Exhibit 10.5

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EXHIBIT 11

SUMMARY OF OFFICER AND DIRECTOR COMPENSATION

The Employment Agreement in Exhibits 7 & 8 of this report is the only written
contractual compensation arrangement the Company has with any of its directors
and Executive Officers.

During 2017, the Company's Chief Executive and Principal Financial Officers (the
Company's "Named Executive Officers") are scheduled to receive the following
compensation from the Company:
 
Compensation Arrangement
2017 Scheduled Amount
   
Base salary
$  156,000 (CEO); $117,100 (PFO)
401(k) matching contributions
        6,480 (maximum)
Section 125 plan matching contributions (1)
           600 (maximum)
Management bonus
will be determined at year-end
Pet health benefits (1)
           500 (maximum)
Family medical benefits (1)
will depend on future events
Travel expense reimbursement (2)
       30,000 (CEO); 500 (PFO)

 
During 2017, the Company's Directors are scheduled to receive the following
compensation from the Company:

Compensation Arrangement
 
Ernst Hoyer
   
Barbara Payne
   
James Beeson
 
Base
 
$
25,000
   
$
25,000
   
$
25,000
 
Executive Committee
   
4,000
     
-
     
-
 
Audit Committee Chairman
   
3,000
     
-
     
-
 
Travel Expense Reimbursement (2)
   
500
     
700
     
500
 

(1)
  CEO and PFO participate on the same basis as other eligible employees.
   
(2)
 Estimated 2017 travel expenses on behalf of UTMD business.  The Company
reimburses its employees and directors for authorized business expenses.

 

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