certificate  or letter  shall be  conclusive  evidence  as to the
     correctness of the adjustment or adjustments  referred to therein and shall
     be  available  for  inspection  by the  holders of the  Warrants on any day
     during normal business hours.

     5.  Limited  Rights of Holder.  This Warrant does not entitle the Holder to
any voting  rights or other rights as a  shareholder  of the Company,  or to any
other rights  whatsoever  except the rights herein  expressed.  No dividends are
payable  or will  accrue on this  Warrant or the  shares  purchasable  hereunder
until, and except to the extent that, this Warrant is exercised.

     6. Exchange for Other Denominations.  This Warrant is exchangeable,  on its
surrender by the registered owner to the Company, for new Warrants of like tenor
and date  representing  in the  aggregate  the right to  purchase  the number of
shares purchasable hereunder in denominations designated by the registered owner
at the time of surrender.

     7. Transfer. Holder acknowledges that this Warrant and the shares of Common
Stock or other  securities into which this Warrant is exercisable  have not been
registered  under the Securities Act of 1933, or any state  securities laws, but
have been and will be issued  pursuant  to  exemptions  therefrom.  Accordingly,
Holder  acknowledges and agrees that this Warrant and the securities acquired by
it upon exercise  hereof may be transferred or assigned to another party only in
accordance with a valid registration statement or an exemption from registration
under the Securities Act and any applicable state securities laws.

         Subject to applicable securities laws, this Warrant and all rights
hereunder are transferable by the Holder hereof in person or by duly authorized
attorney on the books of the Company upon surrender of this Warrant at the
principal offices of the Company, together with the Form of Assignment attached
hereto as Exhibit B duly executed. Absent any such transfer, the Company may
deem and treat the registered Holder of this Warrant at any time as the absolute
owner hereof for all purposes and shall not be affected by any notice to the
contrary.

     8.  Recognition  of  Registered   Owner.   Prior  to  due  presentment  for
registration  of transfer of this Warrant,  the Company may treat the registered
owner as the person  exclusively  entitled to receive  notices and  otherwise to
exercise rights hereunder.

     9.  Notice  and  Effect of  Dissolution,  etc.  In case of a  voluntary  or
involuntary dissolution,  liquidation,  or winding up of the Company (other than
in connection with the consolidation or merger covered by Section 5 above) is at
any time  proposed,  the  Company  shall give at least  thirty  (30) days' prior
written notice to the Holder.  Such notice shall contain:  (1) the date on which
the  transaction is to take place;  (2) the record date (which shall be at least
thirty (30) days after the giving of the  notice) as of which  holders of Common
Shares will be entitled to receive distributions as a result of the transaction;

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(3) a brief  description of the transaction;  (4) a brief description to be made
to the  holders  of Common  Shares as a result  of the  transaction;  and (5) an
estimate of the fair value of the distributions. On the date of the transaction,
it if actually occurs, this Warrant and all rights hereunder shall terminate.

     10. Method of Giving  Notice;  Extent  Required.  Notices shall be given by
first class mail, postage prepaid, addressed to the Holder at the address of the
owner appearing in the records of the Company or to the Company at its principal
office,  or at such other addresses as to which either the Holder or the Company
gives the other written notice as provided herein.

     11. Entire  Agreement.  This Warrant,  including the exhibits and documents
referred to herein which are a part hereof,  contain the entire understanding of
the parties hereto with respect to the subject matter and may be amended only by
a written  instrument  executed by the  parties  hereto or their  successors  or
assigns.  Any paragraph  headings  contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning of  interpretation  of
this Warrant.

     12.  Governing  Law.  This  Warrant is governed by,  interpreted  under and
construed in all respects in accordance with the  substantive  laws of the State
of  Nevada  without  regard  to the  conflicts  of law  provision  thereof,  and
irrespective  of the place of domicile or resident of the party. In the event of
a controversy  arising out of the interpretation,  construction,  performance or
breach of this Warrant, the parties hereby agree and consent to the jurisdiction
and venue of the Courts of the State of Nevada,  or the United  States  District
Court for the  District  of  Nevada,  and  further  agree and  consent  that all
personal service of process in any such action or preceding outside the State of
Nevada shall be tantamount to service in person in Nevada.

                            [Signature Page Follows]

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     Witness  the  seal of the  Company  and the  signatures  of its  authorized
officers.

                                   INYX, INC.

                                                 By:      /s/ Jack Kachkar
                                                          ----------------------
                                                          Jack Kachkar, Chairman

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<PAGE>

                                    EXHIBIT A

                          FORM OF ELECTION TO PURCHASE

     (To be Executed by the Holder if He Desires to Exercise Warrants  Evidenced
by the Within Warrant Certificate)

     To INYX, INC.:

     The undersigned hereby irrevocably elects to exercise Warrants evidenced by
the   within   Warrant   Certificate   for,   and   to   purchase    thereunder,
________________________  full Shares of Inyx, Inc.,  Common Stock issuable upon
exercise of said  Warrants and delivery of the $1.10,  $1.60.  $2.10,  $2.60 and
$3.10 for each share purchased respectively in accordance to the table below:

          32,500 shares exercisable @ $1.10 for each share purchased,

          32,500 shares exercisable @ $1.60 for each share purchased ,

          32,500 shares exercisable @ $2.10 for each share purchased ,

          32,500 shares exercisable @ $2.60 for each share purchased , and

          20,000 shares exercisable @ $3.10.

                                          (name of holder)

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

          TAXPAYER IDENTIFICATION NUMBER:
                                            ------------------------------------

     If said number of Warrants  shall not be all the Warrants  evidenced by the
within  Warrant  Certificate,  the  undersigned  requests  that  a  new  Warrant
Certificate  evidencing  the  Warrants not so exercised be issued in the name of
and delivered to

_________________________________________________
         (Please Print Name and Address)

_________________________________________________

_________________________________________________

         Dated:________________, 20__

         Signature:______________________________

<PAGE>

                                    EXHIBIT B

                               FORM OF ASSIGNMENT

     (To be executed by the registered  holder if he desires to assign  warrants
evidenced by the within warrant  certificate.  Any such assignment is subject to
certain restrictions contained in the Warrant Certificate.)

     FOR VALUE RECEIVED  _________________________________________ hereby sells,
assigns  and  transfers  unto  ________________________   Warrants  to  purchase
_________  shares of Common Stock,  par value $0.001 per share,  of Inyx,  Inc.,
evidenced  by the  within  Warrant  Certificate,  and  does  hereby  irrevocably
constitute  and appoint the Secretary of Inyx,  Inc. as its attorney to transfer
the said Warrants  evidenced by the within  Warrant  Certificate on the books of
the Company, with full power of substitution.

         Dated: ____________________, 20__.

                                           _____________________________________Exhibit 10.17

                     BUSINESS CONSULTING SERVICES AGREEMENT

This  Consulting  Services  Agreement  (the  "Agreement"),  is entered  into and
effective  as of the  1st  day of  July,  2003  by and  between  Marc  Couturier
(hereinafter referred to as, "Consultant"),  and Inyx Canada, Inc., (hereinafter
referred to as,  "Client")  (collectively  referred to herein as the "Parties").
Inyx  Canada,  Inc.  is a  subsidiary  of a US  corporation  (Inyx,  Inc. or the
"Company").

Preliminary  Statement:  The Client desires to be assured of the association and
services  of the  Consultant  in  order  to  avail  itself  of the  Consultant's
experience, skills, abilities, knowledge, and background to facilitate Strategic
Business Acquisitions,  Business & Corporate Development,  Sales & Marketing and
Development  of  Distribution  Channels  and  is  therefore  willing  to  engage
Consultant upon the terms and conditions set forth herein. Consultant desires to
be  assured,  and  Client  desires to assure  Consultant,  that,  if  Consultant
associates  with Client and allocates its resources  necessary to provide Client
with its services,  Consultant will be paid the  consideration  described herein
and said consideration will be nonrefundable, regardless of the circumstances.

Consultant  agrees to be  engaged  and  retained  by  Client  upon the terms and
conditions set forth herein.

NOW,  THEREFORE,  in  consideration  of the  foregoing,  of the mutual  promises
hereinafter set forth and for other good and valuable consideration, the receipt
and  sufficiency of which are hereby  acknowledged,  the Parties hereto agree as
follows:

1.   Engagement

     Client hereby engages  Consultant on a non-exclusive  basis, and Consultant
     hereby accepts the engagement to become a business Consultant to Client and
     to render such advice,  consultation,  information,  and services to Client
     regarding business matters including, but not limited to the following:

     Consultant will assist Client in Strategic Business Acquisitions,  Business
     & Corporate Development,  Sales & Marketing and Development of Distribution
     Channels.

     Consultant,  on  behalf  of  Client,  will  liaise  with key  customers  as
     identified by Client.

     Consultant,  at  Client's  request,  will act as  Client's  agent  and will
     generate new sales leads and negotiate new contracts in order to materially
     grow the business.

     Consultant  will assist  Client in the  development  and/or  refinement  of
     company's web site and other marketing information.

     Consultant will assist Client in future acquisitions, negotiating terms and
     structure, and assisting in due diligence and documentation.

     Consultant  will assist  Client in the  development  of sales and marketing
     plans for new acquisitions and the proper  integration of said acquisitions
     into  the  overall  corporate  strategy  and  development  of  distribution
     channels.

     Notwithstanding  that Consultant's  services will always be through Client,
     Client can direct  Consultant to provide  services to Client's US parent or
     other affiliates of the Company.

     Client and Consultant shall mutually agree, in writing,  for any additional
     duties  that  Consultant  may  provide to Client for  compensation  paid or
     payable by Client under this agreement. Although there is no requirement to
     do so, such  additional  agreement(s)  may be attached hereto and made part
     hereof by written  amendments  to be listed as  "Exhibits"  beginning  with
     "Exhibit A" and initialed by both parties.

2.   Compensation to Consultant

     (all figures in C$ and GST will be charged in addition to figures shown).

<PAGE>

2.1  Engagement  Fee/Signing  Bonus.  As express  consideration  for  Consultant
     entering into this Agreement, Client will pay Consultant $46,500.

2.2  Monthly  Compensation.  From July 1 to  December  31,  2003,  Client to pay
     Consultant  $12,250.00 every month,  $6,125.00 on the 15th of the month and
     $6,125.00  on the last day of the  month.  Starting  from  January 1, 2004,
     Consultant and Client to mutually  agree on the monthly cash  compensation,
     said compensation not to be below $10,000 per month.

2.3  Company Stock and Stock Option Plan.  Consultant is eligible for receipt of
     Stock  Options and / or Stocks from time to time at the  discretion  of the
     Compensation  Committee of the  Company.  Stock  referred to is Inyx,  Inc.
     Stock.  Therefore Inyx Canada, Inc. will cause parent,  Inyx, Inc. to issue
     said Stock  Options or Stocks to Consultant as the case may be. In the case
     of Stock  Options,  the vesting period of granted Stock Options shall be at
     the latest, 1/3 vest immediately at the date of granting, 1/3 vest 6 months
     from the date of granting  and 1/3 vest one year from the date of granting.
     In the case of Stocks, when issued, said shares shall be restricted shares,
     although at the earliest  availability,  Client shall  register such shares
     with the U.S.  Securities and Exchange Commission (the "SEC") on a Form S-8
     or a similar registration statement.

     Notwithstanding  anything else herein,  each Option will vest completely on
     the date the Client  provides the Consultant  with notice that a `Change of
     Control' has occurred, such notice not to be unreasonably withheld. `Change
     of Control' has occurred when a shareholder or  shareholders of the Client,
     holding at least a majority of the outstanding issued Shares, has agreed to
     transfer or sell such  shareholder's or shareholders'  Shares  constituting
     such  controlling  interest to a bona fide third party purchaser  acting at
     arm's length to such shareholder or shareholders.

2.4  Bonuses. Consultant is eligible for bonuses based on performance and at the
     discretion  of the CEO of the Company.  These bonuses are to be paid either
     in Stocks and / or cash,  at the option of the  Consultant.  In the case of
     Stocks,  when issued,  said shares shall be restricted shares,  although at
     the earliest availability,  Client shall register such shares with the U.S.
     Securities and Exchange  Commission  (the "SEC") on a Form S-8 or a similar
     registration statement.

2.5  Office and Ancillary Equipment.  Client to provide Consultant with a laptop
     computer and mobile phone for its  exclusive  use to enable  Consultant  to
     perform its duties.  Client will pay said  mobile  phone's  monthly  bills.
     Client will provide an office for  Consultant's  exclusive  use at location
     designated by Client at its sole discretion.  If Client  designates that no
     office can be provided  and that  Consultant  shall work from its  personal
     residence,   then  Client  to  provide  Consultant,  at  Client's  expense,
     phone/fax  service,  fax machine,  printer and any other  office  equipment
     deemed necessary for Consultant to carry out its duties.

2.6  Expenses.   Client  shall  reimburse  Consultant  for  reasonable  expenses
     incurred in performing  its duties  pursuant to this  Agreement  (including
     printing,  postage, express mail, photo reproduction,  travel, lodging, and
     long distance telephone and facsimile charges); provided, however, that for
     any expenses over $1,000,  Consultant  must receive prior written  approval
     from  Client.  Such  reimbursement  shall be payable  within  seven days of
     Consultant's invoice.

2.7  Additional  Fees.  Client  and  Consultant  shall  mutually  agree upon any
     additional fees that Client may pay in the future for services  rendered by
     Consultant under this Agreement. Such additional agreement(s) may, although
     there is no requirement to do so, be attached hereto and made a part hereof
     as Exhibits beginning with Exhibit A.

2.8  Benefits.  Consultant to fully  participate in Client's  health and benefit
     plan to include the normal benefits including medical, dental,  orthodontic
     and  eye-care for  Consultant  and its family as well as  appropriate  life
     insurance  for the  beneficiaries  designated  by  Consultant.  Benefits to
     continue for one year after termination date as outlined in Section 7

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<PAGE>

3.   Indemnification

     The Client agrees to indemnify and hold harmless Consultant against any and
     all  liability,  loss and costs,  expenses  or damages,  including  but not
     limited  to,  any  and  all  expenses  whatsoever  reasonably  incurred  in
     investigating,  preparing or defending against any litigation, commenced or
     threatened,  or any claim  whatsoever or howsoever  caused by reason of any
     injury  (whether  to body,  property,  personal or  business  character  or
     reputation)  sustained by any person or to any person or property,  arising
     out of any act,  failure to act,  neglect,  any  untrue or  alleged  untrue
     statement  of a material  fact or  failure  to state a material  fact which
     thereby  makes a  statement  false  or  misleading,  or any  breach  of any
     material  representation,  warranty  or  covenant  by  Client or any of its
     agents, employees, or other representatives.  Nothing herein is intended to
     nor shall it relieve  either party from  liability for its own willful act,
     omission or negligence. All remedies provided by law, or in equity shall be
     cumulative and not in the alternative.

4.   Confidentiality

4.1  Consultant  and  Client  each  agree  to  keep   confidential  and  provide
     reasonable security measures to keep confidential information where release
     may be detrimental to their respective business  interests.  Consultant and
     Client  shall each  require  their  employees,  agents,  affiliates,  other
     licensees,  and  others  who will have  access to the  information  through
     Consultant   and   Client   respectively,   to  first   enter   appropriate
     non-disclosure  Agreements  requiring the  confidentiality  contemplated by
     this Agreement in perpetuity.

4.2  Consultant will not, either during its engagement by the Client pursuant to
     this Agreement or at any time thereafter,  disclose,  use or make known for
     its or another's benefit any confidential  information,  knowledge, or data
     of the  Client  or any of its  affiliates  in any way  acquired  or used by
     Consultant during its engagement by the Client.  Confidential  information,
     knowledge  or data of the Client and its  affiliates  shall not include any
     information  that is, or becomes  generally  available  to the public other
     than as a result of a disclosure by Consultant or its  representatives.  In
     addition, Consultant shall not perform similar services provided for herein
     to any person  identified  by Client as a direct  competitor  of the Client
     (this list not to be unreasonably restrictive or all encompassing).

5.   Miscellaneous Provisions

5.1  Amendment and  Modification.  This  Agreement may be amended,  modified and
     supplemented only by written agreement of Consultant and Client.

5.2  Assignment.  This  Agreement  and all of the  provisions  hereof  shall  be
     binding  upon and inure to the  benefit  of the  parties  hereto  and their
     respective  successors  and permitted  assigns.  The  obligations of either
     party hereunder  cannot be assigned  without the express written consent of
     the other party.

5.3  Governing  Law;  Venue.  This Agreement and the legal  relations  among the
     parties  hereto shall be governed by and construed in  accordance  with the
     laws of the  Province of  Ontario,  without  regard to its  conflict of law
     doctrine.  Client and Consultant  agree that if any action is instituted to
     enforce or interpret any provision of this Agreement,  the jurisdiction and
     venue shall be the City of Toronto, Ontario, Canada.

5.4  Attorneys'  Fees and Costs.  If any  action is  necessary  to  enforce  and
     collect upon the terms of this  Agreement,  the  prevailing  party shall be
     entitled to reasonable  attorneys' fees and costs, in addition to any other
     relief  to which  that  party  may be  entitled.  This  provision  shall be
     construed as applicable to the entire  Agreement.  If any legal costs arise
     from  Consultant  carrying  out its  service  to  Client,  Client  to cover
     Consultant's attorneys' fees and costs.

5.5  Survivability. If any part of this Agreement is found, or deemed by a court
     of competent jurisdiction, to be invalid or unenforceable,  that part shall
     be severable from the remainder of the Agreement.

5.6  Facsimile  Signatures.  The Parties hereto agree that this Agreement may be
     executed  by  facsimile  signatures  and such  signature  shall  be  deemed
     originals.  The Parties  further agree that within ten (10) days  following
     the execution of this  Agreement,  they shall exchange  original  signature
     pages.

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5.7  Arbitration

     All disputes,  controversies, or differences between client, consultant, or
     any  of  their  officers,  directors,  legal  representatives,   attorneys,
     accountants,  agents  or  employees,  or any  customer  or other  person or
     entity,  arising  out  of,  in  connection  with  or as a  result  of  this
     agreement,  shall be  resolved  through  arbitration  rather  than  through
     litigation. With respect to the arbitration of any dispute, the undersigned
     hereby acknowledge and agree that:

     A.   Arbitration is final and binding on the parties;

     B.   The parties waive their right to seek remedy in court, including their
          right to jury trial;

     C.   Pre-arbitration discovery is generally more limited and different from
          court proceeding;

     D.   The arbitrator's  award is not required to include factual findings or
          legal   reasoning   and  any  party's  right  of  appeal  or  to  seek
          modification of ruling by the arbitrators is strictly limited;

     E.   This arbitration provision is specifically intended to include any and
          all statutory claims which might be asserted by any party;

     F.   Each party hereby  agrees to submit the dispute for  resolution to the
          Arbitration  Dispute  Resolution  Institute of Canada  within five (5)
          days after receiving a written request to do so from the other party;

     G.   If either party fails to submit the dispute to arbitration on request,
          then the requesting party may commence an arbitration proceeding,  but
          is under no obligation to do so;

     H.   Any hearing  scheduled  after an arbitration  is initialed  shall take
          place in the City of Toronto, Ontario, Canada;

     I.   If either  party shall  institute a court  proceeding  in an effort to
          resist  arbitration and be  unsuccessful  in resisting  arbitration or
          shall unsuccessfully contest the jurisdiction of any arbitration forum
          located in the City of Toronto, Ontario, Canada, over any matter which
          is the  subject  of this  agreement,  the  prevailing  party  shall be
          entitled  to  recover  from the  losing  party its legal  fees and any
          out-of-pocket expenses incurred in connection with the defense of such
          legal  proceeding or its efforts to enforce its rights to  arbitration
          as provided for herein;

     J.   The parties  shall accept the decision of any award as being final and
          conclusive and agree to abide thereby;

     K.   Any  decision  may be filed with any court as a basis for judgment and
          execution for collection.

5.8  Term/Termination

     This  Agreement  is an  agreement  for the term of twenty  four (24) months
     ending June 30, 2005 and is effective as of the date first  written  above.
     Thereafter,  this Agreement shall  automatically  be renewed for successive
     one-year  periods every July 1st,  commencing  with the first of July 2005,
     unless  either of Client or  Consultant  move to  terminate  as per  below.
     Client may terminate  this  Agreement with written notice to Consultant 180
     days  prior  to  termination  date.  At  termination  date,  Client  to pay
     Consultant  severance of twelve (12) months  compensation in a lump sum and
     benefits to continue for one year from date of termination. Notwithstanding
     the  foregoing,  it is  expressly  agreed by Client  that any  compensation
     (whether in the form of cash, shares or stock options)  previously tendered
     to the  Consultant  shall not be refundable.  Any non-vested  stock options
     held by consultant at termination date will immediately  vest. These vested
     options  will  not  terminate  until  90  dates  after   termination  date.
     Consultant can terminate  agreement at any time with 30 days written notice
     to Client. Finally, if after a Change of Control as defined in Section 2.3,
     Client elects not to continue Consultant's  Agreement,  then Agreement will
     be  terminated  upon  Client's  written   notification  to  Consultant  and
     severance will apply as above as well as  continuation  of benefits for one
     year as per above.

                                       4
<PAGE>

6.   Relocation

     If Client  requests  Consultant to relocate and Consultant  agrees with the
     request,  then Client to pay for all of  Consultant's  legal,  immigration,
     moving and selling expenses. If Consultant's  relocation is contingent upon
     contract  continuation,  then  Consultant  has right of first  refusal.  If
     Consultant elects not to relocate,  then Agreement will terminate as of the
     date Consultant  informs Client in writing of its decision not to relocate.
     Severance and benefits stipulated in Section 7 will take effect.

7.   Representations, Warrants and Covenants

     The Client represents, warrants and covenants to the Consultant as follows:
     The Client has the full authority, right, power and legal capacity to enter
     into this Agreement and to consummate the  transactions  which are provided
     for herein.  The execution of this Agreement by the Client and its delivery
     to the Consultant, and the consummation by it of the transactions which are
     contemplated herein have been duly approved and authorized by all necessary
     action by the  Client's  Board of  Directors  and no further  authorization
     shall  be  necessary  on the part of the  Client  for the  performance  and
     consummation by the Client of the  transactions  which are  contemplated by
     this Agreement.

     The business and operations of the Client have been and are being conducted
     in all material  respects in accordance with all applicable laws, rules and
     regulations of all  authorities  which affect the Client or its properties,
     assets,  businesses or prospects.  The  performance of this Agreement shall
     not result in any breach of, or  constitute a default  under,  or result in
     the imposition of any lien or  encumbrance  upon any property of the Client
     or cause acceleration under any arrangement,  agreement or other instrument
     to which the Client is a party or by which any of its assets are bound. The
     Client has performed in all respects all of its  obligations  which are, as
     of the date of this  Agreement,  required to be performed by it pursuant to
     the terms of any such agreement, contract or commitment.

8.   Counterparts

     This Agreement may be executed  simultaneously in one or more counterparts,
     each of which shall be deemed an original,  but all of which together shall
     constitute one and the same instrument.

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

CLIENT:                                     CONSULTANT:
Inyx Canada, Inc.

/s/ Rima Goldshmidt                                  /s/ Marc Couturier
------------------------                             ---------------------------
Rima Goldshmidt                                      Marc Couturier
Vice President, Finance
Inyx, Inc.

Agreed to by Inyx, Inc.

/s/ Jack Kachkar
------------------------
Dr. Jack Kachkar
Chairman
Inyx, Inc.

                                       5

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