Exhibit 10.3

Summary of principal terms of Retention Agreement between Pure World, Inc. and
Sue Ann Merrill

Retention Agreement

In January 2005, Pure World entered into an oral retention agreement with Sue
Ann Merrill, Pure World's Chief Financial Officer. Under the agreement, Ms.
Merrill was entitled to a retention bonus of $35,000 if she remained as Pure
World's Chief Financial Officer through April 30, 2005, and an additional
payment of $15,000 if Pure World was acquired by a third party. The agreement
was subsequently amended in May 2005, to provide that Ms. Merrill would receive
an additional retention bonus of $35,000 if she remained as Chief Financial
Officer through June 30, 2005, and Ms. Merrill agreed to remain as Chief
Financial Officer after June 30, 2005 if requested by Pure World.