INVERNESS MEDICAL INNOVATIONS INC
EXHIBIT 10.1
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<TYPE>EX-10.1
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<DESCRIPTION>EXHIBIT 10.1
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<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="kl1946_exhibit_10.1"> </A>
<A NAME="toc_kl1946_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT 10.1    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>SIXTH AMENDMENT AND CONSENT TO SECOND AMENDED<BR>
AND RESTATED CREDIT AGREEMENT  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS SIXTH AMENDMENT AND CONSENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, dated as of June&nbsp;1, 2004 (this
"</FONT><FONT SIZE=2><I>Amendment</I></FONT><FONT SIZE=2>"), to the Second Amended and Restated Credit Agreement, dated as of September&nbsp;30, 2003 (as amended, supplemented or otherwise modified
from time to time, the "</FONT><FONT SIZE=2><I>Credit Agreement</I></FONT><FONT SIZE=2>"), by and among General Electric Capital Corporation, as Agent and Lender
("</FONT><FONT SIZE=2><I>Agent</I></FONT><FONT SIZE=2>"), Inverness Medical Innovations,&nbsp;Inc. ("</FONT><FONT SIZE=2><I>Innovations</I></FONT><FONT SIZE=2>"), Wampole Laboratories,&nbsp;Inc.
and Inverness Medical (UK) Holdings Limited, as borrowers ("</FONT><FONT SIZE=2><I>Borrowers</I></FONT><FONT SIZE=2>"), the other Credit Parties signatory thereto, Merrill Lynch Capital, a division
of Merrill Lynch Business Financial Services&nbsp;Inc., as documentation agent, co-syndication agent and lender, UBS Securities LLC, as co-syndication agent, and the lenders
signatory thereto from time to time (collectively, the "</FONT><FONT SIZE=2><I>Lenders</I></FONT><FONT SIZE=2>") and Amendment to the Post-Closing Letter to the Credit Agreement dated
January&nbsp;20, 2004 (as amended, the "</FONT><FONT SIZE=2><I>Post-Closing Letter</I></FONT><FONT SIZE=2>"). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>WITNESSETH  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, Borrowers have notified Agent that Inverness Medical Switzerland GmbH ("</FONT><FONT SIZE=2><I>Swissco</I></FONT><FONT SIZE=2>") desires to acquire,
through a newly acquired wholly-owned subsidiary of Swissco organized in Germany ("</FONT><FONT SIZE=2><I>Acquisition Newco</I></FONT><FONT SIZE=2>"), one hundred percent (100%) of the issued and
outstanding equity interests of (i)&nbsp;Viva Diagnostika&#151;Diagnostische Produkte&#151;GmbH ("</FONT><FONT SIZE=2><I>Viva</I></FONT><FONT SIZE=2>") from Bernd Stammel, Susanne
Stammel, Dr.&nbsp;Willi Wegst, Gerda Wegst, Dr.&nbsp;Heinz-Peter Nachreiner and Gabriele Beutler-Nachreiner (collectively, the "</FONT><FONT SIZE=2><I>Viva Stockholders</I></FONT><FONT SIZE=2>"),
and (ii)&nbsp;DMD, Dienstleistungen&nbsp;&amp; Vertrieb f&ucirc;r Medizin und Diagnostik GmbH ("</FONT><FONT SIZE=2><I>DMD</I></FONT><FONT SIZE=2>") from the Viva Stockholders and DMD AG, a
German corporation (collectively, the "</FONT><FONT SIZE=2><I>Selling Stockholders</I></FONT><FONT SIZE=2>"), in each case pursuant to a purchase agreement. The purchase of Viva and DMD are
collectively referred to herein as the "</FONT><FONT SIZE=2><I>Viva and DMD Purchase</I></FONT><FONT SIZE=2>"; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Viva and DMD Purchase is not a Permitted Acquisition (as defined in the Credit Agreement) and therefore is prohibited under </FONT> <FONT SIZE=2><I>Section&nbsp;6.1</I></FONT><FONT SIZE=2> of the Credit Agreement; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the acquisition of Acquisition Newco is prohibited under </FONT><FONT SIZE=2><I>Section&nbsp;6.1</I></FONT><FONT SIZE=2> of the Credit Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
a portion of each purchase price shall be paid in the form of shares of stock of Inverness Medical Innovations,&nbsp;Inc.
("</FONT><FONT SIZE=2><I>Innovations</I></FONT><FONT SIZE=2>") and the issuance of such shares by Innovations is prohibited under </FONT><FONT SIZE=2><I>Section&nbsp;6.5</I></FONT><FONT SIZE=2> of
the Credit Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Borrowers have notified the Agent that Scandinavian Micro Biodevices Aps ("</FONT><FONT SIZE=2><I>SMB</I></FONT><FONT SIZE=2>") desires to purchase approximately 27% of the
outstanding equity of a newly formed entity ("</FONT><FONT SIZE=2><I>Investment Newco</I></FONT><FONT SIZE=2>") in exchange for the contribution by SMB of its rights in and to that certain Danish
patent application (#PA 2003-01764) (the "</FONT><FONT SIZE=2><I>Patent</I></FONT><FONT SIZE=2>") to Investment Newco (the "</FONT><FONT SIZE=2><I>U.C. Light
Investment</I></FONT><FONT SIZE=2>"); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the purchase of equity of Investment Newco is prohibited by </FONT><FONT SIZE=2><I>Section&nbsp;6.2</I></FONT><FONT SIZE=2> of the Credit Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the contribution by SMB of its rights in and to the Patent is prohibited by </FONT><FONT SIZE=2><I>Section&nbsp;6.8</I></FONT><FONT SIZE=2> of the Credit Agreement; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
Borrowers have notified Agent that Inverness Medical Innovations,&nbsp;Inc. ("</FONT><FONT SIZE=2><I>Innovations</I></FONT><FONT SIZE=2>"), through a newly formed
wholly-owned subsidiary ("</FONT><FONT SIZE=2><I>Merger Newco</I></FONT><FONT SIZE=2>"), desires to acquire one hundred percent (100%) of the issued and outstanding stock of Advantage Diagnostics
Corporation ("</FONT><FONT SIZE=2><I>ADC</I></FONT><FONT SIZE=2>") by way of a merger (the "</FONT><FONT SIZE=2><I>ADC Merger</I></FONT><FONT SIZE=2>") with or into Merger Newco in exchange for
consideration of $2,500,000 in cash, pursuant to which Merger Newco shall be the surviving entity; </FONT></P>

<HR NOSHADE>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
pursuant to the letter of intent signed by Innovations, Innovations shall also pay $1,500,000 to ADC's current stockholders as additional compensation for the merger upon proof
of feasibility of the ADC HIV test (the "</FONT><FONT SIZE=2><I>Additional Merger Compensation</I></FONT><FONT SIZE=2>"); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the ADC Merger is not a Permitted Acquisition and therefore is prohibited under </FONT><FONT SIZE=2><I>Section&nbsp;6.1</I></FONT><FONT SIZE=2> of the Credit Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the formation of Merger Newco is prohibited under </FONT><FONT SIZE=2><I>Section&nbsp;6.1</I></FONT><FONT SIZE=2> of the Credit Agreement; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
Borrowers have notified Agent that Inverness Medical (UK) Holdings,&nbsp;Ltd ("</FONT><FONT SIZE=2><I>Inverness UK</I></FONT><FONT SIZE=2>") desires to acquire one hundred
percent (100%) of the issued and outstanding equity interest of IV Diagnostics Limited, a holding company formed under the laws of the United Kingdom ("</FONT><FONT SIZE=2><I>IV
Diagnostics</I></FONT><FONT SIZE=2>") from Dror Yeffet and Mihal Jacobi (the "</FONT><FONT SIZE=2><I>IV Diagnostics Purchase</I></FONT><FONT SIZE=2>" and together with the Viva and DMD Purchase, the
U.C. Light Investment and the ADC Merger, the "</FONT><FONT SIZE=2><I>Proposed Transactions</I></FONT><FONT SIZE=2>"); </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
Borrowers have requested that Agent and Requisite Lenders consent to the Proposed Transactions on the terms and conditions set forth herein; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
Agent and Requisite Lenders have agreed to amend the Credit Agreement and the Post-Closing Letter, in the manner, and on the terms and conditions, provided for
herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW
THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Definitions.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the
Credit Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Consent to Acquisition of Acquisition Newco.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of the Effective Date (as defined below), Agent and Requisite
Lenders hereby agree that the consummation of the purchase of Acquisition Newco shall not create a breach under </FONT><FONT SIZE=2><I>Sections 6.1</I></FONT><FONT SIZE=2> of the Credit Agreement, </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT
SIZE=2> that (a)&nbsp;the purchase price paid by or on behalf of Swissco for Acquisition Newco shall not exceed &euro;30,000,
(b)&nbsp;Acquisition Newco shall have assets consisting of at least &euro;25,000 (the "</FONT><FONT SIZE=2><I>Assets</I></FONT><FONT SIZE=2>") at the time of such acquisition,
(c)&nbsp;Acquisition Newco shall have no property or other assets, other than the Assets, (d)&nbsp;no Credit Party shall transfer any funds or assets (other than funds or assets necessary to pay
the purchase price in connection with the Viva and DMD Purchase, which funds or assets shall in no event exceed the Viva and DMD Purchase Price (as defined below)) to Acquisition Newco prior to the
consummation of the Viva and DMD Purchase, and (e)&nbsp;Acquisition Newco shall not conduct any business prior to the consummation of the Viva and DMD Purchase. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Consent to Viva and DMD Purchase.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of the Effective Date, Agent and Requisite Lenders hereby agree that the
consummation of the Viva and DMD Purchase shall not create a breach under </FONT><FONT SIZE=2><I>Sections 6.1</I></FONT><FONT SIZE=2> or </FONT><FONT SIZE=2><I>6.5</I></FONT><FONT SIZE=2> of the
Credit Agreement, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2> that: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;(i)&nbsp;Agent
shall have received evidence satisfactory to Agent that each of the conditions precedent to a Permitted Acquisition set forth in </FONT> <FONT SIZE=2><I>Section&nbsp;6.1(i)&#151;(xi)</I></FONT><FONT SIZE=2> of the Credit Agreement have been satisfied
in connection with the Viva and DMD Purchase (other than the
conditions set forth in </FONT><FONT SIZE=2><I>Section&nbsp;6.1(i)</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>Section&nbsp;6.1(v)</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>Section&nbsp;6.1(viii)</I></FONT><FONT SIZE=2> and </FONT><FONT
SIZE=2><I>Section&nbsp;6.1(ix)</I></FONT><FONT SIZE=2> which are hereby waived, provided that
(A)&nbsp;the Credit Parties do not expend any cash in connection with the Viva and DMD Purchase other than for costs and expenses and cash payments to the Selling Stockholders and or DMD AG which do
not exceed (x)&nbsp;&euro;2,821,000 in the aggregate with respect to the Viva and DMD Purchase (the "</FONT><FONT SIZE=2><I>Viva and DMD Purchase Price</I></FONT><FONT SIZE=2>"), and
(B)&nbsp;all Indebtedness, Guaranteed Indebtedness, contingent obligations and other liabilities (other than ordinary course trade payables) of each of Viva and DMD incurred, assumed or otherwise
reflected on the consolidated </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
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<P><FONT SIZE=2>balance
sheet of Borrowers and each of Viva and DMD after giving effect to such Viva and DMD Purchase are paid, and all Liens (other than Permitted Encumbrances) on the assets and stock of each of
Viva and DMD are terminated, concurrently with the consummation of the Viva and DMD Purchase), and (ii)&nbsp;within thirty (30)&nbsp;days after the consummation of the Viva and DMD Purchase, each
of Viva and DMD shall grant a first priority perfected security interest (subject to Permitted Encumbrances) in all of its respective assets to secure the Obligations of the European Credit Parties
and execute all documents and take all actions (including obtaining landlord waivers in form and substance reasonably satisfactory to Agent) requested by Agent in connection therewith; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Within
thirty (30)&nbsp;days after the consummation of the Viva and DMD Purchase, Agent shall have received (i)&nbsp;a Guaranty and Joinder Agreement, in each case,
in form and substance satisfactory to Agent, pursuant to which each of Acquisition Newco, Viva and DMD agrees to guarantee the Obligations of the European Credit Parties under the Loan Documents and
become a party to the Loan Documents; (ii)&nbsp;a Pledge Agreement (the "</FONT><FONT SIZE=2><I>Viva and DMD Pledge Agreement</I></FONT><FONT SIZE=2>"), in form and substance satisfactory to Agent,
pursuant to which Acquisition Newco pledges one hundred percent (100%) of the issued and outstanding equity interest of each of Viva and DMD (the "</FONT><FONT SIZE=2><I>Pledged
Stock</I></FONT><FONT SIZE=2>") to Agent, in each case duly executed and delivered by an authorized officer of Viva, DMD and/or Acquisition Newco, as applicable; and (iii)&nbsp;a Pledge Agreement or
a pledge amendment (the "</FONT><FONT SIZE=2><I>Acquisition Newco Pledge Agreement</I></FONT><FONT SIZE=2>"), in form and substance satisfactory to Agent, pursuant to which Swissco pledges one
hundred percent (100%) of the issued and outstanding equity interest of Acquisition Newco (the "</FONT><FONT SIZE=2><I>Acquisition Newco Stock</I></FONT><FONT SIZE=2>") to Agent, duly executed by an
authorized officer of Acquisition Newco or Swissco, as applicable; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Within
thirty (30)&nbsp;days after the consummation of the Viva and DMD Purchase, Agent shall have received original certificates, if any, representing the Pledged
Stock pledged by Acquisition Newco pursuant to the terms of the Viva and DMD Pledge Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Within
thirty (30)&nbsp;days after the consummation of the Viva and DMD Purchase, Agent shall have received an original certificate, if any, representing the
Acquisition Newco Stock pledged by Swissco pursuant to the terms of the Acquisition Newco Pledge Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;Within
thirty (30)&nbsp;days, or such longer period as Agent may consent to in its sole discretion, after the consummation of the Viva and DMD Purchase, Agent shall
have received tri-party blocked account agreements, in form and substance reasonably satisfactory to Agent, duly executed and delivered by each of Acquisition Newco, Viva and DMD and each
bank where Acquisition Newco, Viva or DMD has established a deposit or disbursement account (other than payroll accounts), in each case in accordance with the requirements set forth in </FONT> <FONT SIZE=2><I>Section&nbsp;1.8</I></FONT><FONT SIZE=2>
and </FONT><FONT SIZE=2><I>Annex C</I></FONT><FONT SIZE=2> of the Credit Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Agent
shall have received (x)&nbsp;updated </FONT><FONT SIZE=2><I>Schedules 3.1, 3.2, 3.6, 3.7, 3.8, 3.15, 3.19</I></FONT><FONT SIZE=2> and </FONT> <FONT SIZE=2><I>5.1</I></FONT><FONT SIZE=2> to the Credit Agreement and (y)&nbsp;a revised </FONT><FONT
SIZE=2><I>Exhibit&nbsp;A-1</I></FONT><FONT SIZE=2> updated to include
Material Contracts, if any, to which any of Acquisition Newco, Viva or DMD is a party, each in form and substance satisfactory to Agent, after giving pro forma effect to the Viva and DMD Purchase; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;Agent
shall have received a copy of each of Viva's and DMD's (i)&nbsp;charter documents and all amendments thereto and (ii)&nbsp;good standing certificates or the
foreign equivalent and certificates of qualification to conduct business in each jurisdiction where its ownership or lease of property or the conduct of its business requires such qualification, each
dated a recent date and certified by the applicable authorized Governmental Authority; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;Agent
shall have received a copy of each of Viva's and DMD's (i)&nbsp;bylaws and all amendments thereto and (ii)&nbsp;resolutions of each of Viva's and DMD's Board
of Directors and, to the extent required under applicable law, stockholders, approving and authorizing the execution, </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

<HR NOSHADE>
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<P><FONT SIZE=2>delivery
and performance of the Loan Documents to which Viva or DMD is, or will be, a party and the transactions to be consummated in connection therewith, each certified by an authorized officer of
each of Viva and DMD (after giving effect to the Viva and DMD Purchase) as being in full force and effect without any modification or amendment; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;Agent
shall have received a copy of Acquisition Newco's (i)&nbsp;bylaws and all amendments thereto and (ii)&nbsp;resolutions of Acquisition Newco's Board of
Directors and, to the extent required under applicable law, stockholders, approving and authorizing the execution, delivery and performance of the purchase agreements with respect to the Viva and DMD
purchase and the Loan Documents to which Acquisition Newco is, or will be, a party and the transactions to be consummated in connection therewith, each certified by Acquisition Newco's corporate
secretary or an assistant secretary (after giving effect to the Viva and DMD Purchase) as being in full force and effect without any modification or amendment; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;Agent
shall have received a signature and incumbency certificate of the officers of each of Acquisition Newco, Viva and DMD, certified by a managing director or other
officer of each of Acquisition Newco, Viva and DMD (after giving effect to the Viva and DMD Purchase) as being true, accurate, correct and complete in all respects; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;Agent
shall have received executed copies of purchase agreements executed in connection with the Viva and DMD Purchase, together with all amendments thereto, and all
documentation delivered in connection therewith (all in form and substance satisfactory to Agent), certified by an authorized officer of Acquisition Newco to be true and complete and in full force and
effect as of the Effective Date; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;&nbsp;&nbsp;Within
thirty (30)&nbsp;days after the consummation of the Viva and DMD Purchase, Agent shall have received a legal opinion of counsel acceptable to Agent (subject to
customary qualifications) which shall provide (i)&nbsp;that the Loan Documents have been duly authorized, executed and delivered by, and are enforceable against, Acquisition Newco, Viva and DMD,
(ii)&nbsp;that the Viva and DMD Purchase was approved by all requisite corporate action by Acquisition Newco and (iii)&nbsp;such other opinions as Agent may reasonably request, all in form and
substance satisfactory to Agent; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;&nbsp;Upon
Agent's request, Agent shall have received</FONT><FONT SIZE=2><B>,</B></FONT><FONT SIZE=2> within thirty (30)&nbsp;days after the consummation of the Viva and
DMD Purchase, a copy of the Assignment of Representations and Warranties, duly executed by an authorized officer of Acquisition Newco and acknowledged by the Selling Stockholders; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;&nbsp;&nbsp;Within
thirty (30)&nbsp;days after the consummation of the Viva and DMD Purchase, Agent shall have received evidence that CT Corporation has been appointed as agent
for service of process for each of Acquisition Newco, Viva and DMD; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;&nbsp;&nbsp;The
Viva and DMD Purchase shall have been consummated on or prior to July&nbsp;30, 2004. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Consent to U.C. Light Investment.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of the Effective Date, (i)&nbsp;Agent and Requisite Lenders hereby
consent to the transfer by SMB of its interest in and to the Patent to Investment Newco; (ii)&nbsp;Agent hereby releases its Lien on the Patent and agrees to execute and deliver to Borrowers
UCC-3 amendments and/or any other releases reasonably requested by Borrowers and at Borrowers' expense, and (iii)&nbsp;Agent and the Requisite Lenders agree that the consummation of the
U.C. Light Investment on the terms and conditions set forth in the Subscription Agreement shall not create a breach under </FONT><FONT SIZE=2><I>Sections 6.8</I></FONT><FONT SIZE=2> of the Credit
Agreement; provided that, so long as no adverse consequences as a result of financial assistance would result therefrom, within thirty (30)&nbsp;days of the Effective Date Agent shall have received
a Pledge Agreement or a pledge amendment (the "</FONT><FONT SIZE=2><I>Investment Newco Pledge Agreement</I></FONT><FONT SIZE=2>"), in form and substance satisfactory to Agent, pursuant to which SMB
pledges its interest in the issued and outstanding equity of Investment Newco to Agent, duly executed and delivered by an </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

<HR NOSHADE>
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<P><FONT SIZE=2>authorized
officer of SMB, together with, to the extent that SMB's equity interest of Investment Newco pledged by SMB pursuant to the terms of the Investment Newco Pledge Agreement has been
certificated, an original certificate representing said equity interest. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Consent to ADC Merger.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of the Effective Date, Agent and Requisite Lenders hereby agree that the
consummation of the ADC Merger shall not create a breach under </FONT><FONT SIZE=2><I>Sections 6.1</I></FONT><FONT SIZE=2> of the Credit Agreement, </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2> that: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;(i)&nbsp;Agent
shall have received evidence satisfactory to Agent that each of the conditions precedent to a Permitted Acquisition set forth in </FONT> <FONT SIZE=2><I>Section&nbsp;6.1(i)&#151;(xi)</I></FONT><FONT SIZE=2> of the Credit Agreement have been satisfied
in connection with the ADC Merger (other than the conditions set
forth in </FONT><FONT SIZE=2><I>Section&nbsp;6.1(i)</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>Section&nbsp;6.1(v)</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>Section&nbsp;6.1(vi)</I></FONT><FONT SIZE=2> and </FONT><FONT
SIZE=2><I>Section&nbsp;6.1(ix)</I></FONT><FONT SIZE=2> which are hereby waived, provided that (A)&nbsp;the
Credit Parties do not expend any cash in connection with the ADC Merger other than for costs and expenses and cash payments to the selling stockholders of ADC which do not exceed (x)&nbsp;$2,800,000
in the aggregate with respect to consummation of the ADC Merger and (y)&nbsp;the Additional Merger Compensation and (B)&nbsp;all Indebtedness, Guaranteed Indebtedness, contingent obligations and
other liabilities (other than ordinary course trade payables) of ADC incurred, assumed or otherwise reflected on the consolidated balance sheet of Borrowers and Merger Newco after giving effect to
such ADC Merger are paid, and all Liens (other than Permitted Encumbrances) on the assets and stock of Merger Newco are terminated, concurrently with the consummation of the ADC Merger), and
(ii)&nbsp;Merger Newco shall grant a first priority perfected security interest (subject to Permitted Encumbrances) in all of its respective assets to secure the Obligations of the Credit Parties
and execute all documents and take all actions (including obtaining landlord waivers in form and substance reasonably satisfactory to Agent) requested by Agent in connection therewith; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Agent
shall have received (i)&nbsp;a Guaranty and Joinder Agreement, in each case, in form and substance satisfactory to Agent, pursuant to which Merger Newco agrees
to guarantee the Obligations of the Credit Parties under the Loan Documents and become a party to the Loan Documents; (ii)&nbsp;a Pledge Agreement or a pledge amendment (the
"</FONT><FONT SIZE=2><I>Innovations Pledge Agreement</I></FONT><FONT SIZE=2>"), in form and substance satisfactory to Agent, pursuant to which Innovations pledges one hundred percent (100%) of the
issued
and outstanding equity interest of Merger Newco (the "</FONT><FONT SIZE=2><I>Merger Newco Stock</I></FONT><FONT SIZE=2>") to Agent, duly executed by an authorized officer of Innovations; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Agent
shall have received an original certificate representing the Merger Newco Stock pledged by Innovations pursuant to the terms of the Innovations Pledge Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Within
thirty (30)&nbsp;days, or such longer period as Agent may consent to in its sole discretion, after the consummation of the ADC Merger, Agent shall have received
tri-party blocked account agreements, in form and substance reasonably satisfactory to Agent, duly executed and delivered by Merger Newco and each bank where Merger Newco has established a
deposit or disbursement account (other than payroll accounts), in each case in accordance with the requirements set forth in </FONT><FONT SIZE=2><I>Section&nbsp;1.8</I></FONT><FONT SIZE=2> and </FONT> <FONT SIZE=2><I>Annex C</I></FONT><FONT SIZE=2>
of the Credit Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;Agent
shall have received (x)&nbsp;updated </FONT><FONT SIZE=2><I>Schedules 3.1, 3.2, 3.6, 3.7, 3.8, 3.15, 3.19</I></FONT><FONT SIZE=2> and </FONT> <FONT SIZE=2><I>5.1</I></FONT><FONT SIZE=2> to the Credit Agreement and (y)&nbsp;a revised </FONT><FONT
SIZE=2><I>Exhibit&nbsp;A-1</I></FONT><FONT SIZE=2> updated to include
Material Contracts, if any, to which Merger Newco is a party, each in form and substance satisfactory to Agent, after giving pro forma effect to the ADC Merger; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Agent
shall have received a copy of each of (i)&nbsp;Merger Newco's and ADC's charter documents and all amendments thereto and (ii)&nbsp;good standing certificates
or the foreign equivalent and certificates of qualification to conduct business in each jurisdiction where their respective ownership or lease of property or the conduct of its business requires such
qualification, each dated a recent date and certified by the applicable authorized Governmental Authority; </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=5,EFW="2141499",CP="INVERNESS MEDICAL INNOVATIONS",DN="3",CHK=797232,FOLIO='5',FILE='DISK029:[04BOS6.04BOS1946]KL1946A.;7',USER='DPERRY',CD=';9-AUG-2004;07:26' -->
<A NAME="page_kl1946_1_6"> </A>
<UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;Agent
shall have received a copy of (i)&nbsp;each of Merger Newco's and ADC's bylaws and all amendments thereto (ii)&nbsp;resolutions of Merger Newco's and ADC's
Board of Directors and, to the extent required under applicable law, stockholders, approving and authorizing the ADC Merger and the execution, delivery and performance of the transaction documents to
be executed in connection with the ADC Merger, and (iii)&nbsp;resolutions of Merger Newco's Board of Directors and, to the extent required under applicable law, stockholders, approving and
authorizing the Loan Documents to which Merger Newco will be a party, each certified by an authorized officer of Merger Newco as being in full force and effect without any modification or amendment in
the case of clauses (i)&nbsp;and (ii)&nbsp;immediately prior to the effective time for the ADC Merger, and in the case of clause&nbsp;(iii) as of the Effective Date; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;Agent
shall have received a signature and incumbency certificate of the officers of each of Merger Newco, certified by Merger Newco's corporate secretary or an assistant
secretary as being true, accurate, correct and complete in all respects; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;Agent
shall have received executed copies of the agreement and plan of merger executed in connection with the ADC Merger, together with all amendments thereto, and all
documentation delivered in connection therewith (all in form and substance satisfactory to Agent), certified by an authorized officer of Merger Newco to be true and complete and in full force and
effect as of the Effective Date; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;Agent
shall have received a legal opinion of counsel acceptable to Agent (subject to customary qualifications) which shall provide (i)&nbsp;that the Loan Documents
have been duly authorized, executed and delivered by, and are enforceable against Merger Newco, (ii)&nbsp;that the ADC Merger was approved by all requisite corporate action by Merger Newco and ADC
and (iii)&nbsp;such other opinions as Agent may reasonably request, all in form and substance satisfactory to Agent; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;Upon
Agent's request, Agent shall have received a copy of the Assignment of Representations and Warranties, duly executed by an authorized officer of Merger Newco and
acknowledged by selling stockholders of ADC </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;&nbsp;&nbsp;Agent
shall have received evidence that CT Corporation has been appointed as agent for service of process for Merger Newco; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;&nbsp;The
ADC Merger shall have been consummated on or prior to July&nbsp;30, 2004. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Consent to IV Diagnostics Purchase.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of the Effective Date, Agent and Requisite Lenders hereby agree that
the consummation of the IV Diagnostics Purchase shall not create a breach under </FONT><FONT SIZE=2><I>Sections 6.1</I></FONT><FONT SIZE=2> of the Credit Agreement, </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2> that: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;the
Credit Parties do not expend any cash in connection with the IV Diagnostics Purchase other than for costs and expenses and cash payments to Dror Yeffet or Mihal
Jacobi which do not exceed $10,000 in the aggregate; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Agent
shall have received (i)&nbsp;a Joinder Agreement pursuant to which IV Diagnostics agrees to become a party to the Credit Agreement for purposes of </FONT> <FONT SIZE=2><I>Section&nbsp;11.19</I></FONT><FONT SIZE=2> thereof; </FONT><FONT
SIZE=2><I>provided</I></FONT><FONT SIZE=2>, that such action does not violate the "financial assistance"
laws of the United Kingdom or require "white wash procedures" thereunder, and (ii)&nbsp;such further assurances regarding the existing fixed and floating charge in favor of Agent over all of the
issued and outstanding equity interests of IV Diagnostics (the "</FONT><FONT SIZE=2><I>IV Diagnostics Stock</I></FONT><FONT SIZE=2>") as Agent shall reasonably request, including a pledge agreement
or pledge amendment (the "</FONT><FONT SIZE=2><I>IV Diagnostics Pledge Agreement</I></FONT><FONT SIZE=2>") in form and substance satisfactory to Agent, in either case duly executed and delivered by
an authorized officer of IV Diagnostics and/or Inverness UK, as applicable; </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=6,EFW="2141499",CP="INVERNESS MEDICAL INNOVATIONS",DN="3",CHK=348714,FOLIO='6',FILE='DISK029:[04BOS6.04BOS1946]KL1946A.;7',USER='DPERRY',CD=';9-AUG-2004;07:26' -->
<A NAME="page_kl1946_1_7"> </A>
<UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Agent
shall have received an original certificate representing the IV Diagnostics Stock pledged by Inverness UK pursuant to the terms of the IV Diagnostics Pledge
Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Agent
shall have received a copy of IV Diagnostics' (i)&nbsp;charter documents and all amendments thereto and (ii)&nbsp;good standing certificates or the foreign
equivalent and certificates of qualification to conduct business in each jurisdiction where its ownership or lease of property or the conduct of its business requires such qualification, each dated a
recent date and certified by the applicable authorized Governmental Authority; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;Agent
shall have received updated </FONT><FONT SIZE=2><I>Schedules 11.19(a) and 11.19(b)</I></FONT><FONT SIZE=2> to the Credit Agreement, revised to include
Indebtedness and Liens of IV Diagnostics; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Agent
shall have received a copy of IV Diagnostics' (i)&nbsp;bylaws and all amendments thereto and (ii)&nbsp;resolutions of IV Diagnostics' Board of Directors and,
to the extent required under applicable law, stockholders, approving and authorizing the execution, delivery and performance of the Loan Documents to which IV Diagnostics is, or will be, a party and
the transactions to be consummated in connection therewith, each certified by an authorized officer of IV Diagnostics (after giving effect to the IV Diagnostics Purchase) as being in full force and
effect without any modification or amendment; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;Agent
shall have received a copy of Inverness UK's (i)&nbsp;bylaws and all amendments thereto and (ii)&nbsp;resolutions of Inverness UK's Board of Directors and, to
the extent required under applicable law, stockholders, approving and authorizing the execution, delivery and performance of the purchase agreement with respect to the purchase of IV Diagnostics and
the Loan Documents to which Inverness UK is, or will be, a party and the transactions to be consummated in connection therewith, each certified by Inverness UK's corporate secretary or an assistant
secretary (after giving effect to the IV Diagnostics Purchase) as being in full force and effect without any modification or amendment; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;Agent
shall have received a signature and incumbency certificate of the officers of IV Diagnostics, certified by IV Diagnostics' corporate secretary or an assistant
secretary (after giving effect to the IV Diagnostics Purchase) as being true, accurate, correct and complete in all respects; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;Agent
shall have received executed copies of any stock purchase agreement executed in connection with the IV Diagnostics Purchase, together with all amendments thereto,
and all documentation delivered in connection therewith (each of which shall be in form and substance satisfactory to Agent), certified by an authorized signatory for Inverness UK to be true and
complete and in full force and effect as of the Effective Date; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;Upon
Agent's request, Agent shall have received evidence that CT Corporation has been appointed as agent for service of process of IV Diagnostics; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;The
IV Diagnostics Purchase shall have been consummated on or prior to July&nbsp;30, 2004. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
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<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_kn1946_1_8"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.</FONT><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Amendment to Credit Agreement.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;After the Effective Date, the Credit Agreement shall be amended as follows:
</FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;Clause&nbsp;(i)
of </FONT><FONT SIZE=2><I>Section&nbsp;6.2</I></FONT><FONT SIZE=2> is hereby deleted in its entirety and replaced with the following: </FONT></P>

<P><FONT SIZE=2><I>"(i)&nbsp;Scandinavian Micro Biodevices Aps shall be permitted to make and permit to exist an investment in [Lumiscence A/S], which investment shall
be limited solely to the contribution by Scandinavian Micro Biodevices Aps of its interest in and to that certain Danish patent application (#PA 2003-01764) in exchange for an equity
interest in the outstanding capital of [Lumiscence A/S]; <U>provided</U>, <U>however</U>, that if at any time,
[Lumiscence A/S] qualifies as a Subsidiary of Scandinavian Micro Biodevices Aps under the Credit Agreement, Scandinavian Micro Biodevices Aps shall cause Lumiscence A/S to
execute such documents as shall be reasonably requested by Agent to effect the joinder of [Lumiscence A/S] as a Credit Party to this Agreement; and (j)&nbsp;any Credit Party
may make capital contributions to any other Credit Party it holds an interest in and any Credit Party may make any other investments in any other Credit Parties to the extent permitted under
<U>Section&nbsp;6.5(b)</U>."</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
definition of "</FONT><FONT SIZE=2><I>Excluded US Subsidiaries</I></FONT><FONT SIZE=2>" in Annex A of the Credit Agreement shall be deleted in its entirety and
replaced with the following: </FONT></P>

<P><FONT SIZE=2><I>"means, collectively, (a)&nbsp;IVC Industries,&nbsp;Inc., a Delaware corporation; and (b)&nbsp;SelfCare- PBM, LLC, a Delaware limited liability
company."</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
definition of "</FONT><FONT SIZE=2><I>Excluded European Subsidiaries</I></FONT><FONT SIZE=2>" in Annex A of the Credit Agreement shall be deleted in its entirety
and replaced with the following: </FONT></P>

<P><FONT SIZE=2><I>"means, collectively, (a)&nbsp;Unipath BV, an entity organized under the laws of The Netherlands; (b)&nbsp;Unipath Management Company Limited, a company organized under the
laws of England and Wales; (c)&nbsp;Unipath Scandinavia AB, an entity organized under the laws of Sweden; (d)&nbsp;Inverness Medical Benelux Bvab, an entity organized under the laws of Belgium;
(e)&nbsp;Hall Laboratories&nbsp;Ltd., an entity organized under the laws of Yukon, Canada; (f)&nbsp;Orgenics and each of the Subsidiaries of Orgenics; and (e)&nbsp;IV Diagnostics and each of
the Subsidiaries of IV Diagnostics."</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Annex
A of the Credit Agreement shall be amended to insert the following definition: </FONT></P>

<P><FONT SIZE=2><I>""<U>IV Diagnostics</U>" means IV Diagnostics Limited, an entity organized under the laws of the United Kingdom."</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Section&nbsp;11.9</I></FONT><FONT SIZE=2> of the Credit Agreement shall be deleted in its entirety and replaced with the following: </FONT></P>


<P><FONT SIZE=2><I>"11.19 <U>Negative Pledge</U>.&nbsp;&nbsp;&nbsp;&nbsp;Each of Orgentics, IV Diagnostics and Unipath Scandinavia AB hereby covenant and agree with Agent and Lenders
that such Person shall not (a)&nbsp;create, incur, assume or permit to exist any Indebtedness other than (i)&nbsp;such Indebtedness existing on the Closing Date or with respect to IV Diagnostics
on the date of the Sixth Amendment and Consent to this Agreement, listed on <U>Disclosure Schedule&nbsp;11.19(a)</U>, <U>provided that</U> the aggregate
combined amount of Indebtedness of Orgenics and IV Diagnostics does not exceed $1,000,000 (or the Equivalent Amount thereof) at any time, and (iii)&nbsp;refinancings thereof or amendments or
modifications thereto that do not have the effect of increasing the principal amount thereof or changing the amortization thereof (other than to extend the same) and that are otherwise on terms and
conditions no less favorable to such Person, as determined by Agent in good faith, than the terms of the Indebtedness being refinanced, amended or modified, or (b)&nbsp;create, incur, assume or
permit to exist any Lien on or with respect to any of its other properties or assets (whether now owned or hereafter acquired) except for (i)&nbsp;Permitted Encumbrances; (ii)&nbsp;Liens in
existence on the date hereof or with respect to IV Diagnostics on the date of the Sixth Amendment and Consent to this Agreement and summarized on <U>Disclosure
Schedule&nbsp;11.19(b)</U> securing the Indebtedness described on <U>Disclosure Schedule&nbsp;11.19(a)</U> and (iii)&nbsp;permitted refinancings, extension and
renewals thereof, including extensions or renewals of any such Liens; <U>provided that</U> the principal  </I></FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>8</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=8,EFW="2141499",CP="INVERNESS MEDICAL INNOVATIONS",DN="3",CHK=187267,FOLIO='8',FILE='DISK029:[04BOS6.04BOS1946]KN1946A.;8',USER='DPERRY',CD=';9-AUG-2004;07:26' -->
<A NAME="page_kn1946_1_9"> </A>
<UL>
<BR>

<P><FONT SIZE=2><I> amount of the Indebtedness so secured is not increased and the Lien does not attach to any other property."  </I></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.</FONT><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Amendment to the Post Closing Letter.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of the Amendment Effective Date,
clause&nbsp;(iii) of paragraph&nbsp;1 of the Post Closing Letter shall be amended by deleting the date "May&nbsp;31, 2004" as it appears therein and inserting the date "June&nbsp;30, 2004" in
lieu thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Representations and Warranties.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;To induce Agent and Requisite Lenders to enter into this Amendment, the
Credit Parties hereby, jointly and severally, represent and warrant that: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
execution, delivery and performance by Acquisition Newco, Investment Newco, Merger Newco and each Credit Party of the agreements executed or to be executed in
connection with the Viva and DMD Purchase, the ADC Merger, the U.C. Light Investment and the IV Diagnostics Purchase (collectively the "</FONT><FONT SIZE=2><I>Transaction
Documents</I></FONT><FONT SIZE=2>") and any Loan Documents to which it is or will be a party
and the creation of all Liens provided for therein: (i)&nbsp;are within such Person's corporate, company or partnership power; (ii)&nbsp;have been (or will be prior to execution thereof) duly
authorized by all necessary corporate, limited liability company or limited partnership action; (iii)&nbsp;do not contravene any provision of such Person's charter, bylaws or equivalent constitutive
documents or partnership or operating agreement, as applicable; (iv)&nbsp;do not violate any law or regulation, or any order or decree of any court or Governmental Authority; (v)&nbsp;do not
conflict with or result in the breach or termination of, constitute a default under or accelerate or permit the acceleration of any performance required by, any indenture, mortgage, deed of trust,
lease, agreement or other instrument to which such Person is a party or by which such Person or any of its property is bound; (vi)&nbsp;do not result in the creation or imposition of any Lien upon
any of the property of such Person; and (vii)&nbsp;do not require the consent or approval of any Governmental Authority or any other Person except those which will have been duly obtained, made or
complied with prior to the Effective Date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;This
Amendment has been duly executed and delivered by or on behalf of each of the Credit Parties. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;This
Amendment constitutes a legal, valid and binding obligation of each of the Credit Parties, enforceable against each of them in accordance with its terms. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;No
Default or Event of Default has occurred and is continuing after giving effect to this Amendment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;No
action, claim or proceeding is now pending or, to the knowledge of any Credit Party, threatened against such Credit Party, at law, in equity or otherwise, before any
court, board, commission, agency or instrumentality of any foreign, federal, state, or local government or of any agency or subdivision thereof, or before any arbitrator or panel of arbitrators, which
(i)&nbsp;challenges any Credit Party's right or power to enter into or perform any of its obligations under any Transaction Document, this Amendment or any other Loan Document to which it is or will
be, a party, or the validity or enforceability of this Amendment, any Transaction Document, the Credit Agreement or any Loan Document or any action taken thereunder, or (ii)&nbsp;has a reasonable
risk of being determined adversely to any Credit Party and that, if so determined, could reasonably be expected to have a Material Adverse Effect after giving effect to this Amendment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;The
representations and warranties of Acquisition Newco, Investment Newco, Merger Newco and the Credit Parties contained in the Transaction Documents, the Credit
Agreement and each other Loan Document shall be true and correct in all material respects on and as of (i)&nbsp;the Effective Date, (ii)&nbsp;the date the Viva and DMD Purchase is consummated
(both before and after giving effect to the Viva and DMD Purchase), (iii)&nbsp;the date the ADC Merger is consummated (both before and after giving effect to the ADC Merger), (iv)&nbsp;the date
the U.C. Light Investment is consummated (both before and after giving effect to the U.C. Light Investment), and (v)&nbsp;the </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>9</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=9,EFW="2141499",CP="INVERNESS MEDICAL INNOVATIONS",DN="3",CHK=250528,FOLIO='9',FILE='DISK029:[04BOS6.04BOS1946]KN1946A.;8',USER='DPERRY',CD=';9-AUG-2004;07:26' -->
<A NAME="page_kn1946_1_10"> </A>
<UL>
<BR>

<P><FONT SIZE=2>date
the IV Diagnostics Purchase is consummated (both before and after giving effect to the IV Diagnostics Purchase; in each case, with the same effect as if such representations and warranties had
been made on and as of such date, except that any such representation or warranty which is expressly made only as of a specified date need be true only as of such date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;Prior
to the consummation of the Proposed Transactions, the Reporting Credit Parties shall have completed their due diligence investigation with respect to such
transactions, which investigation shall have been conducted in a similar manner to that which would have been conducted by a prudent purchaser of a comparable business. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;Each
Credit Party that is a party to the Transaction Documents or any Loan Documents delivered in connection with the Proposed Transactions (after taking into
consideration all rights of contribution and indemnity such Credit Party has against Innovations and each other Subsidiary of Innovations) will be Solvent upon consummation of the Proposed
Transactions. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;No
information contained in the Transaction Documents or any document furnished in connection with any of the foregoing (including, without limitation, the memorandums
describing the proposed transactions) contains or will contain any untrue statement of a material fact or omits or will omit to state a material fact necessary to make the statements contained therein
not misleading in light of the circumstances under which they were made. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;The
value of the SMB's interest in the patent being transferred by SMB to Investment Newco is not greater than $250,000 and such patent is not material to any Credit
Party's business. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;As
of May&nbsp;31, 2004, the Credit Parties have substantially complied with the provisions of clause&nbsp;(iii) of paragraph&nbsp;1 of the Post Closing Letter. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;No Other Amendments/Waivers.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Except as expressly provided herein, (a)&nbsp;the Credit Agreement shall be
unmodified and shall continue to be in full force and effect in accordance with its terms and (b)&nbsp;this Amendment shall not be deemed a waiver of any term or condition of any Loan Document and
shall
not be deemed to prejudice any right or rights which Agent or any Lender may now have or may have in the future under or in connection with any Loan Document or any of the instruments or agreements
referred to therein, as the same may be amended from time to time. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Outstanding Indebtedness; Waiver of Claims.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each of Borrowers and other Credit Parties hereby acknowledges
and agrees that as of May&nbsp;18, 2004, (a)&nbsp;there are no outstanding European Revolving Loans and (b)&nbsp;there are no outstanding US Revolving Loans. Borrowers and each other Credit
Party hereby waives, releases, remises and forever discharges Agent, Lenders and each other Indemnified Person from any and all claims, suits, actions, investigations, proceedings or demands arising
out of or in connection with the Credit Agreement (collectively, "</FONT><FONT SIZE=2><I>Claims</I></FONT><FONT SIZE=2>"), whether based in contract, tort, implied or express warranty, strict
liability, criminal or civil statute or common law of any kind or character, known or unknown, which any Borrower or any other Credit Party ever had, now has or might hereafter have against Agent or
Lenders which relates, directly or indirectly, to any acts or omissions of Agent, Lenders or any other Indemnified Person on or prior to the Effective Date, </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, that no Borrower nor any other
Credit Party waives any Claim solely to the extent such Claim relates to Agent's or any Lender's gross
negligence or willful misconduct. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Expenses.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Borrowers hereby reconfirm their obligations pursuant to </FONT> <FONT SIZE=2><I>Section&nbsp;11.3</I></FONT><FONT SIZE=2> of the Credit Agreement to pay and
reimburse Agent for all reasonable costs and expenses (including, without limitation, reasonable
fees of counsel) incurred in connection with the negotiation, preparation, execution and delivery of this Amendment and all other documents and instruments delivered in connection herewith. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>10</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
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<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Effectiveness.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Amendment shall become effective as of the date hereof (the
"</FONT><FONT SIZE=2><I>Effective Date</I></FONT><FONT SIZE=2>") only upon satisfaction in full in the judgment of Agent of each of the following conditions: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Amendment.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Agent shall have received six (6)&nbsp;original signature pages to this Amendment, duly
executed and delivered by Agent, Requisite Lenders and each of the Credit Parties. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Payment of Expenses.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Borrowers shall have paid to Agent all costs, fees and expenses owing in connection
with this Amendment and the other Loan Documents and due to Agent (including, without limitation, reasonable legal fees and expenses). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Representations and Warranties.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The representations and warranties of or on behalf of each of the Credit
Parties in this Amendment shall be true and correct on and as of the Effective Date; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, however that the amendment under </FONT> <FONT SIZE=2><I>Section&nbsp;7(e)</I></FONT><FONT SIZE=2> above
shall not be effective at any time if the
agreement by IV Diagnostics thereof would violate the "financial assistance" laws of the United Kingdom or require "white wash procedures" thereunder. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;GOVERNING LAW.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;THIS AMENDMENT SHALL BE GOVERNED BY, AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE
OF NEW YORK. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Counterparts.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Amendment may be executed by the parties hereto on any number of separate counterparts
and all of said counterparts taken together shall be deemed to constitute one and the same instrument. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Consent to Amendment to Schedules to Credit Agreement.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each of the Requisite Lenders hereby consents to the
amendments to the Schedules to the Credit Agreement referred to in </FONT><FONT SIZE=2><I>Section&nbsp;2(e)</I></FONT><FONT SIZE=2> of this Amendment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, this Amendment has been duly executed as of the date first written above. </FONT></P>

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<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><B>BORROWERS</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
WAMPOLE LABORATORIES, LLC.<BR>
INVERNESS MEDICAL (UK) HOLDINGS LIMITED</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ANTHONY J. BERNARDO</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Name:&nbsp;&nbsp;Anthony J. Bernardo<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;Duly Authorized Signatory</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><BR><FONT SIZE=2><B>AGENT AND LENDERS</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
GENERAL ELECTRIC CAPITAL CORPORATION,<BR>
as Agent and Lender</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ILLEGIBLE</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Duly Authorized Signatory</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
MERRILL LYNCH CAPITAL, a division of Merrill Lynch Business Financial Services&nbsp;Inc., as Co-Syndication Agent, Documentation Agent and Lender</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
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<BR>
<P ALIGN="CENTER"><FONT SIZE=2>11</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
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<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><BR><HR NOSHADE><FONT SIZE=2> Duly Authorized Signatory</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
UBS SECURITIES LLC,<BR>
as Co-Syndication Agent</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>DAVID A. JUGE, MANAGING DIRECTOR</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Duly Authorized Signatory</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>OLIVER O TRUMBO, II, DIRECTOR</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Duly Authorized Signatory</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
UBS AG, CAYMAN ISLANDS BRANCH,<BR>
as a Lender</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>WILFRED V. SAINT, DIRECTOR BANKING PRODUCTS SERVICES, US</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Duly Authorized Signatory</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>JOSELIN FERNANDES, ASSOCIATE DIRECTOR BANKING PRODUCTS SERVICES, US</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Duly Authorized Signatory</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2>12</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
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<A NAME="page_kn1946_1_13"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following Persons are signatories to this Amendment in their capacity as Credit Parties and not as Borrowers. </FONT></P>

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<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>INVERNESS MEDICAL INNOVATIONS, INC.<BR>
INVERNESS MEDICAL, INC.<BR>
UNIPATH DIAGNOSTICS, INC.<BR>
UNIPATH ONLINE, INC.<BR>
OSTEX INTERNATIONAL, INC.<BR>
INVERNESS MEDICAL INTERNATIONAL HOLDING CORP.<BR>
INVERNESS MEDICAL INTERNATIONAL HOLDING CORP. II<BR>
UNIPATH LIMITED APPLIED BIOTECH, INC.<BR>
FOREFRONT DIAGNOSTICS, INC.<BR>
MORPHEUS ACQUISITION CORP.<BR>
MORPHEUS ACQUISITION LLC<BR>
INVERNESS MEDICAL CANADA INC.<BR>
MEDICALE INVERNESS CANADA INC.<BR>
INNOVATIONS RESEARCH LLC</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ANTHONY J. BERNARDO</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Name:&nbsp;&nbsp;Anthony J. Bernardo<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;Duly Authorized Signatory</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
ORGENICS INTERNATIONAL HOLDINGS BV<BR>
INVERNESS MEDICAL SWITZERLAND LTD<BR>
LIAB. CO<BR>
UNIPATH DIAGNOSTICS GMBH<BR>
CAMBRIDGE DIAGNOSTICS IRELAND LIMITED<BR>
PREGYMED GMBH<BR>
SCANDINAVIAN MICRO BIODEVICES APS<BR>
SELFCARE TECHNOLOGY, INC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>PAUL T. HEMPEL</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Name:&nbsp;&nbsp;Paul T. Hempel<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;Duly Authorized Signatory<BR></FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="39%"><FONT SIZE=2> MORPHEUS ACQUISITION LLC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
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<BR>
<P ALIGN="CENTER"><FONT SIZE=2>13</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
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<BR>
<P><br><A NAME="04BOS1946_3">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_kl1946_1">EXHIBIT 10.1</A></FONT><BR>
</UL>
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</TEXT>
</DOCUMENT>
