Document:

PROMISSORY NOTE

 

$200,000  July 8, 2016

New York, New York

 

For
good and valuable consideration, the receipt of which is hereby acknowledged, Event Cardio Group Inc., a Nevada corporation (the
“Company”), promises to pay to the order of Joseph Hashim or his assigns (collectively, the “Holder”),
the principal sum of Two Hundred Thousand Dollars ($200,000.00) on July 8, 2017 or, if earlier, (ii) when, upon or after the occurrence
of an Event of Default (as defined below), such amount is declared due and payable by the Holder or made automatically due and
payable in accordance with the terms hereof (the “Maturity Date”).

 

This Note may be
prepaid in whole or in part at any time.

 

This Note is issued
pursuant to that certain Stock Purchase Agreement, dated as of June 30, 2016 (the “Stock Purchase Agreement”), entered
into between the Company and the Holder.

 

The following is
a statement of rights of the Holder and the conditions to which this Note is subject, and to which the Holder, by acceptance of
this Note, agrees:

 

1.Events of Default.
If any of the events specified in this Section shall occur (herein individually referred to as an “Event of Default”),
the Holder may, so long as such condition exists, in addition to any other right, power or remedy granted to the Holder under
this Note, the Stock Purchase Agreement, or applicable law, either by suit in equity or by action at law, or both, declare the
entire principal amount and all other amounts immediately due and payable, without presentment, demand or notice of any kind,
all of which are expressly waived, provided, however, that upon the occurrence of any Event of Default described in Section
1(c) or 1(d) hereof, the entire principal amount and all other amounts shall automatically become due and payable:

 

(a) Payment of the
principal of this Note shall be delinquent for a period of five days or more after the due date thereof;

 

(b) If the Company
shall fail to observe any covenant or other provision contained in this Note (other than with respect to payment), the Stock Purchase
Agreement and such failure of observance shall be continuing for 10 days after the Holder has given written notice thereof;

 

(c) The institution
by the Company of proceedings to be adjudicated as bankrupt or insolvent, or the consent by it to institution of bankruptcy or
insolvency proceedings against it or the filing by it of a petition or answer or consent seeking reorganization or release under
the federal Bankruptcy Act, or any other applicable federal or state law, or the consent by it to the filing of any such petition
or the appointment of a receiver, liquidator, assignee, trustee or other similar official of the Company, or of any substantial
part of its property, or the making by it of an assignment for the benefit of creditors, or the taking of corporate action by
the Company in furtherance of any such action; or

 

(d) If, within 45
days after the commencement of an action against the Company (and service of process in connection therewith on the Company) seeking
any bankruptcy, insolvency, reorganization, liquidation, dissolution or similar relief under any present or future statute, law
or regulation, such action shall not have been resolved in favor of the Company or all orders or proceedings thereunder affecting
the operations or the business of the Company stayed, or if the stay of any such order or proceeding shall thereafter be set aside,
or if there is appointed without the consent or acquiescence of the Company of any trustee, receiver or liquidator of the Company
or of all or any substantial part of the properties of the Company, such appointment shall not have been vacated.

 

2.Miscellaneous.

 

(a)Waiver
and Amendment. The rights and remedies herein reserved to any party shall be cumulative and in addition to any other or further
rights and remedies available at law or in equity. The waiver by any party hereto of any breach of any provision of this Note
shall not be deemed to be a waiver of the breach of any other provision or any subsequent breach of the same provision. This Note
and its terms may be changed, waived or amended only by the written consent of the Company and the Holder.

 

    	 	

	 

    	 

    

(b)Governing
Law. This Note shall be governed by and construed in accordance with the law of the State of New York without regard to conflict
of law provisions. Any legal suit, action or proceeding arising out of or based upon this Note shall be instituted in the United
States District Court for the Southern District of New York or the state courts of New York located in New York County. The aforementioned
choice of venue is intended to be mandatory and not permissive in nature, thereby precluding the possibility of litigation arising
out of this Note in any jurisdiction other than that specified in this Section. The Holder and the Company each waive, to the
fullest extent permitted by applicable law, any right it may have to assert the doctrine of forum non conveniens or similar doctrine
or to object to venue with respect to any proceeding brought in accordance with this Section, and stipulates that the United States
District Court for the Southern District of New York and the state courts of New York located in New York County, shall have in
personam jurisdiction and venue over them for the purpose of litigation any dispute, controversy or proceeding arising out of
or related to this Note.

 

(c)Waiver of Presentment, Demand,
Etc. To the fullest extent permitted by applicable law, the Company expressly waives presentment, demand, protest, notice
of dishonor, notice of non-payment, notice of maturity, notice of protest, presentment for the purpose of accelerating maturity
of the obligations under this Note, diligence in collection, and the benefit of any exemption or insolvency laws.

 

(d)Notices.
All notices, requests, demands or other communications which are required to be or may be given or permitted hereunder shall be
in writing and shall be deemed to have been duly given when delivered in person or after dispatch by a recognized overnight courier
to the appropriate party to whom the same is so given or made:

 

To Holder at: 

c/o Levin & Gann, P.A.

502 Washington Avenue, Suite 800

Towson, Maryland 21204

Attn: Randolph C. Knepper, Esq.

 

 

To the Company at:Event Cardio
Group Inc.

7694
Colony Palm Drive

Boynton
Beach, Florida 33436

Attn:
John Bentivoglio, President and CEO

 

with a copy to:

 

Eaton & Van Winkle LLP

3 Park Avenue, 16th floor

New York, NY 10016

Attn: Vincent J. McGill, Esq.

or to such other address as a party has designated by notice
in writing to the other party in the manner provided by this Section. All such notices, requests, demands or other communications
shall be deemed to have been received on the date of delivery thereof (if delivered by hand) and on the next day after sending
thereof (if by overnight courier).

 

    	 	

	 

    	 

    

(e)Costs of
Collection.The Company shall reimburse Holder for reasonable attorneys’ fees and expenses incurred in connection
with enforcing any provisions of this Note and/or collecting any amounts due under this Note.

 

(f)Right of Set-Off.
Company shall have the no to set-off for claims against Holder arising out the Stock Purchase Agreement.

 

(g) Successors
and Assigns. All of the terms and provisions of this Note shall be binding upon and inure to the benefit of the parties hereto
and their respective successors, heirs and permitted assigns.

 

(h)Severability.
In case any provision contained herein (or part thereof) shall for any reason be held to be invalid, illegal, or unenforceable
in any respect, such invalidity, illegality, or other unenforceability shall not affect any other provision (or the remaining
part of the affected provision) hereof; but this Note shall be construed as if such invalid, illegal, or unenforceable provision
(or part thereof) had never been contained herein, but only to the extent that such provision is invalid, illegal, or unenforceable.

 

(i)Headings.
The section headings contained in this Note are intended solely for convenience of reference and do not themselves constitute
a part of this Note.

 

IN WITNESS WHEREOF, the Company has
caused this Note to be duly executed and issued as of the date first written above.

 

EVENT CARDIO GROUP INC.

 

By: /s/ John Bentivoglio

 John Bentivoglio

President and CEOEMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT (this “Agreement”),
dated as of July 8, 2016 (the “Commencement Date”), by and among Ambumed, Inc., a Maryland corporation d/b/a/ National
Cardiac Monitoring Center (the “Company”), having an address at P O Box 307, Glenelg, Maryland 21737, Event Cardio
Group Inc., a Nevada corporation, having its principal office at 7694 Colony Palm Drive, Boynton Beach Florida 33436 (the “Parent”),
and Joseph K. Hashim, residing at 21 Fairview Ave. apt 224, Tuckahoe, NY 10707 (the “Executive”).

Preliminary
Statement

The Company
is in the cardiac monitoring and related services business and was recently acquired by the Parent. Prior to the acquisition,
the Executive was the Vice President of the Company.

The Company
desires to employ the Executive as its Chief Operating Officer, and Executive desires to be so employed, upon and subject to the
terms and conditions of this Agreement.

NOW THEREFORE,
in consideration of the mutual promises and covenants contained herein, the parties agree as follows:

1. Employment.
The Company hereby employs Executive as its Chief Operating Officer and Executive hereby accepts such employment, upon and subject
to the terms and conditions in this Agreement. Executive shall be based in the Company’s office in or proximate to Glenelg,
Maryland or at such other place as the parties may hereafter mutually agree, although Executive recognizes that domestic and international
travel will be necessary in connection with the proper discharge of his duties.

2. Term.
This Agreement shall have term of approximately four years, commencing as of the Commencement Date and, subject to the termination
provisions of this Agreement shall terminate on July 31, 2020. The actual period during which Executive is employed by the Company
is referred to as the “Employment Period.”

3. Duties.
Initially, Executive shall serve as the Chief Operating Officer of the Company. In such capacity Executive shall render such services
and perform such duties for the Company and its affiliates as are consistent with Executive’s position or as the Chairman
of the Company shall from time to time direct or request. Executive shall devote Executive’s full business time, energy
and skill to Executive’s employment hereunder and agrees to serve the Company faithfully, diligently and to the best of
Executive’s ability. Executive shall report to the Chairman of the Company or such other officer(s) as may be designated
from time to time for such purpose by the Chairman.

4. Compensation.

In consideration of the services to be rendered by Executive hereunder, Executive
shall receive the following

    	 	

	 

    	 

    

(a) Salary.
The Company shall pay Executive a base salary initially at the rate of One Hundred Fifty Thousand Dollars ($150,000) per year,
payable in substantially equal bi-weekly or other installments in accordance with the Company’s standard payroll practices
from time to time in effect. Executive’s base salary shall be increased to Two Hundred Thousand Dollars ($200,000) per year
on the first anniversary of the Commencement Date and to Two Hundred Fifty Thousand Dollars ($250,000) per year commencing on
the second anniversary of the Commencement Date.

(b) Bonus.
The The Executive shall be eligible to receive an annual bonus commencing in the second year of his employment hereunder in accordance
with performance criteria which may be established by the Board of Directors in its sole and absolute discretion from time to
time. The amount and criteria for a performance bonus for the second year of employment will be determined by the Board of the
Company in consultation with the Executive in accordance with the methodology set forth on Exhibit A.

(c)Equity.
Promptly after the Commencement Date the Parent shall issue to the Executive (i) 3,000,000 restricted shares of its common stock
registered in the name of the Executive or his nominee(s) and grant the Executive an option (the “Option”) to purchase
an additional 1,000,000 restricted shares of the Parent’s common stock at an exercise price of $0.15 per share, which Option
may be exercised in whole or in part from time to time, during the period commencing August 1, 2016 and ending on July 31, 2020.
The terms and conditions of the Option shall be as set forth in the Option Agreement annexed hereto as Exhibit B.

(d) Employee
Benefit Plans; Health Insurance; Expense Allowance.

(i)Employee
Benefit Plans. Subject to meeting standard eligibility requirements, Executive shall be eligible to participate, in accordance
with the terms thereof, in any employee health, hospitalization or medical insurance plan, life insurance or disability insurance
plan or any 401(k), pension or other similar plans, that may be established and maintained by the Company for the general benefit
of its senior executives. The Plans currently maintained by the Company are set forth on Exhibit C. The foregoing shall not be
construed to require the Company to establish or maintain any plans, or to prevent the Company from modifying or terminating any
plan once established, provided that the Company shall provide Executive with health insurance.

(ii)Expenses.
The Company shall reimburse Executive for Executive’s reasonable business expenses incurred in performing his duties hereunder,
subject to and in accordance with applicable expense reimbursement policies of the Company.

(e) Vacation.
Executive shall be entitled to take up to an aggregate of three (3) weeks (i.e., fifteen (15) business days) of vacation
each contract year (or a pro rata number of vacation days in respect of any partial contract year during the term hereof), which
shall be scheduled so as to minimize interference with the business of the Company. Unused vacation may not accumulate from year
to year, and any vacation time not used by the end of any year shall not require any additional payment to Executive.

5. Deductions and Withholdings. All payments and compensation to
Executive pursuant to this Agreement shall be subject to such deductions and withholdings as the Company determines are required
or appropriate under applicable law.

    	 	
2
	 

    	 

    

6. Representations.
Executive represents and warrants that Executive is not a party to any agreement, contract or understanding, whether of employment
or otherwise, and whether written or oral, express or implied, with any party, which could be deemed, in whole or in part, to
be inconsistent with or to conflict with, or could in any way restrict or prohibit Executive from performing Executive’s
obligations under this Agreement.

7. Confidential
Information. To enable Executive to successfully perform the duties associated with Executive’s employment hereunder,
it is necessary to entrust Executive with certain valuable proprietary information of the Company which is essential to the profitable
operation of the Company and which gives the Company a competitive advantage over other firms pursuing related business activities.
Executive acknowledges that all non-public information, including, but not limited to, financial information, business and strategic
plans, product information, scientific, medical and academic consultants and relationships, know-how, trade secrets, market reports,
Company documents and other materials relating to the business, services and activities of the Company, supplier and vendor lists,
and other information regarding the Company’s licensors, suppliers, vendors, manufacturers, clients, consultants, agents
and customers or regarding any agreements with any of the foregoing, and other confidential and proprietary information, whether
written, oral, electronically encoded or otherwise, to which Executive gains access by reason of Executive’s employment
by the Company or owned, used or possessed by the Company or its affiliates (collectively, “Confidential Information”),
is and shall remain the sole property of the Company (or such affiliates) and constitutes a valuable, special and
unique asset of the Company’s (or such affiliates’) business. Given the value of this Confidential Information, Executive
agrees, as a condition of Executive’s employment, that, except in the course of properly performing his duties on behalf
of the Company, Executive shall not, at any time during or after the period of Executive’s employment with the Company,
without the prior written consent of the Company by its Chairman, disclose any such Confidential Information to any third party
for any reason or purpose whatsoever, and Executive further agrees to immediately return to the Company all Confidential Information
(inclusive of any and all copies) upon the termination of Executive’s employment or earlier upon the request of the Company.
In addition, Executive shall not make use of any such Confidential Information for Executive’s own purposes or for the benefit
of any third party under any circumstances, during or after the period of Executive’s employment with the Company; provided,
however, that, during and after such term of employment, these restrictions shall not apply to such Confidential Information
which is then in the public domain (provided that Executive was not responsible, directly or indirectly, for the fact that such
secrets or information have entered the public domain without the Company’s consent). Executive further agrees to disclose
immediately to the Company any and all Confidential Information conceived, discovered, introduced or developed in whole or in
part by Executive at any time while employed by the Company, and hereby assigns to the Company all of Executive’s right,
title and interest in and to same, and Executive agrees to execute, acknowledge and deliver any instruments or documents and to
do all other things reasonably requested by the Company (both during and after Executive's employment with the Company) in order
to completely vest in the Company all ownership rights in the same.

8. Restrictive
Covenant; Non-Competition; Non-Solicitation.

(a) Executive
acknowledges and recognizes the highly competitive nature of the Company’s business and the investment to be made by the
Company in the activities of Executive, and that as a senior officer of Company Executive shall have access to Confidential Information.
Executive further acknowledges that as a result of the education, training, employment and promotion and access to Confidential
Information that Executive shall receive from the Company pursuant to this Agreement, Executive may receive offers of employment
from or by others engaging in or wishing to engage in activities reasonably similar to activities performed by Executive for the
Company. Executive accordingly agrees that Executive shall not, directly or indirectly, without the prior written consent of the
Company by its Chairman:

    	 	
3
	 

    	 

    

(i)while employed
by the Company and for a period one (1) year after expiration or termination of Executive’s employment for any reason
(whether voluntary or involuntary), own, manage, operate, join, control or become employed or engaged by, or render any services
of an advisory nature or otherwise to, or participate in the ownership, management, operation or control of, or otherwise engage
in, have any interest in or be connected in any manner with (except solely for the ownership by Executive of not more than three
percent (3%) of the voting capital stock of a publicly-held corporation) any person, business or activity which, directly or indirectly,
engages in a Competitive Business within the United States and its territories, Canada or anywhere else in the world. As used
herein in, a “Competitive Business” is a business which provides cardiac monitoring and related services to hospitals,
physicians, patients and third party providers. Executive shall be bound by the provisions of this Section 8(a) (i) after the
termination of his engagement if the Company shall pay to him the sum of $5,000 per month in approximately equal increments on
the Company’s regular payroll dates.

(ii)while employed
by the Company and for a period of one (1) year after expiration or termination of Executive’s employment for any reason
(whether voluntary or involuntary), solicit, entice or induce any Customer (as defined below) of the Company to cease or limit
its business with the Company, or to become a licensor, customer, supplier, vendor or client of any other person (including, without
limitation, Executive, individually) or entity engaged in any activity or business competitive with the Company, and Executive
shall not cause, assist or facilitate any person or entity in taking any such prohibited action; or

(iii)while
employed by the Company and for a period of one (1) years after expiration or termination of Executive’s employment for
any reason (whether voluntary or involuntary), solicit, attempt to solicit or entice away from the Company’s employment,
or employ, retain or engage any employee of the Company, or former Company employee who was employed by the Company at any time
during the then prior six months, or disrupt or interfere with, or attempt to disrupt or interfere with, the Company’s relationship
with any such person, and Executive shall not cause, assist or facilitate any person or entity in taking any such prohibited action.

(b) For purposes
of this Agreement, a “Customer” of the Company shall mean any person or entity, who or which is, or was at any time
within the prior one year period, a licensor or purchaser, manufacturer or supplier of goods or services (or prospective licensor,
purchaser, manufacturer or supplier), to or from the Company, as the case may be.

9. Certain
Remedies. Executive agrees that any breach by Executive of Section 7 or 8 of  this Agreement will cause
irreparable damage to the Company and that in the event of any such breach or threatened breach, the Company shall have, in addition
to any and all remedies of law, the right to seek an injunction, specific performance or other equitable relief to prevent the
violation of Executive’s obligations thereunder without any obligation to post any bond or other form of security in connection
therewith; provided, however, that nothing herein contained shall be construed as prohibiting the Company from pursuing
any other remedy available for such breach or threatened breach.

    	 	
4
	 

    	 

    

10. Termination_by
the Company Without Cause. (a) Notwithstanding anything in this Agreement to the contrary, this Agreement and Executive’s
employment hereunder may be terminated by the Company at any time upon at least thirty (30) days’ prior written notice to
Executive. In the event of any such termination by the Company “without cause,” the Company shall thereafter owe to
the Executive, as severance a sum equal to the amount of salary and bonus to which he is entitled hereunder for the remainder
of the Employment Period had his employment not been so terminated by the Company. The aforesaid amounts (other than bonus) shall
be payable to Executive in substantially equal and successive bi-weekly or other installments over the remainder of the Employment
Period but for such termination by the Company, all of which shall be paid on or about the same dates on which payments of salary
are generally made to employees of the Company. Payment of the bonus, if any, payable to the Executive shall be payable when otherwise
payable in accordance with the terms of this Agreement or as otherwise provided in any agreement or document granting such bonus.

(b) Termination
by the Company For Cause. This Agreement may be terminated immediately by the Company (by notice to Executive) for cause (as
hereinafter defined). For purposes of this Agreement, “cause” shall mean:

(i)the breach
by Executive, in any material respect, of this Agreement, for example, the intentional use or disclosure of the Confidential Information
of the Company in an attempt to personally benefit therefrom or the breach of the provisions of Section 8 hereof in an effort
to achieve personal gain, and the repeated refusal or other failure by Executive after written notice to perform any of Executive’s
material duties hereunder other than a failure to perform resulting from death or physical or mental disability) and failure by
Executive to cure such breach within ten (10) days of written notice thereof from the Company, provided that Executive need not
be given the opportunity to cure if there have been repeated failure’s to perform his duties hereunder;

(ii)the commission
by Executive of any act of dishonesty, fraud, intentional material misrepresentation or moral turpitude in connection with his
employment, including, but not limited to, misappropriation or embezzlement of any funds of the Company or any of its affiliates;

(iii)the commission
by Executive of any (1) willful misconduct, or (2) intentional act having the effect of injuring the reputation, business or business
relationships of the Company or any of its affiliates, and which intentional act would not reasonably be deemed to be in the best
interests of the Company;

(iv)the indictment
of Executive for a crime (other than a routine traffic offense) which carries a potential penalty of imprisonment for more than
ninety (90) days and/or a fine in excess of Ten Thousand Dollars ($10,000);

(v)Executive’s
abuse of alcohol, prescription drugs or controlled substances in a manner which repeatedly negatively impacts his performance
on behalf of the Company;

(vi)Executive’s
deliberate disregard of any material rule or policy of the Company, such as the sexual harassment or physical abuse of an employee
of the Company, and failure to cure the same within ten (10) days of written notice thereof from the Company; or

    	 	
5
	 

    	 

    

(vii)excessive
absenteeism of Executive other than for reasons of illness, after written notice from the Company with respect thereto.

Upon termination
for cause Executive shall not be entitled to compensation other than accrued salary and unreimbursed expenses, provided that termination
for cause shall not result in the forfeiture of the option to purchase 1,000,000 shares of the Parent’s common stock unless
such termination is for a breach of clauses (i), (ii) and (vi) of this Section 10(b).

(c) Termination
Due to Death or Disability. This Agreement shall terminate automatically upon the occurrence of Executive’s death. In
addition, the Company shall have the right, at any time after Executive shall have become disabled, to terminate this Agreement
immediately. For purposes of this Agreement, Executive shall be deemed to have become “disabled” when, by reason of
physical or mental illness, incapacity or disability, Executive shall fail to perform Executive’s duties hereunder for one
continuous period of thirty (30) days or more, or shorter periods aggregating sixty (60) days or more, within any period of twelve
(12) consecutive months; provided, however, that any days of disability separated by ten (10) or fewer days shall
be considered continuous. If this Agreement is terminated due to Executive’s death or disability his estate or Executive,
as the case may be, shall be paid one-quarter of the salary which would otherwise have been paid to Executive over the remaining
term of this Agreement, such amounts to be paid periodically in accordance with the Company’s regular payroll practices.

(d) Termination
by Executive for Good Reason. This Agreement and Executive’s employment hereunder may be terminated at any time by Executive
for “Good Reason.” For purposes of this Agreement, Good Reason shall mean (i) a material diminution in Executive’s
title, duties or responsibilities, or the assignment to Executive of duties that, taken as a whole, are materially inconsistent
with the scope of duties and responsibilities associated with the position of President and Chief Executive Officer, or (ii) the
breach by the Company, in any material respect, of this Agreement, and failure by the Company to cure the same within ten (10)
days of written notice thereof from Executive. In the event of a termination of this Agreement by Executive for Good Reason, Executive
shall be paid as severance the same amounts and benefits as those to which he would have been entitled pursuant to the provisions
of Section 10(a) in the case of a termination of this Agreement by the Company without cause.

11. Obligations
of Company Upon Termination. Upon the expiration or termination of this Agreement for any reason, the Company shall be under
no further obligation to Executive except to pay Executive any salary owing to Executive under Section 4(a) for services
rendered up to last day of the Employment Period (the “Termination Date”), any reimbursement due for expenses properly
incurred by Executive up to and including the Termination Date and any amount specifically provided for in Section 10. As a condition
to the receipt of any amounts due Executive upon termination of this Agreement, Executive shall deliver to the Company a General
Release in form and substance satisfactory to the Company.

12. Miscellaneous.

(a) Notices.
All notices, requests, demands and other communications hereunder shall be in writing and shall be either personally delivered,
sent by prepaid, receipted, express overnight courier service (such as FedEx), or sent by certified mail, return receipt requested,
postage prepaid, addressed to the party to whom or which notice is to be given at the address set forth for such party at the
beginning of this Agreement, or to such other address as such party may have fixed by notice given in accordance with this paragraph.
Copies of any and all notices to the Company hereunder shall be sent by any permitted means of giving notice hereunder to Vincent
J. McGill, Esq., Eaton & Van Winkle, 3 Park Avenue, New York, New York 10016 (or to such other address as the applicable party
may specify by notice given in accordance with this paragraph). Any notice given hereunder as aforesaid shall be deemed given
and effective upon receipt, or if delivery is refused, upon attempted delivery in accordance with the foregoing.

    	 	
6
	 

    	 

    

(b) Assignability
and Binding Effect. This Agreement is personal in nature and neither of the parties hereto shall, without the prior written
consent of the other assign or transfer this Agreement or any rights or obligations hereunder; provided, however,
that the Company shall have the right to assign and/or delegate any or all of its rights and obligations hereunder to any person
or entity who or which shall acquire (whether by sale of assets, merger or otherwise) all or substantially all of its assets (excluding,
for purposes of any such determination, cash, cash equivalents and any real property or interests therein). Any assignment or
delegation by either party in violation of this Agreement shall be null and void ab initio. Subject to the foregoing two sentences,
this Agreement and all of the provisions hereof shall be binding upon, and inure to the benefit of, the parties hereto, and their
respective heirs, executors, administrators, legal representatives, successors and permitted assigns.

(c) Severability.
It is the desire and intent of the parties hereto and the provisions of this Agreement shall be enforced to the fullest extent
permissible under the laws and public policies applied in each jurisdiction in which enforcement may be sought. Accordingly, if
any one or more of the provisions of this Agreement shall be adjudicated to be invalid, illegal or unenforceable in any respect,
such provision shall be deemed amended to delete therefrom the portion thus adjudicated to be invalid, illegal or unenforceable,
such deletion to apply only with respect to the operation of such provision in the particular jurisdiction in which such adjudication
is made, and the remaining provisions contained herein shall not in any way be affected thereby. Further, if any one or more of
the provisions contained in this Agreement shall for any reason be held to be excessively broad as to duration, geographical scope,
activity or subject, such provision(s) shall be construed by limiting and reducing the same, so as to be enforceable to the maximum
extent permitted under the applicable law as it shall then exist.

(d) Survival.
Notwithstanding anything herein to the contrary, the provisions of Sections 7, 8, 9 and 11 shall survive the expiration
or termination of this Agreement.

(e) Section
Headings. The section headings contained in this Agreement are for convenience of reference only and shall not be deemed to
have any substantive effect.

(f) Governing
Law, Arbitration, Jurisdiction and Venue. The parties desire that this Agreement be governed by, and construed and enforced
in accordance with, the laws of the State of New York applicable to contracts made and to be performed entirely therein (without
giving effect to the conflicts of laws rules thereof). Except as otherwise provided in Section 9 above, any controversy,
claim or dispute arising out of or relating to this Agreement, or any breach or alleged breach hereof, which cannot be settled
amicably by the parties within a period of thirty (30) days, shall be settled by final and binding arbitration, conducted in New
York City, New York, before, and in accordance with the Commercial Arbitration Rules of, the American Arbitration Association,
and judgment upon the award rendered may be entered in any court having jurisdiction thereof. The costs of such arbitration shall
be borne equally by the parties thereto and each party shall bear such party’s own attorneys’ fees in connection with
such arbitration; provided, however, that the prevailing party in any arbitration arising under this Section
shall be entitled to recover from the other party such prevailing party’s reasonable attorneys’ fees and expenses
incurred with respect thereto in addition to any other available remedies.

    	 	
7
	 

    	 

    

With respect to claims
arising under Section 9 or otherwise in aid of arbitration, each party hereby consents to and submits to the exclusive jurisdiction
of the federal and state courts located in the State of New York, City of New York, and any action or suit under this Agreement
shall be brought in the federal or state court with appropriate jurisdiction over the subject matter established or sitting in
the State of New York, City of New York, and each party hereby agrees not to raise in connection therewith, and hereby waives,
any defenses based upon the venue, the inconvenience of the forum, the lack of personal jurisdiction, the sufficiency of service
of process or the like in any such action or suit brought in such court in the State of New York, City of New York.

(g) Entire
Agreement; Amendment; Waiver. This Agreement constitutes the entire agreement and understanding between the parties with respect
to the subject matter hereof, and cancels and supersedes any and all prior agreements, understandings and representations, whether
written or oral, express or implied, between the parties with respect thereto. This Agreement may not be modified or amended,
nor may any of its provisions be waived, except pursuant to a written instrument signed by both of the parties hereto (and in
the case of the Company, signed on its behalf by its Chairman or Vice Chairman).

(h) Counterparts;
Effectiveness. This Agreement may be executed in any number of counterparts, including, without limitation, by counterpart
delivered by facsimile, each of which shall constitute one and the same instrument. In the event this Agreement is executed by
either party by facsimile counterpart, such party shall promptly send an original to the other party. Notwithstanding anything
herein to the contrary, the effectiveness of this Agreement and Executive’s employment pursuant to the terms and conditions
hereof is contingent upon the mutual execution and delivery of this Agreement by Executive and the Company.

IN WITNESS WHEREOF,
the parties hereto have duly executed this Agreement as of the date first above written.

	 	AMBUMED,
                                         INC.

         

         

	 	By:
                                         /s/ John Bentivoglio

        John
        Bentivoglio

        President
        and CEO

	 

        EVENT
        CARDIO GROUP INC.

         

        By:
        /s/ John Bentivoglio

        John
        Bentivoglio

        President
        and CEO

         

         

        /s/
        Joseph Hashim

	                Joseph
    K. Hashim

    	 	
8
	 

    	 

    

EXHIBIT A

BONUS METHODOLOGY FOR YEAR 2 AND THEREAFTER

At least 30 days before
the First Anniversary date the Board of Directors will establish a bonus plan for Executive based upon revenues and net income
before taxes.

 

Pursuant to the Plan Executive
shall be entitled to a bonus of up to $100,000 if 100% of the targets are achieved. The portion of the bonus payable to Executive
will be determined by taking the average of the percentage of the performance targets achieved by the Company and multiplying
such percentage, expressed as a fraction, by $100,000, provided that no bonus will be paid unless at least an average of 25% of
the targets are achieved and the bonus shall not exceed $150,000.

 

For example, if revenues
in the first employment year were $5,000,000, the Board, in light of reasonable projections, may set a target for revenues of
$7,000,000, an increase of $2,000,000 and, if net income before taxes in the first year was $1,000,000, the Board, in light of
reasonable projections might set a target of $2,000,000, an increase of $1,000,000.

 

If the actual increases
in revenues and net income before taxes were:

 

Revenues Net Income before
taxes  Bonus

$1,000,000$500,000
$50,000

1,000,000 -0- 25,000

4,000,000 2,000,000
150,000

    	 	
9
	 

    	 

    

EXHIBIT B

FORM  OF OPTION

    	 	
10
	 

    	 

    

EXHIBIT C

CURRENT BENEFIT PLANS

    	 	
11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00260-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00260-of-00352.parquet"}]]