Hairmax International Inc.
      Letter of Resignation from Director Alisha M. Roth, November 2, 2004


November  2,  2004

Mr.  Edward  A.  Roth
President  and  Chief  Executive  Officer
Hairmax  International,  Inc.

Dear  Edward:

In  order  for  the  company  to remain in compliance, as a Business Development
Company,  which  must  consist  of  a  majority  of  Independent Directors, I am
regretfully  tendering  my  resignation  from  the Board of Directors of Hairmax
International,  I fully expect to continue my position as Vice-President for the
company,  effective  with  this  letter.

Thank  you  for  the  opportunity to serve on the Board and I intend to continue
present  efforts  in  my  position.

Sincerely

By:  /s/  Alisha  M.  Roth
     ---------------------
     Alisha  M.  Roth



                           Hairmax International Inc.
    Letter of Resignation from Director Michael Bongiovanni, November 2, 2004


November  2,  2004

Mr.  Edward  A.  Roth
President  and  Chief  Executive  Officer
Hairmax  International,  Inc.

Dear  Edward:

In  order  for  the  company  to remain in compliance, as a Business Development
Company,  which  must  consist  of  a  majority  of  Independent Directors, I am
regretfully  tendering  my  resignation  from  the Board of Directors of Hairmax
International, I fully expect to continue my position as Chief Financial Officer
for  the  company,  effective  with  this  letter.

Thank  you  for  the  opportunity to serve on the Board and I intend to continue
present  efforts  in  my  position.

Sincerely

By:  /s/  Michael  Bongiovanni
     -------------------------
     Michael  Bongiovanni