**Exhibit          10.50**

**SPECIALIZED          HEALTH PRODUCTS INTERNATIONAL, INC.**

**EXECUTIVE          INCENTIVE BONUS PROGRAM**

**(as          of March 10, 2008)**

|   | 1. | **Introduction.**                    The Executive Incentive Bonus Program (the “Plan”) is designed to reward                    Executives of Specialized Health Products International, Inc.                    (the                    “Company”) for their contributions to the successful achievement of                    certain corporate goals and objectives and to share the success                    (and                    risks) of the business with them. The Plan is designed to meet                    these key                    objectives: (i) reward achievement of significant company objectives;                    (ii)                    align employee, Company, and shareholder interests; and (iii)                    insure                    Company executives remain with the                    Company. |
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|   | 2. | **Participants.**Jeffrey                    Soinski, David Green, Donald Solomon, Paul Evans and Rebecca                    Whitney. |
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|   | 3. | **Establishment                    of Bonus Pool.**                    The Company shall establish a bonus pool for allocation and distribution                    to eligible participants in the Plan (the “Bonus Pool”). The Bonus Pool                    for purposes of this Plan shall be determined by the Compensation                    Committee, in its sole discretion; provided, however, that such                    Bonus Pool                    shall not exceed One Million Dollars ($1,000,000). The Compensation                    Committee may designate that the Bonus Pool shall be funded by                    proceeds                    from a Change in Control (as defined                    below). |
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|   | 4. | **Change                    in Control.**For                    purposes of this Plan, “Change in Control” shall mean: |
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|   | (a) | the                    acquisition by a person (or persons acting as a group) of stock,                    which                    together with stock already held by such person, constitutes                    more than                    50%** **of                    the total voting power of the                    Company; |
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|   | (b) | the                    sale or disposition by the Company of all or substantially all                    of the                    Company’s assets (for this purpose being defined as assets (including                    any                    claims or causes of action of the Company) that have a total                    gross fair                    market value equal to or greater than 80%** **of                    the total gross fair market value of all of the Company’s assets), other                    than a sale or disposition by the Company of all or substantially                    all of                    the Company’s assets to an entity, at least 50% of the combined voting                    power of the voting securities of which are owned by individuals                    who were                    stockholders of the Company immediately prior to such                    sale. |
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|   | (c) | the                    consummation of a merger or consolidation of the Company with                    any other                    business entity, other than a merger or consolidation which would                    result                    in the voting securities of the Company outstanding immediately                    prior to                    such merger or consolidation continuing to represent (either                    by remaining                    outstanding or by being converted into voting securities of the                    surviving                    entity or any parent thereof), at least 50% of the combined voting                    power                    of the securities of the Company or such surviving entity or                    any parent                    thereof outstanding immediately after such merger or consolidation,                    or |
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|   | (d) | notwithstanding                    the foregoing, to the extent that paragraphs (i), (ii) or (iii)                    above                    would result in a Change in Control which would not satisfy the                    regulatory                    requirements for a “change in ownership or effective control” in Treasury                    regulations promulgated pursuant to section 409A of the Internal                    Revenue                    Code, such paragraphs shall be construed and applied in a manner                    consistent with such regulatory                    definition. |
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|   | 5. | **Allocation                    of Bonus Awards.**The                    allocation of bonus awards from the Bonus Pool among eligible                    participants                    shall be determined by the Compensation Committee in its sole                    discretion.                    Bonus awards need not be the same with respect to different participants.                    The Compensation Committee’s decision to grant a bonus to a participant                    shall not require the Compensation Committee to approve similar                    awards at                    all to such persons for any future date or to any other participant                    or                    other person. The Company and the Compensation Committee shall                    not have                    any obligation for uniformity of treatment of any person, including                    but                    not limited to, participants and their legal representatives                    and                    beneficiaries and employees of the                    Company. |
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|   | 6. | **Qualification                    for Bonus Allocation.**                    Except as described in (a) and (b) below, a participant must                    remain in                    employment with the Company at least until immediately prior                    to a Change                    in Control in order to receive such distribution. |
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|   | 7. | **Termination                    without Cause.**                    Notwithstanding the foregoing, if a participant is terminated                    from                    employment by the Company without Cause prior to a Change in                    Control, the                    Compensation Committee may, in its sole discretion, allocate                    a bonus award                    to such participant in accordance with Section 7 of this Plan.                    For                    purposes of this Plan, “Cause” shall                    mean: |
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|   | (a) | Willful                    failure to perform the duties of his or her position to the Company’s                    satisfaction, following notice of such failure from the Company                    and a                    reasonable opportunity to cure; |
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|   | (b) | Willful                    and gross misconduct; |
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|   | (c) | Conviction                    of or guilty plea to any felony or conviction of or a guilty                    plea to a                    misdemeanor involving theft, fraud, embezzlement or other injury                    to the                    Company, its property or employees or customers;                    or |
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|   | (d) | Willful                    and material failure to comply with the Company’s Code of                    Conduct. |
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|   | 8. | **Death,                    Retirement or Disability.**                    Notwithstanding the foregoing, if, within six months prior to the                    occurrence of a Change in Control, a participant terminates employment                    with the Company by reason of death, Retirement or Disability,                    the                    Compensation Committee may, in its sole discretion, allocate                    a bonus award                    to such participant in accordance with Section 7 of this Plan.                    “Disability” shall mean a medically determinable physical or mental                    impairment which: (i) renders the individual incapable of performing                    any                    substantial gainful employment, (ii) can be expected to be of                    long                    continued and indefinite duration or result in death, and (iii)                    is                    evidenced by a certification to this effect by a doctor of medicine                    approved by the Compensation Committee. “Retirement” shall mean                    termination of a participant’s employment with the Company which occurs on                    or after age 60. |
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|   | 9. | **Payment                    of Bonus Awards.**Bonus                    awards will be paid upon, or within five days following, a Change                    in                    Control. |
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|   | 10. | **Administration.** |
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|   | (a) | *Appointment                    and Tenure*.                    The Compensation Committee of the Company’s Board of Directors shall be                    the plan administrator, unless the Board of Directors appoints                    a different                    plan administrator. |
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|   | (b) | *Delegation.*The                    plan administrator may delegate to any person or persons the                    authority to                    sign any documents on its behalf, or to perform any act(s) within                    its                    authority as set forth in Section                    8(c). |
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|   | (c) | *Authority                    of Compensation Committee.*The                    Compensation Committee has the full discretionary authority to                    administer                    the Plan in all its details, to perform the duties assigned to                    it by the                    Company, and to perform any act(s) necessary to carry out such                    duties                    including, but not limited to, the                    following: |
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|   | (i) | To                    maintain and preserve records relating to Participants and former                    Participants; |
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|   | (ii) | To                    prepare and furnish to participants all information required                    under                    applicable law or the provisions of this                    Plan; |
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|   | (iii) | To                    maintain sufficient data and make required payments of                    benefits; |
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|   | (iv) | To                    engage consultants, including legal, investment and actuarial                    advisors,                    and rely on their recommendations;                    and |
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|   | (v) | To                    determine all claims for benefits under the Plan, and to provide                    procedures for determination of claims for benefits. In so doing,                    the                    Compensation Committee will have the complete discretion and                    authority to                    make, amend, interpret and enforce all appropriate rules and                    regulations                    for the administration of the Plan and to decide or resolve any                    and all                    questions, including interpretations of the Plan, as may arise                    in such                    administration. |
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|   | (d) | *Authority                    to Interpret the Plan.*The                    Compensation Committee has the sole authority, duty and power                    (i) to                    construe and interpret the terms and provisions of the Plan,                    (ii) to make                    determinations regarding eligibility and benefits and (iii) to                    decide                    disputes which may arise in connection with the rights of participants,                    in                    each case in the sole exercise of his, her, its or their discretion.                    All                    decision made by the Compensation Committee will be final, conclusive                    and                    binding on all interested parties. |
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|   | (e) | *Plan                    Document Prevails*.                    If any form, instrument or other document used in administrating                    this Plan                    conflicts with the terms of the Plan, the terms of the Plan will                    in each                    case prevail. |
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|   | (f) | *Construction                    of the Plan*.                    The Compensation Committee will resolve all questions arising                    in the                    administration, interpretation and application of the Plan. The                    Compensation Committee will correct any defect, reconcile any                    inconsistency, or supply any omission with respect to the Plan.                    All                    decisions or actions of the Compensation Committee in respect                    to any                    question arising out of the administration, interpretation and                    application                    of the Plan and the rules and regulations promulgated hereunder                    will be                    final and conclusive and binding upon all persons having any                    interest in                    the Plan. |
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|   | (g) | *Plan                    Expenses*.                    The Company will pay all expenses incurred by the Company and                    the                    Compensation Committee in connection with the establishment,                    maintenance                    or termination of the Plan. |
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|   | (h) | *Right                    to Suspend Benefits and Correct Errors*.* *                    The Compensation Committee will take such steps as are considered                    necessary and appropriate to remedy any inequity that results                    from                    incorrect information received or communicated in good faith                    or as the                    consequence of an administrative error. The Compensation Committee                    may                    suspend the payment until satisfied as to the correctness of                    the payment                    or the person to receive the payment or to allow filing in any                    court of                    competent jurisdiction of a suit in such form as the Compensation                    Committee considers appropriate for a legal determination of                    the benefits                    to be paid and the persons to receive them. The Compensation                    Committee                    specifically reserves the right to correct errors of every sort.                    The                    objective of any such method of error correction will be, to                    the extent                    reasonably possible, to adjust the account of the participant                    by reversing                    transactions or taking other actions to approach the situation                    that would                    have existed if the error had not been made. The Compensation                    Committee is                    also authorized to recover any payment made in error including                    the right                    to make deductions from future                    benefits. |
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| 11. | **Amendment,                    Termination and Suspension** |
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|   | (a) | *Amendment*.                    This Company’s Board of Directors may amend the Plan, except that no                    amendment may deprive any participant or beneficiary of any right                    or                    benefit to which he or she is entitled immediately prior to the                    effective                    date of such amendment. |
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|   | (b) | *Termination.*                    The Company’s Board of Directors may, by appropriate action, terminate                    this Plan. No such termination will deprive a participant or                    beneficiary                    of any benefits to which the participant is entitled under this                    Plan                    immediately prior to the effective date of such termination*.* |
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| 12. | **Miscellaneous                    Provisions** |
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|   | (a) | *Non-alienation                    of Benefits*.                    No participant or beneficiary has the right to alienate, anticipate,                    commute, pledge, encumber or assign any of the benefits or payments                    under                    this Plan. The rights of the participant under this Plan will                    not be                    subject to the rights of creditors of the participant and will                    be exempt                    from execution, attachment, prior assignment, or any other judicial                    relief                    or order for the benefit of any creditors or other third persons                    having                    claims against the participant. |
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|   | (b) | *No                    Contract of Employment*.                    Neither the establishment of the Plan, nor the participation                    in the Plan,                    will be construed as giving any participant the right to be retained                    in                    the service of the Company. |
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|   | (c) | *Severability                    of Provisions*.                    If any provision of this Plan is determined to be invalid or                    unenforceable, such invalidity or unenforceability will not affect                    any                    other Plan provision, and the Plan will be construed and enforced                    as if                    the invalid or unenforceable provisions had not been                    included. |
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|   | (d) | *Headings                    and Captions*.* *The                    headings and captions in this Plan are provided for reference                    and                    convenience only. They are not to be considered part of the Plan,                    and they                    may not be employed in the construction or interpretation of                    the                    Plan. |
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|   | (e) | *Controlling                    Law*.                    This Plan will be governed by and construed and enforced in accordance                    with the laws of the State of Utah.* * |
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|   | (f) | *Tax                    Consequences*.                    The Company does not represent or guaranty that any particular                    Federal or                    State income, estate, payroll, personal property or other tax                    will occur                    because of the participant’s participation in this Plan. The participant                    will be responsible to obtain appropriate advice regarding all                    questions                    relating to Federal, State or local income, estate, payroll,                    personal                    property or other tax consequences arising from participation                    in this                    Plan. |
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|   | (g) | *Withholding;                    Payroll Taxes*.                    The Company will withhold from payments or benefits hereunder                    any taxes                    required to be withheld from such payments under local, state                    or federal                    law. |
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|   | (h) | *Entire                    Agreement*.                    This                    Plan and properly adopted amendments to the Plan will govern                    the provision                    of payments pursuant to this Plan. No other instrument, communication                    statement of any sort may modify this Plan in any                    way. |
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**IN          WITNESS WHEREOF**

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|         | Specialized                    Health Products International, Inc. |
|    |                                                          |                              |
|              | By:                                                      | /s/                  Jeffrey M. Soinsk |
|         | Jeffrey                  M. Soinski                                |
|         | Its:                    Chief Executive Officer                    |

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