Document:

BUSINESS DEVELOPMENT AGREEMENT

Drumright Regional Hospital

 

This document (“Agreement”)
reflects the agreement of iHealthcare Management II Company, a Florida Corporation with an address of 3901 NW 28th Street,
2nd Floor, Miami, Florida 33142, hereinafter  (“iHealthcare”) and Jorge A. Perez with an address of
13595 SW 134 Avenue, Suite 209, Miami, Florida, 33186, hereinafter (“Perez”) (hereinafter, collectively iHealthcare
and Perez are also known as the “Parties,” or individually as a “Party”) to engage in business on the terms
set forth below, as well as such other terms and conditions as the Parties may agree.  The Parties may reduce the terms listed
below to a more complete written agreement, but they are not required to do so.

 

WHEREAS, iHealthcare is in the hospital management
business through its wholly owned subsidiary iHealthcare Management II Company and desires to expand its hospital management business; 

WHEREAS, Perez has demonstrated a track record
of developing and securing hospital management contracts; 

WHEREAS, the Parties desire to use their respective
assets for the common goal of assisting the rural healthcare landscape, driving healthcare insurance costs down, providing innovative
products and tools, and growing a small footprint of Hospitals and Service Offerings into a major sustainable business that will
serve communities throughout the United States; 

WHEREAS, the Parties consider their ongoing
relationship and potential business relationship to be independently valuable;  

NOW, THEREFORE, for and in consideration of the ongoing
and potential relationship between iHealthcare and Perez, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, iHealthcare and Perez, intending to be legally bound, do hereby agree as follows and acknowledge
the above recitals as true and incorporated herein, and: 

 

1)BUSINESS
DEVELOPMENT ENGAGEMENT:  

a)iHealthcare
hereby engages Perez to deliver a certain valid, binding, exclusive and executed hospital management contract for new business
for and on behalf of iHealthcare Management II Company;  

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b)Perez
shall utilize the iHealthcare Management II Company contract template [attached]; 

c)Perez
shall obtain any required consents, authorizations and binding approvals necessary to deliver an executed binding ten-year contracts
for hospital management services to iHealthcare Management II Company;  

d)Perez
will ensure iHealthcare is the exclusive provider of management services under these new agreements; 

e)Perez
will ensure that no liabilities of any kind which nay have incurred prior to the new contract inception date will transfer, assign
or inure to iHealthcare Management II Company;  

f)The
target inception date will be January 7, 2019 and limited only to CAH Acquisition Company 4, LLC D/B/A Drumright Regional Hospital.
 

 

2)TERMS.
 The Parties herby agree as follows:  

 

a)The
parties acknowledge that under this Business Development Agreement, the Parties agree to mutually work together to grow the business
model and create new revenue lines that are currently not operational.  

b)The
contracts, once executed, must have a 10-year non-cancelable term with renewals. 

 

3)CONSIDERATION:
With this in mind, the consideration for this business development effort will be a Success Fee structured as a Promissory Note
and Stock as follows:  

 

a)Success
Fee: $865,460.00 

1.The
Success Fee will be earned upon delivery of a legally binding and executed Management and Administrative Services Agreement.  
The Success Fee is based on a negotiated value.   

 

b)Terms
in General:  

1.iHealthcare
shall issue a Promissory Note for 100% of the agreed value under this Business Development Agreement.  

2.Promissory
Note will have a 10 year term and 4% simple annual interest on the unpaid balance.  

3.Payment:
Promissory Note may be prepaid without penalty, in full or in part, in cash or common stock at the option of iHealthcare. 

4.Default:
In the event of a default, iHealthcare shall be granted 45 days to cure, as stipulated in the Management and Administrative Services
Agreement. 

5.Security:
In the event of failure to cure the default after the 45-day period and remedy specified in the
Management and Administrative Services Agreement, the management agreement shall be surrendered to the Lender as security. 

6.Adjustments:
In the event that any of the named hospitals closes or is placed in receivership, files for bankruptcy, becomes insolvent or is
assigned to creditors, the portion of the Success Fee allocated to that specific hospital only shall be adjusted accordingly and
the associated portion of the Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced
to reflect that portion for the remaining term of the note.  

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7.Offsets:
This Agreement is based on the premise that the Hospital Management and Administrative Services Agreements will be in effect for
10 full years which enables iHealthcare to fund the payments for the Promissory Note during this term. Therefore, there may be
a pro rata offset to the balance of the Promissory Note if one or more of the following occur during the ten-year term: 

a)Any
early cancellation or termination of the contract that is not as a result of breach of contract by iHealthcare. 

b)Failure
to enforce the tagalong provision of the contract. 

c)A
Hospital ownership action to close the hospital. 

d)Loss
or suspension of Hospital License or Medicare Provider status relating to events occurring prior to closing. 

e)In
the event that the hospital closes or is placed in receivership, files for bankruptcy, becomes insolvent or is assigned to creditors,
the portion of the Success Fee listed in the Business Development Agreement shall be adjusted accordingly and the remaining portion
of this Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced to reflect that portion
for the remaining term of the note. 

f)Any
Offset is subject to arbitration and other remedies as specified in the Hospital Management and Administrative Services Agreement.
  

g)Liabilities
incurred prior to closing.  

 

c)Terms
of Preferred B Stock from iHealthcare, Inc:  

 

1.Success
Event: Final delivery of a fully executed, legally binding management contract for CAH Acquisition Company 4, LLC D/B/A Drumright
Regional Hospital.   Preferred Series B Shares: A total of 36,362 Preferred Series B Shares par value $0.0001 per share
will be allocated to the Perez -Tio Family Trust, as part of the Success Fee of this Agreement.   

2.Conversion
Value: One share of Preferred B for one share of Common Stock - Converted at the option of the Holder.  

3.Restrictions:
Shares will be restricted for 6 months from issuance per SEC regulations. 

4.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

5.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering. 

6.Voting:
Preferred B Shares are voting as one vote per share. 

7.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred B and Common stock to meet the obligations of this agreement. 

8.Interest:
No interest is paid or due on equity offers. 

9.Conditions:
The specific terms of Preferred B Shares are set and fixed by iHealthcare’s Articles of Incorporation. 

 

d)Terms
of Preferred C Stock from iHealthcare Inc:     

1.Success
Event: Final delivery of a legally binding Management and administrative Services Agreement for: CAH Acquisition Company 4, LLC
D/B/A Drumright Regional Hospital.  

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2.Preferred
Series C Shares: A total of 36,362 Preferred Series C Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success Fee of this Agreement.  Terms will be listed and Certificate of Designation for Preferred C
Shares filed with the State of Delaware along with Board Resolution.    

3.Convertible
Note: The 36,362 Preferred Shares C will be issued as a Convertible Note to the Perez – Tio Family Trust. 

4.Conversion:
The Conversion value is one share of Preferred Stock to one share of Common Stock 

5.Value
Assurance Guarantee:  When converted from Preferred Shares to Common Stock, iHealthcare guarantees a minimum value, only on
the date of conversion, of $1.00 per share converted. If the value of the Common Stock trading on that day is below $1.00 per share,
the company will issue sufficient additional Common Stock share’s so that the total value of the redeemed converted Preferred
Stock redeemed to Common Stock equals a minimum of $1.00 per share based on the conversion date’s closing per share value
of Common Stock. If the value is in excess of $1.00 per share on the date of conversion, the share conversion remains 1:1 and the
Holder shall retain the upside value, if any. Common stock must be trading on a public exchange to qualify. 

6.Restricted
Share Tranches and Vesting: When each restricted share tranche reaches maturity in the Convertible Note on the following schedule
of performance, the note will covert to Preferred Shares as listed, at the option of the Holder.  

a)36,362
shares vested upon closing.   

7.Restricted
Share Conversion Schedule: Vested Preferred shares may convert and then shall be exercisable for conversion to Common Stock, all
or in part or none, at the option of the Holder only after the closing of the new management contracts, the following schedule:
 

a)36,362
– 12 months from date of closing. 

8.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

9.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering.  

10.Voting:
Preferred C Shares are non-voting until converted to Common Stock.  

11.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred C and Common stock to meet the obligations of this agreement. 

12.Interest:
No interest is paid or due on equity offers. 

 

 

1)NONDISCLOSURE
AND NONUSE OF CONFIDENTIAL INFORMATION.   

 

a)The
Parties acknowledge that they each have, may obtain or may develop certain Confidential Information (as defined below) in the ordinary
course of their business and that the Parties may learn of, or have access to, each other’s Confidential Information during
the course of their business relationship with each other. 

 

b)For
the purposes of this Agreement, the term “Confidential Information” shall mean any and all confidential and/or proprietary
knowledge, data, information or trade secrets used, obtained, or developed by or for a Party that is treated as confidential by
 

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that Party, or is of a nature that should reasonably
be understood by the receiving Party to be confidential, and is not and otherwise would not be regularly and routinely available
to the general public.  The term “Confidential Information,” includes, without limitation, information and data,
whether in written, oral, graphic or machine-readable form, but shall not include that which is (i) publicly available by other
than unauthorized means, (ii) disclosed to others by the disclosing Party or other proper Party without restriction, (iii) rightfully
received from a third party without restriction, (iv) discoverable by common observation, through publicly or commercially available
sources, or by inspection or analysis of products in the market place, or (v) general skill and knowledge.

 

c)The
receiving Party hereby agrees to comply with any and all of the disclosing Party’s commercially reasonable policies and procedures
for the protection of Confidential Information and, except as required by law or by the nature of receiving Party’s duties
for the disclosing Party or with the prior written approval of an authorized officer of the disclosing Party, receiving Party will
not, during its business relationship with disclosing Party or at any time thereafter, use or disclose, directly or indirectly
in any manner, any Confidential Information of the disclosing Party, including the fact that Confidential Information has been
made available to the receiving Party for any purpose other than in furtherance of the business relationship with disclosing Party.
The provisions of this Agreement regarding disclosure and use of Confidential Information shall survive the termination or expiration
of this Agreement and shall be effective forever.  

 

d)The
receiving Party hereby agrees that any Confidential Information is and shall remain the sole and exclusive property of the disclosing
Party for use in the disclosing Party’s business and shall be used solely in connection with furtherance of the business
relationship with disclosing Party and shall not be used by receiving Party, directly or indirectly, in any other manner whatsoever.
 Under no circumstances whatsoever shall receiving Party have any proprietary or other legal right to the disclosing Party’s
Confidential Information during, or subsequent to the termination or cessation of, the business relationship of the Parties. 

 

e)The
receiving Party hereby agrees not to disclose, copy, or remove from the premises of the disclosing Party any documents, records,
tapes or other media or format that contain or may contain Confidential Information, except as required by the nature of receiving
Party’s duties for the disclosing Party or as otherwise approved in writing by an authorized officer of the disclosing Party.
 Upon termination or cessation of the business relationship of the Parties, regardless of the reason for such termination
or cessation, receiving Party hereby agrees to return immediately to the disclosing Party, or destroy at the disclosing Party’s
discretion, all originals and copies of documents, records, tapes, or any other media or format that contain or may contain Confidential
Information. Furthermore, all Confidential Information belonging to disclosing Party will be and remain solely the property of
disclosing Party.  Any such return or destruction, as applicable, of Confidential Information shall be certified in writing
by receiving Party to disclosing Party within three (3) days of the return or destruction.  

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Any Confidential Information that is not returned
or destroyed, including any oral Confidential Information, will continue to be kept confidential and subject of the terms of this
Agreement.

f)In
the event receiving Party is legally compelled to disclose Confidential Information belonging to disclosing Party, the receiving
Party shall promptly notify disclosing Party of each such requirement so that disclosing Party may seek a protective order or other
appropriate remedy and/or waive compliance with the provisions of this Agreement. In any such event, receiving Party will only
disclose such Confidential Information that s/he/it is advised by counsel to disclose and legally required to be disclosed and
shall exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to such Confidential Information. 

 

g)The
receiving Party’s access to Confidential Information shall automatically terminate at the termination or expiration of the
relationship between the Parties with respect to the subject matter of this Agreement. Notwithstanding the foregoing, disclosing
Party may immediately terminate access to its Confidential Information at any time. 

 

h)Neither
of the Parties to this Agreement shall make any announcement of the proposed transaction contemplated by this Agreement, without
the prior written approval of the other, which approval will not be unreasonably withheld or delayed.   The foregoing
shall not restrict in any respect the Party’s ability to communicate information concerning this Agreement, and the transactions
contemplated hereby, to their respective affiliates’, officers, directors, employees and professional advisers; and, (to
the extent relevant), to third parties whose consent is required in connection with the transaction contemplated by this Agreement. 

 

 

2)NON-CIRCUMVENTION.
  

 

a)The
Parties understand that in the performance of this Agreement they may each reveal to each other, contacts and relationships which
are not otherwise known to the general public or to whom the general public may otherwise not have access. 

 

b)The
Parties will not in any manner solicit, nor do business in any manner with individuals, entities, related parties or their affiliates
(“Source(es)”), which were made available to them through this Agreement by the other Party, without the express permission
of the party who made available the Source; 

 

c)Source
shall include, without limitation, any contact, contract or transaction with all persons, companies (e.g., limited liability companies,
etc.), firms, partnerships (e.g., general partnerships, limited liability partnerships, etc.), corporations (e.g., domestic, foreign,
international), co-ventures, joint ventures, trusts or any other entity with which they or any associate, agent, employee, or representative
are or may be in any way associated or concerned, no matter the country of origin or origination of the association. 

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d)A
Party will not attempt either directly or indirectly, for the purposes of circumventing the other Party, to make any contact with
any individual or entity, including without limitation relationships, customers or clients, whose identity is made known to one
Party solely in connection with their relationship with the other Party, as contemplated by this Agreement, without the prior written
approval of such other Party. The identity of such individuals and entities shall be deemed proprietary and valuable to the Party
in whose knowledge, such identity currently resides. 

 

e)The
Parties will maintain complete confidentiality regarding each other’s Sources and will disclose such Sources only to third
parties only pursuant to the express written permission of the Party who made available the Source; 

 

f)The
Parties will not disclose names, addresses, e-mail address, telephone and tele-fax or telex numbers to any Sources, to third parties
and the Parties each recognize such Sources as the exclusive property of the providing Party and they will not enter into any direct
negotiations or transactions with such Sources revealed by the other Party; 

 

g)The
Parties further undertake not to enter into business transaction with banks, iHealthcare’s sources of funds or other bodies,
the names of which have been provided by one of the Parties to this agreement, unless written permission has been obtained from
the other Party to do so.  

 

h)The
Parties also undertake not to make use of a third party to circumvent this clause. 

 

3)COVENANT
NOT TO COMPETE 

 

a)In
accordance with this Agreement, the Parties will gain knowledge of certain proprietary information belonging to the other Party
and valuable confidential business or professional information. The Parties may also acquire substantial relationships with specific
prospective or existing customers or clients and gain customer or client goodwill associated with the Parties’ ongoing business
or professional practice. The Parties may additionally be provided with extraordinary or specialized training, specific to the
Parties’ field of business and specific business. In light of the above, the Parties acknowledges and agrees that the they
each are entitled to a Covenant Not To Compete and such restraint is reasonably necessary to protect the legitimate business interest
or interests of the Parties, to the extent that there is an Ongoing Entity. 

 

b)Accordingly,
during the Parties’ relationship with each other and for a period of 10 years from the date of this Agreement, for any reason,
the Parties shall not, directly or indirectly, through another person or entity, compete with the each other anywhere where the
Ongoing Entity does business or owns an interest in or, as principal, agent, contractor, consultant, or employee or otherwise,
engages in activities for or renders services to any firm or business that competes with the Ongoing Entity, “Compete”
being defined as conducting business in the marketplace, contracting for hospital management services and all related marketing
models and business models. The territory shall be deemed to initially be the United States of America and such other  

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locations as the Ongoing Entity may be doing business
at any time and also those States in which Ongoing Entity has reasonably advanced toward doing business.

 

c)“Compete”
shall additionally include without limitation, soliciting, providing services to, or otherwise engaging in a business transaction
with customers or clients of the Ongoing Entity or any affiliate of the Ongoing Entity, or directly or indirectly soliciting for
employment any of the Ongoing Entity’s employees, or the employees of any of the Ongoing Entity’s affiliates. 

 

 

4)INDEMNIFICATION
AND MUTUAL HOLD HARMLESS 

 

(a) Perez shall indemnify, defend and hold harmless iHealthcare
and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of any and
all losses, claims, damages, causes of action, actions, obligations, liabilities, deficiencies, suits, proceedings, actual out-of-pocket
obligations and expenses (including cost of investigation, interest, penalties and reasonable attorneys' fees) (collectively, "Losses")
arising out of or due to the operation of the Business or relating to events prior to closing by iHealthcare, its affiliates, agents,
servants and/or employees after Closing  under the provisions of this Agreement. The obligations set forth in this Section
7(a) shall survive for a period of ten (10 years following the Expiration Date.

 

(b) iHealthcare shall indemnify, defend and hold harmless
Perez and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of
any and all Losses arising out of or due to gross negligence of the Manager, its affiliates, agents, servants and/or employees
prior to and during the commencement of the term of this Agreement. The obligations set forth in this Section 7(b) shall survive
for a period of ten (10) years following the Expiration Date.

 

(c) If a party entitled to indemnification (the "Indemnitee")
receives notice of any claim or the commencement of any action or proceeding with respect to which a party is obligated to provide
indemnification (the "Indemnifying Party") pursuant to subsections (a) and (b) of this Section, the Indemnitee shall
promptly give the Indemnifying Party notice thereof (Indemnification Notice"). Such Indemnification Notice shall be a condition
precedent to any liability of the Indemnifying Party under the provisions for indemnification contained in this Agreement. Except
as provided below, the Indemnifying Party may compromise, settle or defend, at such Indemnifying Party's own expense and by such
Indemnifying Party's own counsel, any such matter involving the asserted liability of the Indemnitee. In any event, the Indemnitee,
the Indemnifying Party and the Indemnifying Party's counsel shall cooperate in the compromise of, or defense against, any such
asserted liability. If the Indemnifying Party provides the Indemnitee a defense to a third party claim at the Indemnifying Party's
cost with a qualified attorney, Indemnitee may participate and/or monitor the defense with an attorney of the Indemnitee's selection
(at the Indemnitee's own expense). Provided that the Indemnifying Party pays for the full cost of the settlement of any claim,
the Indemnifying Party may settle any claim without the consent of the Indemnitee. If the Indemnifying Party chooses to defend
any claim, the Indemnitee shall make available to the Indemnifying Party any books, records or other documents within its control
that are necessary or

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appropriate for such defense.

 

8. LIMITATION OF LIABILITY

 

NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL,
CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT DAMAGES ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF
ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS PARAGRAPH IS INTENDED TO LIMIT OR
RESTRICT THE INDEMNIFICATION RIGHTS OR OBLIGATIONS OF ANY PARTY UNDER SECTION 7, OR DAMAGES AVAILABLE FOR BREACHES OF THE OBLIGATIONS
SET FORTH IN SECTION 7.

 

a)Upon
request of any Party to this Agreement, the requested Party(ies) shall take such further actions, and shall cause its (their) personnel,
agents, and employees to take such further actions, including execution and delivery of documents, that may reasonably be deemed
necessary or desirable to accomplish or evidence more further the objectives and intent of this Agreement.   

 

b)This
Agreement contains the complete understanding between the Parties and shall as of the date hereof, supersede all other agreements,
whether they are written or oral, between the Parties concerning the particular subject matter.  Paragraphs 2 through 11 constitute
a binding contract and will continue in full force and effect surviving the termination of this Agreement.  Paragraph 1 is
a statement of interest and intent to do business, but as set forth above, Paragraph 1 shall become binding to the extent that
the Parties complete Due Diligence (as defined below) and iHealthcare elects to proceed, or where iHealthcare provides any capital
to Perez, without a more formal writing, the substantive terms herein shall be conclusive as to the agreement of the Parties.  Further,
to the extent that additional substantive terms are in issue, the course of conduct of the Parties shall be controlling as to such
terms. 

 

c)No
waiver or modification of this Agreement or any covenant, condition or limitation herein contained shall be valid and no evidence
of waiver or modification shall be offered or received in evidence in any proceeding, arbitration or litigation between the Parties
hereto arising out of or affecting this Agreement or the rights or obligations of the Parties hereunder, unless such waiver or
modification is in writing duly signed by all Parties, or in an email exchange where both Parties have commented. 

 

d)All
agreements and covenants contained herein are severable, and in the event that any of them shall be held to be invalid by any competent
court, this Agreement shall be interpreted as if such invalid agreement or covenant is not contained herein. 

 

e)The
failure of any Party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall
not be construed as a waiver of future performance of any such term, covenant, or condition, but the obligations of any Party with
respect thereto shall continue in full force and effect. 

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f)Neither
this Agreement nor any interest herein may be assigned in whole or in part by any Party hereto without the prior written consent
of all other Parties. 

 

g)The
terms and existence of this Agreement are confidential, and neither the contents nor its details of the Agreement may be shown
or disclosed by either Party, except to those individuals with who have a need to know as a result of being involved in or related
to this Agreement. 

 

h)In
addition to any remedies under the applicable law, the Parties recognize that any breach or violation of any provision of this
Agreement may cause irreparable harm to the other Party, which money damages may not necessarily remedy. Therefore, upon any actual
or impending violation of any provision of this Agreement, either Party may obtain from any court of competent jurisdiction a preliminary,
temporary or permanent injunction, restraining or enjoining such violation by the other Party or any entity or person acting in
concert with that Party. 

 

i)This
Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida. IF A DISPUTE ARISES, THE PARTIES
WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE A SINGLE ARBITRATOR FROM JUDICIAL
ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”); AND (b) WAIVE ANY RIGHT TO CIVIL TRIAL BY JUDGE OR JURY.  Notwithstanding
the foregoing, all claims alleging violation of restrictive covenants, mishandling of Confidential Information, or transgression
of intellectual property rights, shall be subject to the exclusive jurisdiction, in Miami, Florida, of either the Florida state
courts or the US District Court.  Before accepting appointment, the arbitrator shall agree: (a) that the arbitrator’s
award shall be made within nine (9) months of the filing of a notice of intention (or demand) to arbitrate  (but it may be
extended by written agreement of the parties); (b) to base any decision or award on governing law; (c) to not award punitive or
other damages that are not measured by the prevailing party’s actual damages, except as may be required by statute; and (d)
to issue an award in writing within ten (10) days of concluding the presentation of evidence and briefs.  Judgment may be
entered in any court having jurisdiction thereof.  The prevailing party shall be entitled to recover from the other party
its costs and expenses, including reasonable attorney’s fees. 

 

j)Authority:
Perez has full power and authority and are legally authorized to execute and bind the hospitals to new management contracts for
the benefit of iHealthcare, Inc.  

 

a.The
Parties further agree: 

 

1.To
the extent that they are not in conflict with this document, that the use of electronic messages shall create valid and enforceable
rights and obligations between them; and 

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2.That
to the extent permitted under the applicable law, electronic messages shall be admissible as evidence, provided that such electronic
messages are sent to addresses and in formats, if any, designated either expressly or implicitly by the addresses; and  

 

3.Not
to challenge the validity of any communication or agreement between them solely on the ground of the use of electronic means, whether
or not such use was reviewed by any natural person. 

 

1.This
Agreement may be executed in separate counterparts all of which shall be deemed to be one (1) agreement. 

 

 

 

SIGNATURE PAGE TO FOLLOW

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IN WITNESS WHEREOF, the Parties have caused this Agreement
to be Accepted and Agreed to as of January 7, 2019.

 

 

 

JORGE
A. PEREZiHealthcare Management II Company 

 

 

 

 

By: /s/ Jorge A. Perez By:  /s/ Noel
Mijares   

Jorge A. Perez                         
Noel Mijares, Chief Executive Officer 

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BUSINESS DEVELOPMENT AGREEMENT

Fairfax Community Hospital

 

This document (“Agreement”)
reflects the agreement of iHealthcare Management II Company, a Florida Corporation with an address of 3901 NW 28th Street,
2nd Floor, Miami, Florida 33142, (“iHealthcare”) and Jorge A. Perez with an address of 13595 SW 134 Avenue,
Suite 209, Miami, Florida, 33186 , (“Perez”) (hereinafter, collectively iHealthcare and Perez are also known as the
“Parties,” or individually as a “Party”) to engage in business on the terms set forth below, as well as
such other terms and conditions as the Parties may agree.  The Parties may reduce the terms listed below to a more complete
written agreement, but they are not required to do so.

 

WHEREAS, iHealthcare is in the hospital management
business through its wholly owned subsidiary iHealthcare Management II Company and desires to expand its hospital management business; 

WHEREAS, Perez has demonstrated a track record
of developing and securing hospital management contracts; 

WHEREAS, the Parties desire to use their respective
assets for the common goal of assisting the rural healthcare landscape, driving healthcare insurance costs down, providing innovative
products and tools, and growing a small footprint of Hospitals and Service Offerings into a major sustainable business that will
serve communities throughout the United States; 

WHEREAS, the Parties consider their ongoing
relationship and potential business relationship to be independently valuable;  

NOW, THEREFORE, for and in consideration of the ongoing
and potential relationship between iHealthcare and Perez, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, iHealthcare and Perez, intending to be legally bound, do hereby agree as follows and acknowledge
the above recitals as true and incorporated herein, and: 

 

1)BUSINESS
DEVELOPMENT ENGAGEMENT:  

 

a)iHealthcare
hereby engages Perez to deliver a certain valid, binding, exclusive and executed hospital management contract for new business
for and on behalf of iHealthcare Management II Company;  

b)Perez
shall utilize the iHealthcare Management II Company contract template [attached]; 

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c)Perez
shall obtain any required consents, authorizations and binding approvals necessary to deliver an executed binding ten-year contracts
for hospital management services to iHealthcare Management II Company;  

d)Perez
will ensure iHealthcare is the exclusive provider of management services under these new agreements; 

e)Perez
will ensure that no liabilities of any kind which nay have incurred prior to the new contract inception date will transfer, assign
or inure to iHealthcare Management II Company;  

f)The
target inception date will be January 7, 2019 and limited only to CAH Acquisition Company 12, LLC D/B/A Fairfax Community Hospital. 

 

2)TERMS.
 The Parties herby agree as follows:  

 

a)The
parties acknowledge that under this Business Development Agreement, the Parties agree to mutually work together to grow the business
model and create new revenue lines that are currently not operational.  

b)The
contracts, once executed, must have a 10-year non-cancelable term with renewals. 

 

3)CONSIDERATION:
With this in mind, the consideration for this business development effort will be a Success Fee structured as a Promissory Note
and Stock as follows:  

 

a)Success
Fee: $550,215.00 

1.The
Success Fee will be earned upon delivery of a legally binding and executed Management and Administrative Services Agreement.  
The Success Fee is based on a negotiated value.   

 

b)Terms
in General:  

1.iHealthcare
shall issue a Promissory Note for 100% of the agreed value under this Business Development Agreement.  

2.Promissory
Note will have a 10 year term and 4% simple annual interest on the unpaid balance.  

3.Payment:
Promissory Note may be prepaid without penalty, in full or in part, in cash or common stock at the option of iHealthcare. 

4.Default:
In the event of a default, iHealthcare shall be granted 45 days to cure, as stipulated in the Management and Administrative Services
Agreement. 

5.Security:
In the event of failure to cure the default after the 45-day period and remedy specified in the
Management and Administrative Services Agreement, the management agreement shall be surrendered to the Lender as security. 

6.Adjustments:
In the event that any of the named hospitals closes or is placed in receivership, files for bankruptcy, becomes insolvent or is
assigned to creditors, the portion of the Success Fee allocated to that specific hospital only shall be adjusted accordingly and
the associated portion of the Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced
to reflect that portion for the remaining term of the note.  

7.Offsets:
This Agreement is based on the premise that the Hospital Management and Administrative Services Agreements will be in effect for
10 full years which enables  

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iHealthcare to fund the payments for the Promissory
Note during this term. Therefore, there may be a pro rata offset to the balance of the Promissory Note if one or more of the following
occur during the ten-year term:

a)Any
early cancellation or termination of the contract that is not as a result of breach of contract by iHealthcare. 

b)Failure
to enforce the tagalong provision of the contract. 

c)A
Hospital ownership action to close the hospital. 

d)Loss
or suspension of Hospital License or Medicare Provider status relating to events occurring prior to closing. 

e)In
the event that the hospital closes or is placed in receivership, files for bankruptcy, becomes insolvent or is assigned to creditors,
the portion of the Success Fee listed in the Business Development Agreement shall be adjusted accordingly and the remaining portion
of this Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced to reflect that portion
for the remaining term of the note. 

f)Any
Offset is subject to arbitration and other remedies as specified in the Hospital Management and Administrative Services Agreement.
  

g)Liabilities
incurred prior to closing.  

 

c)Terms
of Preferred B Stock from iHealthcare, Inc:  

 

1.Success
Event: Final delivery of a fully executed, legally binding management contract for CAH Acquisition Company 12, LLC D/B/A Fairfax
Community Hospital.  

2.Preferred
Series B Shares: A total of 36,362 Preferred Series B Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success Fee of this Agreement.   

3.Conversion
Value: One share of Preferred B for one share of Common Stock - Converted at the option of the Holder.  

4.Restrictions:
Shares will be restricted for 6 months from issuance per SEC regulations. 

5.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

6.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering. 

7.Voting:
Preferred B Shares are voting as one vote per share. 

8.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred B and Common stock to meet the obligations of this agreement. 

9.Interest:
No interest is paid or due on equity offers. 

10.Conditions:
The specific terms of Preferred B Shares are set and fixed by iHealthcare’s Articles of Incorporation. 

 

d)Terms
of Preferred C Stock from iHealthcare Inc:     

1.Success
Event: Final delivery of a legally binding Management and administrative Services Agreement for: CAH Acquisition Company 12, LLC
D/B/A Fairfax Community Hospital.  

2.Preferred
Series C Shares: A total of 36,362 Preferred Series C Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success  

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Fee of this Agreement.  Terms will be listed
and Certificate of Designation for Preferred C Shares filed with the State of Delaware along with Board Resolution.   

3.Convertible
Note: The 36,362 Preferred Shares C will be issued as a Convertible Note to the Perez – Tio Family Trust. 

4.Conversion:
The Conversion value is one share of Preferred Stock to one share of Common Stock 

5.Value
Assurance Guarantee:  When converted from Preferred Shares to Common Stock, iHealthcare guarantees a minimum value, only on
the date of conversion, of $1.00 per share converted. If the value of the Common Stock trading on that day is below $1.00 per share,
the company will issue sufficient additional Common Stock share’s so that the total value of the redeemed converted Preferred
Stock redeemed to Common Stock equals a minimum of $1.00 per share based on the conversion date’s closing per share value
of Common Stock. If the value is in excess of $1.00 per share on the date of conversion, the share conversion remains 1:1 and the
Holder shall retain the upside value, if any. Common stock must be trading on a public exchange to qualify. 

6.Restricted
Share Tranches and Vesting: When each restricted share tranche reaches maturity in the Convertible Note on the following schedule
of performance, the note will covert to Preferred Shares as listed, at the option of the Holder.  

a)36,362
shares vested upon closing.   

7.Restricted
Share Conversion Schedule: Vested Preferred shares may convert and then shall be exercisable for conversion to Common Stock, all
or in part or none, at the option of the Holder only after the closing of the new management contracts, the following schedule:
 

a)36,362
– 12 months from date of closing. 

8.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

9.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering.  

10.Voting:
Preferred C Shares are non-voting until converted to Common Stock.  

11.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred C and Common stock to meet the obligations of this agreement. 

12.Interest:
No interest is paid or due on equity offers. 

 

1)NONDISCLOSURE
AND NONUSE OF CONFIDENTIAL INFORMATION.   

 

a)The
Parties acknowledge that they each have, may obtain or may develop certain Confidential Information (as defined below) in the ordinary
course of their business and that the Parties may learn of, or have access to, each other’s Confidential Information during
the course of their business relationship with each other. 

 

b)For
the purposes of this Agreement, the term “Confidential Information” shall mean any and all confidential and/or proprietary
knowledge, data, information or trade secrets used, obtained, or developed by or for a Party that is treated as confidential by
that Party, or is of a nature that should reasonably be understood by the receiving Party to be confidential, and is not and otherwise
would not be regularly and routinely available to the general public.  The term “Confidential Information,” includes,
without  

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limitation, information and data, whether in written,
oral, graphic or machine-readable form, but shall not include that which is (i) publicly available by other than unauthorized means,
(ii) disclosed to others by the disclosing Party or other proper Party without restriction, (iii) rightfully received from a third
party without restriction, (iv) discoverable by common observation, through publicly or commercially available sources, or by inspection
or analysis of products in the market place, or (v) general skill and knowledge.

 

c)The
receiving Party hereby agrees to comply with any and all of the disclosing Party’s commercially reasonable policies and procedures
for the protection of Confidential Information and, except as required by law or by the nature of receiving Party’s duties
for the disclosing Party or with the prior written approval of an authorized officer of the disclosing Party, receiving Party will
not, during its business relationship with disclosing Party or at any time thereafter, use or disclose, directly or indirectly
in any manner, any Confidential Information of the disclosing Party, including the fact that Confidential Information has been
made available to the receiving Party for any purpose other than in furtherance of the business relationship with disclosing Party.
The provisions of this Agreement regarding disclosure and use of Confidential Information shall survive the termination or expiration
of this Agreement and shall be effective forever.  

 

d)The
receiving Party hereby agrees that any Confidential Information is and shall remain the sole and exclusive property of the disclosing
Party for use in the disclosing Party’s business and shall be used solely in connection with furtherance of the business
relationship with disclosing Party and shall not be used by receiving Party, directly or indirectly, in any other manner whatsoever.
 Under no circumstances whatsoever shall receiving Party have any proprietary or other legal right to the disclosing Party’s
Confidential Information during, or subsequent to the termination or cessation of, the business relationship of the Parties. 

 

e)The
receiving Party hereby agrees not to disclose, copy, or remove from the premises of the disclosing Party any documents, records,
tapes or other media or format that contain or may contain Confidential Information, except as required by the nature of receiving
Party’s duties for the disclosing Party or as otherwise approved in writing by an authorized officer of the disclosing Party.
 Upon termination or cessation of the business relationship of the Parties, regardless of the reason for such termination
or cessation, receiving Party hereby agrees to return immediately to the disclosing Party, or destroy at the disclosing Party’s
discretion, all originals and copies of documents, records, tapes, or any other media or format that contain or may contain Confidential
Information. Furthermore, all Confidential Information belonging to disclosing Party will be and remain solely the property of
disclosing Party.  Any such return or destruction, as applicable, of Confidential Information shall be certified in writing
by receiving Party to disclosing Party within three (3) days of the return or destruction. Any Confidential Information that is
not returned or destroyed, including any oral Confidential Information, will continue to be kept confidential and subject of the
terms of this Agreement.  

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f)In
the event receiving Party is legally compelled to disclose Confidential Information belonging to disclosing Party, the receiving
Party shall promptly notify disclosing Party of each such requirement so that disclosing Party may seek a protective order or other
appropriate remedy and/or waive compliance with the provisions of this Agreement. In any such event, receiving Party will only
disclose such Confidential Information that s/he/it is advised by counsel to disclose and legally required to be disclosed and
shall exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to such Confidential Information. 

 

g)The
receiving Party’s access to Confidential Information shall automatically terminate at the termination or expiration of the
relationship between the Parties with respect to the subject matter of this Agreement. Notwithstanding the foregoing, disclosing
Party may immediately terminate access to its Confidential Information at any time. 

 

h)Neither
of the Parties to this Agreement shall make any announcement of the proposed transaction contemplated by this Agreement, without
the prior written approval of the other, which approval will not be unreasonably withheld or delayed.   The foregoing
shall not restrict in any respect the Party’s ability to communicate information concerning this Agreement, and the transactions
contemplated hereby, to their respective affiliates’, officers, directors, employees and professional advisers; and, (to
the extent relevant), to third parties whose consent is required in connection with the transaction contemplated by this Agreement. 

 

 

2)NON-CIRCUMVENTION.
  

 

a)The
Parties understand that in the performance of this Agreement they may each reveal to each other, contacts and relationships which
are not otherwise known to the general public or to whom the general public may otherwise not have access. 

 

b)The
Parties will not in any manner solicit, nor do business in any manner with individuals, entities, related parties or their affiliates
(“Source(es)”), which were made available to them through this Agreement by the other Party, without the express permission
of the party who made available the Source; 

 

c)Source
shall include, without limitation, any contact, contract or transaction with all persons, companies (e.g., limited liability companies,
etc.), firms, partnerships (e.g., general partnerships, limited liability partnerships, etc.), corporations (e.g., domestic, foreign,
international), co-ventures, joint ventures, trusts or any other entity with which they or any associate, agent, employee, or representative
are or may be in any way associated or concerned, no matter the country of origin or origination of the association. 

 

d)A
Party will not attempt either directly or indirectly, for the purposes of circumventing the other Party, to make any contact with
any individual or entity, including without limitation relationships, customers or clients, whose identity is made known to one
 

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Party solely in connection with their relationship
with the other Party, as contemplated by this Agreement, without the prior written approval of such other Party. The identity of
such individuals and entities shall be deemed proprietary and valuable to the Party in whose knowledge, such identity currently
resides.

 

e)The
Parties will maintain complete confidentiality regarding each other’s Sources and will disclose such Sources only to third
parties only pursuant to the express written permission of the Party who made available the Source; 

 

f)The
Parties will not disclose names, addresses, e-mail address, telephone and tele-fax or telex numbers to any Sources, to third parties
and the Parties each recognize such Sources as the exclusive property of the providing Party and they will not enter into any direct
negotiations or transactions with such Sources revealed by the other Party; 

 

g)The
Parties further undertake not to enter into business transaction with banks, iHealthcare’s sources of funds or other bodies,
the names of which have been provided by one of the Parties to this agreement, unless written permission has been obtained from
the other Party to do so.  

 

h)The
Parties also undertake not to make use of a third party to circumvent this clause. 

 

3)COVENANT
NOT TO COMPETE 

 

a)In
accordance with this Agreement, the Parties will gain knowledge of certain proprietary information belonging to the other Party
and valuable confidential business or professional information. The Parties may also acquire substantial relationships with specific
prospective or existing customers or clients and gain customer or client goodwill associated with the Parties’ ongoing business
or professional practice. The Parties may additionally be provided with extraordinary or specialized training, specific to the
Parties’ field of business and specific business. In light of the above, the Parties acknowledges and agrees that the they
each are entitled to a Covenant Not To Compete and such restraint is reasonably necessary to protect the legitimate business interest
or interests of the Parties, to the extent that there is an Ongoing Entity. 

 

b)Accordingly,
during the Parties’ relationship with each other and for a period of 10 years from the date of this Agreement, for any reason,
the Parties shall not, directly or indirectly, through another person or entity, compete with the each other anywhere where the
Ongoing Entity does business or owns an interest in or, as principal, agent, contractor, consultant, or employee or otherwise,
engages in activities for or renders services to any firm or business that competes with the Ongoing Entity, “Compete”
being defined as conducting business in the marketplace, contracting for hospital management services and all related marketing
models and business models. The territory shall be deemed to initially be the United States of America and such other locations
as the Ongoing Entity may be doing business at any time and also those States in which Ongoing Entity has reasonably advanced toward
doing business.  

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c)“Compete”
shall additionally include without limitation, soliciting, providing services to, or otherwise engaging in a business transaction
with customers or clients of the Ongoing Entity or any affiliate of the Ongoing Entity, or directly or indirectly soliciting for
employment any of the Ongoing Entity’s employees, or the employees of any of the Ongoing Entity’s affiliates. 

 

 

4)INDEMNIFICATION
AND MUTUAL HOLD HARMLESS 

 

(a) Perez shall indemnify, defend and hold harmless iHealthcare
and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of any and
all losses, claims, damages, causes of action, actions, obligations, liabilities, deficiencies, suits, proceedings, actual out-of-pocket
obligations and expenses (including cost of investigation, interest, penalties and reasonable attorneys' fees) (collectively, "Losses")
arising out of or due to the operation of the Business or relating to events prior to closing by iHealthcare, its affiliates, agents,
servants and/or employees after Closing  under the provisions of this Agreement. The obligations set forth in this Section
7(a) shall survive for a period of ten (10 years following the Expiration Date.

 

(b) iHealthcare shall indemnify, defend and hold harmless
Perez and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of
any and all Losses arising out of or due to gross negligence of the Manager, its affiliates, agents, servants and/or employees
prior to and during the commencement of the term of this Agreement. The obligations set forth in this Section 7(b) shall survive
for a period of ten (10) years following the Expiration Date.

 

(c) If a party entitled to indemnification (the "Indemnitee")
receives notice of any claim or the commencement of any action or proceeding with respect to which a party is obligated to provide
indemnification (the "Indemnifying Party") pursuant to subsections (a) and (b) of this Section, the Indemnitee shall
promptly give the Indemnifying Party notice thereof (Indemnification Notice"). Such Indemnification Notice shall be a condition
precedent to any liability of the Indemnifying Party under the provisions for indemnification contained in this Agreement. Except
as provided below, the Indemnifying Party may compromise, settle or defend, at such Indemnifying Party's own expense and by such
Indemnifying Party's own counsel, any such matter involving the asserted liability of the Indemnitee. In any event, the Indemnitee,
the Indemnifying Party and the Indemnifying Party's counsel shall cooperate in the compromise of, or defense against, any such
asserted liability. If the Indemnifying Party provides the Indemnitee a defense to a third party claim at the Indemnifying Party's
cost with a qualified attorney, Indemnitee may participate and/or monitor the defense with an attorney of the Indemnitee's selection
(at the Indemnitee's own expense). Provided that the Indemnifying Party pays for the full cost of the settlement of any claim,
the Indemnifying Party may settle any claim without the consent of the Indemnitee. If the Indemnifying Party chooses to defend
any claim, the Indemnitee shall make available to the Indemnifying Party any books, records or other documents within its control
that are necessary or appropriate for such defense.

 

8. LIMITATION OF LIABILITY

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NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL,
CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT DAMAGES ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF
ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS PARAGRAPH IS INTENDED TO LIMIT OR
RESTRICT THE INDEMNIFICATION RIGHTS OR OBLIGATIONS OF ANY PARTY UNDER SECTION 7, OR DAMAGES AVAILABLE FOR BREACHES OF THE OBLIGATIONS
SET FORTH IN SECTION 7.

 

a)Upon
request of any Party to this Agreement, the requested Party(ies) shall take such further actions, and shall cause its (their) personnel,
agents, and employees to take such further actions, including execution and delivery of documents, that may reasonably be deemed
necessary or desirable to accomplish or evidence more further the objectives and intent of this Agreement.   

 

b)This
Agreement contains the complete understanding between the Parties and shall as of the date hereof, supersede all other agreements,
whether they are written or oral, between the Parties concerning the particular subject matter.  Paragraphs 2 through 11 constitute
a binding contract and will continue in full force and effect surviving the termination of this Agreement.  Paragraph 1 is
a statement of interest and intent to do business, but as set forth above, Paragraph 1 shall become binding to the extent that
the Parties complete Due Diligence (as defined below) and iHealthcare elects to proceed, or where iHealthcare provides any capital
to Perez, without a more formal writing, the substantive terms herein shall be conclusive as to the agreement of the Parties.  Further,
to the extent that additional substantive terms are in issue, the course of conduct of the Parties shall be controlling as to such
terms. 

 

c)No
waiver or modification of this Agreement or any covenant, condition or limitation herein contained shall be valid and no evidence
of waiver or modification shall be offered or received in evidence in any proceeding, arbitration or litigation between the Parties
hereto arising out of or affecting this Agreement or the rights or obligations of the Parties hereunder, unless such waiver or
modification is in writing duly signed by all Parties, or in an email exchange where both Parties have commented. 

 

d)All
agreements and covenants contained herein are severable, and in the event that any of them shall be held to be invalid by any competent
court, this Agreement shall be interpreted as if such invalid agreement or covenant is not contained herein. 

 

e)The
failure of any Party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall
not be construed as a waiver of future performance of any such term, covenant, or condition, but the obligations of any Party with
respect thereto shall continue in full force and effect. 

 

f)Neither
this Agreement nor any interest herein may be assigned in whole or in part by any Party hereto without the prior written consent
of all other Parties. 

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g)The
terms and existence of this Agreement are confidential, and neither the contents nor its details of the Agreement may be shown
or disclosed by either Party, except to those individuals with who have a need to know as a result of being involved in or related
to this Agreement. 

 

h)In
addition to any remedies under the applicable law, the Parties recognize that any breach or violation of any provision of this
Agreement may cause irreparable harm to the other Party, which money damages may not necessarily remedy. Therefore, upon any actual
or impending violation of any provision of this Agreement, either Party may obtain from any court of competent jurisdiction a preliminary,
temporary or permanent injunction, restraining or enjoining such violation by the other Party or any entity or person acting in
concert with that Party. 

 

i)This
Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida. IF A DISPUTE ARISES, THE PARTIES
WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE A SINGLE ARBITRATOR FROM JUDICIAL
ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”); AND (b) WAIVE ANY RIGHT TO CIVIL TRIAL BY JUDGE OR JURY.  Notwithstanding
the foregoing, all claims alleging violation of restrictive covenants, mishandling of Confidential Information, or transgression
of intellectual property rights, shall be subject to the exclusive jurisdiction, in Miami, Florida, of either the Florida state
courts or the US District Court.  Before accepting appointment, the arbitrator shall agree: (a) that the arbitrator’s
award shall be made within nine (9) months of the filing of a notice of intention (or demand) to arbitrate  (but it may be
extended by written agreement of the parties); (b) to base any decision or award on governing law; (c) to not award punitive or
other damages that are not measured by the prevailing party’s actual damages, except as may be required by statute; and (d)
to issue an award in writing within ten (10) days of concluding the presentation of evidence and briefs.  Judgment may be
entered in any court having jurisdiction thereof.  The prevailing party shall be entitled to recover from the other party
its costs and expenses, including reasonable attorney’s fees. 

 

j)Authority:
Perez have full power and authority and are legally authorized to execute and bind the hospitals to new management contracts for
the benefit of iHealthcare, Inc.  

 

a.The
Parties further agree: 

 

1.To
the extent that they are not in conflict with this document, that the use of electronic messages shall create valid and enforceable
rights and obligations between them; and 

 

2.That
to the extent permitted under the applicable law, electronic messages shall be admissible as evidence, provided that such electronic
messages are sent to addresses and in formats, if any, designated either expressly or implicitly by the addresses; and  

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3.Not
to challenge the validity of any communication or agreement between them solely on the ground of the use of electronic means, whether
or not such use was reviewed by any natural person. 

 

1.This
Agreement may be executed in separate counterparts all of which shall be deemed to be one (1) agreement. 

 

 

 

SIGNATURE PAGE TO FOLLOW

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IN WITNESS WHEREOF, the Parties have caused this Agreement
to be Accepted and Agreed to as of January 7, 2019.

 

 

 

JORGE A. PEREZiHealthcare
Management II Company 

 

 

 

 

By: /s/ Jorge A. Perez By:  /s/ Noel
Mijares   

Jorge A. Perez                         
Noel Mijares, Chief Executive Officer 

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Page 12 of 13

 

 

 

 

 

BUSINESS DEVELOPMENT AGREEMENT

Haskell County Community Hospital

 

This document (“Agreement”)
reflects the agreement of iHealthcare Management II Company, a Florida Corporation with an address of 3901 NW 28th Street,
2nd Floor, Miami, Florida 33142, (“iHealthcare”) and Jorge A. Perez with an address of 13595 SW 134 Avenue,
Suite 209, Miami, Florida, 33186 , (“Perez”) (hereinafter, collectively iHealthcare and Perez are also known as the
“Parties,” or individually as a “Party”) to engage in business on the terms set forth below, as well as
such other terms and conditions as the Parties may agree.  The Parties may reduce the terms listed below to a more complete
written agreement, but they are not required to do so.

 

WHEREAS, iHealthcare is in the hospital management
business through its wholly owned subsidiary iHealthcare Management II Company and desires to expand its hospital management business; 

WHEREAS, Perez has demonstrated a track record
of developing and securing hospital management contracts; 

WHEREAS, the Parties desire to use their respective
assets for the common goal of assisting the rural healthcare landscape, driving healthcare insurance costs down, providing innovative
products and tools, and growing a small footprint of Hospitals and Service Offerings into a major sustainable business that will
serve communities throughout the United States; 

WHEREAS, the Parties consider their ongoing
relationship and potential business relationship to be independently valuable;  

NOW, THEREFORE, for and in consideration of the ongoing
and potential relationship between iHealthcare and Perez, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, iHealthcare and Perez, intending to be legally bound, do hereby agree as follows and acknowledge
the above recitals as true and incorporated herein, and: 

 

1)BUSINESS
DEVELOPMENT ENGAGEMENT:  

 

a)iHealthcare
hereby engages Perez to deliver a certain valid, binding, exclusive and executed hospital management contract for new business
for and on behalf of iHealthcare Management II Company;  

b)Perez
shall utilize the iHealthcare Management II Company contract template [attached]; 

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c)Perez
shall obtain any required consents, authorizations and binding approvals necessary to deliver an executed binding ten-year contracts
for hospital management services to iHealthcare Management II Company;  

d)Perez
will ensure iHealthcare is the exclusive provider of management services under these new agreements; 

e)Perez
will ensure that no liabilities of any kind which nay have incurred prior to the new contract inception date will transfer, assign
or inure to iHealthcare Management II Company;  

f)The
target inception date will be January 7, 2019 and limited only to CAH Acquisition Company 16, LLC D/B/A Haskell County Community
Hospital. 

 

2)TERMS.
 The Parties herby agree as follows:  

 

a)The
parties acknowledge that under this Business Development Agreement, the Parties agree to mutually work together to grow the business
model and create new revenue lines that are currently not operational.  

b)The
contracts, once executed, must have a 10-year non-cancelable term with renewals. 

 

3)CONSIDERATION:
With this in mind, the consideration for this business development effort will be a Success Fee structured as a Promissory Note
and Stock as follows:  

 

a)Success
Fee: $643,172.00 

1.The
Success Fee will be earned upon delivery of a legally binding and executed Management and Administrative Services Agreement.  
The Success Fee is based on a negotiated value.   

 

b)Terms
in General:  

1.iHealthcare
shall issue a Promissory Note for 100% of the agreed value under this Business Development Agreement.  

2.Promissory
Note will have a 10 year term and 4% simple annual interest on the unpaid balance.  

3.Payment:
Promissory Note may be prepaid without penalty, in full or in part, in cash or common stock at the option of iHealthcare. 

4.Default:
In the event of a default, iHealthcare shall be granted 45 days to cure, as stipulated in the Management and Administrative Services
Agreement. 

5.Security:
In the event of failure to cure the default after the 45-day period and remedy specified in the
Management and Administrative Services Agreement, the management agreement shall be surrendered to the Lender as security. 

6.Adjustments:
In the event that any of the named hospitals closes or is placed in receivership, files for bankruptcy, becomes insolvent or is
assigned to creditors, the portion of the Success Fee allocated to that specific hospital only shall be adjusted accordingly and
the associated portion of the Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced
to reflect that portion for the remaining term of the note.  

7.Offsets:
This Agreement is based on the premise that the Hospital Management and Administrative Services Agreements will be in effect for
10 full years which enables  

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iHealthcare to fund the payments for the Promissory
Note during this term. Therefore, there may be a pro rata offset to the balance of the Promissory Note if one or more of the following
occur during the ten-year term:

a)Any
early cancellation or termination of the contract that is not as a result of breach of contract by iHealthcare. 

b)Failure
to enforce the tagalong provision of the contract. 

c)A
Hospital ownership action to close the hospital. 

d)Loss
or suspension of Hospital License or Medicare Provider status relating to events occurring prior to closing. 

e)In
the event that the hospital closes or is placed in receivership, files for bankruptcy, becomes insolvent or is assigned to creditors,
the portion of the Success Fee listed in the Business Development Agreement shall be adjusted accordingly and the remaining portion
of this Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced to reflect that portion
for the remaining term of the note. 

f)Any
Offset is subject to arbitration and other remedies as specified in the Hospital Management and Administrative Services Agreement.
  

g)Liabilities
incurred prior to closing.  

 

c)Terms
of Preferred B Stock from iHealthcare, Inc:  

 

1.Success
Event: Final delivery of a fully executed, legally binding management contract for CAH Acquisition Company 16, LLC D/B/A Haskell
County Community Hospital. 

2.Preferred
Series B Shares: A total of 36,362 Preferred Series B Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success Fee of this Agreement.   

3.Conversion
Value: One share of Preferred B for one share of Common Stock - Converted at the option of the Holder.  

4.Restrictions:
Shares will be restricted for 6 months from issuance per SEC regulations. 

5.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

6.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering. 

7.Voting:
Preferred B Shares are voting as one vote per share. 

8.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred B and Common stock to meet the obligations of this agreement. 

9.Interest:
No interest is paid or due on equity offers. 

10.Conditions:
The specific terms of Preferred B Shares are set and fixed by iHealthcare’s Articles of Incorporation. 

 

d)Terms
of Preferred C Stock from iHealthcare Inc:     

1.Success
Event: Final delivery of a legally binding Management and administrative Services Agreement for: CAH Acquisition Company 16, LLC
D/B/A Haskell County Community Hospital.  

2.Preferred
Series C Shares: A total of 36,362 Preferred Series C Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success  

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Fee of this Agreement.  Terms will be listed
and Certificate of Designation for Preferred C Shares filed with the State of Delaware along with Board Resolution.   

3.Convertible
Note: The 36,362 Preferred Shares C will be issued as a Convertible Note to the Perez – Tio Family Trust. 

4.Conversion:
The Conversion value is one share of Preferred Stock to one share of Common Stock 

5.Value
Assurance Guarantee:  When converted from Preferred Shares to Common Stock, iHealthcare guarantees a minimum value, only on
the date of conversion, of $1.00 per share converted. If the value of the Common Stock trading on that day is below $1.00 per share,
the company will issue sufficient additional Common Stock share’s so that the total value of the redeemed converted Preferred
Stock redeemed to Common Stock equals a minimum of $1.00 per share based on the conversion date’s closing per share value
of Common Stock. If the value is in excess of $1.00 per share on the date of conversion, the share conversion remains 1:1 and the
Holder shall retain the upside value, if any. Common stock must be trading on a public exchange to qualify. 

6.Restricted
Share Tranches and Vesting: When each restricted share tranche reaches maturity in the Convertible Note on the following schedule
of performance, the note will covert to Preferred Shares as listed, at the option of the Holder.  

a)36,362
shares vested upon closing.   

7.Restricted
Share Conversion Schedule: Vested Preferred shares may convert and then shall be exercisable for conversion to Common Stock, all
or in part or none, at the option of the Holder only after the closing of the new management contracts, the following schedule:
 

a)36,362
– 12 months from date of closing. 

8.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

9.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering.  

10.Voting:
Preferred C Shares are non-voting until converted to Common Stock.  

11.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred C and Common stock to meet the obligations of this agreement. 

12.Interest:
No interest is paid or due on equity offers. 

 

1)NONDISCLOSURE
AND NONUSE OF CONFIDENTIAL INFORMATION.   

 

a)The
Parties acknowledge that they each have, may obtain or may develop certain Confidential Information (as defined below) in the ordinary
course of their business and that the Parties may learn of, or have access to, each other’s Confidential Information during
the course of their business relationship with each other. 

 

b)For
the purposes of this Agreement, the term “Confidential Information” shall mean any and all confidential and/or proprietary
knowledge, data, information or trade secrets used, obtained, or developed by or for a Party that is treated as confidential by
that Party, or is of a nature that should reasonably be understood by the receiving Party to be confidential, and is not and otherwise
would not be regularly and routinely available to the general public.  The term “Confidential Information,” includes,
without  

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limitation, information and data, whether in written,
oral, graphic or machine-readable form, but shall not include that which is (i) publicly available by other than unauthorized means,
(ii) disclosed to others by the disclosing Party or other proper Party without restriction, (iii) rightfully received from a third
party without restriction, (iv) discoverable by common observation, through publicly or commercially available sources, or by inspection
or analysis of products in the market place, or (v) general skill and knowledge.

 

c)The
receiving Party hereby agrees to comply with any and all of the disclosing Party’s commercially reasonable policies and procedures
for the protection of Confidential Information and, except as required by law or by the nature of receiving Party’s duties
for the disclosing Party or with the prior written approval of an authorized officer of the disclosing Party, receiving Party will
not, during its business relationship with disclosing Party or at any time thereafter, use or disclose, directly or indirectly
in any manner, any Confidential Information of the disclosing Party, including the fact that Confidential Information has been
made available to the receiving Party for any purpose other than in furtherance of the business relationship with disclosing Party.
The provisions of this Agreement regarding disclosure and use of Confidential Information shall survive the termination or expiration
of this Agreement and shall be effective forever.  

 

d)The
receiving Party hereby agrees that any Confidential Information is and shall remain the sole and exclusive property of the disclosing
Party for use in the disclosing Party’s business and shall be used solely in connection with furtherance of the business
relationship with disclosing Party and shall not be used by receiving Party, directly or indirectly, in any other manner whatsoever.
 Under no circumstances whatsoever shall receiving Party have any proprietary or other legal right to the disclosing Party’s
Confidential Information during, or subsequent to the termination or cessation of, the business relationship of the Parties. 

 

e)The
receiving Party hereby agrees not to disclose, copy, or remove from the premises of the disclosing Party any documents, records,
tapes or other media or format that contain or may contain Confidential Information, except as required by the nature of receiving
Party’s duties for the disclosing Party or as otherwise approved in writing by an authorized officer of the disclosing Party.
 Upon termination or cessation of the business relationship of the Parties, regardless of the reason for such termination
or cessation, receiving Party hereby agrees to return immediately to the disclosing Party, or destroy at the disclosing Party’s
discretion, all originals and copies of documents, records, tapes, or any other media or format that contain or may contain Confidential
Information. Furthermore, all Confidential Information belonging to disclosing Party will be and remain solely the property of
disclosing Party.  Any such return or destruction, as applicable, of Confidential Information shall be certified in writing
by receiving Party to disclosing Party within three (3) days of the return or destruction. Any Confidential Information that is
not returned or destroyed, including any oral Confidential Information, will continue to be kept confidential and subject of the
terms of this Agreement.  

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f)In
the event receiving Party is legally compelled to disclose Confidential Information belonging to disclosing Party, the receiving
Party shall promptly notify disclosing Party of each such requirement so that disclosing Party may seek a protective order or other
appropriate remedy and/or waive compliance with the provisions of this Agreement. In any such event, receiving Party will only
disclose such Confidential Information that s/he/it is advised by counsel to disclose and legally required to be disclosed and
shall exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to such Confidential Information. 

 

g)The
receiving Party’s access to Confidential Information shall automatically terminate at the termination or expiration of the
relationship between the Parties with respect to the subject matter of this Agreement. Notwithstanding the foregoing, disclosing
Party may immediately terminate access to its Confidential Information at any time. 

 

h)Neither
of the Parties to this Agreement shall make any announcement of the proposed transaction contemplated by this Agreement, without
the prior written approval of the other, which approval will not be unreasonably withheld or delayed.   The foregoing
shall not restrict in any respect the Party’s ability to communicate information concerning this Agreement, and the transactions
contemplated hereby, to their respective affiliates’, officers, directors, employees and professional advisers; and, (to
the extent relevant), to third parties whose consent is required in connection with the transaction contemplated by this Agreement. 

 

 

2)NON-CIRCUMVENTION.
  

 

a)The
Parties understand that in the performance of this Agreement they may each reveal to each other, contacts and relationships which
are not otherwise known to the general public or to whom the general public may otherwise not have access. 

 

b)The
Parties will not in any manner solicit, nor do business in any manner with individuals, entities, related parties or their affiliates
(“Source(es)”), which were made available to them through this Agreement by the other Party, without the express permission
of the party who made available the Source; 

 

c)Source
shall include, without limitation, any contact, contract or transaction with all persons, companies (e.g., limited liability companies,
etc.), firms, partnerships (e.g., general partnerships, limited liability partnerships, etc.), corporations (e.g., domestic, foreign,
international), co-ventures, joint ventures, trusts or any other entity with which they or any associate, agent, employee, or representative
are or may be in any way associated or concerned, no matter the country of origin or origination of the association. 

 

d)A
Party will not attempt either directly or indirectly, for the purposes of circumventing the other Party, to make any contact with
any individual or entity, including without limitation relationships, customers or clients, whose identity is made known to one
 

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Party solely in connection with their relationship
with the other Party, as contemplated by this Agreement, without the prior written approval of such other Party. The identity of
such individuals and entities shall be deemed proprietary and valuable to the Party in whose knowledge, such identity currently
resides.

 

e)The
Parties will maintain complete confidentiality regarding each other’s Sources and will disclose such Sources only to third
parties only pursuant to the express written permission of the Party who made available the Source; 

 

f)The
Parties will not disclose names, addresses, e-mail address, telephone and tele-fax or telex numbers to any Sources, to third parties
and the Parties each recognize such Sources as the exclusive property of the providing Party and they will not enter into any direct
negotiations or transactions with such Sources revealed by the other Party; 

 

g)The
Parties further undertake not to enter into business transaction with banks, iHealthcare’s sources of funds or other bodies,
the names of which have been provided by one of the Parties to this agreement, unless written permission has been obtained from
the other Party to do so.  

 

h)The
Parties also undertake not to make use of a third party to circumvent this clause. 

 

3)COVENANT
NOT TO COMPETE 

 

a)In
accordance with this Agreement, the Parties will gain knowledge of certain proprietary information belonging to the other Party
and valuable confidential business or professional information. The Parties may also acquire substantial relationships with specific
prospective or existing customers or clients and gain customer or client goodwill associated with the Parties’ ongoing business
or professional practice. The Parties may additionally be provided with extraordinary or specialized training, specific to the
Parties’ field of business and specific business. In light of the above, the Parties acknowledges and agrees that the they
each are entitled to a Covenant Not To Compete and such restraint is reasonably necessary to protect the legitimate business interest
or interests of the Parties, to the extent that there is an Ongoing Entity. 

 

b)Accordingly,
during the Parties’ relationship with each other and for a period of 10 years from the date of this Agreement, for any reason,
the Parties shall not, directly or indirectly, through another person or entity, compete with the each other anywhere where the
Ongoing Entity does business or owns an interest in or, as principal, agent, contractor, consultant, or employee or otherwise,
engages in activities for or renders services to any firm or business that competes with the Ongoing Entity, “Compete”
being defined as conducting business in the marketplace, contracting for hospital management services and all related marketing
models and business models. The territory shall be deemed to initially be the United States of America and such other locations
as the Ongoing Entity may be doing business at any time and also those States in which Ongoing Entity has reasonably advanced toward
doing business.  

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c)“Compete”
shall additionally include without limitation, soliciting, providing services to, or otherwise engaging in a business transaction
with customers or clients of the Ongoing Entity or any affiliate of the Ongoing Entity, or directly or indirectly soliciting for
employment any of the Ongoing Entity’s employees, or the employees of any of the Ongoing Entity’s affiliates. 

 

 

4)INDEMNIFICATION
AND MUTUAL HOLD HARMLESS 

 

(a) Perez shall indemnify, defend and hold harmless iHealthcare
and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of any and
all losses, claims, damages, causes of action, actions, obligations, liabilities, deficiencies, suits, proceedings, actual out-of-pocket
obligations and expenses (including cost of investigation, interest, penalties and reasonable attorneys' fees) (collectively, "Losses")
arising out of or due to the operation of the Business or relating to events prior to closing by iHealthcare, its affiliates, agents,
servants and/or employees after Closing  under the provisions of this Agreement. The obligations set forth in this Section
7(a) shall survive for a period of ten (10 years following the Expiration Date.

 

(b) iHealthcare shall indemnify, defend and hold harmless
Perez and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of
any and all Losses arising out of or due to gross negligence of the Manager, its affiliates, agents, servants and/or employees
prior to and during the commencement of the term of this Agreement. The obligations set forth in this Section 7(b) shall survive
for a period of ten (10) years following the Expiration Date.

 

(c) If a party entitled to indemnification (the "Indemnitee")
receives notice of any claim or the commencement of any action or proceeding with respect to which a party is obligated to provide
indemnification (the "Indemnifying Party") pursuant to subsections (a) and (b) of this Section, the Indemnitee shall
promptly give the Indemnifying Party notice thereof (Indemnification Notice"). Such Indemnification Notice shall be a condition
precedent to any liability of the Indemnifying Party under the provisions for indemnification contained in this Agreement. Except
as provided below, the Indemnifying Party may compromise, settle or defend, at such Indemnifying Party's own expense and by such
Indemnifying Party's own counsel, any such matter involving the asserted liability of the Indemnitee. In any event, the Indemnitee,
the Indemnifying Party and the Indemnifying Party's counsel shall cooperate in the compromise of, or defense against, any such
asserted liability. If the Indemnifying Party provides the Indemnitee a defense to a third party claim at the Indemnifying Party's
cost with a qualified attorney, Indemnitee may participate and/or monitor the defense with an attorney of the Indemnitee's selection
(at the Indemnitee's own expense). Provided that the Indemnifying Party pays for the full cost of the settlement of any claim,
the Indemnifying Party may settle any claim without the consent of the Indemnitee. If the Indemnifying Party chooses to defend
any claim, the Indemnitee shall make available to the Indemnifying Party any books, records or other documents within its control
that are necessary or appropriate for such defense.

 

8. LIMITATION OF LIABILITY

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NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL,
CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT DAMAGES ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF
ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS PARAGRAPH IS INTENDED TO LIMIT OR
RESTRICT THE INDEMNIFICATION RIGHTS OR OBLIGATIONS OF ANY PARTY UNDER SECTION 7, OR DAMAGES AVAILABLE FOR BREACHES OF THE OBLIGATIONS
SET FORTH IN SECTION 7.

 

a)Upon
request of any Party to this Agreement, the requested Party(ies) shall take such further actions, and shall cause its (their) personnel,
agents, and employees to take such further actions, including execution and delivery of documents, that may reasonably be deemed
necessary or desirable to accomplish or evidence more further the objectives and intent of this Agreement.   

 

b)This
Agreement contains the complete understanding between the Parties and shall as of the date hereof, supersede all other agreements,
whether they are written or oral, between the Parties concerning the particular subject matter.  Paragraphs 2 through 11 constitute
a binding contract and will continue in full force and effect surviving the termination of this Agreement.  Paragraph 1 is
a statement of interest and intent to do business, but as set forth above, Paragraph 1 shall become binding to the extent that
the Parties complete Due Diligence (as defined below) and iHealthcare elects to proceed, or where iHealthcare provides any capital
to Perez, without a more formal writing, the substantive terms herein shall be conclusive as to the agreement of the Parties.  Further,
to the extent that additional substantive terms are in issue, the course of conduct of the Parties shall be controlling as to such
terms. 

 

c)No
waiver or modification of this Agreement or any covenant, condition or limitation herein contained shall be valid and no evidence
of waiver or modification shall be offered or received in evidence in any proceeding, arbitration or litigation between the Parties
hereto arising out of or affecting this Agreement or the rights or obligations of the Parties hereunder, unless such waiver or
modification is in writing duly signed by all Parties, or in an email exchange where both Parties have commented. 

 

d)All
agreements and covenants contained herein are severable, and in the event that any of them shall be held to be invalid by any competent
court, this Agreement shall be interpreted as if such invalid agreement or covenant is not contained herein. 

 

e)The
failure of any Party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall
not be construed as a waiver of future performance of any such term, covenant, or condition, but the obligations of any Party with
respect thereto shall continue in full force and effect. 

 

f)Neither
this Agreement nor any interest herein may be assigned in whole or in part by any Party hereto without the prior written consent
of all other Parties. 

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g)The
terms and existence of this Agreement are confidential, and neither the contents nor its details of the Agreement may be shown
or disclosed by either Party, except to those individuals with who have a need to know as a result of being involved in or related
to this Agreement. 

 

h)In
addition to any remedies under the applicable law, the Parties recognize that any breach or violation of any provision of this
Agreement may cause irreparable harm to the other Party, which money damages may not necessarily remedy. Therefore, upon any actual
or impending violation of any provision of this Agreement, either Party may obtain from any court of competent jurisdiction a preliminary,
temporary or permanent injunction, restraining or enjoining such violation by the other Party or any entity or person acting in
concert with that Party. 

 

i)This
Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida. IF A DISPUTE ARISES, THE PARTIES
WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE A SINGLE ARBITRATOR FROM JUDICIAL
ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”); AND (b) WAIVE ANY RIGHT TO CIVIL TRIAL BY JUDGE OR JURY.  Notwithstanding
the foregoing, all claims alleging violation of restrictive covenants, mishandling of Confidential Information, or transgression
of intellectual property rights, shall be subject to the exclusive jurisdiction, in Miami, Florida, of either the Florida state
courts or the US District Court.  Before accepting appointment, the arbitrator shall agree: (a) that the arbitrator’s
award shall be made within nine (9) months of the filing of a notice of intention (or demand) to arbitrate  (but it may be
extended by written agreement of the parties); (b) to base any decision or award on governing law; (c) to not award punitive or
other damages that are not measured by the prevailing party’s actual damages, except as may be required by statute; and (d)
to issue an award in writing within ten (10) days of concluding the presentation of evidence and briefs.  Judgment may be
entered in any court having jurisdiction thereof.  The prevailing party shall be entitled to recover from the other party
its costs and expenses, including reasonable attorney’s fees. 

 

j)Authority:
Perez have full power and authority and are legally authorized to execute and bind the hospitals to new management contracts for
the benefit of iHealthcare, Inc.  

 

a.The
Parties further agree: 

 

1.To
the extent that they are not in conflict with this document, that the use of electronic messages shall create valid and enforceable
rights and obligations between them; and 

 

2.That
to the extent permitted under the applicable law, electronic messages shall be admissible as evidence, provided that such electronic
messages are sent to addresses and in formats, if any, designated either expressly or implicitly by the addresses; and  

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3.Not
to challenge the validity of any communication or agreement between them solely on the ground of the use of electronic means, whether
or not such use was reviewed by any natural person. 

 

1.This
Agreement may be executed in separate counterparts all of which shall be deemed to be one (1) agreement. 

 

 

 

SIGNATURE PAGE TO FOLLOW

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IN WITNESS WHEREOF, the Parties have caused this Agreement
to be Accepted and Agreed to as of January 7, 2019.

 

 

 

JORGE A. PEREZiHealthcare Management II Company 

 

 

 

By: /s/ Jorge A. Perez By:  /s/ Noel
Mijares   

Jorge A. Perez                         
Noel Mijares, Chief Executive Officer 

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BUSINESS DEVELOPMENT AGREEMENT

Hillsboro Community Hospital

 

This document (“Agreement”)
reflects the agreement of iHealthcare Management II Company, a Florida Corporation with an address of 3901 NW 28th Street,
2nd Floor, Miami, Florida 33142, (“iHealthcare”) and Jorge A. Perez with an address of 13595 SW 134 Avenue,
Suite 209, Miami, Florida, 33186 , (“Perez”) (hereinafter, collectively iHealthcare and Perez are also known as the
“Parties,” or individually as a “Party”) to engage in business on the terms set forth below, as well as
such other terms and conditions as the Parties may agree.  The Parties may reduce the terms listed below to a more complete
written agreement, but they are not required to do so.

 

WHEREAS, iHealthcare is in the hospital management
business through its wholly owned subsidiary iHealthcare Management II Company and desires to expand its hospital management business; 

WHEREAS, Perez has demonstrated a track record
of developing and securing hospital management contracts; 

WHEREAS, the Parties desire to use their respective
assets for the common goal of assisting the rural healthcare landscape, driving healthcare insurance costs down, providing innovative
products and tools, and growing a small footprint of Hospitals and Service Offerings into a major sustainable business that will
serve communities throughout the United States; 

WHEREAS, the Parties consider their ongoing
relationship and potential business relationship to be independently valuable;  

NOW, THEREFORE, for and in consideration of the ongoing
and potential relationship between iHealthcare and Perez, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, iHealthcare and Perez, intending to be legally bound, do hereby agree as follows and acknowledge
the above recitals as true and incorporated herein, and: 

 

1)BUSINESS
DEVELOPMENT ENGAGEMENT:  

 

a)iHealthcare
hereby engages Perez to deliver a certain valid, binding, exclusive and executed hospital management contract for new business
for and on behalf of iHealthcare Management II Company;  

b)Perez
shall utilize the iHealthcare Management II Company contract template [attached]; 

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c)Perez
shall obtain any required consents, authorizations and binding approvals necessary to deliver an executed binding ten-year contracts
for hospital management services to iHealthcare Management II Company;  

d)Perez
will ensure iHealthcare is the exclusive provider of management services under these new agreements; 

e)Perez
will ensure that no liabilities of any kind which nay have incurred prior to the new contract inception date will transfer, assign
or inure to iHealthcare Management II Company;  

f)The
target inception date will be January 7, 2019 and limited only to CAH Acquisition Company 5, LLC D/B/A Hillsboro Community Hospital. 

 

2)TERMS.
 The Parties herby agree as follows:  

 

a)The
parties acknowledge that under this Business Development Agreement, the Parties agree to mutually work together to grow the business
model and create new revenue lines that are currently not operational.  

b)The
contracts, once executed, must have a 10-year non-cancelable term with renewals. 

 

3)CONSIDERATION:
With this in mind, the consideration for this business development effort will be a Success Fee structured as a Promissory Note
and Stock as follows:  

 

a)Success
Fee: $900,600.00 

1.The
Success Fee will be earned upon delivery of a legally binding and executed Management and Administrative Services Agreement.  
The Success Fee is based on a negotiated value.   

 

b)Terms
in General:  

1.iHealthcare
shall issue a Promissory Note for 100% of the agreed value under this Business Development Agreement.  

2.Promissory
Note will have a 10 year term and 4% simple annual interest on the unpaid balance.  

3.Payment:
Promissory Note may be prepaid without penalty, in full or in part, in cash or common stock at the option of iHealthcare. 

4.Default:
In the event of a default, iHealthcare shall be granted 45 days to cure, as stipulated in the Management and Administrative Services
Agreement. 

5.Security:
In the event of failure to cure the default after the 45-day period and remedy specified in the
Management and Administrative Services Agreement, the management agreement shall be surrendered to the Lender as security. 

6.Adjustments:
In the event that any of the named hospitals closes or is placed in receivership, files for bankruptcy, becomes insolvent or is
assigned to creditors, the portion of the Success Fee allocated to that specific hospital only shall be adjusted accordingly and
the associated portion of the Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced
to reflect that portion for the remaining term of the note.  

7.Offsets:
This Agreement is based on the premise that the Hospital Management and Administrative Services Agreements will be in effect for
10 full years which enables  

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iHealthcare to fund the payments for the Promissory
Note during this term. Therefore, there may be a pro rata offset to the balance of the Promissory Note if one or more of the following
occur during the ten-year term:

a)Any
early cancellation or termination of the contract that is not as a result of breach of contract by iHealthcare. 

b)Failure
to enforce the tagalong provision of the contract. 

c)A
Hospital ownership action to close the hospital. 

d)Loss
or suspension of Hospital License or Medicare Provider status relating to events occurring prior to closing. 

e)In
the event that the hospital closes or is placed in receivership, files for bankruptcy, becomes insolvent or is assigned to creditors,
the portion of the Success Fee listed in the Business Development Agreement shall be adjusted accordingly and the remaining portion
of this Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced to reflect that portion
for the remaining term of the note. 

f)Any
Offset is subject to arbitration and other remedies as specified in the Hospital Management and Administrative Services Agreement.
  

g)Liabilities
incurred prior to closing.  

 

c)Terms
of Preferred B Stock from iHealthcare, Inc:  

 

1.Success
Event: Final delivery of a fully executed, legally binding management contract for CAH Acquisition Company 5, LLC D/B/A Hillsboro
Community Hospital. 

2.Preferred
Series B Shares: A total of 36,362 Preferred Series B Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success Fee of this Agreement.   

3.Conversion
Value: One share of Preferred B for one share of Common Stock - Converted at the option of the Holder.  

4.Restrictions:
Shares will be restricted for 6 months from issuance per SEC regulations. 

5.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

6.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering. 

7.Voting:
Preferred B Shares are voting as one vote per share. 

8.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred B and Common stock to meet the obligations of this agreement. 

9.Interest:
No interest is paid or due on equity offers. 

10.Conditions:
The specific terms of Preferred B Shares are set and fixed by iHealthcare’s Articles of Incorporation. 

 

d)Terms
of Preferred C Stock from iHealthcare Inc:     

1.Success
Event: Final delivery of a legally binding Management and administrative Services Agreement for: CAH Acquisition Company 5, LLC
D/B/A Hillsboro Community Hospital.  

2.Preferred
Series C Shares: A total of 36,362 Preferred Series C Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success  

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Fee of this Agreement.  Terms will be listed
and Certificate of Designation for Preferred C Shares filed with the State of Delaware along with Board Resolution.   

3.Convertible
Note: The 36,362 Preferred Shares C will be issued as a Convertible Note to the Perez – Tio Family Trust. 

4.Conversion:
The Conversion value is one share of Preferred Stock to one share of Common Stock 

5.Value
Assurance Guarantee:  When converted from Preferred Shares to Common Stock, iHealthcare guarantees a minimum value, only on
the date of conversion, of $1.00 per share converted. If the value of the Common Stock trading on that day is below $1.00 per share,
the company will issue sufficient additional Common Stock share’s so that the total value of the redeemed converted Preferred
Stock redeemed to Common Stock equals a minimum of $1.00 per share based on the conversion date’s closing per share value
of Common Stock. If the value is in excess of $1.00 per share on the date of conversion, the share conversion remains 1:1 and the
Holder shall retain the upside value, if any. Common stock must be trading on a public exchange to qualify. 

6.Restricted
Share Tranches and Vesting: When each restricted share tranche reaches maturity in the Convertible Note on the following schedule
of performance, the note will covert to Preferred Shares as listed, at the option of the Holder.  

a)36,362
shares vested upon closing.   

7.Restricted
Share Conversion Schedule: Vested Preferred shares may convert and then shall be exercisable for conversion to Common Stock, all
or in part or none, at the option of the Holder only after the closing of the new management contracts, the following schedule:
 

a)36,362
– 12 months from date of closing. 

8.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

9.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering.  

10.Voting:
Preferred C Shares are non-voting until converted to Common Stock.  

11.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred C and Common stock to meet the obligations of this agreement. 

12.Interest:
No interest is paid or due on equity offers. 

 

 

1)NONDISCLOSURE
AND NONUSE OF CONFIDENTIAL INFORMATION.   

 

a)The
Parties acknowledge that they each have, may obtain or may develop certain Confidential Information (as defined below) in the ordinary
course of their business and that the Parties may learn of, or have access to, each other’s Confidential Information during
the course of their business relationship with each other. 

 

b)For
the purposes of this Agreement, the term “Confidential Information” shall mean any and all confidential and/or proprietary
knowledge, data, information or trade secrets used, obtained, or developed by or for a Party that is treated as confidential by
that Party, or is of a nature that should reasonably be understood by the receiving Party to be confidential, and is not and otherwise
would not be regularly and routinely  

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available to the general public.  The term
“Confidential Information,” includes, without limitation, information and data, whether in written, oral, graphic or
machine-readable form, but shall not include that which is (i) publicly available by other than unauthorized means, (ii) disclosed
to others by the disclosing Party or other proper Party without restriction, (iii) rightfully received from a third party without
restriction, (iv) discoverable by common observation, through publicly or commercially available sources, or by inspection or analysis
of products in the market place, or (v) general skill and knowledge.

 

c)The
receiving Party hereby agrees to comply with any and all of the disclosing Party’s commercially reasonable policies and procedures
for the protection of Confidential Information and, except as required by law or by the nature of receiving Party’s duties
for the disclosing Party or with the prior written approval of an authorized officer of the disclosing Party, receiving Party will
not, during its business relationship with disclosing Party or at any time thereafter, use or disclose, directly or indirectly
in any manner, any Confidential Information of the disclosing Party, including the fact that Confidential Information has been
made available to the receiving Party for any purpose other than in furtherance of the business relationship with disclosing Party.
The provisions of this Agreement regarding disclosure and use of Confidential Information shall survive the termination or expiration
of this Agreement and shall be effective forever.  

 

d)The
receiving Party hereby agrees that any Confidential Information is and shall remain the sole and exclusive property of the disclosing
Party for use in the disclosing Party’s business and shall be used solely in connection with furtherance of the business
relationship with disclosing Party and shall not be used by receiving Party, directly or indirectly, in any other manner whatsoever.
 Under no circumstances whatsoever shall receiving Party have any proprietary or other legal right to the disclosing Party’s
Confidential Information during, or subsequent to the termination or cessation of, the business relationship of the Parties. 

 

e)The
receiving Party hereby agrees not to disclose, copy, or remove from the premises of the disclosing Party any documents, records,
tapes or other media or format that contain or may contain Confidential Information, except as required by the nature of receiving
Party’s duties for the disclosing Party or as otherwise approved in writing by an authorized officer of the disclosing Party.
 Upon termination or cessation of the business relationship of the Parties, regardless of the reason for such termination
or cessation, receiving Party hereby agrees to return immediately to the disclosing Party, or destroy at the disclosing Party’s
discretion, all originals and copies of documents, records, tapes, or any other media or format that contain or may contain Confidential
Information. Furthermore, all Confidential Information belonging to disclosing Party will be and remain solely the property of
disclosing Party.  Any such return or destruction, as applicable, of Confidential Information shall be certified in writing
by receiving Party to disclosing Party within three (3) days of the return or destruction. Any Confidential Information that is
not returned or destroyed, including any oral  

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Confidential Information, will continue to be
kept confidential and subject of the terms of this Agreement.

f)In
the event receiving Party is legally compelled to disclose Confidential Information belonging to disclosing Party, the receiving
Party shall promptly notify disclosing Party of each such requirement so that disclosing Party may seek a protective order or other
appropriate remedy and/or waive compliance with the provisions of this Agreement. In any such event, receiving Party will only
disclose such Confidential Information that s/he/it is advised by counsel to disclose and legally required to be disclosed and
shall exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to such Confidential Information. 

 

g)The
receiving Party’s access to Confidential Information shall automatically terminate at the termination or expiration of the
relationship between the Parties with respect to the subject matter of this Agreement. Notwithstanding the foregoing, disclosing
Party may immediately terminate access to its Confidential Information at any time. 

 

h)Neither
of the Parties to this Agreement shall make any announcement of the proposed transaction contemplated by this Agreement, without
the prior written approval of the other, which approval will not be unreasonably withheld or delayed.   The foregoing
shall not restrict in any respect the Party’s ability to communicate information concerning this Agreement, and the transactions
contemplated hereby, to their respective affiliates’, officers, directors, employees and professional advisers; and, (to
the extent relevant), to third parties whose consent is required in connection with the transaction contemplated by this Agreement. 

 

 

2)NON-CIRCUMVENTION.
  

 

a)The
Parties understand that in the performance of this Agreement they may each reveal to each other, contacts and relationships which
are not otherwise known to the general public or to whom the general public may otherwise not have access. 

 

b)The
Parties will not in any manner solicit, nor do business in any manner with individuals, entities, related parties or their affiliates
(“Source(es)”), which were made available to them through this Agreement by the other Party, without the express permission
of the party who made available the Source; 

 

c)Source
shall include, without limitation, any contact, contract or transaction with all persons, companies (e.g., limited liability companies,
etc.), firms, partnerships (e.g., general partnerships, limited liability partnerships, etc.), corporations (e.g., domestic, foreign,
international), co-ventures, joint ventures, trusts or any other entity with which they or any associate, agent, employee, or representative
are or may be in any way associated or concerned, no matter the country of origin or origination of the association. 

 

d)A
Party will not attempt either directly or indirectly, for the purposes of circumventing  

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the other Party, to make any contact with any
individual or entity, including without limitation relationships, customers or clients, whose identity is made known to one Party
solely in connection with their relationship with the other Party, as contemplated by this Agreement, without the prior written
approval of such other Party. The identity of such individuals and entities shall be deemed proprietary and valuable to the Party
in whose knowledge, such identity currently resides.

 

e)The
Parties will maintain complete confidentiality regarding each other’s Sources and will disclose such Sources only to third
parties only pursuant to the express written permission of the Party who made available the Source; 

 

f)The
Parties will not disclose names, addresses, e-mail address, telephone and tele-fax or telex numbers to any Sources, to third parties
and the Parties each recognize such Sources as the exclusive property of the providing Party and they will not enter into any direct
negotiations or transactions with such Sources revealed by the other Party; 

 

g)The
Parties further undertake not to enter into business transaction with banks, iHealthcare’s sources of funds or other bodies,
the names of which have been provided by one of the Parties to this agreement, unless written permission has been obtained from
the other Party to do so.  

 

h)The
Parties also undertake not to make use of a third party to circumvent this clause. 

 

3)COVENANT
NOT TO COMPETE 

 

a)In
accordance with this Agreement, the Parties will gain knowledge of certain proprietary information belonging to the other Party
and valuable confidential business or professional information. The Parties may also acquire substantial relationships with specific
prospective or existing customers or clients and gain customer or client goodwill associated with the Parties’ ongoing business
or professional practice. The Parties may additionally be provided with extraordinary or specialized training, specific to the
Parties’ field of business and specific business. In light of the above, the Parties acknowledges and agrees that the they
each are entitled to a Covenant Not To Compete and such restraint is reasonably necessary to protect the legitimate business interest
or interests of the Parties, to the extent that there is an Ongoing Entity. 

 

b)Accordingly,
during the Parties’ relationship with each other and for a period of 10 years from the date of this Agreement, for any reason,
the Parties shall not, directly or indirectly, through another person or entity, compete with the each other anywhere where the
Ongoing Entity does business or owns an interest in or, as principal, agent, contractor, consultant, or employee or otherwise,
engages in activities for or renders services to any firm or business that competes with the Ongoing Entity, “Compete”
being defined as conducting business in the marketplace, contracting for hospital management services and all related marketing
models and business models. The territory shall be deemed to initially be the United States of America and such other locations
as the Ongoing Entity may be doing business at any time and also those States  

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in which Ongoing Entity has reasonably advanced
toward doing business.

 

c)“Compete”
shall additionally include without limitation, soliciting, providing services to, or otherwise engaging in a business transaction
with customers or clients of the Ongoing Entity or any affiliate of the Ongoing Entity, or directly or indirectly soliciting for
employment any of the Ongoing Entity’s employees, or the employees of any of the Ongoing Entity’s affiliates. 

 

 

4)INDEMNIFICATION
AND MUTUAL HOLD HARMLESS 

 

(a) Perez shall indemnify, defend and hold harmless iHealthcare
and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of any and
all losses, claims, damages, causes of action, actions, obligations, liabilities, deficiencies, suits, proceedings, actual out-of-pocket
obligations and expenses (including cost of investigation, interest, penalties and reasonable attorneys' fees) (collectively, "Losses")
arising out of or due to the operation of the Business or relating to events prior to closing by iHealthcare, its affiliates, agents,
servants and/or employees after Closing  under the provisions of this Agreement. The obligations set forth in this Section
7(a) shall survive for a period of ten (10 years following the Expiration Date.

 

(b) iHealthcare shall indemnify, defend and hold harmless
Perez and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of
any and all Losses arising out of or due to gross negligence of the Manager, its affiliates, agents, servants and/or employees
prior to and during the commencement of the term of this Agreement. The obligations set forth in this Section 7(b) shall survive
for a period of ten (10) years following the Expiration Date.

 

(c) If a party entitled to indemnification (the "Indemnitee")
receives notice of any claim or the commencement of any action or proceeding with respect to which a party is obligated to provide
indemnification (the "Indemnifying Party") pursuant to subsections (a) and (b) of this Section, the Indemnitee shall
promptly give the Indemnifying Party notice thereof (Indemnification Notice"). Such Indemnification Notice shall be a condition
precedent to any liability of the Indemnifying Party under the provisions for indemnification contained in this Agreement. Except
as provided below, the Indemnifying Party may compromise, settle or defend, at such Indemnifying Party's own expense and by such
Indemnifying Party's own counsel, any such matter involving the asserted liability of the Indemnitee. In any event, the Indemnitee,
the Indemnifying Party and the Indemnifying Party's counsel shall cooperate in the compromise of, or defense against, any such
asserted liability. If the Indemnifying Party provides the Indemnitee a defense to a third party claim at the Indemnifying Party's
cost with a qualified attorney, Indemnitee may participate and/or monitor the defense with an attorney of the Indemnitee's selection
(at the Indemnitee's own expense). Provided that the Indemnifying Party pays for the full cost of the settlement of any claim,
the Indemnifying Party may settle any claim without the consent of the Indemnitee. If the Indemnifying Party chooses to defend
any claim, the Indemnitee shall make available to the Indemnifying Party any books, records or other documents within its control
that are necessary or appropriate for such defense.

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8. LIMITATION OF LIABILITY

 

NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL,
CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT DAMAGES ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF
ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS PARAGRAPH IS INTENDED TO LIMIT OR
RESTRICT THE INDEMNIFICATION RIGHTS OR OBLIGATIONS OF ANY PARTY UNDER SECTION 7, OR DAMAGES AVAILABLE FOR BREACHES OF THE OBLIGATIONS
SET FORTH IN SECTION 7.

 

a)Upon
request of any Party to this Agreement, the requested Party(ies) shall take such further actions, and shall cause its (their) personnel,
agents, and employees to take such further actions, including execution and delivery of documents, that may reasonably be deemed
necessary or desirable to accomplish or evidence more further the objectives and intent of this Agreement.   

 

b)This
Agreement contains the complete understanding between the Parties and shall as of the date hereof, supersede all other agreements,
whether they are written or oral, between the Parties concerning the particular subject matter.  Paragraphs 2 through 11 constitute
a binding contract and will continue in full force and effect surviving the termination of this Agreement.  Paragraph 1 is
a statement of interest and intent to do business, but as set forth above, Paragraph 1 shall become binding to the extent that
the Parties complete Due Diligence (as defined below) and iHealthcare elects to proceed, or where iHealthcare provides any capital
to Perez, without a more formal writing, the substantive terms herein shall be conclusive as to the agreement of the Parties.  Further,
to the extent that additional substantive terms are in issue, the course of conduct of the Parties shall be controlling as to such
terms. 

 

c)No
waiver or modification of this Agreement or any covenant, condition or limitation herein contained shall be valid and no evidence
of waiver or modification shall be offered or received in evidence in any proceeding, arbitration or litigation between the Parties
hereto arising out of or affecting this Agreement or the rights or obligations of the Parties hereunder, unless such waiver or
modification is in writing duly signed by all Parties, or in an email exchange where both Parties have commented. 

 

d)All
agreements and covenants contained herein are severable, and in the event that any of them shall be held to be invalid by any competent
court, this Agreement shall be interpreted as if such invalid agreement or covenant is not contained herein. 

 

e)The
failure of any Party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall
not be construed as a waiver of future performance of any such term, covenant, or condition, but the obligations of any Party with
respect thereto shall continue in full force and effect. 

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f)Neither
this Agreement nor any interest herein may be assigned in whole or in part by any Party hereto without the prior written consent
of all other Parties. 

 

g)The
terms and existence of this Agreement are confidential, and neither the contents nor its details of the Agreement may be shown
or disclosed by either Party, except to those individuals with who have a need to know as a result of being involved in or related
to this Agreement. 

 

h)In
addition to any remedies under the applicable law, the Parties recognize that any breach or violation of any provision of this
Agreement may cause irreparable harm to the other Party, which money damages may not necessarily remedy. Therefore, upon any actual
or impending violation of any provision of this Agreement, either Party may obtain from any court of competent jurisdiction a preliminary,
temporary or permanent injunction, restraining or enjoining such violation by the other Party or any entity or person acting in
concert with that Party. 

 

i)This
Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida. IF A DISPUTE ARISES, THE PARTIES
WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE A SINGLE ARBITRATOR FROM JUDICIAL
ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”); AND (b) WAIVE ANY RIGHT TO CIVIL TRIAL BY JUDGE OR JURY.  Notwithstanding
the foregoing, all claims alleging violation of restrictive covenants, mishandling of Confidential Information, or transgression
of intellectual property rights, shall be subject to the exclusive jurisdiction, in Miami, Florida, of either the Florida state
courts or the US District Court.  Before accepting appointment, the arbitrator shall agree: (a) that the arbitrator’s
award shall be made within nine (9) months of the filing of a notice of intention (or demand) to arbitrate  (but it may be
extended by written agreement of the parties); (b) to base any decision or award on governing law; (c) to not award punitive or
other damages that are not measured by the prevailing party’s actual damages, except as may be required by statute; and (d)
to issue an award in writing within ten (10) days of concluding the presentation of evidence and briefs.  Judgment may be
entered in any court having jurisdiction thereof.  The prevailing party shall be entitled to recover from the other party
its costs and expenses, including reasonable attorney’s fees. 

 

j)Authority:
Perez have full power and authority and are legally authorized to execute and bind the hospitals to new management contracts for
the benefit of iHealthcare, Inc.  

 

a.The
Parties further agree: 

 

1.To
the extent that they are not in conflict with this document, that the use of electronic messages shall create valid and enforceable
rights and obligations between them; and 

 

2.That
to the extent permitted under the applicable law, electronic messages shall be admissible as evidence, provided that such electronic
messages are sent to addresses and in formats, if any, designated either expressly or implicitly by the addresses; and  

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3.Not
to challenge the validity of any communication or agreement between them solely on the ground of the use of electronic means, whether
or not such use was reviewed by any natural person. 

 

1.This
Agreement may be executed in separate counterparts all of which shall be deemed to be one (1) agreement. 

 

 

 

SIGNATURE PAGE TO FOLLOW

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IN WITNESS WHEREOF, the Parties have caused this Agreement
to be Accepted and Agreed to as of January 7, 2019.

 

 

 

Jorge A. Perez iHealthcare Management II Company 

 

 

 

 By: /s/ Jorge A. Perez By:  /s/
Noel Mijares   

Jorge A. Perez                         
Noel Mijares, Chief Executive Officer 

 

 

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BUSINESS DEVELOPMENT AGREEMENT

Horton Community Hospital

 

This document (“Agreement”)
reflects the agreement of iHealthcare Management II Company, a Florida Corporation with an address of 3901 NW 28th Street,
2nd Floor, Miami, Florida 33142, (“iHealthcare”) and Jorge A. Perez with an address of 13595 SW 134 Avenue,
Suite 209, Miami, Florida, 33186 , (“Perez”) (hereinafter, collectively iHealthcare and Perez are also known as the
“Parties,” or individually as a “Party”) to engage in business on the terms set forth below, as well as
such other terms and conditions as the Parties may agree. The Parties may reduce the terms listed below to a more complete written
agreement, but they are not required to do so.

 

WHEREAS,
iHealthcare is in the hospital management business through its wholly owned subsidiary iHealthcare Management II Company and desires
to expand its hospital management business;

WHEREAS,
Perez has demonstrated a track record of developing and securing hospital management contracts;

WHEREAS,
the Parties desire to use their respective assets for the common goal of assisting the rural healthcare landscape, driving healthcare
insurance costs down, providing innovative products and tools, and growing a small footprint of Hospitals and Service Offerings
into a major sustainable business that will serve communities throughout the United States;

WHEREAS,
the Parties consider their ongoing relationship and potential business relationship to be independently valuable;

NOW, THEREFORE,
for and in consideration of the ongoing and potential relationship between iHealthcare and Perez, and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, iHealthcare and Perez, intending to be legally bound, do hereby agree
as follows and acknowledge the above recitals as true and incorporated herein, and:

 

		1)	BUSINESS DEVELOPMENT ENGAGEMENT: 

 

		a)	iHealthcare hereby engages Perez to deliver a certain valid, binding,
exclusive and executed hospital management contract for new business for and on behalf of iHealthcare Management II Company; 

		b)	Perez shall utilize the iHealthcare Management II Company contract
template [attached];

		c)	Perez shall obtain any required consents, authorizations and binding
approvals necessary to deliver an executed binding ten-year contracts for hospital management services to iHealthcare Management
II Company; 

		d)	Perez will ensure iHealthcare is the exclusive provider of management
services under these new agreements;

		e)	Perez will ensure that no liabilities of any kind which nay have
incurred prior to the new contract inception date will transfer, assign or inure to iHealthcare Management II Company; 

		f)	The target inception date will be January 7, 2019 and limited only
to CAH Acquisition Company 3, LLC D/B/A Horton Community Hospital.

 

		2)	TERMS. The Parties herby agree as follows: 

 

		a)	The parties acknowledge that under this Business Development Agreement,
the Parties agree to mutually work together to grow the business model and create new revenue lines that are currently not operational.

		b)	The contracts, once executed, must have a 10-year non-cancelable
term with renewals.

 

		3)	CONSIDERATION: With this in mind, the consideration for this
business development effort will be a Success Fee structured as a Promissory Note and Stock as follows: 

 

		a)	Success Fee: $741,898.00

		1.	The Success Fee will be earned upon delivery of a legally binding
and executed Management and Administrative Services Agreement. The Success Fee is based on a negotiated value. 

 

		b)	Terms in General: 

		1.	iHealthcare shall issue a Promissory Note for 100% of the agreed
value under this Business Development Agreement. 

		2.	Promissory Note will have a 10 year term and 4% simple annual interest
on the unpaid balance. 

		3.	Payment: Promissory Note may be prepaid without penalty, in full
or in part, in cash or common stock at the option of iHealthcare.

		4.	Default: In the event of a default, iHealthcare shall be granted
45 days to cure, as stipulated in the Management and Administrative Services Agreement.

		5.	Security: In the event of failure to cure the default after the 45-day
period and remedy specified in the Management and Administrative Services Agreement, the management agreement shall be surrendered
to the Lender as security.

		6.	Adjustments: In the event that any of the named hospitals closes
or is placed in receivership, files for bankruptcy, becomes insolvent or is assigned to creditors, the portion of the Success Fee
allocated to that specific hospital only shall be adjusted accordingly and the associated portion of the Promissory Note shall
be adjusted to reflect the change in event and the balance due shall be reduced to reflect that portion for the remaining term
of the note. 

		7.	Offsets: This Agreement is based on the premise that the Hospital
Management and Administrative Services Agreements will be in effect for 10 full years which enables iHealthcare to fund the payments
for the Promissory Note during this term. Therefore, there may be a pro rata offset to the balance of the Promissory Note if one
or more of the following occur during the ten-year term:

		a)	Any early cancellation or termination of the contract that is not
as a result of breach of contract by iHealthcare.

		b)	Failure to enforce the tagalong provision of the contract.

		c)	A Hospital ownership action to close the hospital.

		d)	Loss or suspension of Hospital License or Medicare Provider status
relating to events occurring prior to closing.

		e)	In the event that the hospital closes or is placed in receivership,
files for bankruptcy, becomes insolvent or is assigned to creditors, the portion of the Success Fee listed in the Business Development
Agreement shall be adjusted accordingly and the remaining portion of this Promissory Note shall be adjusted to reflect the change
in event and the balance due shall be reduced to reflect that portion for the remaining term of the note.

		f)	Any Offset is subject to arbitration and other remedies as specified
in the Hospital Management and Administrative Services Agreement. 

		g)	Liabilities incurred prior to closing. 

 

		c)	Terms of Preferred B Stock from iHealthcare, Inc: 

 

		1.	Success Event: Final delivery of a fully executed, legally binding
management contract for CAH Acquisition Company 3, LLC D/B/A Horton Community Hospital.

		2.	Preferred Series B Shares: A total of 36,362 Preferred Series B Shares
par value $0.0001 per share will be allocated to the Perez -Tio Family Trust, as part of the Success Fee of this Agreement. 

		3.	Conversion Value: One share of Preferred B for one share of Common
Stock - Converted at the option of the Holder. 

		4.	Restrictions: Shares will be restricted for 6 months from issuance
per SEC regulations.

		5.	COC: Accelerated Conversion and call back on then existing terms
at Change of Control.

		6.	Call Option: iHealthcare may call or force conversion all or part
of the stock in the event of a recapitalization or liquidation event or public offering.

		7.	Voting: Preferred B Shares are voting as one vote per share.

		8.	Reserves: iHealthcare Inc. shall reserve sufficient shares of Preferred
B and Common stock to meet the obligations of this agreement.

		9.	Interest: No interest is paid or due on equity offers.

		10.	Conditions: The specific terms of Preferred B Shares are set and
fixed by iHealthcare’s Articles of Incorporation.

 

		d)	Terms of Preferred C Stock from iHealthcare Inc: 

		1.	Success Event: Final delivery of a legally binding Management and
administrative Services Agreement for: CAH Acquisition Company 3, LLC D/B/A Horton Community Hospital. 

		2.	Preferred Series C Shares: A total of 36,362 Preferred Series C Shares
par value $0.0001 per share will be allocated to the Perez -Tio Family Trust, as part of the Success Fee of this Agreement. Terms
will be listed and Certificate of Designation for Preferred C Shares filed with the State of Delaware along with Board Resolution.

		3.	Convertible Note: The 36,362 Preferred Shares C will be issued as
a Convertible Note to the Perez – Tio Family Trust.

		4.	Conversion: The Conversion value is one share of Preferred Stock
to one share of Common Stock

		5.	Value Assurance Guarantee: When converted from Preferred Shares to
Common Stock, iHealthcare guarantees a minimum value, only on the date of conversion, of $1.00 per share converted. If the value
of the Common Stock trading on that day is below $1.00 per share, the company will issue sufficient additional Common Stock share’s
so that the total value of the redeemed converted Preferred Stock redeemed to Common Stock equals a minimum of $1.00 per share
based on the conversion date’s closing per share value of Common Stock. If the value is in excess of $1.00 per share on the
date of conversion, the share conversion remains 1:1 and the Holder shall retain the upside value, if any. Common stock must be
trading on a public exchange to qualify.

		6.	Restricted Share Tranches and Vesting: When each restricted share
tranche reaches maturity in the Convertible Note on the following schedule of performance, the note will covert to Preferred Shares
as listed, at the option of the Holder. 

		a)	36,362 shares vested upon closing. 

		7.	Restricted Share Conversion Schedule: Vested Preferred shares may
convert and then shall be exercisable for conversion to Common Stock, all or in part or none, at the option of the Holder only
after the closing of the new management contracts, the following schedule: 

		a)	36,362 – 12 months from date of closing.

		8.	COC: Accelerated Conversion and call back on then existing terms
at Change of Control.

		9.	Call Option: iHealthcare may call or force conversion all or part
of the stock in the event of a recapitalization or liquidation event or public offering. 

		10.	Voting: Preferred C Shares are non-voting until converted to Common
Stock. 

		11.	Reserves: iHealthcare Inc. shall reserve sufficient shares of Preferred
C and Common stock to meet the obligations of this agreement.

		12.	Interest: No interest is paid or due on equity offers.

 

		2)	NONDISCLOSURE AND NONUSE OF CONFIDENTIAL INFORMATION.

 

		a)	The Parties acknowledge that they each have, may obtain or may develop
certain Confidential Information (as defined below) in the ordinary course of their business and that the Parties may learn of,
or have access to, each other’s Confidential Information during the course of their business relationship with each other.

 

		b)	For the purposes of this Agreement, the term “Confidential
Information” shall mean any and all confidential and/or proprietary knowledge, data, information or trade secrets used, obtained,
or developed by or for a Party that is treated as confidential by that Party, or is of a nature that should reasonably be understood
by the receiving Party to be confidential, and is not and otherwise would not be regularly and routinely available to the general
public. The term “Confidential Information,” includes, without limitation, information and data, whether in written,
oral, graphic or machine-readable form, but shall not include that which is (i) publicly available by other than unauthorized means,
(ii) disclosed to others by the disclosing Party or other proper Party without restriction, (iii) rightfully received from a third
party without restriction, (iv) discoverable by common observation, through publicly or commercially available sources, or by inspection
or analysis of products in the market place, or (v) general skill and knowledge.

 

		c)	The receiving Party hereby agrees to comply with any and all of the
disclosing Party’s commercially reasonable policies and procedures for the protection of Confidential Information and, except
as required by law or by the nature of receiving Party’s duties for the disclosing Party or with the prior written approval
of an authorized officer of the disclosing Party, receiving Party will not, during its business relationship with disclosing Party
or at any time thereafter, use or disclose, directly or indirectly in any manner, any Confidential Information of the disclosing
Party, including the fact that Confidential Information has been made available to the receiving Party for any purpose other than
in furtherance of the business relationship with disclosing Party. The provisions of this Agreement regarding disclosure and use
of Confidential Information shall survive the termination or expiration of this Agreement and shall be effective forever. 

 

		d)	The receiving Party hereby agrees that any Confidential Information
is and shall remain the sole and exclusive property of the disclosing Party for use in the disclosing Party’s business and
shall be used solely in connection with furtherance of the business relationship with disclosing Party and shall not be used by
receiving Party, directly or indirectly, in any other manner whatsoever. Under no circumstances whatsoever shall receiving Party
have any proprietary or other legal right to the disclosing Party’s Confidential Information during, or subsequent to the
termination or cessation of, the business relationship of the Parties.

 

		e)	The receiving Party hereby agrees not to disclose, copy, or remove
from the premises of the disclosing Party any documents, records, tapes or other media or format that contain or may contain Confidential
Information, except as required by the nature of receiving Party’s duties for the disclosing Party or as otherwise approved
in writing by an authorized officer of the disclosing Party. Upon termination or cessation of the business relationship of the
Parties, regardless of the reason for such termination or cessation, receiving Party hereby agrees to return immediately to the
disclosing Party, or destroy at the disclosing Party’s discretion, all originals and copies of documents, records, tapes,
or any other media or format that contain or may contain Confidential Information. Furthermore, all Confidential Information belonging
to disclosing Party will be and remain solely the property of disclosing Party. Any such return or destruction, as applicable,
of Confidential Information shall be certified in writing by receiving Party to disclosing Party within three (3) days of the return
or destruction. Any Confidential Information that is not returned or destroyed, including any oral Confidential Information, will
continue to be kept confidential and subject of the terms of this Agreement. 

		f)	In the event receiving Party is legally compelled to disclose Confidential
Information belonging to disclosing Party, the receiving Party shall promptly notify disclosing Party of each such requirement
so that disclosing Party may seek a protective order or other appropriate remedy and/or waive compliance with the provisions of
this Agreement. In any such event, receiving Party will only disclose such Confidential Information that s/he/it is advised by
counsel to disclose and legally required to be disclosed and shall exercise reasonable efforts to obtain assurance that confidential
treatment will be accorded to such Confidential Information.

 

		g)	The receiving Party’s access to Confidential Information shall
automatically terminate at the termination or expiration of the relationship between the Parties with respect to the subject matter
of this Agreement. Notwithstanding the foregoing, disclosing Party may immediately terminate access to its Confidential Information
at any time.

 

		h)	Neither of the Parties to this Agreement shall make any announcement
of the proposed transaction contemplated by this Agreement, without the prior written approval of the other, which approval will
not be unreasonably withheld or delayed. The foregoing shall not restrict in any respect the Party’s ability to communicate
information concerning this Agreement, and the transactions contemplated hereby, to their respective affiliates’, officers,
directors, employees and professional advisers; and, (to the extent relevant), to third parties whose consent is required in connection
with the transaction contemplated by this Agreement.

 

 

		3)	NON-CIRCUMVENTION. 

 

		a)	The Parties understand that in the performance of this Agreement
they may each reveal to each other, contacts and relationships which are not otherwise known to the general public or to whom the
general public may otherwise not have access.

 

		b)	The Parties will not in any manner solicit, nor do business in any
manner with individuals, entities, related parties or their affiliates (“Source(es)”), which were made available to
them through this Agreement by the other Party, without the express permission of the party who made available the Source;

 

		c)	Source shall include, without limitation, any contact, contract or
transaction with all persons, companies (e.g., limited liability companies, etc.), firms, partnerships (e.g., general partnerships,
limited liability partnerships, etc.), corporations (e.g., domestic, foreign, international), co-ventures, joint ventures, trusts
or any other entity with which they or any associate, agent, employee, or representative are or may be in any way associated or
concerned, no matter the country of origin or origination of the association.

 

		d)	A Party will not attempt either directly or indirectly, for the purposes
of circumventing the other Party, to make any contact with any individual or entity, including without limitation relationships,
customers or clients, whose identity is made known to one Party solely in connection with their relationship with the other Party,
as contemplated by this Agreement, without the prior written approval of such other Party. The identity of such individuals and
entities shall be deemed proprietary and valuable to the Party in whose knowledge, such identity currently resides.

 

		e)	The Parties will maintain complete confidentiality regarding each
other’s Sources and will disclose such Sources only to third parties only pursuant to the express written permission of the
Party who made available the Source;

 

		f)	The Parties will not disclose names, addresses, e-mail address, telephone
and tele-fax or telex numbers to any Sources, to third parties and the Parties each recognize such Sources as the exclusive property
of the providing Party and they will not enter into any direct negotiations or transactions with such Sources revealed by the other
Party;

 

		g)	The Parties further undertake not to enter into business transaction
with banks, iHealthcare’s sources of funds or other bodies, the names of which have been provided by one of the Parties to
this agreement, unless written permission has been obtained from the other Party to do so. 

 

		h)	The Parties also undertake not to make use of a third party to circumvent
this clause.

 

		4)	COVENANT NOT TO COMPETE

 

		a)	In accordance with this Agreement, the Parties will gain knowledge
of certain proprietary information belonging to the other Party and valuable confidential business or professional information.
The Parties may also acquire substantial relationships with specific prospective or existing customers or clients and gain customer
or client goodwill associated with the Parties’ ongoing business or professional practice. The Parties may additionally be
provided with extraordinary or specialized training, specific to the Parties’ field of business and specific business. In
light of the above, the Parties acknowledges and agrees that the they each are entitled to a Covenant Not To Compete and such restraint
is reasonably necessary to protect the legitimate business interest or interests of the Parties, to the extent that there is an
Ongoing Entity.

 

		b)	Accordingly, during the Parties’ relationship with each other
and for a period of 10 years from the date of this Agreement, for any reason, the Parties shall not, directly or indirectly, through
another person or entity, compete with the each other anywhere where the Ongoing Entity does business or owns an interest in or,
as principal, agent, contractor, consultant, or employee or otherwise, engages in activities for or renders services to any firm
or business that competes with the Ongoing Entity, “Compete” being defined as conducting business in the marketplace,
contracting for hospital management services and all related marketing models and business models. The territory shall be deemed
to initially be the United States of America and such other locations as the Ongoing Entity may be doing business at any time and
also those States in which Ongoing Entity has reasonably advanced toward doing business. 

 

		c)	“Compete” shall additionally include without limitation,
soliciting, providing services to, or otherwise engaging in a business transaction with customers or clients of the Ongoing Entity
or any affiliate of the Ongoing Entity, or directly or indirectly soliciting for employment any of the Ongoing Entity’s employees,
or the employees of any of the Ongoing Entity’s affiliates.

 

 

		5)	INDEMNIFICATION AND MUTUAL HOLD HARMLESS

 

(a) Perez shall indemnify, defend and hold
harmless iHealthcare and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and
in respect of any and all losses, claims, damages, causes of action, actions, obligations, liabilities, deficiencies, suits, proceedings,
actual out-of-pocket obligations and expenses (including cost of investigation, interest, penalties and reasonable attorneys' fees)
(collectively, "Losses") arising out of or due to the operation of the Business or relating to events prior to closing
by iHealthcare, its affiliates, agents, servants and/or employees after Closing under the provisions of this Agreement. The obligations
set forth in this Section 7(a) shall survive for a period of ten (10 years following the Expiration Date.

 

(b) iHealthcare shall indemnify, defend and
hold harmless Perez and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and
in respect of any and all Losses arising out of or due to gross negligence of the Manager, its affiliates, agents, servants and/or
employees prior to and during the commencement of the term of this Agreement. The obligations set forth in this Section 7(b) shall
survive for a period of ten (10) years following the Expiration Date.

 

(c) If a party entitled to indemnification
(the "Indemnitee") receives notice of any claim or the commencement of any action or proceeding with respect to which
a party is obligated to provide indemnification (the "Indemnifying Party") pursuant to subsections (a) and (b) of this
Section, the Indemnitee shall promptly give the Indemnifying Party notice thereof (Indemnification Notice"). Such Indemnification
Notice shall be a condition precedent to any liability of the Indemnifying Party under the provisions for indemnification contained
in this Agreement. Except as provided below, the Indemnifying Party may compromise, settle or defend, at such Indemnifying Party's
own expense and by such Indemnifying Party's own counsel, any such matter involving the asserted liability of the Indemnitee. In
any event, the Indemnitee, the Indemnifying Party and the Indemnifying Party's counsel shall cooperate in the compromise of, or
defense against, any such asserted liability. If the Indemnifying Party provides the Indemnitee a defense to a third party claim
at the Indemnifying Party's cost with a qualified attorney, Indemnitee may participate and/or monitor the defense with an attorney
of the Indemnitee's selection (at the Indemnitee's own expense). Provided that the Indemnifying Party pays for the full cost of
the settlement of any claim, the Indemnifying Party may settle any claim without the consent of the Indemnitee. If the Indemnifying
Party chooses to defend any claim, the Indemnitee shall make available to the Indemnifying Party any books, records or other documents
within its control that are necessary or appropriate for such defense.

 

8. LIMITATION OF LIABILITY

 

NEITHER PARTY SHALL BE LIABLE TO THE OTHER
FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT DAMAGES ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT,
REGARDLESS OF ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS PARAGRAPH IS INTENDED
TO LIMIT OR RESTRICT THE INDEMNIFICATION RIGHTS OR OBLIGATIONS OF ANY PARTY UNDER SECTION 7, OR DAMAGES AVAILABLE FOR BREACHES
OF THE OBLIGATIONS SET FORTH IN SECTION 7.

 

		a)	Upon request of any Party to this Agreement, the requested Party(ies)
shall take such further actions, and shall cause its (their) personnel, agents, and employees to take such further actions, including
execution and delivery of documents, that may reasonably be deemed necessary or desirable to accomplish or evidence more further
the objectives and intent of this Agreement. 

 

		b)	This Agreement contains the complete understanding between the Parties
and shall as of the date hereof, supersede all other agreements, whether they are written or oral, between the Parties concerning
the particular subject matter. Paragraphs 2 through 11 constitute a binding contract and will continue in full force and effect
surviving the termination of this Agreement. Paragraph 1 is a statement of interest and intent to do business, but as set forth
above, Paragraph 1 shall become binding to the extent that the Parties complete Due Diligence (as defined below) and iHealthcare
elects to proceed, or where iHealthcare provides any capital to Perez, without a more formal writing, the substantive terms herein
shall be conclusive as to the agreement of the Parties. Further, to the extent that additional substantive terms are in issue,
the course of conduct of the Parties shall be controlling as to such terms.

 

		c)	No waiver or modification of this Agreement or any covenant, condition
or limitation herein contained shall be valid and no evidence of waiver or modification shall be offered or received in evidence
in any proceeding, arbitration or litigation between the Parties hereto arising out of or affecting this Agreement or the rights
or obligations of the Parties hereunder, unless such waiver or modification is in writing duly signed by all Parties, or in an
email exchange where both Parties have commented.

 

		d)	All agreements and covenants contained herein are severable, and
in the event that any of them shall be held to be invalid by any competent court, this Agreement shall be interpreted as if such
invalid agreement or covenant is not contained herein.

 

		e)	The failure of any Party to insist in any one or more instances upon
performance of any terms or conditions of this Agreement shall not be construed as a waiver of future performance of any such term,
covenant, or condition, but the obligations of any Party with respect thereto shall continue in full force and effect.

 

		f)	Neither this Agreement nor any interest herein may be assigned in
whole or in part by any Party hereto without the prior written consent of all other Parties.

 

		g)	The terms and existence of this Agreement are confidential, and neither
the contents nor its details of the Agreement may be shown or disclosed by either Party, except to those individuals with who have
a need to know as a result of being involved in or related to this Agreement.

 

		h)	In addition to any remedies under the applicable law, the Parties
recognize that any breach or violation of any provision of this Agreement may cause irreparable harm to the other Party, which
money damages may not necessarily remedy. Therefore, upon any actual or impending violation of any provision of this Agreement,
either Party may obtain from any court of competent jurisdiction a preliminary, temporary or permanent injunction, restraining
or enjoining such violation by the other Party or any entity or person acting in concert with that Party.

 

		i)	This Agreement shall be governed by and interpreted in accordance
with the laws of the State of Florida. IF A DISPUTE ARISES, THE PARTIES WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD
IN MIAMI-DADE COUNTY, FLORIDA BEFORE A SINGLE ARBITRATOR FROM JUDICIAL ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”);
AND (b) WAIVE ANY RIGHT TO CIVIL TRIAL BY JUDGE OR JURY. Notwithstanding the foregoing, all claims alleging violation of restrictive
covenants, mishandling of Confidential Information, or transgression of intellectual property rights, shall be subject to the exclusive
jurisdiction, in Miami, Florida, of either the Florida state courts or the US District Court. Before accepting appointment, the
arbitrator shall agree: (a) that the arbitrator’s award shall be made within nine (9) months of the filing of a notice of
intention (or demand) to arbitrate (but it may be extended by written agreement of the parties); (b) to base any decision or award
on governing law; (c) to not award punitive or other damages that are not measured by the prevailing party’s actual damages,
except as may be required by statute; and (d) to issue an award in writing within ten (10) days of concluding the presentation
of evidence and briefs. Judgment may be entered in any court having jurisdiction thereof. The prevailing party shall be entitled
to recover from the other party its costs and expenses, including reasonable attorney’s fees.

 

		j)	Authority: Perez have full power and authority and are legally authorized
to execute and bind the hospitals to new management contracts for the benefit of iHealthcare, Inc. 

 

		a.	The Parties further agree:

 

		1.	To the extent that they are not in conflict with this document, that
the use of electronic messages shall create valid and enforceable rights and obligations between them; and

 

		2.	That to the extent permitted under the applicable law, electronic
messages shall be admissible as evidence, provided that such electronic messages are sent to addresses and in formats, if any,
designated either expressly or implicitly by the addresses; and 

 

		3.	Not to challenge the validity of any communication or agreement between
them solely on the ground of the use of electronic means, whether or not such use was reviewed by any natural person.

 

		2.	This Agreement may be executed in separate counterparts all of which
shall be deemed to be one (1) agreement.

 

 

 

SIGNATURE PAGE TO FOLLOW

 

 

IN WITNESS WHEREOF, the Parties have
caused this Agreement to be Accepted and Agreed to as of January 7, 2019.

 

 

 

JORGE A. PEREZiHealthcare Management II Company

 

 

By: /s/ Jorge A. Perez By:  /s/ Noel Mijares
  

Jorge A. Perez                         
Noel Mijares, Chief Executive Officer 

 

 

 

BUSINESS DEVELOPMENT AGREEMENT

I-70 Community Hospital

 

This document (“Agreement”)
reflects the agreement of iHealthcare Management II Company, a Florida Corporation with an address of 3901 NW 28th Street,
2nd Floor, Miami, Florida 33142, (“iHealthcare”) and Jorge A. Perez with an address of 13595 SW 134 Avenue,
Suite 209, Miami, Florida, 33186 , (“Perez”) (hereinafter, collectively iHealthcare and Perez are also known as the
“Parties,” or individually as a “Party”) to engage in business on the terms set forth below, as well as
such other terms and conditions as the Parties may agree.  The Parties may reduce the terms listed below to a more complete
written agreement, but they are not required to do so.

 

WHEREAS, iHealthcare is in the hospital management
business through its wholly owned subsidiary iHealthcare Management II Company and desires to expand its hospital management business; 

WHEREAS, Perez has demonstrated a track record
of developing and securing hospital management contracts; 

WHEREAS, the Parties desire to use their respective
assets for the common goal of assisting the rural healthcare landscape, driving healthcare insurance costs down, providing innovative
products and tools, and growing a small footprint of Hospitals and Service Offerings into a major sustainable business that will
serve communities throughout the United States; 

WHEREAS, the Parties consider their ongoing
relationship and potential business relationship to be independently valuable;  

NOW, THEREFORE, for and in consideration of the ongoing
and potential relationship between iHealthcare and Perez, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, iHealthcare and Perez, intending to be legally bound, do hereby agree as follows and acknowledge
the above recitals as true and incorporated herein, and: 

 

1)BUSINESS
DEVELOPMENT ENGAGEMENT:  

 

a)iHealthcare
hereby engages Perez to deliver a certain valid, binding, exclusive and executed hospital management contract for new business
for and on behalf of iHealthcare Management II Company;  

b)Perez
shall utilize the iHealthcare Management II Company contract template [attached]; 

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Page 1 of 13

c)Perez
shall obtain any required consents, authorizations and binding approvals necessary to deliver an executed binding ten-year contracts
for hospital management services to iHealthcare Management II Company;  

d)Perez
will ensure iHealthcare is the exclusive provider of management services under these new agreements; 

e)Perez
will ensure that no liabilities of any kind which nay have incurred prior to the new contract inception date will transfer, assign
or inure to iHealthcare Management II Company;  

f)The
target inception date will be January 7, 2019 and limited only to CAH Acquisition Company 6, LLC D/B/A I-70 Community Hospital. 

 

2)TERMS.
 The Parties herby agree as follows:  

 

a)The
parties acknowledge that under this Business Development Agreement, the Parties agree to mutually work together to grow the business
model and create new revenue lines that are currently not operational.  

b)The
contracts, once executed, must have a 10-year non-cancelable term with renewals. 

 

3)CONSIDERATION:
With this in mind, the consideration for this business development effort will be a Success Fee structured as a Promissory Note
and Stock as follows:  

 

a)Success
Fee: $911,622.00 

1.The
Success Fee will be earned upon delivery of a legally binding and executed Management and Administrative Services Agreement.  
The Success Fee is based on a negotiated value.   

 

b)Terms
in General:  

1.iHealthcare
shall issue a Promissory Note for 100% of the agreed value under this Business Development Agreement.  

2.Promissory
Note will have a 10 year term and 4% simple annual interest on the unpaid balance.  

3.Payment:
Promissory Note may be prepaid without penalty, in full or in part, in cash or common stock at the option of iHealthcare. 

4.Default:
In the event of a default, iHealthcare shall be granted 45 days to cure, as stipulated in the Management and Administrative Services
Agreement. 

5.Security:
In the event of failure to cure the default after the 45-day period and remedy specified in the
Management and Administrative Services Agreement, the management agreement shall be surrendered to the Lender as security. 

6.Adjustments:
In the event that any of the named hospitals closes or is placed in receivership, files for bankruptcy, becomes insolvent or is
assigned to creditors, the portion of the Success Fee allocated to that specific hospital only shall be adjusted accordingly and
the associated portion of the Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced
to reflect that portion for the remaining term of the note.  

7.Offsets:
This Agreement is based on the premise that the Hospital Management and Administrative Services Agreements will be in effect for
10 full years which enables  

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Page 2 of 13

iHealthcare to fund the payments for the Promissory
Note during this term. Therefore, there may be a pro rata offset to the balance of the Promissory Note if one or more of the following
occur during the ten-year term:

a)Any
early cancellation or termination of the contract that is not as a result of breach of contract by iHealthcare. 

b)Failure
to enforce the tagalong provision of the contract. 

c)A
Hospital ownership action to close the hospital. 

d)Loss
or suspension of Hospital License or Medicare Provider status relating to events occurring prior to closing. 

e)In
the event that the hospital closes or is placed in receivership, files for bankruptcy, becomes insolvent or is assigned to creditors,
the portion of the Success Fee listed in the Business Development Agreement shall be adjusted accordingly and the remaining portion
of this Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced to reflect that portion
for the remaining term of the note. 

f)Any
Offset is subject to arbitration and other remedies as specified in the Hospital Management and Administrative Services Agreement.
  

g)Liabilities
incurred prior to closing.  

 

c)Terms
of Preferred B Stock from iHealthcare, Inc:  

 

1.Success
Event: Final delivery of a fully executed, legally binding management contract for CAH Acquisition Company 6, LLC D/B/A I-70 Community
Hospital. 

2.Preferred
Series B Shares: A total of 36,362 Preferred Series B Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success Fee of this Agreement.   

3.Conversion
Value: One share of Preferred B for one share of Common Stock - Converted at the option of the Holder.  

4.Restrictions:
Shares will be restricted for 6 months from issuance per SEC regulations. 

5.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

6.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering. 

7.Voting:
Preferred B Shares are voting as one vote per share. 

8.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred B and Common stock to meet the obligations of this agreement. 

9.Interest:
No interest is paid or due on equity offers. 

10.Conditions:
The specific terms of Preferred B Shares are set and fixed by iHealthcare’s Articles of Incorporation. 

 

d)Terms
of Preferred C Stock from iHealthcare Inc:     

1.Success
Event: Final delivery of a legally binding Management and administrative Services Agreement for: CAH Acquisition Company 6, LLC
D/B/A I-70 Community Hospital. 

2.Preferred
Series C Shares: A total of 36,362 Preferred Series C Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success  

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Page 3 of 13

Fee of this Agreement.  Terms will be listed
and Certificate of Designation for Preferred C Shares filed with the State of Delaware along with Board Resolution.   

3.Convertible
Note: The 36,362 Preferred Shares C will be issued as a Convertible Note to the Perez – Tio Family Trust. 

4.Conversion:
The Conversion value is one share of Preferred Stock to one share of Common Stock 

5.Value
Assurance Guarantee:  When converted from Preferred Shares to Common Stock, iHealthcare guarantees a minimum value, only on
the date of conversion, of $1.00 per share converted. If the value of the Common Stock trading on that day is below $1.00 per share,
the company will issue sufficient additional Common Stock share’s so that the total value of the redeemed converted Preferred
Stock redeemed to Common Stock equals a minimum of $1.00 per share based on the conversion date’s closing per share value
of Common Stock. If the value is in excess of $1.00 per share on the date of conversion, the share conversion remains 1:1 and the
Holder shall retain the upside value, if any. Common stock must be trading on a public exchange to qualify. 

6.Restricted
Share Tranches and Vesting: When each restricted share tranche reaches maturity in the Convertible Note on the following schedule
of performance, the note will covert to Preferred Shares as listed, at the option of the Holder.  

a)36,362
shares vested upon closing.   

7.Restricted
Share Conversion Schedule: Vested Preferred shares may convert and then shall be exercisable for conversion to Common Stock, all
or in part or none, at the option of the Holder only after the closing of the new management contracts, the following schedule:
 

a)36,362
– 12 months from date of closing. 

8.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

9.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering.  

10.Voting:
Preferred C Shares are non-voting until converted to Common Stock.  

11.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred C and Common stock to meet the obligations of this agreement. 

12.Interest:
No interest is paid or due on equity offers. 

 

1)NONDISCLOSURE
AND NONUSE OF CONFIDENTIAL INFORMATION.   

 

a)The
Parties acknowledge that they each have, may obtain or may develop certain Confidential Information (as defined below) in the ordinary
course of their business and that the Parties may learn of, or have access to, each other’s Confidential Information during
the course of their business relationship with each other. 

 

b)For
the purposes of this Agreement, the term “Confidential Information” shall mean any and all confidential and/or proprietary
knowledge, data, information or trade secrets used, obtained, or developed by or for a Party that is treated as confidential by
that Party, or is of a nature that should reasonably be understood by the receiving Party to be confidential, and is not and otherwise
would not be regularly and routinely available to the general public.  The term “Confidential Information,” includes,
without  

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Page 4 of 13

limitation, information and data, whether in written,
oral, graphic or machine-readable form, but shall not include that which is (i) publicly available by other than unauthorized means,
(ii) disclosed to others by the disclosing Party or other proper Party without restriction, (iii) rightfully received from a third
party without restriction, (iv) discoverable by common observation, through publicly or commercially available sources, or by inspection
or analysis of products in the market place, or (v) general skill and knowledge.

 

c)The
receiving Party hereby agrees to comply with any and all of the disclosing Party’s commercially reasonable policies and procedures
for the protection of Confidential Information and, except as required by law or by the nature of receiving Party’s duties
for the disclosing Party or with the prior written approval of an authorized officer of the disclosing Party, receiving Party will
not, during its business relationship with disclosing Party or at any time thereafter, use or disclose, directly or indirectly
in any manner, any Confidential Information of the disclosing Party, including the fact that Confidential Information has been
made available to the receiving Party for any purpose other than in furtherance of the business relationship with disclosing Party.
The provisions of this Agreement regarding disclosure and use of Confidential Information shall survive the termination or expiration
of this Agreement and shall be effective forever.  

 

d)The
receiving Party hereby agrees that any Confidential Information is and shall remain the sole and exclusive property of the disclosing
Party for use in the disclosing Party’s business and shall be used solely in connection with furtherance of the business
relationship with disclosing Party and shall not be used by receiving Party, directly or indirectly, in any other manner whatsoever.
 Under no circumstances whatsoever shall receiving Party have any proprietary or other legal right to the disclosing Party’s
Confidential Information during, or subsequent to the termination or cessation of, the business relationship of the Parties. 

 

e)The
receiving Party hereby agrees not to disclose, copy, or remove from the premises of the disclosing Party any documents, records,
tapes or other media or format that contain or may contain Confidential Information, except as required by the nature of receiving
Party’s duties for the disclosing Party or as otherwise approved in writing by an authorized officer of the disclosing Party.
 Upon termination or cessation of the business relationship of the Parties, regardless of the reason for such termination
or cessation, receiving Party hereby agrees to return immediately to the disclosing Party, or destroy at the disclosing Party’s
discretion, all originals and copies of documents, records, tapes, or any other media or format that contain or may contain Confidential
Information. Furthermore, all Confidential Information belonging to disclosing Party will be and remain solely the property of
disclosing Party.  Any such return or destruction, as applicable, of Confidential Information shall be certified in writing
by receiving Party to disclosing Party within three (3) days of the return or destruction. Any Confidential Information that is
not returned or destroyed, including any oral Confidential Information, will continue to be kept confidential and subject of the
terms of this Agreement.  

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f)In
the event receiving Party is legally compelled to disclose Confidential Information belonging to disclosing Party, the receiving
Party shall promptly notify disclosing Party of each such requirement so that disclosing Party may seek a protective order or other
appropriate remedy and/or waive compliance with the provisions of this Agreement. In any such event, receiving Party will only
disclose such Confidential Information that s/he/it is advised by counsel to disclose and legally required to be disclosed and
shall exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to such Confidential Information. 

 

g)The
receiving Party’s access to Confidential Information shall automatically terminate at the termination or expiration of the
relationship between the Parties with respect to the subject matter of this Agreement. Notwithstanding the foregoing, disclosing
Party may immediately terminate access to its Confidential Information at any time. 

 

h)Neither
of the Parties to this Agreement shall make any announcement of the proposed transaction contemplated by this Agreement, without
the prior written approval of the other, which approval will not be unreasonably withheld or delayed.   The foregoing
shall not restrict in any respect the Party’s ability to communicate information concerning this Agreement, and the transactions
contemplated hereby, to their respective affiliates’, officers, directors, employees and professional advisers; and, (to
the extent relevant), to third parties whose consent is required in connection with the transaction contemplated by this Agreement. 

 

 

2)NON-CIRCUMVENTION.
  

 

a)The
Parties understand that in the performance of this Agreement they may each reveal to each other, contacts and relationships which
are not otherwise known to the general public or to whom the general public may otherwise not have access. 

 

b)The
Parties will not in any manner solicit, nor do business in any manner with individuals, entities, related parties or their affiliates
(“Source(es)”), which were made available to them through this Agreement by the other Party, without the express permission
of the party who made available the Source; 

 

c)Source
shall include, without limitation, any contact, contract or transaction with all persons, companies (e.g., limited liability companies,
etc.), firms, partnerships (e.g., general partnerships, limited liability partnerships, etc.), corporations (e.g., domestic, foreign,
international), co-ventures, joint ventures, trusts or any other entity with which they or any associate, agent, employee, or representative
are or may be in any way associated or concerned, no matter the country of origin or origination of the association. 

 

 

d)A
Party will not attempt either directly or indirectly, for the purposes of circumventing the other Party, to make any contact with
any individual or entity, including without  

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Page 6 of 13

limitation relationships, customers or clients,
whose identity is made known to one Party solely in connection with their relationship with the other Party, as contemplated by
this Agreement, without the prior written approval of such other Party. The identity of such individuals and entities shall be
deemed proprietary and valuable to the Party in whose knowledge, such identity currently resides.

 

e)The
Parties will maintain complete confidentiality regarding each other’s Sources and will disclose such Sources only to third
parties only pursuant to the express written permission of the Party who made available the Source; 

 

f)The
Parties will not disclose names, addresses, e-mail address, telephone and tele-fax or telex numbers to any Sources, to third parties
and the Parties each recognize such Sources as the exclusive property of the providing Party and they will not enter into any direct
negotiations or transactions with such Sources revealed by the other Party; 

 

g)The
Parties further undertake not to enter into business transaction with banks, iHealthcare’s sources of funds or other bodies,
the names of which have been provided by one of the Parties to this agreement, unless written permission has been obtained from
the other Party to do so.  

 

h)The
Parties also undertake not to make use of a third party to circumvent this clause. 

 

3)COVENANT
NOT TO COMPETE 

 

a)In
accordance with this Agreement, the Parties will gain knowledge of certain proprietary information belonging to the other Party
and valuable confidential business or professional information. The Parties may also acquire substantial relationships with specific
prospective or existing customers or clients and gain customer or client goodwill associated with the Parties’ ongoing business
or professional practice. The Parties may additionally be provided with extraordinary or specialized training, specific to the
Parties’ field of business and specific business. In light of the above, the Parties acknowledges and agrees that the they
each are entitled to a Covenant Not To Compete and such restraint is reasonably necessary to protect the legitimate business interest
or interests of the Parties, to the extent that there is an Ongoing Entity. 

 

b)Accordingly,
during the Parties’ relationship with each other and for a period of 10 years from the date of this Agreement, for any reason,
the Parties shall not, directly or indirectly, through another person or entity, compete with the each other anywhere where the
Ongoing Entity does business or owns an interest in or, as principal, agent, contractor, consultant, or employee or otherwise,
engages in activities for or renders services to any firm or business that competes with the Ongoing Entity, “Compete”
being defined as conducting business in the marketplace, contracting for hospital management services and all related marketing
models and business models. The territory shall be deemed to initially be the United States of America and such other locations
as the Ongoing Entity may be doing business at any time and also those States in which Ongoing Entity has reasonably advanced toward
doing business.  

Business Agreement

Page 7 of 13

 

c)“Compete”
shall additionally include without limitation, soliciting, providing services to, or otherwise engaging in a business transaction
with customers or clients of the Ongoing Entity or any affiliate of the Ongoing Entity, or directly or indirectly soliciting for
employment any of the Ongoing Entity’s employees, or the employees of any of the Ongoing Entity’s affiliates. 

 

 

4)INDEMNIFICATION
AND MUTUAL HOLD HARMLESS 

 

(a) Perez shall indemnify, defend and hold harmless iHealthcare
and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of any and
all losses, claims, damages, causes of action, actions, obligations, liabilities, deficiencies, suits, proceedings, actual out-of-pocket
obligations and expenses (including cost of investigation, interest, penalties and reasonable attorneys' fees) (collectively, "Losses")
arising out of or due to the operation of the Business or relating to events prior to closing by iHealthcare, its affiliates, agents,
servants and/or employees after Closing  under the provisions of this Agreement. The obligations set forth in this Section
7(a) shall survive for a period of ten (10 years following the Expiration Date.

 

(b) iHealthcare shall indemnify, defend and hold harmless
Perez and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of
any and all Losses arising out of or due to gross negligence of the Manager, its affiliates, agents, servants and/or employees
prior to and during the commencement of the term of this Agreement. The obligations set forth in this Section 7(b) shall survive
for a period of ten (10) years following the Expiration Date.

 

(c) If a party entitled to indemnification (the "Indemnitee")
receives notice of any claim or the commencement of any action or proceeding with respect to which a party is obligated to provide
indemnification (the "Indemnifying Party") pursuant to subsections (a) and (b) of this Section, the Indemnitee shall
promptly give the Indemnifying Party notice thereof (Indemnification Notice"). Such Indemnification Notice shall be a condition
precedent to any liability of the Indemnifying Party under the provisions for indemnification contained in this Agreement. Except
as provided below, the Indemnifying Party may compromise, settle or defend, at such Indemnifying Party's own expense and by such
Indemnifying Party's own counsel, any such matter involving the asserted liability of the Indemnitee. In any event, the Indemnitee,
the Indemnifying Party and the Indemnifying Party's counsel shall cooperate in the compromise of, or defense against, any such
asserted liability. If the Indemnifying Party provides the Indemnitee a defense to a third party claim at the Indemnifying Party's
cost with a qualified attorney, Indemnitee may participate and/or monitor the defense with an attorney of the Indemnitee's selection
(at the Indemnitee's own expense). Provided that the Indemnifying Party pays for the full cost of the settlement of any claim,
the Indemnifying Party may settle any claim without the consent of the Indemnitee. If the Indemnifying Party chooses to defend
any claim, the Indemnitee shall make available to the Indemnifying Party any books, records or other documents within its control
that are necessary or appropriate for such defense.

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8. LIMITATION OF LIABILITY

 

NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL,
CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT DAMAGES ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF
ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS PARAGRAPH IS INTENDED TO LIMIT OR
RESTRICT THE INDEMNIFICATION RIGHTS OR OBLIGATIONS OF ANY PARTY UNDER SECTION 7, OR DAMAGES AVAILABLE FOR BREACHES OF THE OBLIGATIONS
SET FORTH IN SECTION 7.

 

a)Upon
request of any Party to this Agreement, the requested Party(ies) shall take such further actions, and shall cause its (their) personnel,
agents, and employees to take such further actions, including execution and delivery of documents, that may reasonably be deemed
necessary or desirable to accomplish or evidence more further the objectives and intent of this Agreement.   

 

b)This
Agreement contains the complete understanding between the Parties and shall as of the date hereof, supersede all other agreements,
whether they are written or oral, between the Parties concerning the particular subject matter.  Paragraphs 2 through 11 constitute
a binding contract and will continue in full force and effect surviving the termination of this Agreement.  Paragraph 1 is
a statement of interest and intent to do business, but as set forth above, Paragraph 1 shall become binding to the extent that
the Parties complete Due Diligence (as defined below) and iHealthcare elects to proceed, or where iHealthcare provides any capital
to Perez, without a more formal writing, the substantive terms herein shall be conclusive as to the agreement of the Parties.  Further,
to the extent that additional substantive terms are in issue, the course of conduct of the Parties shall be controlling as to such
terms. 

 

c)No
waiver or modification of this Agreement or any covenant, condition or limitation herein contained shall be valid and no evidence
of waiver or modification shall be offered or received in evidence in any proceeding, arbitration or litigation between the Parties
hereto arising out of or affecting this Agreement or the rights or obligations of the Parties hereunder, unless such waiver or
modification is in writing duly signed by all Parties, or in an email exchange where both Parties have commented. 

 

d)All
agreements and covenants contained herein are severable, and in the event that any of them shall be held to be invalid by any competent
court, this Agreement shall be interpreted as if such invalid agreement or covenant is not contained herein. 

 

e)The
failure of any Party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall
not be construed as a waiver of future performance of any such term, covenant, or condition, but the obligations of any Party with
respect thereto shall continue in full force and effect. 

 

f)Neither
this Agreement nor any interest herein may be assigned in whole or in part by any  

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Party hereto without the prior written consent
of all other Parties.

 

g)The
terms and existence of this Agreement are confidential, and neither the contents nor its details of the Agreement may be shown
or disclosed by either Party, except to those individuals with who have a need to know as a result of being involved in or related
to this Agreement. 

 

h)In
addition to any remedies under the applicable law, the Parties recognize that any breach or violation of any provision of this
Agreement may cause irreparable harm to the other Party, which money damages may not necessarily remedy. Therefore, upon any actual
or impending violation of any provision of this Agreement, either Party may obtain from any court of competent jurisdiction a preliminary,
temporary or permanent injunction, restraining or enjoining such violation by the other Party or any entity or person acting in
concert with that Party. 

 

i)This
Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida. IF A DISPUTE ARISES, THE PARTIES
WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE A SINGLE ARBITRATOR FROM JUDICIAL
ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”); AND (b) WAIVE ANY RIGHT TO CIVIL TRIAL BY JUDGE OR JURY.  Notwithstanding
the foregoing, all claims alleging violation of restrictive covenants, mishandling of Confidential Information, or transgression
of intellectual property rights, shall be subject to the exclusive jurisdiction, in Miami, Florida, of either the Florida state
courts or the US District Court.  Before accepting appointment, the arbitrator shall agree: (a) that the arbitrator’s
award shall be made within nine (9) months of the filing of a notice of intention (or demand) to arbitrate  (but it may be
extended by written agreement of the parties); (b) to base any decision or award on governing law; (c) to not award punitive or
other damages that are not measured by the prevailing party’s actual damages, except as may be required by statute; and (d)
to issue an award in writing within ten (10) days of concluding the presentation of evidence and briefs.  Judgment may be
entered in any court having jurisdiction thereof.  The prevailing party shall be entitled to recover from the other party
its costs and expenses, including reasonable attorney’s fees. 

 

j)Authority:
Perez have full power and authority and are legally authorized to execute and bind the hospitals to new management contracts for
the benefit of iHealthcare, Inc.  

 

a.The
Parties further agree: 

 

1.To
the extent that they are not in conflict with this document, that the use of electronic messages shall create valid and enforceable
rights and obligations between them; and 

 

2.That
to the extent permitted under the applicable law, electronic messages shall be admissible as evidence, provided that such electronic
messages are sent to addresses and in formats, if any, designated either expressly or implicitly by the addresses; and  

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3.Not
to challenge the validity of any communication or agreement between them solely on the ground of the use of electronic means, whether
or not such use was reviewed by any natural person. 

 

1.This
Agreement may be executed in separate counterparts all of which shall be deemed to be one (1) agreement. 

 

 

 

SIGNATURE PAGE TO FOLLOW

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Page 11 of 13

 

 

IN WITNESS WHEREOF, the Parties have caused this Agreement
to be Accepted and Agreed to as of January 7, 2019.

 

 

 

JORGE
A. PEREZiHealthcare
Management II Company 

 

 

 By: /s/ Jorge A. Perez By:  /s/
Noel Mijares   

Jorge A. Perez                         
Noel Mijares, Chief Executive Officer 

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Page 12 of 13

BUSINESS DEVELOPMENT AGREEMENT

Lauderdale Community Hospital

 

This document (“Agreement”)
reflects the agreement of iHealthcare Management II Company, a Florida Corporation with an address of 3901 NW 28th Street,
2nd Floor, Miami, Florida 33142, (“iHealthcare”) and Jorge A. Perez with an address of 13595 SW 134 Avenue,
Suite 209, Miami, Florida, 33186 , (“Perez”) (hereinafter, collectively iHealthcare and Perez are also known as the
“Parties,” or individually as a “Party”) to engage in business on the terms set forth below, as well as
such other terms and conditions as the Parties may agree.  The Parties may reduce the terms listed below to a more complete
written agreement, but they are not required to do so.

 

WHEREAS, iHealthcare is in the hospital management
business through its wholly owned subsidiary iHealthcare Management II Company and desires to expand its hospital management business; 

WHEREAS, Perez has demonstrated a track record
of developing and securing hospital management contracts; 

WHEREAS, the Parties desire to use their respective
assets for the common goal of assisting the rural healthcare landscape, driving healthcare insurance costs down, providing innovative
products and tools, and growing a small footprint of Hospitals and Service Offerings into a major sustainable business that will
serve communities throughout the United States; 

WHEREAS, the Parties consider their ongoing
relationship and potential business relationship to be independently valuable;  

NOW, THEREFORE, for and in consideration of the ongoing
and potential relationship between iHealthcare and Perez, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, iHealthcare and Perez, intending to be legally bound, do hereby agree as follows and acknowledge
the above recitals as true and incorporated herein, and: 

 

1)BUSINESS
DEVELOPMENT ENGAGEMENT:  

 

a)iHealthcare
hereby engages Perez to deliver a certain valid, binding, exclusive and executed hospital management contract for new business
for and on behalf of iHealthcare Management II Company;  

b)Perez
shall utilize the iHealthcare Management II Company contract template [attached]; 

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Page 1 of 13

c)Perez
shall obtain any required consents, authorizations and binding approvals necessary to deliver an executed binding ten-year contracts
for hospital management services to iHealthcare Management II Company;  

d)Perez
will ensure iHealthcare is the exclusive provider of management services under these new agreements; 

e)Perez
will ensure that no liabilities of any kind which nay have incurred prior to the new contract inception date will transfer, assign
or inure to iHealthcare Management II Company;  

f)The
target inception date will be January 7, 2019 and limited only to CAH Acquisition Company 11, LLC D/B/A Lauderdale Community Hospital. 

 

2)TERMS.
 The Parties herby agree as follows:  

 

a)The
parties acknowledge that under this Business Development Agreement, the Parties agree to mutually work together to grow the business
model and create new revenue lines that are currently not operational.  

b)The
contracts, once executed, must have a 10-year non-cancelable term with renewals. 

 

3)CONSIDERATION:
With this in mind, the consideration for this business development effort will be a Success Fee structured as a Promissory Note
and Stock as follows:  

 

a)Success
Fee: $1,656,231.00 

1.The
Success Fee will be earned upon delivery of a legally binding and executed Management and Administrative Services Agreement.  
The Success Fee is based on a negotiated value.   

 

b)Terms
in General:  

1.iHealthcare
shall issue a Promissory Note for 100% of the agreed value under this Business Development Agreement.  

2.Promissory
Note will have a 10 year term and 4% simple annual interest on the unpaid balance.  

3.Payment:
Promissory Note may be prepaid without penalty, in full or in part, in cash or common stock at the option of iHealthcare. 

4.Default:
In the event of a default, iHealthcare shall be granted 45 days to cure, as stipulated in the Management and Administrative Services
Agreement. 

5.Security:
In the event of failure to cure the default after the 45-day period and remedy specified in the
Management and Administrative Services Agreement, the management agreement shall be surrendered to the Lender as security. 

6.Adjustments:
In the event that any of the named hospitals closes or is placed in receivership, files for bankruptcy, becomes insolvent or is
assigned to creditors, the portion of the Success Fee allocated to that specific hospital only shall be adjusted accordingly and
the associated portion of the Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced
to reflect that portion for the remaining term of the note.  

7.Offsets:
This Agreement is based on the premise that the Hospital Management and Administrative Services Agreements will be in effect for
10 full years which enables  

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iHealthcare to fund the payments for the Promissory
Note during this term. Therefore, there may be a pro rata offset to the balance of the Promissory Note if one or more of the following
occur during the ten-year term:

a)Any
early cancellation or termination of the contract that is not as a result of breach of contract by iHealthcare. 

b)Failure
to enforce the tagalong provision of the contract. 

c)A
Hospital ownership action to close the hospital. 

d)Loss
or suspension of Hospital License or Medicare Provider status relating to events occurring prior to closing. 

e)In
the event that the hospital closes or is placed in receivership, files for bankruptcy, becomes insolvent or is assigned to creditors,
the portion of the Success Fee listed in the Business Development Agreement shall be adjusted accordingly and the remaining portion
of this Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced to reflect that portion
for the remaining term of the note. 

f)Any
Offset is subject to arbitration and other remedies as specified in the Hospital Management and Administrative Services Agreement.
  

g)Liabilities
incurred prior to closing.  

 

c)Terms
of Preferred B Stock from iHealthcare, Inc:  

 

1.Success
Event: Final delivery of a fully executed, legally binding management contract for CAH Acquisition Company 11, LLC D/B/A Lauderdale
Community Hospital. 

2.Preferred
Series B Shares: A total of 36,362 Preferred Series B Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success Fee of this Agreement.   

3.Conversion
Value: One share of Preferred B for one share of Common Stock - Converted at the option of the Holder.  

4.Restrictions:
Shares will be restricted for 6 months from issuance per SEC regulations. 

5.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

6.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering. 

7.Voting:
Preferred B Shares are voting as one vote per share. 

8.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred B and Common stock to meet the obligations of this agreement. 

9.Interest:
No interest is paid or due on equity offers. 

10.Conditions:
The specific terms of Preferred B Shares are set and fixed by iHealthcare’s Articles of Incorporation. 

 

d)Terms
of Preferred C Stock from iHealthcare Inc:     

1.Success
Event: Final delivery of a legally binding Management and administrative Services Agreement for: CAH Acquisition Company 11, LLC
D/B/A Lauderdale Community Hospital. 

2.Preferred
Series C Shares: A total of 36,362 Preferred Series C Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success  

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Fee of this Agreement.  Terms will be listed
and Certificate of Designation for Preferred C Shares filed with the State of Delaware along with Board Resolution.   

3.Convertible
Note: The 36,362 Preferred Shares C will be issued as a Convertible Note to the Perez – Tio Family Trust. 

4.Conversion:
The Conversion value is one share of Preferred Stock to one share of Common Stock 

5.Value
Assurance Guarantee:  When converted from Preferred Shares to Common Stock, iHealthcare guarantees a minimum value, only on
the date of conversion, of $1.00 per share converted. If the value of the Common Stock trading on that day is below $1.00 per share,
the company will issue sufficient additional Common Stock share’s so that the total value of the redeemed converted Preferred
Stock redeemed to Common Stock equals a minimum of $1.00 per share based on the conversion date’s closing per share value
of Common Stock. If the value is in excess of $1.00 per share on the date of conversion, the share conversion remains 1:1 and the
Holder shall retain the upside value, if any. Common stock must be trading on a public exchange to qualify. 

6.Restricted
Share Tranches and Vesting: When each restricted share tranche reaches maturity in the Convertible Note on the following schedule
of performance, the note will covert to Preferred Shares as listed, at the option of the Holder.  

a)36,362
shares vested upon closing.   

7.Restricted
Share Conversion Schedule: Vested Preferred shares may convert and then shall be exercisable for conversion to Common Stock, all
or in part or none, at the option of the Holder only after the closing of the new management contracts, the following schedule:
 

a)36,362
– 12 months from date of closing. 

8.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

9.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering.  

10.Voting:
Preferred C Shares are non-voting until converted to Common Stock.  

11.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred C and Common stock to meet the obligations of this agreement. 

12.Interest:
No interest is paid or due on equity offers. 

 

 

1)NONDISCLOSURE
AND NONUSE OF CONFIDENTIAL INFORMATION.   

 

a)The
Parties acknowledge that they each have, may obtain or may develop certain Confidential Information (as defined below) in the ordinary
course of their business and that the Parties may learn of, or have access to, each other’s Confidential Information during
the course of their business relationship with each other. 

 

b)For
the purposes of this Agreement, the term “Confidential Information” shall mean any and all confidential and/or proprietary
knowledge, data, information or trade secrets used, obtained, or developed by or for a Party that is treated as confidential by
that Party, or is of a nature that should reasonably be understood by the receiving Party to be confidential, and is not and otherwise
would not be regularly and routinely  

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available to the general public.  The term
“Confidential Information,” includes, without limitation, information and data, whether in written, oral, graphic or
machine-readable form, but shall not include that which is (i) publicly available by other than unauthorized means, (ii) disclosed
to others by the disclosing Party or other proper Party without restriction, (iii) rightfully received from a third party without
restriction, (iv) discoverable by common observation, through publicly or commercially available sources, or by inspection or analysis
of products in the market place, or (v) general skill and knowledge.

 

c)The
receiving Party hereby agrees to comply with any and all of the disclosing Party’s commercially reasonable policies and procedures
for the protection of Confidential Information and, except as required by law or by the nature of receiving Party’s duties
for the disclosing Party or with the prior written approval of an authorized officer of the disclosing Party, receiving Party will
not, during its business relationship with disclosing Party or at any time thereafter, use or disclose, directly or indirectly
in any manner, any Confidential Information of the disclosing Party, including the fact that Confidential Information has been
made available to the receiving Party for any purpose other than in furtherance of the business relationship with disclosing Party.
The provisions of this Agreement regarding disclosure and use of Confidential Information shall survive the termination or expiration
of this Agreement and shall be effective forever.  

 

d)The
receiving Party hereby agrees that any Confidential Information is and shall remain the sole and exclusive property of the disclosing
Party for use in the disclosing Party’s business and shall be used solely in connection with furtherance of the business
relationship with disclosing Party and shall not be used by receiving Party, directly or indirectly, in any other manner whatsoever.
 Under no circumstances whatsoever shall receiving Party have any proprietary or other legal right to the disclosing Party’s
Confidential Information during, or subsequent to the termination or cessation of, the business relationship of the Parties. 

 

e)The
receiving Party hereby agrees not to disclose, copy, or remove from the premises of the disclosing Party any documents, records,
tapes or other media or format that contain or may contain Confidential Information, except as required by the nature of receiving
Party’s duties for the disclosing Party or as otherwise approved in writing by an authorized officer of the disclosing Party.
 Upon termination or cessation of the business relationship of the Parties, regardless of the reason for such termination
or cessation, receiving Party hereby agrees to return immediately to the disclosing Party, or destroy at the disclosing Party’s
discretion, all originals and copies of documents, records, tapes, or any other media or format that contain or may contain Confidential
Information. Furthermore, all Confidential Information belonging to disclosing Party will be and remain solely the property of
disclosing Party.  Any such return or destruction, as applicable, of Confidential Information shall be certified in writing
by receiving Party to disclosing Party within three (3) days of the return or destruction. Any Confidential Information that is
not returned or destroyed, including any oral  

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Confidential Information, will continue to be
kept confidential and subject of the terms of this Agreement.

f)In
the event receiving Party is legally compelled to disclose Confidential Information belonging to disclosing Party, the receiving
Party shall promptly notify disclosing Party of each such requirement so that disclosing Party may seek a protective order or other
appropriate remedy and/or waive compliance with the provisions of this Agreement. In any such event, receiving Party will only
disclose such Confidential Information that s/he/it is advised by counsel to disclose and legally required to be disclosed and
shall exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to such Confidential Information. 

 

g)The
receiving Party’s access to Confidential Information shall automatically terminate at the termination or expiration of the
relationship between the Parties with respect to the subject matter of this Agreement. Notwithstanding the foregoing, disclosing
Party may immediately terminate access to its Confidential Information at any time. 

 

h)Neither
of the Parties to this Agreement shall make any announcement of the proposed transaction contemplated by this Agreement, without
the prior written approval of the other, which approval will not be unreasonably withheld or delayed.   The foregoing
shall not restrict in any respect the Party’s ability to communicate information concerning this Agreement, and the transactions
contemplated hereby, to their respective affiliates’, officers, directors, employees and professional advisers; and, (to
the extent relevant), to third parties whose consent is required in connection with the transaction contemplated by this Agreement. 

 

 

2)NON-CIRCUMVENTION.
  

 

a)The
Parties understand that in the performance of this Agreement they may each reveal to each other, contacts and relationships which
are not otherwise known to the general public or to whom the general public may otherwise not have access. 

 

b)The
Parties will not in any manner solicit, nor do business in any manner with individuals, entities, related parties or their affiliates
(“Source(es)”), which were made available to them through this Agreement by the other Party, without the express permission
of the party who made available the Source; 

 

c)Source
shall include, without limitation, any contact, contract or transaction with all persons, companies (e.g., limited liability companies,
etc.), firms, partnerships (e.g., general partnerships, limited liability partnerships, etc.), corporations (e.g., domestic, foreign,
international), co-ventures, joint ventures, trusts or any other entity with which they or any associate, agent, employee, or representative
are or may be in any way associated or concerned, no matter the country of origin or origination of the association. 

 

d)A
Party will not attempt either directly or indirectly, for the purposes of circumventing  

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the other Party, to make any contact with any
individual or entity, including without limitation relationships, customers or clients, whose identity is made known to one Party
solely in connection with their relationship with the other Party, as contemplated by this Agreement, without the prior written
approval of such other Party. The identity of such individuals and entities shall be deemed proprietary and valuable to the Party
in whose knowledge, such identity currently resides.

 

e)The
Parties will maintain complete confidentiality regarding each other’s Sources and will disclose such Sources only to third
parties only pursuant to the express written permission of the Party who made available the Source; 

 

f)The
Parties will not disclose names, addresses, e-mail address, telephone and tele-fax or telex numbers to any Sources, to third parties
and the Parties each recognize such Sources as the exclusive property of the providing Party and they will not enter into any direct
negotiations or transactions with such Sources revealed by the other Party; 

 

g)The
Parties further undertake not to enter into business transaction with banks, iHealthcare’s sources of funds or other bodies,
the names of which have been provided by one of the Parties to this agreement, unless written permission has been obtained from
the other Party to do so.  

 

h)The
Parties also undertake not to make use of a third party to circumvent this clause. 

 

3)COVENANT
NOT TO COMPETE 

 

a)In
accordance with this Agreement, the Parties will gain knowledge of certain proprietary information belonging to the other Party
and valuable confidential business or professional information. The Parties may also acquire substantial relationships with specific
prospective or existing customers or clients and gain customer or client goodwill associated with the Parties’ ongoing business
or professional practice. The Parties may additionally be provided with extraordinary or specialized training, specific to the
Parties’ field of business and specific business. In light of the above, the Parties acknowledges and agrees that the they
each are entitled to a Covenant Not To Compete and such restraint is reasonably necessary to protect the legitimate business interest
or interests of the Parties, to the extent that there is an Ongoing Entity. 

 

b)Accordingly,
during the Parties’ relationship with each other and for a period of 10 years from the date of this Agreement, for any reason,
the Parties shall not, directly or indirectly, through another person or entity, compete with the each other anywhere where the
Ongoing Entity does business or owns an interest in or, as principal, agent, contractor, consultant, or employee or otherwise,
engages in activities for or renders services to any firm or business that competes with the Ongoing Entity, “Compete”
being defined as conducting business in the marketplace, contracting for hospital management services and all related marketing
models and business models. The territory shall be deemed to initially be the United States of America and such other locations
as the Ongoing Entity may be doing business at any time and also those States  

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in which Ongoing Entity has reasonably advanced
toward doing business.

 

c)“Compete”
shall additionally include without limitation, soliciting, providing services to, or otherwise engaging in a business transaction
with customers or clients of the Ongoing Entity or any affiliate of the Ongoing Entity, or directly or indirectly soliciting for
employment any of the Ongoing Entity’s employees, or the employees of any of the Ongoing Entity’s affiliates. 

 

 

4)INDEMNIFICATION
AND MUTUAL HOLD HARMLESS 

 

(a) Perez shall indemnify, defend and hold harmless iHealthcare
and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of any and
all losses, claims, damages, causes of action, actions, obligations, liabilities, deficiencies, suits, proceedings, actual out-of-pocket
obligations and expenses (including cost of investigation, interest, penalties and reasonable attorneys' fees) (collectively, "Losses")
arising out of or due to the operation of the Business or relating to events prior to closing by iHealthcare, its affiliates, agents,
servants and/or employees after Closing  under the provisions of this Agreement. The obligations set forth in this Section
7(a) shall survive for a period of ten (10 years following the Expiration Date.

 

(b) iHealthcare shall indemnify, defend and hold harmless
Perez and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of
any and all Losses arising out of or due to gross negligence of the Manager, its affiliates, agents, servants and/or employees
prior to and during the commencement of the term of this Agreement. The obligations set forth in this Section 7(b) shall survive
for a period of ten (10) years following the Expiration Date.

 

(c) If a party entitled to indemnification (the "Indemnitee")
receives notice of any claim or the commencement of any action or proceeding with respect to which a party is obligated to provide
indemnification (the "Indemnifying Party") pursuant to subsections (a) and (b) of this Section, the Indemnitee shall
promptly give the Indemnifying Party notice thereof (Indemnification Notice"). Such Indemnification Notice shall be a condition
precedent to any liability of the Indemnifying Party under the provisions for indemnification contained in this Agreement. Except
as provided below, the Indemnifying Party may compromise, settle or defend, at such Indemnifying Party's own expense and by such
Indemnifying Party's own counsel, any such matter involving the asserted liability of the Indemnitee. In any event, the Indemnitee,
the Indemnifying Party and the Indemnifying Party's counsel shall cooperate in the compromise of, or defense against, any such
asserted liability. If the Indemnifying Party provides the Indemnitee a defense to a third party claim at the Indemnifying Party's
cost with a qualified attorney, Indemnitee may participate and/or monitor the defense with an attorney of the Indemnitee's selection
(at the Indemnitee's own expense). Provided that the Indemnifying Party pays for the full cost of the settlement of any claim,
the Indemnifying Party may settle any claim without the consent of the Indemnitee. If the Indemnifying Party chooses to defend
any claim, the Indemnitee shall make available to the Indemnifying Party any books, records or other documents within its control
that are necessary or appropriate for such defense.

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8. LIMITATION OF LIABILITY

 

NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL,
CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT DAMAGES ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF
ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS PARAGRAPH IS INTENDED TO LIMIT OR
RESTRICT THE INDEMNIFICATION RIGHTS OR OBLIGATIONS OF ANY PARTY UNDER SECTION 7, OR DAMAGES AVAILABLE FOR BREACHES OF THE OBLIGATIONS
SET FORTH IN SECTION 7.

 

a)Upon
request of any Party to this Agreement, the requested Party(ies) shall take such further actions, and shall cause its (their) personnel,
agents, and employees to take such further actions, including execution and delivery of documents, that may reasonably be deemed
necessary or desirable to accomplish or evidence more further the objectives and intent of this Agreement.   

 

b)This
Agreement contains the complete understanding between the Parties and shall as of the date hereof, supersede all other agreements,
whether they are written or oral, between the Parties concerning the particular subject matter.  Paragraphs 2 through 11 constitute
a binding contract and will continue in full force and effect surviving the termination of this Agreement.  Paragraph 1 is
a statement of interest and intent to do business, but as set forth above, Paragraph 1 shall become binding to the extent that
the Parties complete Due Diligence (as defined below) and iHealthcare elects to proceed, or where iHealthcare provides any capital
to Perez, without a more formal writing, the substantive terms herein shall be conclusive as to the agreement of the Parties.  Further,
to the extent that additional substantive terms are in issue, the course of conduct of the Parties shall be controlling as to such
terms. 

 

c)No
waiver or modification of this Agreement or any covenant, condition or limitation herein contained shall be valid and no evidence
of waiver or modification shall be offered or received in evidence in any proceeding, arbitration or litigation between the Parties
hereto arising out of or affecting this Agreement or the rights or obligations of the Parties hereunder, unless such waiver or
modification is in writing duly signed by all Parties, or in an email exchange where both Parties have commented. 

 

d)All
agreements and covenants contained herein are severable, and in the event that any of them shall be held to be invalid by any competent
court, this Agreement shall be interpreted as if such invalid agreement or covenant is not contained herein. 

 

e)The
failure of any Party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall
not be construed as a waiver of future performance of any such term, covenant, or condition, but the obligations of any Party with
respect thereto shall continue in full force and effect. 

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f)Neither
this Agreement nor any interest herein may be assigned in whole or in part by any Party hereto without the prior written consent
of all other Parties. 

 

g)The
terms and existence of this Agreement are confidential, and neither the contents nor its details of the Agreement may be shown
or disclosed by either Party, except to those individuals with who have a need to know as a result of being involved in or related
to this Agreement. 

 

h)In
addition to any remedies under the applicable law, the Parties recognize that any breach or violation of any provision of this
Agreement may cause irreparable harm to the other Party, which money damages may not necessarily remedy. Therefore, upon any actual
or impending violation of any provision of this Agreement, either Party may obtain from any court of competent jurisdiction a preliminary,
temporary or permanent injunction, restraining or enjoining such violation by the other Party or any entity or person acting in
concert with that Party. 

 

i)This
Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida. IF A DISPUTE ARISES, THE PARTIES
WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE A SINGLE ARBITRATOR FROM JUDICIAL
ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”); AND (b) WAIVE ANY RIGHT TO CIVIL TRIAL BY JUDGE OR JURY.  Notwithstanding
the foregoing, all claims alleging violation of restrictive covenants, mishandling of Confidential Information, or transgression
of intellectual property rights, shall be subject to the exclusive jurisdiction, in Miami, Florida, of either the Florida state
courts or the US District Court.  Before accepting appointment, the arbitrator shall agree: (a) that the arbitrator’s
award shall be made within nine (9) months of the filing of a notice of intention (or demand) to arbitrate  (but it may be
extended by written agreement of the parties); (b) to base any decision or award on governing law; (c) to not award punitive or
other damages that are not measured by the prevailing party’s actual damages, except as may be required by statute; and (d)
to issue an award in writing within ten (10) days of concluding the presentation of evidence and briefs.  Judgment may be
entered in any court having jurisdiction thereof.  The prevailing party shall be entitled to recover from the other party
its costs and expenses, including reasonable attorney’s fees. 

 

j)Authority:
Perez have full power and authority and are legally authorized to execute and bind the hospitals to new management contracts for
the benefit of iHealthcare, Inc.  

 

a.The
Parties further agree: 

 

1.To
the extent that they are not in conflict with this document, that the use of electronic messages shall create valid and enforceable
rights and obligations between them; and 

 

2.That
to the extent permitted under the applicable law, electronic messages shall be admissible as evidence, provided that such electronic
messages are sent to addresses and in formats, if any, designated either expressly or implicitly by the addresses; and  

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3.Not
to challenge the validity of any communication or agreement between them solely on the ground of the use of electronic means, whether
or not such use was reviewed by any natural person. 

 

1.This
Agreement may be executed in separate counterparts all of which shall be deemed to be one (1) agreement. 

 

 

 

SIGNATURE PAGE TO FOLLOW

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IN WITNESS WHEREOF, the Parties have caused this Agreement
to be Accepted and Agreed to as of January 7, 2019

 

 

 

JORGE A. PEREZiHealthcare Management II Company 

 

 

By: /s/ Jorge A. Perez By:  /s/ Noel
Mijares   

Jorge A. Perez                         
Noel Mijares, Chief Executive Officer 

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BUSINESS DEVELOPMENT AGREEMENT

Oswego Community Hospital

 

This document (“Agreement”)
reflects the agreement of iHealthcare Management II Company, a Florida Corporation with an address of 3901 NW 28th Street,
2nd Floor, Miami, Florida 33142, (“iHealthcare”) and Jorge A. Perez with an address of 13595 SW 134 Avenue,
Suite 209, Miami, Florida, 33186 , (“Perez”) (hereinafter, collectively iHealthcare and Perez are also known as the
“Parties,” or individually as a “Party”) to engage in business on the terms set forth below, as well as
such other terms and conditions as the Parties may agree.  The Parties may reduce the terms listed below to a more complete
written agreement, but they are not required to do so.

 

WHEREAS, iHealthcare is in the hospital management
business through its wholly owned subsidiary iHealthcare Management II Company and desires to expand its hospital management business; 

WHEREAS, Perez has demonstrated a track record
of developing and securing hospital management contracts; 

WHEREAS, the Parties desire to use their respective
assets for the common goal of assisting the rural healthcare landscape, driving healthcare insurance costs down, providing innovative
products and tools, and growing a small footprint of Hospitals and Service Offerings into a major sustainable business that will
serve communities throughout the United States; 

WHEREAS, the Parties consider their ongoing
relationship and potential business relationship to be independently valuable;  

NOW, THEREFORE, for and in consideration of the ongoing
and potential relationship between iHealthcare and Perez, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, iHealthcare and Perez, intending to be legally bound, do hereby agree as follows and acknowledge
the above recitals as true and incorporated herein, and: 

 

1)BUSINESS
DEVELOPMENT ENGAGEMENT:  

 

a)iHealthcare
hereby engages Perez to deliver a certain valid, binding, exclusive and executed hospital management contract for new business
for and on behalf of iHealthcare Management II Company;  

b)Perez
shall utilize the iHealthcare Management II Company contract template [attached]; 

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c)Perez
shall obtain any required consents, authorizations and binding approvals necessary to deliver an executed binding ten-year contracts
for hospital management services to iHealthcare Management II Company;  

d)Perez
will ensure iHealthcare is the exclusive provider of management services under these new agreements; 

e)Perez
will ensure that no liabilities of any kind which nay have incurred prior to the new contract inception date will transfer, assign
or inure to iHealthcare Management II Company;  

f)The
target inception date will be January 7, 2019 and limited only to CAH Acquisition Company 2, LLC D/B/A Oswego Community Hospital. 

 

2)TERMS.
 The Parties herby agree as follows:  

 

a)The
parties acknowledge that under this Business Development Agreement, the Parties agree to mutually work together to grow the business
model and create new revenue lines that are currently not operational.  

b)The
contracts, once executed, must have a 10-year non-cancelable term with renewals. 

 

3)CONSIDERATION:
With this in mind, the consideration for this business development effort will be a Success Fee structured as a Promissory Note
and Stock as follows:  

 

a)Success
Fee: $516,708.00 

1.The
Success Fee will be earned upon delivery of a legally binding and executed Management and Administrative Services Agreement.  
The Success Fee is based on a negotiated value.   

 

b)Terms
in General:  

1.iHealthcare
shall issue a Promissory Note for 100% of the agreed value under this Business Development Agreement.  

2.Promissory
Note will have a 10 year term and 4% simple annual interest on the unpaid balance.  

3.Payment:
Promissory Note may be prepaid without penalty, in full or in part, in cash or common stock at the option of iHealthcare. 

4.Default:
In the event of a default, iHealthcare shall be granted 45 days to cure, as stipulated in the Management and Administrative Services
Agreement. 

5.Security:
In the event of failure to cure the default after the 45-day period and remedy specified in the
Management and Administrative Services Agreement, the management agreement shall be surrendered to the Lender as security. 

6.Adjustments:
In the event that any of the named hospitals closes or is placed in receivership, files for bankruptcy, becomes insolvent or is
assigned to creditors, the portion of the Success Fee allocated to that specific hospital only shall be adjusted accordingly and
the associated portion of the Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced
to reflect that portion for the remaining term of the note.  

7.Offsets:
This Agreement is based on the premise that the Hospital Management and Administrative Services Agreements will be in effect for
10 full years which enables  

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iHealthcare to fund the payments for the Promissory
Note during this term. Therefore, there may be a pro rata offset to the balance of the Promissory Note if one or more of the following
occur during the ten-year term:

a)Any
early cancellation or termination of the contract that is not as a result of breach of contract by iHealthcare. 

b)Failure
to enforce the tagalong provision of the contract. 

c)A
Hospital ownership action to close the hospital. 

d)Loss
or suspension of Hospital License or Medicare Provider status relating to events occurring prior to closing. 

e)In
the event that the hospital closes or is placed in receivership, files for bankruptcy, becomes insolvent or is assigned to creditors,
the portion of the Success Fee listed in the Business Development Agreement shall be adjusted accordingly and the remaining portion
of this Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced to reflect that portion
for the remaining term of the note. 

f)Any
Offset is subject to arbitration and other remedies as specified in the Hospital Management and Administrative Services Agreement.
  

g)Liabilities
incurred prior to closing.  

 

c)Terms
of Preferred B Stock from iHealthcare, Inc:  

 

1.Success
Event: Final delivery of a fully executed, legally binding management contract for CAH Acquisition Company 2, LLC D/B/A Oswego
Community Hospital. 

2.Preferred
Series B Shares: A total of 36,362 Preferred Series B Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success Fee of this Agreement.   

3.Conversion
Value: One share of Preferred B for one share of Common Stock - Converted at the option of the Holder.  

4.Restrictions:
Shares will be restricted for 6 months from issuance per SEC regulations. 

5.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

6.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering. 

7.Voting:
Preferred B Shares are voting as one vote per share. 

8.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred B and Common stock to meet the obligations of this agreement. 

9.Interest:
No interest is paid or due on equity offers. 

10.Conditions:
The specific terms of Preferred B Shares are set and fixed by iHealthcare’s Articles of Incorporation. 

 

d)Terms
of Preferred C Stock from iHealthcare Inc:     

1.Success
Event: Final delivery of a legally binding Management and administrative Services Agreement for: CAH Acquisition Company 2, LLC
D/B/A Oswego Community Hospital.  

2.Preferred
Series C Shares: A total of 36,362 Preferred Series C Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success  

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Fee of this Agreement.  Terms will be listed
and Certificate of Designation for Preferred C Shares filed with the State of Delaware along with Board Resolution.   

3.Convertible
Note: The 36,362 Preferred Shares C will be issued as a Convertible Note to the Perez – Tio Family Trust. 

4.Conversion:
The Conversion value is one share of Preferred Stock to one share of Common Stock 

5.Value
Assurance Guarantee:  When converted from Preferred Shares to Common Stock, iHealthcare guarantees a minimum value, only on
the date of conversion, of $1.00 per share converted. If the value of the Common Stock trading on that day is below $1.00 per share,
the company will issue sufficient additional Common Stock share’s so that the total value of the redeemed converted Preferred
Stock redeemed to Common Stock equals a minimum of $1.00 per share based on the conversion date’s closing per share value
of Common Stock. If the value is in excess of $1.00 per share on the date of conversion, the share conversion remains 1:1 and the
Holder shall retain the upside value, if any. Common stock must be trading on a public exchange to qualify. 

6.Restricted
Share Tranches and Vesting: When each restricted share tranche reaches maturity in the Convertible Note on the following schedule
of performance, the note will covert to Preferred Shares as listed, at the option of the Holder.  

a)36,362
shares vested upon closing.   

7.Restricted
Share Conversion Schedule: Vested Preferred shares may convert and then shall be exercisable for conversion to Common Stock, all
or in part or none, at the option of the Holder only after the closing of the new management contracts, the following schedule:
 

a)36,362
– 12 months from date of closing. 

8.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

9.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering.  

10.Voting:
Preferred C Shares are non-voting until converted to Common Stock.  

11.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred C and Common stock to meet the obligations of this agreement. 

12.Interest:
No interest is paid or due on equity offers. 

 

1)NONDISCLOSURE
AND NONUSE OF CONFIDENTIAL INFORMATION.   

 

a)The
Parties acknowledge that they each have, may obtain or may develop certain Confidential Information (as defined below) in the ordinary
course of their business and that the Parties may learn of, or have access to, each other’s Confidential Information during
the course of their business relationship with each other. 

 

b)For
the purposes of this Agreement, the term “Confidential Information” shall mean any and all confidential and/or proprietary
knowledge, data, information or trade secrets used, obtained, or developed by or for a Party that is treated as confidential by
that Party, or is of a nature that should reasonably be understood by the receiving Party to be confidential, and is not and otherwise
would not be regularly and routinely available to the general public.  The term “Confidential Information,” includes,
without  

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limitation, information and data, whether in written,
oral, graphic or machine-readable form, but shall not include that which is (i) publicly available by other than unauthorized means,
(ii) disclosed to others by the disclosing Party or other proper Party without restriction, (iii) rightfully received from a third
party without restriction, (iv) discoverable by common observation, through publicly or commercially available sources, or by inspection
or analysis of products in the market place, or (v) general skill and knowledge.

 

c)The
receiving Party hereby agrees to comply with any and all of the disclosing Party’s commercially reasonable policies and procedures
for the protection of Confidential Information and, except as required by law or by the nature of receiving Party’s duties
for the disclosing Party or with the prior written approval of an authorized officer of the disclosing Party, receiving Party will
not, during its business relationship with disclosing Party or at any time thereafter, use or disclose, directly or indirectly
in any manner, any Confidential Information of the disclosing Party, including the fact that Confidential Information has been
made available to the receiving Party for any purpose other than in furtherance of the business relationship with disclosing Party.
The provisions of this Agreement regarding disclosure and use of Confidential Information shall survive the termination or expiration
of this Agreement and shall be effective forever.  

 

d)The
receiving Party hereby agrees that any Confidential Information is and shall remain the sole and exclusive property of the disclosing
Party for use in the disclosing Party’s business and shall be used solely in connection with furtherance of the business
relationship with disclosing Party and shall not be used by receiving Party, directly or indirectly, in any other manner whatsoever.
 Under no circumstances whatsoever shall receiving Party have any proprietary or other legal right to the disclosing Party’s
Confidential Information during, or subsequent to the termination or cessation of, the business relationship of the Parties. 

 

e)The
receiving Party hereby agrees not to disclose, copy, or remove from the premises of the disclosing Party any documents, records,
tapes or other media or format that contain or may contain Confidential Information, except as required by the nature of receiving
Party’s duties for the disclosing Party or as otherwise approved in writing by an authorized officer of the disclosing Party.
 Upon termination or cessation of the business relationship of the Parties, regardless of the reason for such termination
or cessation, receiving Party hereby agrees to return immediately to the disclosing Party, or destroy at the disclosing Party’s
discretion, all originals and copies of documents, records, tapes, or any other media or format that contain or may contain Confidential
Information. Furthermore, all Confidential Information belonging to disclosing Party will be and remain solely the property of
disclosing Party.  Any such return or destruction, as applicable, of Confidential Information shall be certified in writing
by receiving Party to disclosing Party within three (3) days of the return or destruction. Any Confidential Information that is
not returned or destroyed, including any oral Confidential Information, will continue to be kept confidential and subject of the
terms of this Agreement.  

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f)In
the event receiving Party is legally compelled to disclose Confidential Information belonging to disclosing Party, the receiving
Party shall promptly notify disclosing Party of each such requirement so that disclosing Party may seek a protective order or other
appropriate remedy and/or waive compliance with the provisions of this Agreement. In any such event, receiving Party will only
disclose such Confidential Information that s/he/it is advised by counsel to disclose and legally required to be disclosed and
shall exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to such Confidential Information. 

 

g)The
receiving Party’s access to Confidential Information shall automatically terminate at the termination or expiration of the
relationship between the Parties with respect to the subject matter of this Agreement. Notwithstanding the foregoing, disclosing
Party may immediately terminate access to its Confidential Information at any time. 

 

h)Neither
of the Parties to this Agreement shall make any announcement of the proposed transaction contemplated by this Agreement, without
the prior written approval of the other, which approval will not be unreasonably withheld or delayed.   The foregoing
shall not restrict in any respect the Party’s ability to communicate information concerning this Agreement, and the transactions
contemplated hereby, to their respective affiliates’, officers, directors, employees and professional advisers; and, (to
the extent relevant), to third parties whose consent is required in connection with the transaction contemplated by this Agreement. 

 

 

2)NON-CIRCUMVENTION.
  

 

a)The
Parties understand that in the performance of this Agreement they may each reveal to each other, contacts and relationships which
are not otherwise known to the general public or to whom the general public may otherwise not have access. 

 

b)The
Parties will not in any manner solicit, nor do business in any manner with individuals, entities, related parties or their affiliates
(“Source(es)”), which were made available to them through this Agreement by the other Party, without the express permission
of the party who made available the Source; 

 

c)Source
shall include, without limitation, any contact, contract or transaction with all persons, companies (e.g., limited liability companies,
etc.), firms, partnerships (e.g., general partnerships, limited liability partnerships, etc.), corporations (e.g., domestic, foreign,
international), co-ventures, joint ventures, trusts or any other entity with which they or any associate, agent, employee, or representative
are or may be in any way associated or concerned, no matter the country of origin or origination of the association. 

 

d)A
Party will not attempt either directly or indirectly, for the purposes of circumventing the other Party, to make any contact with
any individual or entity, including without limitation relationships, customers or clients, whose identity is made known to one
 

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Party solely in connection with their relationship
with the other Party, as contemplated by this Agreement, without the prior written approval of such other Party. The identity of
such individuals and entities shall be deemed proprietary and valuable to the Party in whose knowledge, such identity currently
resides.

 

e)The
Parties will maintain complete confidentiality regarding each other’s Sources and will disclose such Sources only to third
parties only pursuant to the express written permission of the Party who made available the Source; 

 

f)The
Parties will not disclose names, addresses, e-mail address, telephone and tele-fax or telex numbers to any Sources, to third parties
and the Parties each recognize such Sources as the exclusive property of the providing Party and they will not enter into any direct
negotiations or transactions with such Sources revealed by the other Party; 

 

g)The
Parties further undertake not to enter into business transaction with banks, iHealthcare’s sources of funds or other bodies,
the names of which have been provided by one of the Parties to this agreement, unless written permission has been obtained from
the other Party to do so.  

 

h)The
Parties also undertake not to make use of a third party to circumvent this clause. 

 

3)COVENANT
NOT TO COMPETE 

 

a)In
accordance with this Agreement, the Parties will gain knowledge of certain proprietary information belonging to the other Party
and valuable confidential business or professional information. The Parties may also acquire substantial relationships with specific
prospective or existing customers or clients and gain customer or client goodwill associated with the Parties’ ongoing business
or professional practice. The Parties may additionally be provided with extraordinary or specialized training, specific to the
Parties’ field of business and specific business. In light of the above, the Parties acknowledges and agrees that the they
each are entitled to a Covenant Not To Compete and such restraint is reasonably necessary to protect the legitimate business interest
or interests of the Parties, to the extent that there is an Ongoing Entity. 

 

b)Accordingly,
during the Parties’ relationship with each other and for a period of 10 years from the date of this Agreement, for any reason,
the Parties shall not, directly or indirectly, through another person or entity, compete with the each other anywhere where the
Ongoing Entity does business or owns an interest in or, as principal, agent, contractor, consultant, or employee or otherwise,
engages in activities for or renders services to any firm or business that competes with the Ongoing Entity, “Compete”
being defined as conducting business in the marketplace, contracting for hospital management services and all related marketing
models and business models. The territory shall be deemed to initially be the United States of America and such other locations
as the Ongoing Entity may be doing business at any time and also those States in which Ongoing Entity has reasonably advanced toward
doing business.  

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c)“Compete”
shall additionally include without limitation, soliciting, providing services to, or otherwise engaging in a business transaction
with customers or clients of the Ongoing Entity or any affiliate of the Ongoing Entity, or directly or indirectly soliciting for
employment any of the Ongoing Entity’s employees, or the employees of any of the Ongoing Entity’s affiliates. 

 

 

4)INDEMNIFICATION
AND MUTUAL HOLD HARMLESS 

 

(a) Perez shall indemnify, defend and hold harmless iHealthcare
and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of any and
all losses, claims, damages, causes of action, actions, obligations, liabilities, deficiencies, suits, proceedings, actual out-of-pocket
obligations and expenses (including cost of investigation, interest, penalties and reasonable attorneys' fees) (collectively, "Losses")
arising out of or due to the operation of the Business or relating to events prior to closing by iHealthcare, its affiliates, agents,
servants and/or employees after Closing  under the provisions of this Agreement. The obligations set forth in this Section
7(a) shall survive for a period of ten (10 years following the Expiration Date.

 

(b) iHealthcare shall indemnify, defend and hold harmless
Perez and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of
any and all Losses arising out of or due to gross negligence of the Manager, its affiliates, agents, servants and/or employees
prior to and during the commencement of the term of this Agreement. The obligations set forth in this Section 7(b) shall survive
for a period of ten (10) years following the Expiration Date.

 

(c) If a party entitled to indemnification (the "Indemnitee")
receives notice of any claim or the commencement of any action or proceeding with respect to which a party is obligated to provide
indemnification (the "Indemnifying Party") pursuant to subsections (a) and (b) of this Section, the Indemnitee shall
promptly give the Indemnifying Party notice thereof (Indemnification Notice"). Such Indemnification Notice shall be a condition
precedent to any liability of the Indemnifying Party under the provisions for indemnification contained in this Agreement. Except
as provided below, the Indemnifying Party may compromise, settle or defend, at such Indemnifying Party's own expense and by such
Indemnifying Party's own counsel, any such matter involving the asserted liability of the Indemnitee. In any event, the Indemnitee,
the Indemnifying Party and the Indemnifying Party's counsel shall cooperate in the compromise of, or defense against, any such
asserted liability. If the Indemnifying Party provides the Indemnitee a defense to a third party claim at the Indemnifying Party's
cost with a qualified attorney, Indemnitee may participate and/or monitor the defense with an attorney of the Indemnitee's selection
(at the Indemnitee's own expense). Provided that the Indemnifying Party pays for the full cost of the settlement of any claim,
the Indemnifying Party may settle any claim without the consent of the Indemnitee. If the Indemnifying Party chooses to defend
any claim, the Indemnitee shall make available to the Indemnifying Party any books, records or other documents within its control
that are necessary or appropriate for such defense.

 

8. LIMITATION OF LIABILITY

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NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL,
CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT DAMAGES ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF
ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS PARAGRAPH IS INTENDED TO LIMIT OR
RESTRICT THE INDEMNIFICATION RIGHTS OR OBLIGATIONS OF ANY PARTY UNDER SECTION 7, OR DAMAGES AVAILABLE FOR BREACHES OF THE OBLIGATIONS
SET FORTH IN SECTION 7.

 

a)Upon
request of any Party to this Agreement, the requested Party(ies) shall take such further actions, and shall cause its (their) personnel,
agents, and employees to take such further actions, including execution and delivery of documents, that may reasonably be deemed
necessary or desirable to accomplish or evidence more further the objectives and intent of this Agreement.   

 

b)This
Agreement contains the complete understanding between the Parties and shall as of the date hereof, supersede all other agreements,
whether they are written or oral, between the Parties concerning the particular subject matter.  Paragraphs 2 through 11 constitute
a binding contract and will continue in full force and effect surviving the termination of this Agreement.  Paragraph 1 is
a statement of interest and intent to do business, but as set forth above, Paragraph 1 shall become binding to the extent that
the Parties complete Due Diligence (as defined below) and iHealthcare elects to proceed, or where iHealthcare provides any capital
to Perez, without a more formal writing, the substantive terms herein shall be conclusive as to the agreement of the Parties.  Further,
to the extent that additional substantive terms are in issue, the course of conduct of the Parties shall be controlling as to such
terms. 

 

c)No
waiver or modification of this Agreement or any covenant, condition or limitation herein contained shall be valid and no evidence
of waiver or modification shall be offered or received in evidence in any proceeding, arbitration or litigation between the Parties
hereto arising out of or affecting this Agreement or the rights or obligations of the Parties hereunder, unless such waiver or
modification is in writing duly signed by all Parties, or in an email exchange where both Parties have commented. 

 

d)All
agreements and covenants contained herein are severable, and in the event that any of them shall be held to be invalid by any competent
court, this Agreement shall be interpreted as if such invalid agreement or covenant is not contained herein. 

 

e)The
failure of any Party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall
not be construed as a waiver of future performance of any such term, covenant, or condition, but the obligations of any Party with
respect thereto shall continue in full force and effect. 

 

f)Neither
this Agreement nor any interest herein may be assigned in whole or in part by any Party hereto without the prior written consent
of all other Parties. 

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g)The
terms and existence of this Agreement are confidential, and neither the contents nor its details of the Agreement may be shown
or disclosed by either Party, except to those individuals with who have a need to know as a result of being involved in or related
to this Agreement. 

 

h)In
addition to any remedies under the applicable law, the Parties recognize that any breach or violation of any provision of this
Agreement may cause irreparable harm to the other Party, which money damages may not necessarily remedy. Therefore, upon any actual
or impending violation of any provision of this Agreement, either Party may obtain from any court of competent jurisdiction a preliminary,
temporary or permanent injunction, restraining or enjoining such violation by the other Party or any entity or person acting in
concert with that Party. 

 

i)This
Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida. IF A DISPUTE ARISES, THE PARTIES
WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE A SINGLE ARBITRATOR FROM JUDICIAL
ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”); AND (b) WAIVE ANY RIGHT TO CIVIL TRIAL BY JUDGE OR JURY.  Notwithstanding
the foregoing, all claims alleging violation of restrictive covenants, mishandling of Confidential Information, or transgression
of intellectual property rights, shall be subject to the exclusive jurisdiction, in Miami, Florida, of either the Florida state
courts or the US District Court.  Before accepting appointment, the arbitrator shall agree: (a) that the arbitrator’s
award shall be made within nine (9) months of the filing of a notice of intention (or demand) to arbitrate  (but it may be
extended by written agreement of the parties); (b) to base any decision or award on governing law; (c) to not award punitive or
other damages that are not measured by the prevailing party’s actual damages, except as may be required by statute; and (d)
to issue an award in writing within ten (10) days of concluding the presentation of evidence and briefs.  Judgment may be
entered in any court having jurisdiction thereof.  The prevailing party shall be entitled to recover from the other party
its costs and expenses, including reasonable attorney’s fees. 

 

j)Authority:
Perez have full power and authority and are legally authorized to execute and bind the hospitals to new management contracts for
the benefit of iHealthcare, Inc.  

 

a.The
Parties further agree: 

 

1.To
the extent that they are not in conflict with this document, that the use of electronic messages shall create valid and enforceable
rights and obligations between them; and 

 

2.That
to the extent permitted under the applicable law, electronic messages shall be admissible as evidence, provided that such electronic
messages are sent to addresses and in formats, if any, designated either expressly or implicitly by the addresses; and  

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3.Not
to challenge the validity of any communication or agreement between them solely on the ground of the use of electronic means, whether
or not such use was reviewed by any natural person. 

 

1.This
Agreement may be executed in separate counterparts all of which shall be deemed to be one (1) agreement. 

 

 

 

SIGNATURE PAGE TO FOLLOW

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IN WITNESS WHEREOF, the Parties have caused this Agreement
to be Accepted and Agreed to as of January 7, 2019.

 

 

 

JORGE A. PEREZiHealthcare Management II Company 

 

 

 

By: /s/ Jorge A. Perez By:  /s/ Noel
Mijares   

Jorge A. Perez                         
Noel Mijares, Chief Executive Officer 

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Page 12 of 13

 

BUSINESS DEVELOPMENT AGREEMENT

Prague Community Hospital

 

This document (“Agreement”)
reflects the agreement of iHealthcare Management II Company, a Florida Corporation with an address of 3901 NW 28th Street,
2nd Floor, Miami, Florida 33142, (“iHealthcare”) and Jorge A. Perez with an address of 13595 SW 134 Avenue,
Suite 209, Miami, Florida, 33186 , (“Perez”) (hereinafter, collectively iHealthcare and Perez are also known as the
“Parties,” or individually as a “Party”) to engage in business on the terms set forth below, as well as
such other terms and conditions as the Parties may agree.  The Parties may reduce the terms listed below to a more complete
written agreement, but they are not required to do so.

 

WHEREAS, iHealthcare is in the hospital management
business through its wholly owned subsidiary iHealthcare Management II Company and desires to expand its hospital management business; 

WHEREAS, Perez has demonstrated a track record
of developing and securing hospital management contracts; 

WHEREAS, the Parties desire to use their respective
assets for the common goal of assisting the rural healthcare landscape, driving healthcare insurance costs down, providing innovative
products and tools, and growing a small footprint of Hospitals and Service Offerings into a major sustainable business that will
serve communities throughout the United States; 

WHEREAS, the Parties consider their ongoing
relationship and potential business relationship to be independently valuable;  

NOW, THEREFORE, for and in consideration of the ongoing
and potential relationship between iHealthcare and Perez, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, iHealthcare and Perez, intending to be legally bound, do hereby agree as follows and acknowledge
the above recitals as true and incorporated herein, and: 

 

1)BUSINESS
DEVELOPMENT ENGAGEMENT:  

 

a)iHealthcare
hereby engages Perez to deliver a certain valid, binding, exclusive and executed hospital management contract for new business
for and on behalf of iHealthcare Management II Company;  

b)Perez
shall utilize the iHealthcare Management II Company contract template [attached]; 

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c)Perez
shall obtain any required consents, authorizations and binding approvals necessary to deliver an executed binding ten-year contracts
for hospital management services to iHealthcare Management II Company;  

d)Perez
will ensure iHealthcare is the exclusive provider of management services under these new agreements; 

e)Perez
will ensure that no liabilities of any kind which nay have incurred prior to the new contract inception date will transfer, assign
or inure to iHealthcare Management II Company;  

f)The
target inception date will be January 7, 2019 and limited only to CAH Acquisition Company 7, LLC D/B/A Prague Community Hospital. 

 

2)TERMS.
 The Parties herby agree as follows:  

 

a)The
parties acknowledge that under this Business Development Agreement, the Parties agree to mutually work together to grow the business
model and create new revenue lines that are currently not operational.  

b)The
contracts, once executed, must have a 10-year non-cancelable term with renewals. 

 

3)CONSIDERATION:
With this in mind, the consideration for this business development effort will be a Success Fee structured as a Promissory Note
and Stock as follows:  

 

a)Success
Fee: $685,082.00 

1.The
Success Fee will be earned upon delivery of a legally binding and executed Management and Administrative Services Agreement.  
The Success Fee is based on a negotiated value.   

 

b)Terms
in General:  

1.iHealthcare
shall issue a Promissory Note for 100% of the agreed value under this Business Development Agreement.  

2.Promissory
Note will have a 10 year term and 4% simple annual interest on the unpaid balance.  

3.Payment:
Promissory Note may be prepaid without penalty, in full or in part, in cash or common stock at the option of iHealthcare. 

4.Default:
In the event of a default, iHealthcare shall be granted 45 days to cure, as stipulated in the Management and Administrative Services
Agreement. 

5.Security:
In the event of failure to cure the default after the 45-day period and remedy specified in the
Management and Administrative Services Agreement, the management agreement shall be surrendered to the Lender as security. 

6.Adjustments:
In the event that any of the named hospitals closes or is placed in receivership, files for bankruptcy, becomes insolvent or is
assigned to creditors, the portion of the Success Fee allocated to that specific hospital only shall be adjusted accordingly and
the associated portion of the Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced
to reflect that portion for the remaining term of the note.  

7.Offsets:
This Agreement is based on the premise that the Hospital Management and Administrative Services Agreements will be in effect for
10 full years which enables  

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iHealthcare to fund the payments for the Promissory
Note during this term. Therefore, there may be a pro rata offset to the balance of the Promissory Note if one or more of the following
occur during the ten-year term:

a)Any
early cancellation or termination of the contract that is not as a result of breach of contract by iHealthcare. 

b)Failure
to enforce the tagalong provision of the contract. 

c)A
Hospital ownership action to close the hospital. 

d)Loss
or suspension of Hospital License or Medicare Provider status relating to events occurring prior to closing. 

e)In
the event that the hospital closes or is placed in receivership, files for bankruptcy, becomes insolvent or is assigned to creditors,
the portion of the Success Fee listed in the Business Development Agreement shall be adjusted accordingly and the remaining portion
of this Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced to reflect that portion
for the remaining term of the note. 

f)Any
Offset is subject to arbitration and other remedies as specified in the Hospital Management and Administrative Services Agreement.
  

g)Liabilities
incurred prior to closing.  

 

c)Terms
of Preferred B Stock from iHealthcare, Inc:  

 

1.Success
Event: Final delivery of a fully executed, legally binding management contract for CAH Acquisition Company 7, LLC D/B/A Prague
Community Hospital. 

2.Preferred
Series B Shares: A total of 36,362 Preferred Series B Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success Fee of this Agreement.   

3.Conversion
Value: One share of Preferred B for one share of Common Stock - Converted at the option of the Holder.  

4.Restrictions:
Shares will be restricted for 6 months from issuance per SEC regulations. 

5.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

6.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering. 

7.Voting:
Preferred B Shares are voting as one vote per share. 

8.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred B and Common stock to meet the obligations of this agreement. 

9.Interest:
No interest is paid or due on equity offers. 

10.Conditions:
The specific terms of Preferred B Shares are set and fixed by iHealthcare’s Articles of Incorporation. 

 

d)Terms
of Preferred C Stock from iHealthcare Inc:     

1.Success
Event: Final delivery of a legally binding Management and administrative Services Agreement for: CAH Acquisition Company 7, LLC
D/B/A Prague Community Hospital.  

2.Preferred
Series C Shares: A total of 36,362 Preferred Series C Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success  

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Fee of this Agreement.  Terms will be listed
and Certificate of Designation for Preferred C Shares filed with the State of Delaware along with Board Resolution.   

3.Convertible
Note: The 36,362 Preferred Shares C will be issued as a Convertible Note to the Perez – Tio Family Trust. 

4.Conversion:
The Conversion value is one share of Preferred Stock to one share of Common Stock 

5.Value
Assurance Guarantee:  When converted from Preferred Shares to Common Stock, iHealthcare guarantees a minimum value, only on
the date of conversion, of $1.00 per share converted. If the value of the Common Stock trading on that day is below $1.00 per share,
the company will issue sufficient additional Common Stock share’s so that the total value of the redeemed converted Preferred
Stock redeemed to Common Stock equals a minimum of $1.00 per share based on the conversion date’s closing per share value
of Common Stock. If the value is in excess of $1.00 per share on the date of conversion, the share conversion remains 1:1 and the
Holder shall retain the upside value, if any. Common stock must be trading on a public exchange to qualify. 

6.Restricted
Share Tranches and Vesting: When each restricted share tranche reaches maturity in the Convertible Note on the following schedule
of performance, the note will covert to Preferred Shares as listed, at the option of the Holder.  

a)36,362
shares vested upon closing.   

7.Restricted
Share Conversion Schedule: Vested Preferred shares may convert and then shall be exercisable for conversion to Common Stock, all
or in part or none, at the option of the Holder only after the closing of the new management contracts, the following schedule:
 

a)36,362
– 12 months from date of closing. 

8.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

9.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering.  

10.Voting:
Preferred C Shares are non-voting until converted to Common Stock.  

11.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred C and Common stock to meet the obligations of this agreement. 

12.Interest:
No interest is paid or due on equity offers. 

 

 

1)NONDISCLOSURE
AND NONUSE OF CONFIDENTIAL INFORMATION.   

 

a)The
Parties acknowledge that they each have, may obtain or may develop certain Confidential Information (as defined below) in the ordinary
course of their business and that the Parties may learn of, or have access to, each other’s Confidential Information during
the course of their business relationship with each other. 

 

b)For
the purposes of this Agreement, the term “Confidential Information” shall mean any and all confidential and/or proprietary
knowledge, data, information or trade secrets used, obtained, or developed by or for a Party that is treated as confidential by
that Party, or is of a nature that should reasonably be understood by the receiving Party to be confidential, and is not and otherwise
would not be regularly and routinely  

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available to the general public.  The term
“Confidential Information,” includes, without limitation, information and data, whether in written, oral, graphic or
machine-readable form, but shall not include that which is (i) publicly available by other than unauthorized means, (ii) disclosed
to others by the disclosing Party or other proper Party without restriction, (iii) rightfully received from a third party without
restriction, (iv) discoverable by common observation, through publicly or commercially available sources, or by inspection or analysis
of products in the market place, or (v) general skill and knowledge.

 

c)The
receiving Party hereby agrees to comply with any and all of the disclosing Party’s commercially reasonable policies and procedures
for the protection of Confidential Information and, except as required by law or by the nature of receiving Party’s duties
for the disclosing Party or with the prior written approval of an authorized officer of the disclosing Party, receiving Party will
not, during its business relationship with disclosing Party or at any time thereafter, use or disclose, directly or indirectly
in any manner, any Confidential Information of the disclosing Party, including the fact that Confidential Information has been
made available to the receiving Party for any purpose other than in furtherance of the business relationship with disclosing Party.
The provisions of this Agreement regarding disclosure and use of Confidential Information shall survive the termination or expiration
of this Agreement and shall be effective forever.  

 

d)The
receiving Party hereby agrees that any Confidential Information is and shall remain the sole and exclusive property of the disclosing
Party for use in the disclosing Party’s business and shall be used solely in connection with furtherance of the business
relationship with disclosing Party and shall not be used by receiving Party, directly or indirectly, in any other manner whatsoever.
 Under no circumstances whatsoever shall receiving Party have any proprietary or other legal right to the disclosing Party’s
Confidential Information during, or subsequent to the termination or cessation of, the business relationship of the Parties. 

 

e)The
receiving Party hereby agrees not to disclose, copy, or remove from the premises of the disclosing Party any documents, records,
tapes or other media or format that contain or may contain Confidential Information, except as required by the nature of receiving
Party’s duties for the disclosing Party or as otherwise approved in writing by an authorized officer of the disclosing Party.
 Upon termination or cessation of the business relationship of the Parties, regardless of the reason for such termination
or cessation, receiving Party hereby agrees to return immediately to the disclosing Party, or destroy at the disclosing Party’s
discretion, all originals and copies of documents, records, tapes, or any other media or format that contain or may contain Confidential
Information. Furthermore, all Confidential Information belonging to disclosing Party will be and remain solely the property of
disclosing Party.  Any such return or destruction, as applicable, of Confidential Information shall be certified in writing
by receiving Party to disclosing Party within three (3) days of the return or destruction. Any Confidential Information that is
not returned or destroyed, including any oral  

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Confidential Information, will continue to be
kept confidential and subject of the terms of this Agreement.

f)In
the event receiving Party is legally compelled to disclose Confidential Information belonging to disclosing Party, the receiving
Party shall promptly notify disclosing Party of each such requirement so that disclosing Party may seek a protective order or other
appropriate remedy and/or waive compliance with the provisions of this Agreement. In any such event, receiving Party will only
disclose such Confidential Information that s/he/it is advised by counsel to disclose and legally required to be disclosed and
shall exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to such Confidential Information. 

 

g)The
receiving Party’s access to Confidential Information shall automatically terminate at the termination or expiration of the
relationship between the Parties with respect to the subject matter of this Agreement. Notwithstanding the foregoing, disclosing
Party may immediately terminate access to its Confidential Information at any time. 

 

h)Neither
of the Parties to this Agreement shall make any announcement of the proposed transaction contemplated by this Agreement, without
the prior written approval of the other, which approval will not be unreasonably withheld or delayed.   The foregoing
shall not restrict in any respect the Party’s ability to communicate information concerning this Agreement, and the transactions
contemplated hereby, to their respective affiliates’, officers, directors, employees and professional advisers; and, (to
the extent relevant), to third parties whose consent is required in connection with the transaction contemplated by this Agreement. 

 

 

2)NON-CIRCUMVENTION.
  

 

a)The
Parties understand that in the performance of this Agreement they may each reveal to each other, contacts and relationships which
are not otherwise known to the general public or to whom the general public may otherwise not have access. 

 

b)The
Parties will not in any manner solicit, nor do business in any manner with individuals, entities, related parties or their affiliates
(“Source(es)”), which were made available to them through this Agreement by the other Party, without the express permission
of the party who made available the Source; 

 

c)Source
shall include, without limitation, any contact, contract or transaction with all persons, companies (e.g., limited liability companies,
etc.), firms, partnerships (e.g., general partnerships, limited liability partnerships, etc.), corporations (e.g., domestic, foreign,
international), co-ventures, joint ventures, trusts or any other entity with which they or any associate, agent, employee, or representative
are or may be in any way associated or concerned, no matter the country of origin or origination of the association. 

 

d)A
Party will not attempt either directly or indirectly, for the purposes of circumventing  

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the other Party, to make any contact with any
individual or entity, including without limitation relationships, customers or clients, whose identity is made known to one Party
solely in connection with their relationship with the other Party, as contemplated by this Agreement, without the prior written
approval of such other Party. The identity of such individuals and entities shall be deemed proprietary and valuable to the Party
in whose knowledge, such identity currently resides.

 

e)The
Parties will maintain complete confidentiality regarding each other’s Sources and will disclose such Sources only to third
parties only pursuant to the express written permission of the Party who made available the Source; 

 

f)The
Parties will not disclose names, addresses, e-mail address, telephone and tele-fax or telex numbers to any Sources, to third parties
and the Parties each recognize such Sources as the exclusive property of the providing Party and they will not enter into any direct
negotiations or transactions with such Sources revealed by the other Party; 

 

g)The
Parties further undertake not to enter into business transaction with banks, iHealthcare’s sources of funds or other bodies,
the names of which have been provided by one of the Parties to this agreement, unless written permission has been obtained from
the other Party to do so.  

 

h)The
Parties also undertake not to make use of a third party to circumvent this clause. 

 

3)COVENANT
NOT TO COMPETE 

 

a)In
accordance with this Agreement, the Parties will gain knowledge of certain proprietary information belonging to the other Party
and valuable confidential business or professional information. The Parties may also acquire substantial relationships with specific
prospective or existing customers or clients and gain customer or client goodwill associated with the Parties’ ongoing business
or professional practice. The Parties may additionally be provided with extraordinary or specialized training, specific to the
Parties’ field of business and specific business. In light of the above, the Parties acknowledges and agrees that the they
each are entitled to a Covenant Not To Compete and such restraint is reasonably necessary to protect the legitimate business interest
or interests of the Parties, to the extent that there is an Ongoing Entity. 

 

b)Accordingly,
during the Parties’ relationship with each other and for a period of 10 years from the date of this Agreement, for any reason,
the Parties shall not, directly or indirectly, through another person or entity, compete with the each other anywhere where the
Ongoing Entity does business or owns an interest in or, as principal, agent, contractor, consultant, or employee or otherwise,
engages in activities for or renders services to any firm or business that competes with the Ongoing Entity, “Compete”
being defined as conducting business in the marketplace, contracting for hospital management services and all related marketing
models and business models. The territory shall be deemed to initially be the United States of America and such other locations
as the Ongoing Entity may be doing business at any time and also those States  

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in which Ongoing Entity has reasonably advanced
toward doing business.

 

c)“Compete”
shall additionally include without limitation, soliciting, providing services to, or otherwise engaging in a business transaction
with customers or clients of the Ongoing Entity or any affiliate of the Ongoing Entity, or directly or indirectly soliciting for
employment any of the Ongoing Entity’s employees, or the employees of any of the Ongoing Entity’s affiliates. 

 

 

4)INDEMNIFICATION
AND MUTUAL HOLD HARMLESS 

 

(a) Perez shall indemnify, defend and hold harmless iHealthcare
and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of any and
all losses, claims, damages, causes of action, actions, obligations, liabilities, deficiencies, suits, proceedings, actual out-of-pocket
obligations and expenses (including cost of investigation, interest, penalties and reasonable attorneys' fees) (collectively, "Losses")
arising out of or due to the operation of the Business or relating to events prior to closing by iHealthcare, its affiliates, agents,
servants and/or employees after Closing  under the provisions of this Agreement. The obligations set forth in this Section
7(a) shall survive for a period of ten (10 years following the Expiration Date.

 

(b) iHealthcare shall indemnify, defend and hold harmless
Perez and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of
any and all Losses arising out of or due to gross negligence of the Manager, its affiliates, agents, servants and/or employees
prior to and during the commencement of the term of this Agreement. The obligations set forth in this Section 7(b) shall survive
for a period of ten (10) years following the Expiration Date.

 

(c) If a party entitled to indemnification (the "Indemnitee")
receives notice of any claim or the commencement of any action or proceeding with respect to which a party is obligated to provide
indemnification (the "Indemnifying Party") pursuant to subsections (a) and (b) of this Section, the Indemnitee shall
promptly give the Indemnifying Party notice thereof (Indemnification Notice"). Such Indemnification Notice shall be a condition
precedent to any liability of the Indemnifying Party under the provisions for indemnification contained in this Agreement. Except
as provided below, the Indemnifying Party may compromise, settle or defend, at such Indemnifying Party's own expense and by such
Indemnifying Party's own counsel, any such matter involving the asserted liability of the Indemnitee. In any event, the Indemnitee,
the Indemnifying Party and the Indemnifying Party's counsel shall cooperate in the compromise of, or defense against, any such
asserted liability. If the Indemnifying Party provides the Indemnitee a defense to a third party claim at the Indemnifying Party's
cost with a qualified attorney, Indemnitee may participate and/or monitor the defense with an attorney of the Indemnitee's selection
(at the Indemnitee's own expense). Provided that the Indemnifying Party pays for the full cost of the settlement of any claim,
the Indemnifying Party may settle any claim without the consent of the Indemnitee. If the Indemnifying Party chooses to defend
any claim, the Indemnitee shall make available to the Indemnifying Party any books, records or other documents within its control
that are necessary or appropriate for such defense.

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8. LIMITATION OF LIABILITY

 

NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL,
CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT DAMAGES ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF
ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS PARAGRAPH IS INTENDED TO LIMIT OR
RESTRICT THE INDEMNIFICATION RIGHTS OR OBLIGATIONS OF ANY PARTY UNDER SECTION 7, OR DAMAGES AVAILABLE FOR BREACHES OF THE OBLIGATIONS
SET FORTH IN SECTION 7.

 

a)Upon
request of any Party to this Agreement, the requested Party(ies) shall take such further actions, and shall cause its (their) personnel,
agents, and employees to take such further actions, including execution and delivery of documents, that may reasonably be deemed
necessary or desirable to accomplish or evidence more further the objectives and intent of this Agreement.   

 

b)This
Agreement contains the complete understanding between the Parties and shall as of the date hereof, supersede all other agreements,
whether they are written or oral, between the Parties concerning the particular subject matter.  Paragraphs 2 through 11 constitute
a binding contract and will continue in full force and effect surviving the termination of this Agreement.  Paragraph 1 is
a statement of interest and intent to do business, but as set forth above, Paragraph 1 shall become binding to the extent that
the Parties complete Due Diligence (as defined below) and iHealthcare elects to proceed, or where iHealthcare provides any capital
to Perez, without a more formal writing, the substantive terms herein shall be conclusive as to the agreement of the Parties.  Further,
to the extent that additional substantive terms are in issue, the course of conduct of the Parties shall be controlling as to such
terms. 

 

c)No
waiver or modification of this Agreement or any covenant, condition or limitation herein contained shall be valid and no evidence
of waiver or modification shall be offered or received in evidence in any proceeding, arbitration or litigation between the Parties
hereto arising out of or affecting this Agreement or the rights or obligations of the Parties hereunder, unless such waiver or
modification is in writing duly signed by all Parties, or in an email exchange where both Parties have commented. 

 

d)All
agreements and covenants contained herein are severable, and in the event that any of them shall be held to be invalid by any competent
court, this Agreement shall be interpreted as if such invalid agreement or covenant is not contained herein. 

 

e)The
failure of any Party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall
not be construed as a waiver of future performance of any such term, covenant, or condition, but the obligations of any Party with
respect thereto shall continue in full force and effect. 

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f)Neither
this Agreement nor any interest herein may be assigned in whole or in part by any Party hereto without the prior written consent
of all other Parties. 

 

g)The
terms and existence of this Agreement are confidential, and neither the contents nor its details of the Agreement may be shown
or disclosed by either Party, except to those individuals with who have a need to know as a result of being involved in or related
to this Agreement. 

 

h)In
addition to any remedies under the applicable law, the Parties recognize that any breach or violation of any provision of this
Agreement may cause irreparable harm to the other Party, which money damages may not necessarily remedy. Therefore, upon any actual
or impending violation of any provision of this Agreement, either Party may obtain from any court of competent jurisdiction a preliminary,
temporary or permanent injunction, restraining or enjoining such violation by the other Party or any entity or person acting in
concert with that Party. 

 

i)This
Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida. IF A DISPUTE ARISES, THE PARTIES
WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE A SINGLE ARBITRATOR FROM JUDICIAL
ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”); AND (b) WAIVE ANY RIGHT TO CIVIL TRIAL BY JUDGE OR JURY.  Notwithstanding
the foregoing, all claims alleging violation of restrictive covenants, mishandling of Confidential Information, or transgression
of intellectual property rights, shall be subject to the exclusive jurisdiction, in Miami, Florida, of either the Florida state
courts or the US District Court.  Before accepting appointment, the arbitrator shall agree: (a) that the arbitrator’s
award shall be made within nine (9) months of the filing of a notice of intention (or demand) to arbitrate  (but it may be
extended by written agreement of the parties); (b) to base any decision or award on governing law; (c) to not award punitive or
other damages that are not measured by the prevailing party’s actual damages, except as may be required by statute; and (d)
to issue an award in writing within ten (10) days of concluding the presentation of evidence and briefs.  Judgment may be
entered in any court having jurisdiction thereof.  The prevailing party shall be entitled to recover from the other party
its costs and expenses, including reasonable attorney’s fees. 

 

j)Authority:
Perez have full power and authority and are legally authorized to execute and bind the hospitals to new management contracts for
the benefit of iHealthcare, Inc.  

 

a.The
Parties further agree: 

 

1.To
the extent that they are not in conflict with this document, that the use of electronic messages shall create valid and enforceable
rights and obligations between them; and 

 

2.That
to the extent permitted under the applicable law, electronic messages shall be admissible as evidence, provided that such electronic
messages are sent to addresses and in formats, if any, designated either expressly or implicitly by the addresses; and  

Business Agreement

Page 10 of 13

 

3.Not
to challenge the validity of any communication or agreement between them solely on the ground of the use of electronic means, whether
or not such use was reviewed by any natural person. 

 

1.This
Agreement may be executed in separate counterparts all of which shall be deemed to be one (1) agreement. 

 

 

 

SIGNATURE PAGE TO FOLLOW

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Page 11 of 13

 

IN WITNESS WHEREOF, the Parties have caused this Agreement
to be Accepted and Agreed to as of January 7, 2019.

 

 

 

JORGE A. PEREZiHealthcare Management II Company 

 

 

 

 

By: /s/ Jorge A. Perez By:  /s/ Noel
Mijares   

Jorge A. Perez                         
Noel Mijares, Chief Executive Officer 

Business Agreement

Page 12 of 13

 

BUSINESS DEVELOPMENT AGREEMENT

Washington County Hospital

 

This document (“Agreement”)
reflects the agreement of iHealthcare Management II Company, a Florida Corporation with an address of 3901 NW 28th Street,
2nd Floor, Miami, Florida 33142, (“iHealthcare”) and Jorge A. Perez with an address of 13595 SW 134 Avenue,
Suite 209, Miami, Florida, 33186 , (“Perez”) (hereinafter, collectively iHealthcare and Perez are also known as the
“Parties,” or individually as a “Party”) to engage in business on the terms set forth below, as well as
such other terms and conditions as the Parties may agree.  The Parties may reduce the terms listed below to a more complete
written agreement, but they are not required to do so.

 

WHEREAS, iHealthcare is in the hospital management
business through its wholly owned subsidiary iHealthcare Management II Company and desires to expand its hospital management business; 

WHEREAS, Perez has demonstrated a track record
of developing and securing hospital management contracts; 

WHEREAS, the Parties desire to use their respective
assets for the common goal of assisting the rural healthcare landscape, driving healthcare insurance costs down, providing innovative
products and tools, and growing a small footprint of Hospitals and Service Offerings into a major sustainable business that will
serve communities throughout the United States; 

WHEREAS, the Parties consider their ongoing
relationship and potential business relationship to be independently valuable;  

NOW, THEREFORE, for and in consideration of the ongoing
and potential relationship between iHealthcare and Perez, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, iHealthcare and Perez, intending to be legally bound, do hereby agree as follows and acknowledge
the above recitals as true and incorporated herein, and: 

 

1)BUSINESS
DEVELOPMENT ENGAGEMENT:  

 

a)iHealthcare
hereby engages Perez to deliver a certain valid, binding, exclusive and executed hospital management contract for new business
for and on behalf of iHealthcare Management II Company;  

b)Perez
shall utilize the iHealthcare Management II Company contract template [attached]; 

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c)Perez
shall obtain any required consents, authorizations and binding approvals necessary to deliver an executed binding ten-year contracts
for hospital management services to iHealthcare Management II Company;  

d)Perez
will ensure iHealthcare is the exclusive provider of management services under these new agreements; 

e)Perez
will ensure that no liabilities of any kind which nay have incurred prior to the new contract inception date will transfer, assign
or inure to iHealthcare Management II Company;  

f)The
target inception date will be January 7, 2019 and limited only to CAH Acquisition Company 1, LLC D/B/A Washington County Hospital. 

 

2)TERMS.
 The Parties herby agree as follows:  

 

a)The
parties acknowledge that under this Business Development Agreement, the Parties agree to mutually work together to grow the business
model and create new revenue lines that are currently not operational.  

b)The
contracts, once executed, must have a 10-year non-cancelable term with renewals. 

 

3)CONSIDERATION:
With this in mind, the consideration for this business development effort will be a Success Fee structured as a Promissory Note
and Stock as follows:  

 

a)Success
Fee: $1,278,560.00 

1.The
Success Fee will be earned upon delivery of a legally binding and executed Management and Administrative Services Agreement.  
The Success Fee is based on a negotiated value.   

 

b)Terms
in General:  

1.iHealthcare
shall issue a Promissory Note for 100% of the agreed value under this Business Development Agreement.  

2.Promissory
Note will have a 10 year term and 4% simple annual interest on the unpaid balance.  

3.Payment:
Promissory Note may be prepaid without penalty, in full or in part, in cash or common stock at the option of iHealthcare. 

4.Default:
In the event of a default, iHealthcare shall be granted 45 days to cure, as stipulated in the Management and Administrative Services
Agreement. 

5.Security:
In the event of failure to cure the default after the 45-day period and remedy specified in the
Management and Administrative Services Agreement, the management agreement shall be surrendered to the Lender as security. 

6.Adjustments:
In the event that any of the named hospitals closes or is placed in receivership, files for bankruptcy, becomes insolvent or is
assigned to creditors, the portion of the Success Fee allocated to that specific hospital only shall be adjusted accordingly and
the associated portion of the Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced
to reflect that portion for the remaining term of the note.  

7.Offsets:
This Agreement is based on the premise that the Hospital Management and Administrative Services Agreements will be in effect for
10 full years which enables  

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iHealthcare to fund the payments for the Promissory
Note during this term. Therefore, there may be a pro rata offset to the balance of the Promissory Note if one or more of the following
occur during the ten-year term:

a)Any
early cancellation or termination of the contract that is not as a result of breach of contract by iHealthcare. 

b)Failure
to enforce the tagalong provision of the contract. 

c)A
Hospital ownership action to close the hospital. 

d)Loss
or suspension of Hospital License or Medicare Provider status relating to events occurring prior to closing. 

e)In
the event that the hospital closes or is placed in receivership, files for bankruptcy, becomes insolvent or is assigned to creditors,
the portion of the Success Fee listed in the Business Development Agreement shall be adjusted accordingly and the remaining portion
of this Promissory Note shall be adjusted to reflect the change in event and the balance due shall be reduced to reflect that portion
for the remaining term of the note. 

f)Any
Offset is subject to arbitration and other remedies as specified in the Hospital Management and Administrative Services Agreement.
  

g)Liabilities
incurred prior to closing.  

 

c)Terms
of Preferred B Stock from iHealthcare, Inc:  

 

1.Success
Event: Final delivery of a fully executed, legally binding management contract for CAH Acquisition Company 1, LLC D/B/A Washington
County Hospital. 

2.Preferred
Series B Shares: A total of 36,362 Preferred Series B Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success Fee of this Agreement.   

3.Conversion
Value: One share of Preferred B for one share of Common Stock - Converted at the option of the Holder.  

4.Restrictions:
Shares will be restricted for 6 months from issuance per SEC regulations. 

5.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

6.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering. 

7.Voting:
Preferred B Shares are voting as one vote per share. 

8.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred B and Common stock to meet the obligations of this agreement. 

9.Interest:
No interest is paid or due on equity offers. 

10.Conditions:
The specific terms of Preferred B Shares are set and fixed by iHealthcare’s Articles of Incorporation. 

 

d)Terms
of Preferred C Stock from iHealthcare Inc:     

1.Success
Event: Final delivery of a legally binding Management and administrative Services Agreement for: CAH Acquisition Company 1, LLC
D/B/A Washington County Hospital.  

2.Preferred
Series C Shares: A total of 36,362 Preferred Series C Shares par value $0.0001 per share will be allocated to the Perez -Tio Family
Trust, as part of the Success  

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Fee of this Agreement.  Terms will be listed
and Certificate of Designation for Preferred C Shares filed with the State of Delaware along with Board Resolution.   

3.Convertible
Note: The 36,362 Preferred Shares C will be issued as a Convertible Note to the Perez – Tio Family Trust. 

4.Conversion:
The Conversion value is one share of Preferred Stock to one share of Common Stock 

5.Value
Assurance Guarantee:  When converted from Preferred Shares to Common Stock, iHealthcare guarantees a minimum value, only on
the date of conversion, of $1.00 per share converted. If the value of the Common Stock trading on that day is below $1.00 per share,
the company will issue sufficient additional Common Stock share’s so that the total value of the redeemed converted Preferred
Stock redeemed to Common Stock equals a minimum of $1.00 per share based on the conversion date’s closing per share value
of Common Stock. If the value is in excess of $1.00 per share on the date of conversion, the share conversion remains 1:1 and the
Holder shall retain the upside value, if any. Common stock must be trading on a public exchange to qualify. 

6.Restricted
Share Tranches and Vesting: When each restricted share tranche reaches maturity in the Convertible Note on the following schedule
of performance, the note will covert to Preferred Shares as listed, at the option of the Holder.  

a)36,362
shares vested upon closing.   

7.Restricted
Share Conversion Schedule: Vested Preferred shares may convert and then shall be exercisable for conversion to Common Stock, all
or in part or none, at the option of the Holder only after the closing of the new management contracts, the following schedule:
 

a)36,362
– 12 months from date of closing. 

8.COC:
Accelerated Conversion and call back on then existing terms at Change of Control. 

9.Call
Option: iHealthcare may call or force conversion all or part of the stock in the event of a recapitalization or liquidation event
or public offering.  

10.Voting:
Preferred C Shares are non-voting until converted to Common Stock.  

11.Reserves:
iHealthcare Inc. shall reserve sufficient shares of Preferred C and Common stock to meet the obligations of this agreement. 

12.Interest:
No interest is paid or due on equity offers. 

 

1)NONDISCLOSURE
AND NONUSE OF CONFIDENTIAL INFORMATION.   

 

a)The
Parties acknowledge that they each have, may obtain or may develop certain Confidential Information (as defined below) in the ordinary
course of their business and that the Parties may learn of, or have access to, each other’s Confidential Information during
the course of their business relationship with each other. 

 

b)For
the purposes of this Agreement, the term “Confidential Information” shall mean any and all confidential and/or proprietary
knowledge, data, information or trade secrets used, obtained, or developed by or for a Party that is treated as confidential by
that Party, or is of a nature that should reasonably be understood by the receiving Party to be confidential, and is not and otherwise
would not be regularly and routinely available to the general public.  The term “Confidential Information,” includes,
without  

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limitation, information and data, whether in written,
oral, graphic or machine-readable form, but shall not include that which is (i) publicly available by other than unauthorized means,
(ii) disclosed to others by the disclosing Party or other proper Party without restriction, (iii) rightfully received from a third
party without restriction, (iv) discoverable by common observation, through publicly or commercially available sources, or by inspection
or analysis of products in the market place, or (v) general skill and knowledge.

 

c)The
receiving Party hereby agrees to comply with any and all of the disclosing Party’s commercially reasonable policies and procedures
for the protection of Confidential Information and, except as required by law or by the nature of receiving Party’s duties
for the disclosing Party or with the prior written approval of an authorized officer of the disclosing Party, receiving Party will
not, during its business relationship with disclosing Party or at any time thereafter, use or disclose, directly or indirectly
in any manner, any Confidential Information of the disclosing Party, including the fact that Confidential Information has been
made available to the receiving Party for any purpose other than in furtherance of the business relationship with disclosing Party.
The provisions of this Agreement regarding disclosure and use of Confidential Information shall survive the termination or expiration
of this Agreement and shall be effective forever.  

 

d)The
receiving Party hereby agrees that any Confidential Information is and shall remain the sole and exclusive property of the disclosing
Party for use in the disclosing Party’s business and shall be used solely in connection with furtherance of the business
relationship with disclosing Party and shall not be used by receiving Party, directly or indirectly, in any other manner whatsoever.
 Under no circumstances whatsoever shall receiving Party have any proprietary or other legal right to the disclosing Party’s
Confidential Information during, or subsequent to the termination or cessation of, the business relationship of the Parties. 

 

e)The
receiving Party hereby agrees not to disclose, copy, or remove from the premises of the disclosing Party any documents, records,
tapes or other media or format that contain or may contain Confidential Information, except as required by the nature of receiving
Party’s duties for the disclosing Party or as otherwise approved in writing by an authorized officer of the disclosing Party.
 Upon termination or cessation of the business relationship of the Parties, regardless of the reason for such termination
or cessation, receiving Party hereby agrees to return immediately to the disclosing Party, or destroy at the disclosing Party’s
discretion, all originals and copies of documents, records, tapes, or any other media or format that contain or may contain Confidential
Information. Furthermore, all Confidential Information belonging to disclosing Party will be and remain solely the property of
disclosing Party.  Any such return or destruction, as applicable, of Confidential Information shall be certified in writing
by receiving Party to disclosing Party within three (3) days of the return or destruction. Any Confidential Information that is
not returned or destroyed, including any oral Confidential Information, will continue to be kept confidential and subject of the
terms of this Agreement.  

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f)In
the event receiving Party is legally compelled to disclose Confidential Information belonging to disclosing Party, the receiving
Party shall promptly notify disclosing Party of each such requirement so that disclosing Party may seek a protective order or other
appropriate remedy and/or waive compliance with the provisions of this Agreement. In any such event, receiving Party will only
disclose such Confidential Information that s/he/it is advised by counsel to disclose and legally required to be disclosed and
shall exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to such Confidential Information. 

 

g)The
receiving Party’s access to Confidential Information shall automatically terminate at the termination or expiration of the
relationship between the Parties with respect to the subject matter of this Agreement. Notwithstanding the foregoing, disclosing
Party may immediately terminate access to its Confidential Information at any time. 

 

h)Neither
of the Parties to this Agreement shall make any announcement of the proposed transaction contemplated by this Agreement, without
the prior written approval of the other, which approval will not be unreasonably withheld or delayed.   The foregoing
shall not restrict in any respect the Party’s ability to communicate information concerning this Agreement, and the transactions
contemplated hereby, to their respective affiliates’, officers, directors, employees and professional advisers; and, (to
the extent relevant), to third parties whose consent is required in connection with the transaction contemplated by this Agreement. 

 

 

2)NON-CIRCUMVENTION.
  

 

a)The
Parties understand that in the performance of this Agreement they may each reveal to each other, contacts and relationships which
are not otherwise known to the general public or to whom the general public may otherwise not have access. 

 

b)The
Parties will not in any manner solicit, nor do business in any manner with individuals, entities, related parties or their affiliates
(“Source(es)”), which were made available to them through this Agreement by the other Party, without the express permission
of the party who made available the Source; 

 

c)Source
shall include, without limitation, any contact, contract or transaction with all persons, companies (e.g., limited liability companies,
etc.), firms, partnerships (e.g., general partnerships, limited liability partnerships, etc.), corporations (e.g., domestic, foreign,
international), co-ventures, joint ventures, trusts or any other entity with which they or any associate, agent, employee, or representative
are or may be in any way associated or concerned, no matter the country of origin or origination of the association. 

 

d)A
Party will not attempt either directly or indirectly, for the purposes of circumventing the other Party, to make any contact with
any individual or entity, including without limitation relationships, customers or clients, whose identity is made known to one
 

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Party solely in connection with their relationship
with the other Party, as contemplated by this Agreement, without the prior written approval of such other Party. The identity of
such individuals and entities shall be deemed proprietary and valuable to the Party in whose knowledge, such identity currently
resides.

 

e)The
Parties will maintain complete confidentiality regarding each other’s Sources and will disclose such Sources only to third
parties only pursuant to the express written permission of the Party who made available the Source; 

 

f)The
Parties will not disclose names, addresses, e-mail address, telephone and tele-fax or telex numbers to any Sources, to third parties
and the Parties each recognize such Sources as the exclusive property of the providing Party and they will not enter into any direct
negotiations or transactions with such Sources revealed by the other Party; 

 

g)The
Parties further undertake not to enter into business transaction with banks, iHealthcare’s sources of funds or other bodies,
the names of which have been provided by one of the Parties to this agreement, unless written permission has been obtained from
the other Party to do so.  

 

h)The
Parties also undertake not to make use of a third party to circumvent this clause. 

 

3)COVENANT
NOT TO COMPETE 

 

a)In
accordance with this Agreement, the Parties will gain knowledge of certain proprietary information belonging to the other Party
and valuable confidential business or professional information. The Parties may also acquire substantial relationships with specific
prospective or existing customers or clients and gain customer or client goodwill associated with the Parties’ ongoing business
or professional practice. The Parties may additionally be provided with extraordinary or specialized training, specific to the
Parties’ field of business and specific business. In light of the above, the Parties acknowledges and agrees that the they
each are entitled to a Covenant Not To Compete and such restraint is reasonably necessary to protect the legitimate business interest
or interests of the Parties, to the extent that there is an Ongoing Entity. 

 

b)Accordingly,
during the Parties’ relationship with each other and for a period of 10 years from the date of this Agreement, for any reason,
the Parties shall not, directly or indirectly, through another person or entity, compete with the each other anywhere where the
Ongoing Entity does business or owns an interest in or, as principal, agent, contractor, consultant, or employee or otherwise,
engages in activities for or renders services to any firm or business that competes with the Ongoing Entity, “Compete”
being defined as conducting business in the marketplace, contracting for hospital management services and all related marketing
models and business models. The territory shall be deemed to initially be the United States of America and such other locations
as the Ongoing Entity may be doing business at any time and also those States in which Ongoing Entity has reasonably advanced toward
doing business.  

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c)“Compete”
shall additionally include without limitation, soliciting, providing services to, or otherwise engaging in a business transaction
with customers or clients of the Ongoing Entity or any affiliate of the Ongoing Entity, or directly or indirectly soliciting for
employment any of the Ongoing Entity’s employees, or the employees of any of the Ongoing Entity’s affiliates. 

 

 

4)INDEMNIFICATION
AND MUTUAL HOLD HARMLESS 

 

(a) Perez shall indemnify, defend and hold harmless iHealthcare
and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of any and
all losses, claims, damages, causes of action, actions, obligations, liabilities, deficiencies, suits, proceedings, actual out-of-pocket
obligations and expenses (including cost of investigation, interest, penalties and reasonable attorneys' fees) (collectively, "Losses")
arising out of or due to the operation of the Business or relating to events prior to closing by iHealthcare, its affiliates, agents,
servants and/or employees after Closing  under the provisions of this Agreement. The obligations set forth in this Section
7(a) shall survive for a period of ten (10 years following the Expiration Date.

 

(b) iHealthcare shall indemnify, defend and hold harmless
Perez and its affiliates, their respective shareholders, officers, directors, employees, and agents, against and in respect of
any and all Losses arising out of or due to gross negligence of the Manager, its affiliates, agents, servants and/or employees
prior to and during the commencement of the term of this Agreement. The obligations set forth in this Section 7(b) shall survive
for a period of ten (10) years following the Expiration Date.

 

(c) If a party entitled to indemnification (the "Indemnitee")
receives notice of any claim or the commencement of any action or proceeding with respect to which a party is obligated to provide
indemnification (the "Indemnifying Party") pursuant to subsections (a) and (b) of this Section, the Indemnitee shall
promptly give the Indemnifying Party notice thereof (Indemnification Notice"). Such Indemnification Notice shall be a condition
precedent to any liability of the Indemnifying Party under the provisions for indemnification contained in this Agreement. Except
as provided below, the Indemnifying Party may compromise, settle or defend, at such Indemnifying Party's own expense and by such
Indemnifying Party's own counsel, any such matter involving the asserted liability of the Indemnitee. In any event, the Indemnitee,
the Indemnifying Party and the Indemnifying Party's counsel shall cooperate in the compromise of, or defense against, any such
asserted liability. If the Indemnifying Party provides the Indemnitee a defense to a third party claim at the Indemnifying Party's
cost with a qualified attorney, Indemnitee may participate and/or monitor the defense with an attorney of the Indemnitee's selection
(at the Indemnitee's own expense). Provided that the Indemnifying Party pays for the full cost of the settlement of any claim,
the Indemnifying Party may settle any claim without the consent of the Indemnitee. If the Indemnifying Party chooses to defend
any claim, the Indemnitee shall make available to the Indemnifying Party any books, records or other documents within its control
that are necessary or appropriate for such defense.

 

8. LIMITATION OF LIABILITY

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NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL,
CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT DAMAGES ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF
ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS PARAGRAPH IS INTENDED TO LIMIT OR
RESTRICT THE INDEMNIFICATION RIGHTS OR OBLIGATIONS OF ANY PARTY UNDER SECTION 7, OR DAMAGES AVAILABLE FOR BREACHES OF THE OBLIGATIONS
SET FORTH IN SECTION 7.

 

a)Upon
request of any Party to this Agreement, the requested Party(ies) shall take such further actions, and shall cause its (their) personnel,
agents, and employees to take such further actions, including execution and delivery of documents, that may reasonably be deemed
necessary or desirable to accomplish or evidence more further the objectives and intent of this Agreement.   

 

b)This
Agreement contains the complete understanding between the Parties and shall as of the date hereof, supersede all other agreements,
whether they are written or oral, between the Parties concerning the particular subject matter.  Paragraphs 2 through 11 constitute
a binding contract and will continue in full force and effect surviving the termination of this Agreement.  Paragraph 1 is
a statement of interest and intent to do business, but as set forth above, Paragraph 1 shall become binding to the extent that
the Parties complete Due Diligence (as defined below) and iHealthcare elects to proceed, or where iHealthcare provides any capital
to Perez, without a more formal writing, the substantive terms herein shall be conclusive as to the agreement of the Parties.  Further,
to the extent that additional substantive terms are in issue, the course of conduct of the Parties shall be controlling as to such
terms. 

 

c)No
waiver or modification of this Agreement or any covenant, condition or limitation herein contained shall be valid and no evidence
of waiver or modification shall be offered or received in evidence in any proceeding, arbitration or litigation between the Parties
hereto arising out of or affecting this Agreement or the rights or obligations of the Parties hereunder, unless such waiver or
modification is in writing duly signed by all Parties, or in an email exchange where both Parties have commented. 

 

d)All
agreements and covenants contained herein are severable, and in the event that any of them shall be held to be invalid by any competent
court, this Agreement shall be interpreted as if such invalid agreement or covenant is not contained herein. 

 

e)The
failure of any Party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall
not be construed as a waiver of future performance of any such term, covenant, or condition, but the obligations of any Party with
respect thereto shall continue in full force and effect. 

 

f)Neither
this Agreement nor any interest herein may be assigned in whole or in part by any Party hereto without the prior written consent
of all other Parties. 

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Page 9 of 13

 

g)The
terms and existence of this Agreement are confidential, and neither the contents nor its details of the Agreement may be shown
or disclosed by either Party, except to those individuals with who have a need to know as a result of being involved in or related
to this Agreement. 

 

h)In
addition to any remedies under the applicable law, the Parties recognize that any breach or violation of any provision of this
Agreement may cause irreparable harm to the other Party, which money damages may not necessarily remedy. Therefore, upon any actual
or impending violation of any provision of this Agreement, either Party may obtain from any court of competent jurisdiction a preliminary,
temporary or permanent injunction, restraining or enjoining such violation by the other Party or any entity or person acting in
concert with that Party. 

 

i)This
Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida. IF A DISPUTE ARISES, THE PARTIES
WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE A SINGLE ARBITRATOR FROM JUDICIAL
ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”); AND (b) WAIVE ANY RIGHT TO CIVIL TRIAL BY JUDGE OR JURY.  Notwithstanding
the foregoing, all claims alleging violation of restrictive covenants, mishandling of Confidential Information, or transgression
of intellectual property rights, shall be subject to the exclusive jurisdiction, in Miami, Florida, of either the Florida state
courts or the US District Court.  Before accepting appointment, the arbitrator shall agree: (a) that the arbitrator’s
award shall be made within nine (9) months of the filing of a notice of intention (or demand) to arbitrate  (but it may be
extended by written agreement of the parties); (b) to base any decision or award on governing law; (c) to not award punitive or
other damages that are not measured by the prevailing party’s actual damages, except as may be required by statute; and (d)
to issue an award in writing within ten (10) days of concluding the presentation of evidence and briefs.  Judgment may be
entered in any court having jurisdiction thereof.  The prevailing party shall be entitled to recover from the other party
its costs and expenses, including reasonable attorney’s fees. 

 

j)Authority:
Perez have full power and authority and are legally authorized to execute and bind the hospitals to new management contracts for
the benefit of iHealthcare, Inc.  

 

a.The
Parties further agree: 

 

1.To
the extent that they are not in conflict with this document, that the use of electronic messages shall create valid and enforceable
rights and obligations between them; and 

 

2.That
to the extent permitted under the applicable law, electronic messages shall be admissible as evidence, provided that such electronic
messages are sent to addresses and in formats, if any, designated either expressly or implicitly by the addresses; and  

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3.Not
to challenge the validity of any communication or agreement between them solely on the ground of the use of electronic means, whether
or not such use was reviewed by any natural person. 

 

1.This
Agreement may be executed in separate counterparts all of which shall be deemed to be one (1) agreement. 

 

 

 

SIGNATURE PAGE TO FOLLOW

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IN WITNESS WHEREOF, the Parties have caused this Agreement
to be Accepted and Agreed to as of January 7, 2019

 

 

 

JORGE A. PEREZiHealthcare Management II Company 

 

 

 

 

By: /s/ Jorge A. Perez By:  /s/ Noel
Mijares   

Jorge A. Perez                         
Noel Mijares, Chief Executive Officer 

Business Agreement

Page 12 of 13MANAGEMENT AND ADMINISTRATIVE SERVICES
AGREEMENT

De Queen Healthcare Hospital

 

THIS MANAGEMENT AND ADMINISTRATIVE SERVICES AGREEMENT
(this “Agreement”) is entered into as of the 7th day of January 2019, by and among De Queen Healthcare Hospital, LLC
(“DQH”), a Nevada Limited Liability Company, and iHealthcare Management Company, a Florida Corporation (“Manager”).
DQH and Manager are sometimes referred to herein individually as a “Party” or collectively as the “Parties.”

WITNESSETH:

WHEREAS, DQH owns and operates an acute general medical
and surgical hospital (the “DQH Facilities”) located on the medical campus with a principal address of 1306 W Collin
Raye Drive, De Queen, Arkansas, 71832;

WHEREAS, Manager is a Hospital Management Company;

WHEREAS, Manager has demonstrated expertise and a
track record of successfully managing and improving the performance of hospitals serving rural communities;

WHEREAS, DQH desires that Manager provide services
to administer, supervise, and manage, and Manager desires to administer, supervise, and manage, the operations of the DQH Facilities
on behalf of DQH commencing on January 7, 2019 (the “Effective Date”) on the terms and conditions set forth hereinafter,
in furtherance of and consistent with DQH’s mission:

NOW, THEREFORE, in consideration of the foregoing
and the mutual agreements, covenants and promises hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, and intending to be legally bound, the Parties hereto agree as follows:

1.Retention
of Manager. Subject to the terms and conditions of this Agreement, as of the Effective Date, DQH hereby retains and appoints
Manager to manage the DQH Facilities on behalf of DQH. Manager shall provide, at Manager’s sole expense and determination,
all necessary corporate administration, shared services, legal services, compliance, hospital employee benefits program sponsorship,
general business infrastructure and support necessary for Manager’s performance under this agreement. During the Term hereof,
Manager shall be the exclusive provider of such services as are described herein as Management Services. 

2.Strategic
Plan and Budget. Manager and DQH, shall develop and agree on an annual plan setting forth details regarding the strategic,
operational and capital activities that Manager shall undertake and  

1

oversee on behalf of DQH and the budgets regarding
such activities (as amended from time to time, the “Strategic Plan and Budget”), which shall include, among other matters:

(a)strategic,
programmatic and service line initiatives (including their operating and capital requirements) for the DQH Facilities; 

(b)performance
improvement initiatives, business development objectives, cost reduction plans, synergistic opportunities and efficiency improvements; 

(c)an
annual operating budget setting forth an estimate of operating revenues and expenses for the next year, which operating budget
shall be in reasonable detail and shall contain an explanation of anticipated changes in utilization, patient charges, payroll,
and other factors; 

(d)an
annual capital expenditures budget outlining a program of capital expenditures for the next fiscal year, which budget shall designate
expenditure items as either “routine capital” or “enhancement capital” and estimate where possible their
return on investment and other impact on operations, market position, etc.; and 

(e)an
annual projection of cash receipts and disbursements based upon the proposed capital expenditures and operating budgets, which
projection shall contain recommendations concerning use of excess cash flow, if any. 

2.2Revenues.
To the extent cash revenues of the DQH Facilities are not sufficient to support expenditures contemplated by the Strategic Plan
and Budget, DQH will be solely responsible for its cost of operation. If requested by DQH, Manager will use commercially reasonable
efforts to assist DQH in obtaining financing to fund such cost of operation. Manager shall use commercially reasonable efforts
to achieve the revenue targets and other goals consistent with the Strategic Plan and Budget and Performance Targets. 

3.Control
By DQH. Notwithstanding anything contained anywhere to the contrary, the Governing Body of DQH shall be the Governing Body
of the DQH Facilities (the “Governing Body”) and, shall possess ultimate authority and control over DQH. DQH authorizes
general operating policies developed by and to be carried out by Manager under this Agreement. The Governing Body shall delegate
authority to Manager to enable Manager effectively to perform its functions hereunder. By entering into this Agreement, DQH does
not, and shall not in the future, delegate to Manager any of the powers, duties, and responsibilities vested in the Governing Body
by law or by DQH’s governing documents. DQH is solely obligated to and shall pay, make funds available to Manager for the
payment of, or otherwise cause to be satisfied or discharged, all Hospital Expenses in accordance with the terms of this Agreement.
On a monthly basis, Manager shall meet or confer with DQH and provide financial reports, statistical reports, updates and review
requests for approvals by the Governing Body.  

4.Operational
Services. Manager shall use commercially reasonable efforts to oversee the efficient and orderly operation of the DQH Facilities
and shall provide the following services in accordance to the terms hereof, or if not herein specified then at least at the level
of prevailing industry practices:  

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4.1Key
Hospital Services. Manager shall (a) use commercially reasonable efforts to perform all services consistent with the specific standards
herein, (b) use commercially reasonable efforts otherwise to oversee the implementation of processes and systems at the DQH Facilities
consistent with the Strategic Plan and Budget, and (c) refrain from intentionally taking any actions that are in material violation
of applicable laws in its activities pursuant to this Agreement. Manager’s objectives in performing the Management Services
shall include the following: 

(a)Improving
Emergency Department responsiveness to patients, reducing wait times and left-without-being-seen metrics; 

(b)Improving
clinical service quality and documentation through sophisticated hospitalist and case management programs and quality of services
[which may be provided by telehealth services]; 

(c)Decreasing
supply chain costs and quality of services by standardizing purchasing activities and establishing cost-effective purchasing and
usage protocols; 

(d)Managing
labor costs through disciplined staffing policies, while strengthening employee retention and recruitment activities; 

(e)Improving
the clinical documentation, coding and billing procedures of the DQH Facilities, and compliance with government programs and private
payor requirements, so as to increase proper fee realization in accordance with applicable contracts and law; 

(f)Assisting
with the improvement of other revenue cycle functions; 

(g)Developing
new recurring revenue streams and increasing inpatient volumes by expanding and refining managed care activities; 

(h)Realigning
administrative infrastructure to better capitalize on system scale and to standardize best practices; 

(i)Improving
marketing, advertising and positioning of DQH within the local market; 

(j)Improving
care protocols and management of patient care flow, bed availability and turnover, and length of stay; 

(k)Augmenting
initiatives in payer relations and contracting; 

(l)Enhancing
the effective linkage of the clinical enterprise with support of DQH’s teaching and research activities; and 

(m)Implementing
the services described in the remainder of this Agreement. 

3

(n)Advising
the Governing Body of any material actions that Manager recommends be taken to avoid material non-compliance with law or deficiencies
in services. 

4.2Staffing. 

(a)During
the Term, Manager shall contract with and provide, and at its sole expense pay all compensation and benefits due to support necessary
and adequate corporate administration, corporate shared services and corporate business infrastructure. Each such Senior Executive,
and any future replacement thereof, shall be subject to reasonable advance approval by the Governing Body, which shall not be unreasonably
withheld or delayed. When so approved by the Governing Body and in the performance of their duties hereunder, such Senior Executives
shall be subject to and shall comply with all DQH policies and requirements applicable to their respective positions and duties,
subject to the Senior Executives being advised thereof in writing in advance.  In addition, at Hospital Expense and not included
in the Management Fee, Manager may make available certain advisors and other personnel (the “Senior Advisors”) from
time to time to consult with, visit and perform on site periodic reviews and evaluations, and advise DQH regarding the operations
and business of the DQH Facilities in order to ensure effective management of the DQH Facilities.  The Parties acknowledge
and agree that the composition of such advisory services at any given time may vary depending on the needs of the business of DQH,
in Manager’s reasonable discretion and/or at DQH’s reasonable request and Manager’s agreement thereto. 

(b)Subject
to the Strategic Plan and Budget, Manager will determine necessary and appropriate staffing levels of the DQH Facilities, and Manager
shall oversee and administer the recruitment and hiring in the name of and on behalf of DQH such physicians, nurses, technicians,
administrative, and other staff as are determined to be necessary or appropriate for the operation of the DQH Facilities. Manager
shall execute on behalf of DQH, as appropriate, any employee hiring, terminations, or other actions. Manager shall monitor and
review all payroll functions for the DQH Facilities periodically. 

(c)All
personnel required to be employed directly by DQH under applicable licensure and reimbursement laws, regulations, and related requirements
shall be employees or contractors of DQH (“DQH Personnel”) and not Manager, and shall be subject to DQH’s personnel
policies. All wages, benefits and other payroll expenses related to DQH Personnel shall be included as part of Hospital Expenses.
For the avoidance of doubt, the term DQH Personnel does not include any Senior Executives or any personnel of Manager, unless DQH
first approves their addition at Hospital Expense.  

(d)Manager
shall administer and oversee the enforcement of personnel policies established in accordance with DQH’s contractual obligations,
employment policies and the Strategic Plan and Budget in connection with hiring, managing, and discharging DQH Personnel. 

(e)Subject
to the terms of any applicable labor agreements binding  DQH or the DQH Facilities, including, without limitation, any collective
bargaining agreements, Manager, as the  

4

authorized agent of DQH, shall (i) determine
the staffing plans on behalf of DQH with respect to the number and qualifications of DQH Personnel required for the efficient and
effective operation of DQH Facilities operations, and, (ii) in accordance with the Strategic Plan and Budget, implement wage scales,
employee benefit packages and programs, in-service training programs, staffing schedules, and job descriptions for DQH Personnel,
all in order to accomplish the policies established by DQH.

(f)           Manager
is authorized to provide or arrange for cost effective employer self-insured employee benefits programs either through third parties
or through an affiliate of Manager on behalf of the Hospital at Hospital Expense. Manager is authorized to sponsor such programs
as necessary for their implementation.  

4.3Training.
Manager, in collaboration with DQH, shall assist in educational training programs for DQH Personnel designed to improve inpatient
and case management, clinical documentation, departmental operations and such other matters as Manager may determine to be beneficial
to the efficient operation of the DQH Facilities. 

4.4Contracts.
Manager shall assist the Senior Executives in negotiating and consummating agreements and contracts for and on behalf of the DQH
Facilities in the name of DQH in the usual course of business, all in accordance with the Strategic Plan and Budget. 

4.5Laws
and Accreditations. Manager shall aid in obtaining and maintaining, in DQH’s name, all licenses, permits, approvals and certificates
of accreditation required for the operation of the DQH Facilities. 

4.6Medical
Records. Manager shall administer and oversee systems for the timely, accurate and efficient creation, filing, security, sharing
among care givers and other lawful persons, and retrieval at the DQH Facilities, of all medical records, charts, and files, all
in accordance with applicable law, the requirements of payors, the needs of effective risk management and compliance systems, and
other best practices. 

4.7HIPAA
and Business Associate Agreement. The Parties hereby acknowledge and agree to enter into and comply with the Business Associate
Addendum attached hereto, to evidence their compliance with privacy standards adopted by   the U.S. Department of Health
and Human Services as they may be amended from time to time, 45 C.F.R. Parts 160 and 164, subparts A, D and E, the security standards
adopted by the U.S. Department of Health and Human Services as they may be amended from time to time, 45 C.F.R. Parts 160, 162
and 164, subpart C , and the requirements of Title XIII, Subtitle D of the Health Information Technology for Economic and Clinical
Health (HITECH) Act provisions of the American Recovery and Reinvestment Act of 2009, 42 U.S.C. §§ 17921-17954,
and all its implementing regulations, when and as each is effective and compliance is required, as well as any applicable state
confidentiality laws. 

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4.8Support
Services. Manager shall administer and oversee customary hospital support services, including, but not limited to, housekeeping,
maintenance (including repair and maintenance of the interior and exterior of the DQH Facilities building, and grounds), janitorial,
security and food services. 

4.9Information
Technology Systems and Records. Manager shall administer and oversee the maintenance and operation of accounting, auditing, budgeting,
reimbursement, revenue cycle, payor reporting and reconciliation, electronic health record, computerized physician order entry,
and other clinical service records and other information technology systems required for the efficient management of the DQH Facilities’
affairs and compliance with payor program requirements and/or contracts. Manager shall administer and oversee the preparation and
maintenance of all books and records regarding operations and financial transactions pertaining to the DQH Facilities and shall
ensure copies of such books and records are made available to the Governing Body or its designee upon request.  

4.10Establishment
of Operational Policies. Manager shall develop and implement DQH policies, procedures, and standards of operation, maintenance,
pricing, and other matters affecting the DQH Facilities and the operation thereof, consistent with the Strategic Plan and Budget. 

4.11Acquisition
of Property. Manager shall be responsible for the oversight of acquisition of all personal property, equipment, supplies, and inventory
as may be necessary to operate the DQH Facilities in accordance with (i) this Agreement, (ii) the Strategic Plan and Budget, (iii)
applicable laws, rules, and regulations, and (iv) applicable standards and guidelines on accreditation promulgated by the Joint
Commission or any other applicable accreditation organization. Manager shall have the right to utilize such personal property,
equipment, supplies, and inventory at the DQH Facilities as Manager reasonably deems necessary and appropriate to fulfill its obligations
hereunder. 

4.12DQH
Missions. Manager shall assist DQH in: 

(a)Managing
the linkage between the clinical programs and student and resident academic training programs; and 

(b)Enhancing
the DQH Facilities’ community service mission and engagement in community activities that educate, inspire, and improve the
quality of life and overall health outcomes of the patient populations served by DQH. 

4.13Public
Relations. Manager shall implement such advertising, marketing and other activities as may be conducive to the efficient operation
of the DQH Facilities, subject to the prior approval of the Management Committee for all new materials. Subject to the foregoing,
from time to time, Manager shall engage in reasonable and lawful marketing and public relations activities designed to enhance
the DQH Facilities’ image and reputation and to secure and maintain patients at the DQH Facilities. 

4.14Liability
Insurance. Manager shall obtain and/or maintain in effect, on DQH’s behalf and at DQH’s sole expense, throughout the
term of this Agreement, such policies (or programs) of property/casualty coverage, public liability, professional liability and
hazard insurance and other customary insurance coverage's in commercially reasonable amounts for and on behalf of the DQH Facilities
as are designated  

6

by DQH and consistent with the Strategic Plan and
Budget or, in the absence of such a specification, as Manager considers reasonable and prudent based on criteria generally used
by Manager with respect to the hospitals owned or managed by Manager. DQH, Manager and the Senior Executives shall be covered under
all such applicable policies (or programs). Additionally, Manager and the Senior Executives shall be named as additional insured's
under DQH’s Directors’ and Officers’ liability, Errors and Omissions liability, professional liability and other
insurance policies and the Senior Executives shall be insured under any such policies to the same extent as DQH’s other officers
and directors.

4.15Indigent
Care. Manager shall assure access to medical care for indigent persons at the DQH Facilities in accordance with DQH’s mission,
the Strategic Plan and Budget and applicable law. Manager and DQH shall ensure that charity care at DQH Facilities is provided
in a manner consistent with DQH’s policies in effect from time to time. Manager shall implement and administer on behalf
of DQH appropriate agreements with governmental authorities concerning reimbursement for services provided to indigent and uninsured
persons. 

4.16Charges. 

(a)Manager
shall oversee the billing for services rendered by the DQH Facilities and the collection of all accounts due to the DQH Facilities
in accordance with lawful Charge-master and collection policies developed by DQH pursuant to the Strategic Plan and Budget and
each applicable third-party payor program or contract. DQH shall approve the Charge-master. Manager shall update DQH on all changes
to the Charge-master as they may occur in the normal course of business. Manager shall be entitled to obtain, on behalf of, and
at the expense of, DQH, the assistance of one or more collection agencies who shall be required to act in accordance with law and
generally recognized practices for hospitals (such as the AHA Guidelines.)  

(b)DQH
shall maintain bank accounts (“DQH Accounts”) necessary for operations of the DQH Facilities and Manager shall cause
to be deposited therein all receipts and money arising from operations of the DQH Facilities. It is anticipated that the Senior
Executives appointed as Chief Executive Officer and designated Chief Financial Officer or designee of DQH, and such other individuals
as are approved by the Governing Body from time to time, shall have the right to authorize disbursements from DQH Accounts on behalf
of DQH in such amounts and at such times as the same are required, as addressed further below. 

4.17Payment
of Expenses. Provided DQH has sufficient funds, Manager shall timely and accurately pay on behalf of DQH, from funds generated
by the DQH Facilities in the DQH Accounts, where and as due, and without delinquency or default, all proper debts, liabilities,
costs, and expenses (“Expenses”) related to the ownership, management and operation of the DQH Facilities, including
any taxes  and all  bills for goods delivered or services rendered to the DQH Facilities and all personal property, supplies,
inventory and all other items necessary for operation of the DQH Facilities and to provide the Management Services described herein.
Manager shall contest by appropriate and legal means, (but may not bring any lawsuit without complying with such guidelines and
policies as are established from time to time by the Governing  

7

Body or the Management Committee) on behalf of DQH,
any claims for payment asserted with respect to the DQH Facilities that Manager, in good faith, considers erroneous or improper.

4.18Agency.
Within the scope of functions delegated to Manager hereunder and subject to other conditions set forth herein, Manager shall have
the right to act and shall assist DQH as the agent and attorney-in-fact of DQH in the procuring of licenses, permits and other
approvals, the payment and collection of accounts, and in all other activities necessary, appropriate, or useful to Manager in
the carrying out of its duties. In performing such services, Manager shall comply with all applicable laws, regulations and requirements
of governmental bodies. 

4.19Elective
Corporate-Based Consulting Services. If requested by DQH and agreed by Manager, Manager or its designees may provide as added elective
consulting services (not included with Management Fees but paid instead under mutually agreed separate written agreements), corporate-based
consulting services that are outside of the scope of the Management Services provided under this Agreement (“Consulting Services”).
Manager will provide any such Consulting Services at market rates or such rates as may be mutually agreed to by the Parties, which
rates shall be determined at the time such Consulting Services are requested. 

4.20Compliance
with Law and Professional Standards. In performing its services hereunder, and in all conduct related to this Agreement, Manager
will comply with all applicable laws and with generally recognized professional standards for similar services within the hospital
management industry. 

5.Reports
to DQH. For the purpose of keeping informed with respect to the operation of the DQH Facilities and Manager’s performance
hereunder, Manager shall arrange for the preparation and delivery to the Governing Body or its designee the following: 

5.1Financial
Statements. 

(a)Submit
to the Governing Body quarterly unaudited financial statements of the DQH Facilities, containing a balance sheet and a statement
of income, prepared in reasonable detail and in accordance with generally accepted accounting principles; and 

(b)Annually,
within one hundred twenty (120) days after the end of each fiscal year of the DQH Facilities, audited financial statements of the
DQH Facilities (“Audited Financial Statements”), including a balance sheet, statement of income, and statement of changes
in financial position, prepared in reasonable detail and in accordance with generally accepted accounting principles and accompanied
by a report of the independent auditor of the DQH Facilities (selected by the Governing Body). The timing of audit submissions
assumes DQH has paid audit fees in a timely manner.  

5.2Strategic
Plan and Budget. An annual updated Strategic Plan and Budget, to be delivered at least thirty (30) days prior to the beginning
of each DQH Fiscal Year during the Term of this Agreement. 

5.3Reports.
All reports deliverable hereunder shall be generated by Manager using the then-existing systems of DQH and delivery of such reports
is conditioned upon the capability, availability, cooperation  

8

and access to, such DQH systems and personnel for
Manager. Manager shall hold annual meetings with the Governing Body or its designee specified in writing to discuss the reports
required by this Agreement.

6.Access
to Reports and Communications. Each Party agrees to provide the other, promptly when received, with access to all material
reports, other filings, and communications from governmental authorities or agencies having jurisdiction over the DQH Facilities. 

7.Medical
Staff, Quality of Care. 

7.1Cooperation
with Medical Staff. Manager shall reasonably cooperate and maintain liaisons with the medical staff of the DQH Facilities (collectively,
the “Medical Staff”) and shall advise and assist the Medical Staff concerning procedural matters and standards and
guidelines on accreditation promulgated by The Joint Commission or any other applicable accreditation organization. However, all
medical, ethical, and professional matters, including control of and questions relating to the composition, qualifications, and
responsibilities of the Medical Staff, shall be the responsibility of the Governing Body, the Credentialing Committee, and the
Medical Staff of the DQH Facilities. 

7.2Quality
Assurance Program. Manager shall review and make recommendations regarding DQH’s existing Quality Assurance Program and QIIP
and shall assist DQH with the implementation and administration of its Quality Assurance Program in accordance with applicable
law. 

7.3Medical
Affairs Committee. In order to provide a forum for communication among representatives of the Medical Staff and to ensure compliance
with DQH’s Quality Assurance Program, Manager shall assist DQH in the implementation and administration of a Medical Affairs
Committee that shall consist of a designated senior officer of DQH, physicians appointed by the Medical Staff, persons designated
by the Governing Body or its designee, and one additional person designated by Manager. The Medical Affairs Committee, if and when
implemented, would meet quarterly, or as needed, keep minutes of its meetings, and have the following suggested duties: 

(a)to
ensure that acceptable medical, ethical, and professional standards are attained within the DQH Facilities; 

(b)to
assist in implementation of the Quality Assurance Program so that the quality of health care provided at the DQH Facilities may
be measured objectively; 

(c)to
ensure that all patients admitted to the DQH Facilities or treated as outpatients receive quality patient care; 

(d)to
provide a forum for discussion of problems of a medical- administrative nature; 

(e)to
assist the Governing Body and Manager in ensuring compliance with federal, state, and local requirements; and 

(f)to
act in an advisory capacity in the implementation of quality of care policies adopted by the Governing Body or the Medical Staff. 

9

8.Laws;
Licenses; Reimbursement Programs; Accreditation. 

8.1Compliance
with Law. In performing services hereunder and in all other actions related to this Agreement, Manager and all personnel of Manager
shall comply with applicable federal, state, and local laws, rules, and regulations relating to the DQH Facilities or Manager’s
Management Services, including without limitation all agencies having jurisdiction over health care services, billing, labor/employment,
taxation, environmental compliance, antitrust, or physical facility compliance. Manager shall assist DQH to operate the DQH Facilities
so that it maintains all necessary licenses, permits, consents, and approvals from all governmental agencies that have jurisdiction
over the operation of the DQH Facilities. Manager shall not be obligated to DQH for failure of the DQH Facilities to comply with
any such laws, rules, and regulations or for failure of the DQH Facilities to maintain any such licenses, permits, consents, and
approvals, to the extent that the failure is due to financial limitations of the DQH Facilities or to the design or construction
of the DQH Facilities, or is attributable to acts, errors or omissions of DQH or its agents (other than Manager or Manager’s
employees or contractors). 

8.2Compliance
for Charges for Services. Manager shall oversee compliance with all laws, regulations and payer contract or program requirements
concerning coding, billing, charging, collecting and reporting on fees received for services of or provided in the DQH Facilities. 

8.3Accreditation.
Manager shall use its commercially reasonable efforts to manage the DQH Facilities in the manner necessary to maintain accreditation
by The Joint Commission or any other similar applicable accreditation organization. 

8.4No
Violation. Neither DQH nor Manager shall knowingly cause or permit any action that shall (i) cause any governmental authority having
jurisdiction over the operation of the DQH Facilities to institute any proceeding for the rescission, suspension, or revocation
of any license, permit, consent, or approval; (ii) cause the Joint Commission or any other similar applicable accreditation organization
to institute any proceeding or action to revoke its accreditation of the DQH Facilities; (iii) cause a termination of, or adversely
affect, DQH’s participation in Medicare, Medicaid, Blue Cross, or any other public or private medical payment program; or
(iv) cause DQH to violate or default under any of its legal obligations under debt financings. DQH, and not Manager, shall bear
sole responsibility for non-compliance with this section if non-compliance was due to insufficient funds or acts, errors or omissions
by DQH Personnel.  

9.Limitations
on Manager’s Exercise of Duties. 

9.1Limitations
on Manager’s Exercise of Duties. 

(a)Except
as contemplated by the Strategic Plan and Budget or as the Governing Body or its designee may specifically authorize in writing
from time to time, Manager shall not have the authority to undertake the following, on DQH’s behalf, without the advance
written consent of the Governing Body (or its designee authorized in writing): 

10

(1)Purchase
capital assets or incur expenses (other than consistent with the Strategic Plan and Budget) in excess of $50,000 or such higher
amount as may be authorized by DQH. 

(2)Incur
debt on behalf of DQH; 

(3)Encumber
DQH property, or sell or dispose of any material assets having a value in excess of $25,000; 

(4)Approve
or undertake any other matters required by law to be approved by DQH’s Governing Body; 

(5)File
or settle litigation; 

(6)Grant
any person any rights with respect to ownership of, or limiting the activities of, the DQH Facilities; or 

(b)Except
as set forth in the Strategic Plan and Budget, DQH shall have the ultimate authority to decide, in its sole and absolute discretion,
whether to approve, disapprove or undertake any of the above listed items.  However, DQH agrees to consult and cooperate with
Manager in good faith concerning any decisions related to the above listed items. The following list includes general items that
require Board approval: 

1.Adopting
or amending employee equity and benefit plans 

2.Hiring
or firing senior officers or key employees 

3.Entering
into employment agreements, or amending the terms of employment, for senior officers 

4.Borrowing
or lending money 

5.Adopting
an annual budget 

6.Entering
into agreements of material importance to the corporation (e.g., financing agreements, material license agreements and leases) 

7.Any
expenses of greater than $50,000.00 (Fifty Thousand Dollars) 

10.Defense
of Claims; Exculpation. 

10.1DQH. 

(a)DQH
agrees to indemnify, defend and hold harmless Manager, including its “advisors” (selected by Manager and accepted by
DQH), affiliates, subsidiaries, successors and assigns, and any employee, agent, officer, director, shareholders, manager, representative,
attorney, or independent contractors, including but not limited to Senior Executives and their employer and  

11

its affiliates (together, the “SE Employer”),
and direct or indirect equity holder of Manager, and any person who controls Manager (any or all of the foregoing hereinafter a
“Manager Indemnified Person”), from and against any losses, damages, liabilities, deficiencies, claims, actions, suits,
proceedings, judgments, settlements, interest, awards, penalties, fines, costs, or expenses (including reasonable attorneys’
fees and costs of defense), joint or several, of any kind or nature whatsoever (collectively, “Claims”) that may be
incurred by or asserted against Manager or a Manager Indemnified Person (whether or not Manager or a Manager Indemnified Person
is party to such Claims) to the extent they result from, arise out of, or are in any way related to, the following, in each case
as finally determined by an arbitrator:

(1)the
breach or non-fulfillment or violation by DQH or any of its Representatives of any of the covenants, duties, obligations, representations
or warranties of DQH set forth in this Agreement; 

(2)any
actions or omissions of DQH or its affiliates, subsidiaries, successors, assigns, employees, agents, officers, directors, managers,
advisors, representatives, attorneys, independent contractors (respectively, “Representatives,” but for the avoidance
of doubt specifically excluding Manager, SE Employer and Manager Indemnified Persons), including without limitation actions or
omissions arising out of the negligence, gross negligence, recklessness, or willful misconduct of DQH or its Representatives  related
to this Agreement; 

(3)any
failure by DQH or any of its Representatives to comply with any applicable federal, state or local laws, regulations or codes in
the performance of its obligations under this Agreement; 

(4)Manager’s
or any Manager Indemnified Person’s involvement in, in any manner including without limitation the management of, oversight
of or operation of, the DQH Facilities or any other errors, actions or omissions of Manager or any Manager Indemnified Person; 

(5)any
claim which is brought or asserted by third parties against Manager or any Manager Indemnified Person relating to this Agreement
or DQH’s ownership or operation of the DQH Facilities, including without limitation the use of any real or tangible property
in connection with the DQH Facilities; or 

(6)any
bodily injury, death of any person or damage to real or tangible property caused by the acts or omissions of DQH or any of its
Representatives. 

(b)Furthermore,
DQH agrees to reimburse Manager, as incurred and upon demand by Manager, for legal or other expenses reasonably incurred by Manager
or a Manager Indemnified Person in connection with investigating, defending or preparing to defend any such Claims (including without
limitation in connection with the enforcement of the indemnification obligations set forth herein), whether or not Manager or any
Manager Indemnified Person is a  

12

party to any Claims out of which any such expenses
arise and whether or not such Claims are brought by DQH, its Representatives or any other person or entity.

(c)However,
DQH shall not be obligated under the foregoing indemnity agreement in respect to any Claims (a) to the extent such Claims resulted
in whole or in part from the gross negligence, willful misconduct or fraud of Manager or a Manager Indemnified Person; (b) by one
Manager Indemnified Person against another relating to activities of such parties pursuant to the Agreement; or (c) arising from
(i) felony criminal activity that any Senior Executive or Manager Indemnified Person directly participated in or (ii) other acts
indemnifiable by Manager, in each such case (other than with respect to felony criminal acts), as finally determined by an arbitrator. 

(d)The
reimbursement and indemnity obligations of DQH under this Agreement shall be in addition to any liability DQH may otherwise have;
shall extend upon the same terms and conditions to the Manager Indemnified Persons, and shall be binding upon and inure to the
benefit of any successors, assigns, heirs, and personal representatives of DQH, or of Manager or any Manager Indemnified Persons. 

10.2Manager.
Manager shall indemnify, defend, and hold harmless DQH including its affiliates, subcontractors, successors and assigns and any
employee, agent, officer, director, manager, representative, attorney or independent contractor (“DQH Indemnified Persons”)
against any Claims (including reasonable attorneys’ fees and costs of defense) to the extent that they result from the felony
criminal acts that Manager Indemnified Persons directly participated in, willful misconduct, gross negligence or fraud of Manager,
in each such case (other than with respect to felony criminal acts which shall require final judgment by a court of competent jurisdiction
(not subject to further appeal)), as finally determined by an arbitrator. A Manager Indemnified Person shall not be liable for
any act or omission of any other Manager Indemnified Person other than its own officers, directors, employees and subcontractors.
In addition, Manager shall not be obligated under the foregoing indemnity agreement in respect to any Claims (a) to the extent
such Claims resulted in whole or in part   from the gross negligence, willful misconduct or fraud of DQH or a DQH Indemnified
Person (b) by one DQH Indemnified Person against another relating to activities of such  parties pursuant to the Agreement;
or (c) arising from (i) felony criminal activity that  any DQH Indemnified Person directly participated in or (ii) other acts
indemnifiable by DQH, in each such case (other than with respect to felony criminal acts) as finally determined by an arbitrator.
The Manager Indemnified Persons shall not be liable for any act, error, omission or delay taken at the specific direction or with
the express approval of the Governing Body to take action or the failure of the Governing Body to take action.  

10.3Procedure. 

(a)In
the event that any Party hereunder shall receive any notice of any claim or proceeding against said Party in respect to which indemnity
may be sought under this Agreement, the said Party (“Indemnitee”) shall give the Party upon whom   a claim
could be made under this Agreement (“Indemnitor”) written notice of such loss, liability, claim, damage, or expense
and the Indemnitor shall have the right to contest and defend any action brought against the Indemnitee  

13

based thereon, and shall have the right to contest
and defend any such action in the name of the Indemnitee at the Indemnitor’s own expense; provided, however, that if the
Indemnitor shall fail to assume the defense and notify the Indemnitee of the assumption of the defense of any such action within
ten (10) days of the giving of such notice by the Indemnitee, then the Indemnitee shall have the right to take any such action
as it reasonably deems appropriate to defend, contest, settle, or compromise any such action or assessment and claim indemnification
as provided herein; provided, however, that no Party shall settle any such action without the consent of the other applicable Party
(which consent shall not be unreasonably withheld) unless such settlement involves only the payment of money and the claimant provides
the Indemnitee a release from all liability in respect of such claim. If the Indemnitor defends any action for which indemnification
is claimed, the Indemnitee shall be entitled to participate at its own expense in the defense of such action; and further, provided,
however, that the Indemnitor shall bear the fees  and expense of the Indemnitee’s counsel only if (i) the engagement
of such counsel is specifically authorized in writing by the Indemnitor, (ii) the Indemnitor is not adequately prosecuting the
defense in good faith, or (iii) the named parties to such action include both the Indemnitor and the Indemnitee and there exists
a conflict or divergence of interest between such parties which renders it inappropriate for counsel selected by the Indemnitor
to represent both of  such parties. The Indemnitor shall not be liable for any settlement of any claim, action, or proceeding
effected without its written consent. No Party shall recover an amount in excess of the actual damages incurred.

(b)Notice
of all claims as required by this Agreement shall be promptly provided as to (i) the nature of any claim; or (ii) the commencement
of any suitor proceeding brought to enforce any claim. In the event of failure to provide such notice or in the event that Indemnitee
shall fail to cooperate fully with the Indemnitor in the Indemnitor’s defense of any suit or proceeding, the Indemnitor shall
be released from some or all of its obligations with respect to that suit or proceeding to the extent that the failure of notice
or cooperation actually and materially adversely affected the Indemnitor’s defense of such claims. 

10.4Indemnification
of Senior Executives. In addition to, and without limiting the indemnification described above, DQH shall indemnify the Senior
Executives who will be acting as officers of DQH to the same extent and subject to the same conditions as the most favorable indemnification
it extends to its officers or directors, whether under DQH's charter, bylaws, by contract or otherwise. 

10.5Exculpation
of Senior Executives and SE Employer. Though the Senior Executives may continue to be employed by and associated with the Manager
or SE Employer and its affiliates while providing services described hereunder, with respect to DQH and DQH, the Senior Executives
shall serve at the pleasure and direction of the Manager and/or Governing Body and neither the SE Employer, any Senior Executive
nor any of their respective affiliates shall have any liability to DQH or DQH for any acts or omissions of the Senior Executives,
notwithstanding that SE Employer may receive compensation from Manager for making the Senior Executives available to serve in such
capacity (and DQH and DQH expressly waive and agree not to assert any claim of respondent superior or similar legal theory which
might otherwise hold SE Employer or its affiliates liable for the acts or omissions  of the Senior Executives), except to
the extent  

14

that any such Claims result primarily and directly
from such Senior Executive’s felony criminal acts, willful misconduct, gross negligence or fraud in each such case (other
than with respect to felony criminal acts which shall require final judgment by a court of competent jurisdiction (not subject
to further appeal)), as finally determined by an arbitrator.

11.Access
to Records. 

11.1Access
to Records. 

(a)Manager
shall provide to the Governing Body, DQH’s auditors and accountants, DQH’s fiscal intermediaries, and accountants and
agents for the Medicare and Medicaid programs or any other governmental authority exercising legal and appropriate authority, access
to all lawfully required records for a period of seven (7) years after the furnishing of services under this Agreement. 

(b)Until
the expiration of four (4) years after the furnishing of Management Services pursuant to this Agreement, the Parties shall, upon
written request, make available to the Secretary of Health and Human Services (the “Secretary”) or the Comptroller
General, or their duly authorized representative(s), contract, books, documents, and records related to this Agreement and necessary
to verify the nature and extent of the cost of such Management Services. If any Party carries out any of its obligations under
this Agreement by means of a subcontract with a value of $100,000 or more, that Party agrees to include this requirement in any
such subcontract. The availability of books, documents, and records shall be subject at all times to all applicable legal requirements,
including without limitation such criteria and procedures for seeking and obtaining access that may be promulgated by the Secretary
by regulation. Neither Party shall be construed to have waived any applicable attorney-client privilege by virtue of this Section. 

11.2Exercise
of Right of Access. The foregoing rights of access shall be exercisable through a written request, upon which Manager and its subcontractors
shall give access to the above contracts, books, documents, and records from time to time during reasonable business hours. 

12.Management
Fee. 

12.1Management
Fees. In consideration for the Management Services provided by Manager under this Agreement, DQH shall pay Manager as follows (collectively,
the “Management Fees”): 

(a)A
total annual base fee (the “Base Fee”) equal to Twelve Percent (12%) of all collected cash revenues for each fiscal
year of this agreement.  Manager will be paid the Management Fee on a weekly basis for the preceding week’s total cash
and settlements collected from all sources. Manager is authorized to withdraw this fee on a weekly basis and will present an invoice
concurrently, based on the preceding week's collected settlement reports. However, Manager must first ensure Hospital payroll is
met as its’ highest priority before cash is withdrawn to pay Manager’s fees. If funds are insufficient to cover all
or part of Manger’s fees, the balance due will  

15

be deferred as owed but carried as a deferred
expense due Manager. When, in Manager’s best business judgement, sufficient funds become available to pay off all or part
of fees incurred and still owing, Manager will pay down all or part of the balance of fees owed using prudent business judgement
and discretion. In no case shall Manager forgive fees due for management services rendered.

(b)An
incentive or success fee (the “Incentive Fee”) to be negotiated based on the achievement of certain mutually agreed
milestones.  

(c)IT
support and EMR services are not included in the management fee and will be offered to DQH by separate agreement.  

12.2Arm’s
Length Transaction. The Parties have negotiated the Management Fees at arm’s length, assisted by professional financial advisers.
They believe that the management fees are consistent with fair market value and comply with law. 

13.Breach.
In the event of a breach of any obligation or covenant under this Agreement, other than the obligation to pay money (which shall
have a thirty (30) day cure period), the non-breaching Party may give the breaching Party written notice of the specifics of the
breach, and the breaching Party shall have sixty (60) days (the “Cure Period”) in which to cure the breach; provided,
that for any non-monetary defaults reasonably requiring greater than ninety (90) days to cure, the breaching Party shall not be
in default so long as the breaching Party commences to cure such default within the required sixty (60) days and diligently prosecutes
 such cure to completion thereafter. Only if the breach is not cured within said Cure Period shall the non-breaching Party
be entitled to pursue any remedies it may have by reason of the breach.  A waiver of any breach of this Agreement shall not
constitute a waiver of any future breaches of this Agreement, whether of a similar or dissimilar nature. 

14.Term.
The term of this Agreement (“Term”) shall commence and be deemed effective as of the Effective Date, and continue for
an initial ten (10) year period, and shall automatically renew for one (1) additional five (5) year period unless a Party provides
at least one hundred eighty (180) days prior written notice of nonrenewal to the other party. Thereafter, this Agreement may be
renewed upon prior written agreement of the Parties. Any renewal periods shall be deemed a part of the Term.  

In the event of and regardless of a Change
of Control or merger or sale of the Hospital, this Management and Administrative Service Agreement will be assigned and
assumed by the new owner or controlling entity as part of the transaction or event and continue in full force and effect through
the end of the term and renewals.  iHealthcare Inc reserves all rights to this agreement in the event of such an occurrence.  

15.Dispute
Resolution and Remedies. 

15.1Resolution
by Management. The Parties’ respective management teams shall attempt, in good faith, to privately and confidentially resolve
any dispute, controversy or claim arising under this Agreement (a “Dispute”). In the event the Parties are unable to
resolve the Dispute after negotiating in  

16

good faith for thirty (30) days following written
notice of the Dispute served on a Party, either Party may refer such Dispute to DQH and the CEO of Manager for resolution.

15.2Arbitration.
IF A DISPUTE ARISES, THE PARTIES WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE
A SINGLE ARBITRATOR FROM JUDICIAL ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”); AND (b) WAIVE ANY RIGHT TO CIVIL
TRIAL BY JUDGE OR JURY.  Notwithstanding the foregoing, all claims alleging violation of this agreement, restrictive covenants,
mishandling of Confidential Information, or transgression of intellectual property rights, shall be subject to the exclusive jurisdiction,
in Miami, Florida, of either the Florida state courts or the US District Court.  Before accepting appointment, the arbitrator
shall agree: (a) that the arbitrator’s award shall be made within nine (9) months of the filing of a notice of intention
(or demand) to arbitrate  (but it may be extended by written agreement of the parties); (b) to base any decision or award
on governing law; (c) to not award punitive or other damages that are not measured by the prevailing party’s actual damages,
except as may be required by statute; and (d) to issue an award in writing within ten (10) days of concluding the presentation
of evidence and briefs.  Judgment may be entered in any court having jurisdiction thereof.  The prevailing party shall
be entitled to recover from the other party its costs and expenses, including reasonable attorney’s fees.  

15.3LIMITATION
OF LIABILITY.  NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT
DAMAGES, NOR THE COST OF PROCURING SUBSTITUTE ITEMS OR SERVICES, ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS
OF ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES.  IN NO EVENT WILL MANAGER BE LIABLE TO CLIENT FOR SPECIAL OR CONSEQUENTIAL
DAMAGES ARISING FROM THE PROVISIONS AND THE PERFORMANCE OF SERVICES BY MANAGER UNDER THIS AGREEMENT, EVEN IF MANAGER HAS BEEN ADVISED
OF THE POSSIBILITY OF SUCH DAMAGES. FURTHER, THE TOTAL LIABILITY OF MANAGER UNDER THIS AGREEMENT, FOR ANY AND ALL CAUSES, WILL
BE LIMITED, AND MANAGER’S TOTAL LIABILITY WILL NEVER EXCEED THE SUM OF TWENTY PERCENT [20%] OF ONE (1) MONTH AVERAGE MANAGEMENT
FEES.  

EXCEPT AS PROVIDED HEREIN, MANAGER DISCLAIMS ALL REPRESENTATIONS
AND WARRANTIES OF ANY KIND OR NATURE, EXPRESS OR IMPLIED [EITHER IN FACT OR BY OPERATION OF LAW], WITH RESPECT TO ANY ITEM OR SERVICE
PROVIDED HEREUNDER, INCLUDING BUT NOT LIMITED TO, ANY WARRANTY OF MERCHANTABILITY, TITLE, NON-INFRIGEMENT, OR FITNESS FOR A PARTICULAR
PURPOSE OR ANY WARRANTY ARISING FROM CONDUCT, COURSE OF DEALING, CUSTOM, OR USAGE IN TRADE. No claim against MANAGER of any kind
under any circumstances will be filed more than one year after DQH knows of, or in the exercise of reasonable care, could know
of, such claim or an act or omission of MANAGER that would give rise to such a claim.

15.4Remedies.
The arbitrator may grant as remedies in connection with an outstanding Dispute: (a) a required Corrective Action Plan for Manager’s
performance of the Management Services, (b) specific performance of this Agreement, (c) full payment by DQH to Manager in accordance
with the terms hereof, (d) a modification to the Performance Targets; (e) monetary indemnification in accordance with the terms
hereof, and/or (g) any other lawful and appropriate remedy, including termination of this Agreement. 

17

15.5Exclusive
Process. Except as otherwise set forth herein, the procedure set forth in this Section 15 shall be the Parties’ exclusive
process for resolution of all Disputes. 

16.Termination.
This Agreement may be terminated prior to the expiration of the Term only as follows, and any such termination shall not affect
any rights or obligations arising prior to the effective date of termination: 

16.1Termination
for Material Breach. 

(a)Notwithstanding
any provision contained herein, however, Manager shall not be liable to DQH and shall not be deemed to be in breach of this Agreement
for  the failure to perform any or all obligations to be performed by Manager pursuant to this Agreement, to the extent such
failure results from (i) governmental intervention, (ii) labor dispute, (iii) law, regulations, rules or reimbursement rules or
policies that actually prevent such performance, (iv) any other action or force majeure or event which is beyond the reasonable
control of Manager, or (v) any failure by DQH to perform, fund or meet any of DQH’s obligations hereunder; and provided that
Manager shall nevertheless be obligated duly to perform hereunder to the extent such performance remains feasible. 

16.2Bankruptcy
Insolvency. Manager shall be entitled to file a UCC for unpaid Management Fees. Manager may terminate this Agreement upon ten (10)
days written notice to DQH in the event DQH (or DQH’s sponsoring entity)  becomes insolvent or fails to pay, or admits
in writing its inability to pay, its debts as they  mature; or a trustee, receiver or other custodian is appointed for such
other party for all or a substantial part of such person’s property and is not discharged within sixty (60) days of appointment;
 or any bankruptcy reorganization, debt, arrangement, or other proceeding under  any bankruptcy or insolvency law or
any dissolution or liquidation proceeding is instituted by or against such person and if instituted against such person’s
is consented to or acquiesced in by such person or remains un-dismissed for sixty (60) days following the original filing; or any
warrant or attachment is issued against any substantial portion of the property of such person which is not released within sixty
(60) days of service; and DQH may likewise terminate if   any of the foregoing occurs with regard to Manager or iHealthcare
Management Company and this substantially impairs Manager’s ability to perform its obligations under this Agreement. 

17.Effects
of Termination. The termination of this Agreement for any reason shall be without prejudice to any payments or obligations
which may have been earned and accrued or become due to any Party hereunder prior to the date of termination. Notwithstanding anything
to the contrary herein, the following provisions shall survive any termination hereof: Sections 10 (Defense of Claims), 11 (Access
to Records), 12 (Management Fee), 15 (Disputes), 19 (Representation and Warranties) and 21 (Miscellaneous). In the event this Agreement
is terminated for any reason, DQH shall pay to Manager all unpaid fees then due.  

18.Transition
Services. In the event of termination of this Agreement prior to expiration for any reason other than insolvency or bankruptcy
of DQH, upon request of DQH, Manager shall be obligated to continue to provide DQH with the Management Services described herein
for a period of up to one  

18

hundred twenty (120) days after such termination or
expiration of this Agreement (the “Transition Period”), and during such Transition Period: (a) Provided  DQH shall
continue to compensate Manager in accordance with this Agreement, (b) Manager shall fully cooperate in order to ensure the orderly
and efficient transfer of its functions hereunder to DQH and/or another service provider; (c) Manager shall fully cooperate in
order to ensure no disruption to patient care functions; and (d) the Parties shall cooperate in order to resolve any outstanding
operational, financial, legal or other matters arising (including audits) from the period in which this Agreement was in effect.

19.Representations
and Warranties. 

19.1Manager.
As of the Effective Date, Manager represents and warrants to DQH as follows: 

(a)Manager
is a Florida company duly organized, validly existing, and in good standing under the laws of the State of Florida. 

(b)Manager
has full authority to enter into and perform this Agreement, and the signature of Manager’s representative at the end hereof
signifies that this Agreement has been duly authorized, executed and delivered and represents a legal, valid and binding agreement
enforceable against Manager in accordance with its terms (subject only to customary limitations on the enforceability and availability
of remedies in accordance with principles of law and equity). 

(c)The
execution, delivery and performance of this Agreement by Manager does not (i) require any consent, waiver, approval, license or
authorization of any person or public authority which has not been obtained and is not presently in effect; (ii) to the knowledge
of Manager, violate any provision of law applicable to Manager; or (iii) conflict with or result in a default under, or create
any lien upon any of the property or assets of Manager under, any agreement or instrument; or (iv) violate any judicial or administrative
decree, contract, or other legal obligation to which Manager is subject or by which any of its assets are bound. 

(e)There
is no civil, criminal or administrative action, suit, demand, claim, hearing, proceeding or investigation pending or, to Manager’s
knowledge threatened against Manager that may materially delay or interfere with its entering into and fully and duly performing
this Agreement. 

(f)Neither
Manager nor, to the knowledge of Manager, any Manager personnel (including any Senior Executive) is a person excluded or barred
from the Medicare or Medicaid programs. 

19.2DQH.
As of the Effective Date, DQH represents and warrants to Manager as follows: 

(a)DQH
is a for-profit corporation duly organized, validly existing, and in good standing under the laws of the State of Florida. 

(b)DQH
has full authority to enter into and perform this Agreement, and the signature of DQH’s representative at the end hereof
signifies that this Agreement has been duly authorized, executed and delivered and represses a legal, valid and binding agreement
enforceable against  

19

DQH in accordance with its terms (subject only
to customary limitations on the enforceability and availability of remedies in accordance with principles of law and equity).

(c)The
execution, delivery and performance of this Agreement by DQH does not (i) require any consent, waiver, approval, license or authorization
of any person or public authority which has not been obtained and is not presently in effect; (ii) violate any provision of law
applicable to DQH; or (iii) conflict with or result in a default under, or create any lien upon any of the property or assets of
DQH under, any agreement or instrument; or (iv) violate any judicial or administrative decree, contract, or other legal obligation
to which DQH is subject or by which any of its assets are bound. 

(d)There
is no civil, criminal or administrative action, suit, demand, claim, hearing, proceeding or investigation pending or, to DQH’s
knowledge threatened against DQH that may materially delay or interfere with its entering into and fully and duly performing this
Agreement. 

20.Miscellaneous. 

20.1Non-Solicitation.
During the Term hereof and for a period of two  (2)  years after its expiration or termination for any reason DQH, on
behalf of itself and its subsidiaries and affiliates and any person which may acquire all or substantially all of its assets agrees
that, until two (2) years subsequent to the termination of this Agreement, it will not solicit, recruit, hire or otherwise engage
any Senior Executive or other employee of the Manager or SE Employer that provided services to DQH or Manager relating to DQH while
employed by SE Employer or its affiliates (“SE Employer Solicited Person”).  

20.2Public
Statements. Manager shall be authorized to make public statements about DQH, services provided and its relationship hereunder. 

20.3Use
of DQH Name. Manager may use the DQH or DQH Hospital names in a manner reasonably necessary or conducive to performing its services
hereunder.  

20.4Reimbursable
Expenses. During the Term, Manager shall be promptly reimbursed for all reasonable expenses (to the extent of and pursuant to DQH’s
expense reimbursement policy for other personnel and contractors) incurred by Manager or third parties Manager contracts with in
connection with the provision of the Management Services hereunder (e.g., Senior Executives), including, but not limited to transportation,
lodging, meals, travel and office expenses upon submission to DQH of invoices. Any such expenses, subject to this section, shall
require prior approval by DQH to be eligible for reimbursement. 

20.5Notices.
All notices, requests, demands and other communications  required or permitted to be given pursuant to this Agreement must
be in writing and shall be (i) delivered to the appropriate address by hand, by nationally recognized overnight service (costs
prepaid); (ii) sent by facsimile or email, or (iii) sent by registered or certified mail, return receipt requested, in each case
to the following addresses, facsimile numbers or email addresses and marked to the attention of the person (by name or title)  

20

designated below (or to such other address, facsimile
number, email address or person as a Party may designate by notice delivered to the other Party in accordance with this Section:

Manager:Vice
President of Operations  

iHealthcare Management Company

                            3901
SW 28th Street 2nd Floor

                            Miami,
FL, 33142

 

DQH:
             De
Queen Healthcare Hospital  

                            1306
W Collin Raye Drive

                            De
Queen, Arkansas 71832

 

All notices, requests, demands and other communications
shall be deemed have been duly given (as applicable): (A) if delivered by hand, when delivered by hand; (B) if delivered by UPS,
Federal Express, DHL or other nationally-recognized overnight delivery service, when delivered by such service; (C) if sent via
registered or certified mail, three (3) Business Days after being deposited in the mail, postage prepaid; or (D) if delivered by
email or facsimile, when transmitted if transmitted with confirmed delivery.

20.6Severability.
If any clause or provision of this Agreement  is  determined by a governmental body or a court having jurisdiction thereof
to be illegal, invalid, or unenforceable under any present or future law, then the Parties agree that the remaining provisions
of this Agreement that reasonably can be given effect apart from the illegal or unenforceable provision shall continue in effect
and there shall be substituted for such invalid or unenforceable provision a provision as similar as is feasible and yet would
be lawful. 

20.7Expenses.
Except as otherwise expressly provided herein, each Party will bear its own legal, accounting, and other fees and expenses relating
to the negotiation and preparation of this Agreement and the transactions contemplated hereby. 

20.8Public
Announcements. The time and content of any announcements, press releases, or other public statements concerning this Agreement
and the transactions described herein will be determined by a process agreed to by the Parties. 

20.9Waiver.
No failure on the part of any party hereto to exercise, and no delay in exercising, any right, power or remedy hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any right, power or remedy hereunder preclude any other
or further exercise thereof or the exercise of any other rights, power or remedy. 

20.10Captions.
The captions or titles of the sections herein have been included for convenience only and shall not be considered as part of this
Agreement. 

20.11Counterparts.
This Agreement may be signed in counterparts, each of which shall be deemed an original. Delivery of an executed counterpart of
a signature page to this Agreement by facsimile or in  

21

electronic (“pdf” or “tiff”)
format shall be effective as delivery of a manually executed counterpart of this Agreement.

20.12Force
Majeure. Manager shall not be deemed to be in violation hereunder for failure to perform any obligation contained in this Agreement
or for any incomplete performance hereunder for the time of and to the extent that such failure or incomplete performance is occasioned
by any cause or causes beyond the control of Manager, including, but not limited to, delays or failure in performance or non-performance
or interruption of services resulting directly or indirectly from acts of God, Acts of War (including Terrorist activities), civil
disorders, vandalism, fires, floods, weather, electrical failures, postal delays, inability to procure materials, sabotage, restrictive
governmental laws or regulations, labor actions or shortages, criminal activity of third parties,  loss of internet connectivity
or incomplete or inaccurate data input as supplied by DQH.    

20.13Consents.
Whenever under this Agreement provision is made for either Party’s securing the consent or approval of the other, such consent
or approval shall be in writing and (except as otherwise provided herein) shall not be unreasonably withheld, delayed, or conditioned. 

20.14Binding
Effect; Assignment. This Agreement is binding on, and is for the benefit of DQH and Manager and their successors, assigns, and
legal representatives (and Manager; iHealthcare Management Company). A Party shall not assign its rights or delegate its obligations
under this Agreement without the prior,  written consent of the other Party; provided, that, Manager may (upon written notice
to DQH) assign this Agreement to an affiliate of Manager, and/or to subcontract with any other parties for the performance of various
aspects of its obligations hereunder, provided  that Manager shall (a) adequately inform such subcontractors of their obligations
hereunder, (b) ensure that they fully comply herewith, and (c) remain fully responsible for the performance of any such assignee
and/or subcontractor. 

20.15Governing
Law. This Agreement shall be governed and construed according to the laws of the State of Florida, without giving effect to any
choice or conflict of law provision or rule thereof. 

20.16Further
Assurance. Each Party agrees to execute and deliver to the other such additional instruments, certificates, and documents as the
requesting Party may reasonably request in order to assist the requesting Party in obtaining the rights and benefits to which such
Party is entitled hereunder. 

20.17Third
Party Beneficiaries. The Manager Indemnified Persons, DQH Indemnified Persons, the Senior Executives and SE Employer are express
third party beneficiaries of the provisions of this Agreement that relate to them. 

20.18    Entire Agreement. This Agreement
(including exhibits and schedules) contain the entire agreement of the Parties with respect to the matters set forth herein and
supersede all prior negotiations and agreements, whether oral or written, concerning the subject matter hereof, all of which are
merged in this Agreement.

20.19   Amendment and First Right of Refusal.
This Agreement sets forth the entire understanding and agreement among the parties hereto with reference to the subject matter
hereof and may not be

22

modified,
amended, discharged or terminated except by a written instrument signed by the parties hereto. First
Right of Refusal:  Landlord/Owner hereby grants to iHealthcare (iHCC) a first right
of refusal to purchase the hospital property and real estate during the term and any extensions of this Management and Administrative
Services Agreement.  If Landlord/Owner shall desire to sell the hospital property and real estate, and receives a bona fide
offer to purchase, Landlord/Owner shall give iHealthcare written notice of Landlord/Owner intention to sell Landlord/Owner interest
in the hospital property and real estate as contained in said offer to purchase. Such notice (Landlord/Owner Notice) shall
state the terms and conditions under which Landlord/Owner intends to sell its interest. For Sixty (60) business days following
the giving of such notice, iHealthcare shall have the option to purchase the Landlord/Owner interest as stated in the Landlord/Owner
Notice.  A written notice in substantially the following form, addressed to Landlord/Owner and signed by iHealthcare, within
the period for exercising the Option, shall be an effective exercise of iHealthcare Option to Purchase.

20.20Manager;
iHealthcare Management Company. In consideration for the potential benefits to iHealthcare Management Company, as sole member or
ultimate parent of Manager to be derived from the management fees and other benefits secured by Manager hereunder, iHealthcare
Management Company hereby agrees fully to ensure that Manager duly and timely fulfills its performance obligations, financial obligations,
indemnification obligations, and other obligations, under this Agreement. DQH retains Manager as the sole and exclusive executive
group and management agent during the term of this Agreement.  

 

                                                                    [Signature
Page Follows]

                                                                                                    

23

 

IN WITNESS WHEREOF, the Parties have caused
this Agreement to be executed as of January 7, 2019.

 

De Queen Healthcare Hospital LLC: 

 

By: /s/ Jorge Perez

Name: Jorge Perez    

Title: Chairman, Hospital Governing Body 

 

Manager - iHealthcare Management Company

 

By: /s/ Noel Mijares 

Name: Noel Mijares 

Title:     Chief Executive Officer

24

 

 

MANAGEMENT AND ADMINISTRATIVE SERVICES AGREEMENT

Fulton Medical Center

 

THIS MANAGEMENT AND ADMINISTRATIVE SERVICES AGREEMENT
(this “Agreement”) is entered into as of the 7th day of January 2019, by and among Fulton Medical Center LLC (“FMC”),
a Missouri Limited Liability Company, and iHealthcare Management Company, a Florida Corporation (“Manager”). FMC and
Manager are sometimes referred to herein individually as a “Party” or collectively as the “Parties.”

WITNESSETH:

WHEREAS, FMC owns and operates an acute general medical
and surgical hospital (the “FMC Facilities”) located on the medical campus with a principal address of 10 S Hospital
Dr, Fulton, Missouri, 65251;

WHEREAS, Manager is a Hospital Management Company;

WHEREAS, Manager has demonstrated expertise and a
track record of successfully managing and improving the performance of hospitals serving rural communities;

WHEREAS, FMC desires that Manager provide services
to administer, supervise, and manage, and Manager desires to administer, supervise, and manage, the operations of the FMC Facilities
on behalf of FMC commencing on January 7, 2019 (the “Effective Date”) on the terms and conditions set forth hereinafter,
in furtherance of and consistent with FMC’s mission:

NOW, THEREFORE, in consideration of the foregoing
and the mutual agreements, covenants and promises hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, and intending to be legally bound, the Parties hereto agree as follows:

1.Retention
of Manager. Subject to the terms and conditions of this Agreement, as of the Effective Date, FMC hereby retains and appoints
Manager to manage the FMC Facilities on behalf of FMC. Manager shall provide, at Manager’s sole expense and determination,
all necessary corporate administration, shared services, legal services, compliance, hospital employee benefits program sponsorship,
general business infrastructure and support necessary for Manager’s performance under this agreement. During the Term hereof,
Manager shall be the exclusive provider of such services as are described herein as Management Services. 

2.Strategic
Plan and Budget. Manager and FMC, shall develop and agree on an annual plan setting forth details regarding the strategic,
operational and capital activities that Manager shall undertake and oversee on behalf of FMC and the budgets regarding such activities
(as amended from time to time, the “Strategic Plan and Budget”), which shall include, among other matters: 

1

(a)strategic,
programmatic and service line initiatives (including their operating and capital requirements) for the FMC Facilities; 

(b)performance
improvement initiatives, business development objectives, cost reduction plans, synergistic opportunities and efficiency improvements; 

(c)an
annual operating budget setting forth an estimate of operating revenues and expenses for the next year, which operating budget
shall be in reasonable detail and shall contain an explanation of anticipated changes in utilization, patient charges, payroll,
and other factors; 

(d)an
annual capital expenditures budget outlining a program of capital expenditures for the next fiscal year, which budget shall designate
expenditure items as either “routine capital” or “enhancement capital” and estimate where possible their
return on investment and other impact on operations, market position, etc.; and 

(e)an
annual projection of cash receipts and disbursements based upon the proposed capital expenditures and operating budgets, which
projection shall contain recommendations concerning use of excess cash flow, if any. 

2.2Revenues.
To the extent cash revenues of the FMC Facilities are not sufficient to support expenditures contemplated by the Strategic Plan
and Budget, FMC will be solely responsible for its cost of operation. If requested by FMC, Manager will use commercially reasonable
efforts to assist FMC in obtaining financing to fund such cost of operation. Manager shall use commercially reasonable efforts
to achieve the revenue targets and other goals consistent with the Strategic Plan and Budget and Performance Targets. 

3.Control
By FMC. Notwithstanding anything contained anywhere to the contrary, the Governing Body of FMC shall be the Governing Body
of the FMC Facilities (the “Governing Body”) and, shall possess ultimate authority and control over FMC. FMC authorizes
general operating policies developed by and to be carried out by Manager under this Agreement. The Governing Body shall delegate
authority to Manager to enable Manager effectively to perform its functions hereunder. By entering into this Agreement, FMC does
not, and shall not in the future, delegate to Manager any of the powers, duties, and responsibilities vested in the Governing Body
by law or by FMC’s governing documents. FMC is solely obligated to and shall pay, make funds available to Manager for the
payment of, or otherwise cause to be satisfied or discharged, all Hospital Expenses in accordance with the terms of this Agreement.
On a monthly basis, Manager shall meet or confer with FMC and provide financial reports, statistical reports, updates and review
requests for approvals by the Governing Body.  

4.Operational
Services. Manager shall use commercially reasonable efforts to oversee the efficient and orderly operation of the FMC Facilities
and shall provide the following services in accordance to the terms hereof, or if not herein specified then at least at the level
of prevailing industry practices:  

4.1Key
Hospital Services. Manager shall (a) use commercially reasonable efforts to perform all services consistent with the specific standards
herein, (b) use commercially reasonable efforts otherwise  

2

to oversee the implementation of processes and systems
at the FMC Facilities consistent with the Strategic Plan and Budget, and (c) refrain from intentionally taking any actions that
are in material violation of applicable laws in its activities pursuant to this Agreement. Manager’s objectives in performing
the Management Services shall include the following:

(a)Improving
Emergency Department responsiveness to patients, reducing wait times and left-without-being-seen metrics; 

(b)Improving
clinical service quality and documentation through sophisticated hospitalist and case management programs and quality of services
[which may be provided by telehealth services]; 

(c)Decreasing
supply chain costs and quality of services by standardizing purchasing activities and establishing cost-effective purchasing and
usage protocols; 

(d)Managing
labor costs through disciplined staffing policies, while strengthening employee retention and recruitment activities; 

(e)Improving
the clinical documentation, coding and billing procedures of the FMC Facilities, and compliance with government programs and private
payor requirements, so as to increase proper fee realization in accordance with applicable contracts and law; 

(f)Assisting
with the improvement of other revenue cycle functions; 

(g)Developing
new recurring revenue streams and increasing inpatient volumes by expanding and refining managed care activities; 

(h)Realigning
administrative infrastructure to better capitalize on system scale and to standardize best practices; 

(i)Improving
marketing, advertising and positioning of FMC within the local market; 

(j)Improving
care protocols and management of patient care flow, bed availability and turnover, and length of stay; 

(k)Augmenting
initiatives in payer relations and contracting; 

(l)Enhancing
the effective linkage of the clinical enterprise with support of FMC’s teaching and research activities; and 

(m)Implementing
the services described in the remainder of this Agreement. 

(n)Advising
the Governing Body of any material actions that Manager recommends be taken to avoid material non-compliance with law or deficiencies
in services. 

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4.2Staffing. 

(a)During
the Term, Manager shall contract with and provide, and at its sole expense pay all compensation and benefits due to a Chief Executive
Officer and necessary and adequate corporate administration, shared services and business infrastructure. Each such Senior Executive,
and any future replacement thereof, shall be subject to reasonable advance approval by the Governing Body, which shall not be unreasonably
withheld or delayed. When so approved by the Governing Body and in the performance of their duties hereunder, such Senior Executives
shall be subject to and shall comply with all FMC policies and requirements applicable to their respective positions and duties,
subject to the Senior Executives being advised thereof in writing in advance.  In addition, at Hospital Expense and not included
in the Management Fee, Manager may make available certain advisors and other personnel (the “Senior Advisors”) from
time to time to consult with, visit and perform on site periodic reviews and evaluations, and advise FMC regarding the operations
and business of the FMC Facilities in order to ensure effective management of the FMC Facilities.  The Parties acknowledge
and agree that the composition of such advisory services at any given time may vary depending on the needs of the business of FMC,
in Manager’s reasonable discretion and/or at FMC’s reasonable request and Manager’s agreement thereto. 

(b)Subject
to the Strategic Plan and Budget, Manager will determine necessary and appropriate staffing levels of the FMC Facilities, and Manager
shall oversee and administer the recruitment and hiring in the name of and on behalf of FMC such physicians, nurses, technicians,
administrative, and other staff as are determined to be necessary or appropriate for the operation of the FMC Facilities. Manager
shall execute on behalf of FMC, as appropriate, any employee hiring, terminations, or other actions. Manager shall monitor and
review all payroll functions for the FMC Facilities periodically. 

(c)All
personnel required to be employed directly by FMC under applicable licensure and reimbursement laws, regulations, and related requirements
shall be employees or contractors of FMC (“FMC Personnel”) and not Manager, and shall be subject to FMC’s personnel
policies. All wages, benefits and other payroll expenses related to FMC Personnel shall be included as part of Hospital Expenses.
For the avoidance of doubt, the term FMC Personnel does not include any Senior Executives or any personnel of Manager, unless FMC
first approves their addition at Hospital Expense.  

(d)Manager
shall administer and oversee the enforcement of personnel policies established in accordance with FMC’s contractual obligations,
employment policies and the Strategic Plan and Budget in connection with hiring, managing, and discharging FMC Personnel. 

(e)Subject
to the terms of any applicable labor agreements binding  FMC or the FMC Facilities, including, without limitation, any collective
bargaining agreements, Manager, as the authorized agent of FMC, shall (i) determine the staffing plans on behalf of FMC with respect
to the number and qualifications of FMC Personnel required for the efficient and effective operation  

4

of FMC Facilities operations, and, (ii) in accordance
with the Strategic Plan and Budget, implement wage scales, employee benefit packages and programs, in-service training programs,
staffing schedules, and job descriptions for FMC Personnel, all in order to accomplish the policies established by FMC.

(f)           Manager
is authorized to provide or arrange for cost effective employer self-insured employee benefits programs either through third parties
or through an affiliate of Manager on behalf of the Hospital at Hospital Expense. Manager is authorized to sponsor such programs
as necessary for their implementation.  

4.3Training.
Manager, in collaboration with FMC, shall assist in educational training programs for FMC Personnel designed to improve inpatient
and case management, clinical documentation, departmental operations and such other matters as Manager may determine to be beneficial
to the efficient operation of the FMC Facilities. 

4.4Contracts.
Manager shall assist the Senior Executives in negotiating and consummating agreements and contracts for and on behalf of the FMC
Facilities in the name of FMC in the usual course of business, all in accordance with the Strategic Plan and Budget. 

4.5Laws
and Accreditations. Manager shall provide assistance in obtaining and maintaining, in FMC’s name, all licenses, permits,
approvals and certificates of accreditation required for the operation of the FMC Facilities. 

4.6Medical
Records. Manager shall administer and oversee systems for the timely, accurate and efficient creation, filing, security, sharing
among care givers and other lawful persons, and retrieval at the FMC Facilities, of all medical records, charts, and files, all
in accordance with applicable law, the requirements of payors, the needs of effective risk management and compliance systems, and
other best practices. 

4.7HIPAA
and Business Associate Agreement. The Parties hereby acknowledge and agree to enter into and comply with the Business Associate
Addendum attached hereto, to evidence their compliance with privacy standards adopted by   the U.S. Department of Health
and Human Services as they may be amended from time to time, 45 C.F.R. Parts 160 and 164, subparts A, D and E, the security standards
adopted by the U.S. Department of Health and Human Services as they may be amended from time to time, 45 C.F.R. Parts 160, 162
and 164, subpart C , and the requirements of Title XIII, Subtitle D of the Health Information Technology for Economic and Clinical
Health (HITECH) Act provisions of the American Recovery and Reinvestment Act of 2009, 42 U.S.C. §§ 17921-17954,
and all its implementing regulations, when and as each is effective and compliance is required, as well as any applicable state
confidentiality laws. 

4.8Support
Services. Manager shall administer and oversee customary hospital support services, including, but not limited to, housekeeping,
maintenance (including repair and maintenance of the interior and exterior of the FMC Facilities building, and grounds), janitorial,
security and food services. 

5

4.9Information
Technology Systems and Records. Manager shall administer and oversee the maintenance and operation of accounting, auditing, budgeting,
reimbursement, revenue cycle, payor reporting and reconciliation, electronic health record, computerized physician order entry,
and other clinical service records and other information technology systems required for the efficient management of the FMC Facilities’
affairs and compliance with payor program requirements and/or contracts. Manager shall administer and oversee the preparation and
maintenance of all books and records regarding operations and financial transactions pertaining to the FMC Facilities and shall
ensure copies of such books and records are made available to the Governing Body or its designee upon request.  

4.10Establishment
of Operational Policies. Manager shall develop and implement FMC policies, procedures, and standards of operation, maintenance,
pricing, and other matters affecting the FMC Facilities and the operation thereof, consistent with the Strategic Plan and Budget. 

4.11Acquisition
of Property. Manager shall be responsible for the oversight of acquisition of all personal property, equipment, supplies, and inventory
as may be necessary to operate the FMC Facilities in accordance with (i) this Agreement, (ii) the Strategic Plan and Budget, (iii)
applicable laws, rules, and regulations, and (iv) applicable standards and guidelines on accreditation promulgated by the Joint
Commission or any other applicable accreditation organization. Manager shall have the right to utilize such personal property,
equipment, supplies, and inventory at the FMC Facilities as Manager reasonably deems necessary and appropriate to fulfill its obligations
hereunder. 

4.12FMC
Missions. Manager shall assist FMC in: 

(a)Managing
the linkage between the clinical programs and student and resident academic training programs; and 

(b)Enhancing
the FMC Facilities’ community service mission and engagement in community activities that educate, inspire, and improve the
quality of life and overall health outcomes of the patient populations served by FMC. 

4.13Public
Relations. Manager shall implement such advertising, marketing and other activities as may be conducive to the efficient operation
of the FMC Facilities, subject to the prior approval of the Management Committee for all new materials. Subject to the foregoing,
from time to time, Manager shall engage in reasonable and lawful marketing and public relations activities designed to enhance
the FMC Facilities’ image and reputation and to secure and maintain patients at the FMC Facilities. 

4.14Liability
Insurance. Manager shall obtain and/or maintain in effect, on FMC’s behalf and at FMC’s sole expense, throughout the
term of this Agreement, such policies (or programs) of property/casualty coverage, public liability, professional liability and
hazard insurance and other customary insurance coverage's in commercially reasonable amounts for and on behalf of the FMC Facilities
as are designated by FMC and consistent with the Strategic Plan and Budget or, in the absence of such a specification, as Manager
considers reasonable and prudent based on criteria generally used by Manager with respect to the hospitals owned or managed by
Manager. FMC, Manager and the Senior Executives shall be covered under all such applicable policies (or programs). Additionally,
Manager and the Senior Executives shall be  

6

named as additional insured's under FMC’s Directors’
and Officers’ liability, Errors and Omissions liability, professional liability and other insurance policies and the Senior
Executives shall be insured under any such policies to the same extent as FMC’s other officers and directors.

4.15Indigent
Care. Manager shall assure access to medical care for indigent persons at the FMC Facilities in accordance with FMC’s mission,
the Strategic Plan and Budget and applicable law. Manager and FMC shall ensure that charity care at FMC Facilities is provided
in a manner consistent with FMC’s policies in effect from time to time. Manager shall implement and administer on behalf
of FMC appropriate agreements with governmental authorities concerning reimbursement for services provided to indigent and uninsured
persons. 

4.16Charges. 

(a)Manager
shall oversee the billing for services rendered by the FMC Facilities and the collection of all accounts due to the FMC Facilities
in accordance with lawful Charge-master and collection policies developed by FMC pursuant to the Strategic Plan and Budget and
each applicable third-party payor program or contract. FMC shall approve the Charge-master. Manager shall update FMC on all changes
to the Charge-master as they may occur in the normal course of business. Manager shall be entitled to obtain, on behalf of, and
at the expense of, FMC, the assistance of one or more collection agencies who shall be required to act in accordance with law and
generally recognized practices for hospitals (such as the AHA Guidelines.)  

(b)FMC
shall maintain bank accounts (“FMC Accounts”) necessary for operations of the FMC Facilities and Manager shall cause
to be deposited therein all receipts and money arising from operations of the FMC Facilities. It is anticipated that the Senior
Executives appointed as Chief Executive Officer and designated Chief Financial Officer or designee of FMC, and such other individuals
as are approved by the Governing Body from time to time, shall have the right to authorize disbursements from FMC Accounts on behalf
of FMC in such amounts and at such times as the same are required, as addressed further below. 

4.17Payment
of Expenses. Provided FMC has sufficient funds, Manager shall timely and accurately pay on behalf of FMC, from funds generated
by the FMC Facilities in the FMC Accounts, where and as due, and without delinquency or default, all proper debts, liabilities,
costs, and expenses (“Expenses”) related to the ownership, management and operation of the FMC Facilities, including
any taxes  and all  bills for goods delivered or services rendered to the FMC Facilities and all personal property, supplies,
inventory and all other items necessary for operation of the FMC Facilities and to provide the Management Services described herein.
Manager shall contest by appropriate and legal means, (but may not bring any lawsuit without complying with such guidelines and
policies as are established from time to time by the Governing Body or the Management Committee) on behalf of FMC, any claims for
payment asserted with respect to the FMC Facilities that Manager, in good faith, considers erroneous or improper. 

4.18Agency.
Within the scope of functions delegated to Manager hereunder and subject to other conditions set forth herein, Manager shall have
the right to act and shall assist FMC as the agent and attorney-in-fact of FMC in the procuring of licenses, permits and other
approvals, the payment and  

7

collection of accounts, and in all other activities
necessary, appropriate, or useful to Manager in the carrying out of its duties. In performing such services, Manager shall comply
with all applicable laws, regulations and requirements of governmental bodies.

4.19Elective
Corporate-Based Consulting Services. If requested by FMC and agreed by Manager, Manager or its designees may provide as added elective
consulting services (not included with Management Fees but paid instead under mutually agreed separate written agreements), corporate-based
consulting services that are outside of the scope of the Management Services provided under this Agreement (“Consulting Services”).
Manager will provide any such Consulting Services at market rates or such rates as may be mutually agreed to by the Parties, which
rates shall be determined at the time such Consulting Services are requested. 

4.20Compliance
with Law and Professional Standards. In performing its services hereunder, and in all conduct related to this Agreement, Manager
will comply with all applicable laws and with generally recognized professional standards for similar services within the hospital
management industry. 

5.Reports
to FMC. For the purpose of keeping informed with respect to the operation of the FMC Facilities and Manager’s performance
hereunder, Manager shall arrange for the preparation and delivery to the Governing Body or its designee the following: 

5.1Financial
Statements. 

(a)Submit
to the Governing Body quarterly unaudited financial statements of the FMC Facilities, containing a balance sheet and a statement
of income, prepared in reasonable detail and in accordance with generally accepted accounting principles; and 

(b)Annually,
within one hundred twenty (120) days after the end of each fiscal year of the FMC Facilities, audited financial statements of the
FMC Facilities (“Audited Financial Statements”), including a balance sheet, statement of income, and statement of changes
in financial position, prepared in reasonable detail and in accordance with generally accepted accounting principles and accompanied
by a report of the independent auditor of the FMC Facilities (selected by the Governing Body). The timing of audit submissions
assumes FMC has paid audit fees in a timely manner.  

5.2Strategic
Plan and Budget. An annual updated Strategic Plan and Budget, to be delivered at least thirty (30) days prior to the beginning
of each FMC Fiscal Year during the Term of this Agreement. 

5.3Reports.
All reports deliverable hereunder shall be generated by Manager using the then-existing systems of FMC and delivery of such reports
is conditioned upon the capability, availability, cooperation and access to, such FMC systems and personnel for Manager. Manager
shall hold annual meetings with the Governing Body or its designee specified in writing to discuss the reports required by this
Agreement. 

6.Access
to Reports and Communications. Each Party agrees to provide the other, promptly when received, with access to all material
reports, other filings, and communications from governmental authorities or agencies having jurisdiction over the FMC Facilities. 

8

7.Medical
Staff, Quality of Care. 

7.1Cooperation
with Medical Staff. Manager shall reasonably cooperate and maintain liaisons with the medical staff of the FMC Facilities (collectively,
the “Medical Staff”) and shall advise and assist the Medical Staff concerning procedural matters and standards and
guidelines on accreditation promulgated by The Joint Commission or any other applicable accreditation organization. However, all
medical, ethical, and professional matters, including control of and questions relating to the composition, qualifications, and
responsibilities of the Medical Staff, shall be the responsibility of the Governing Body, the Credentialing Committee, and the
Medical Staff of the FMC Facilities. 

7.2Quality
Assurance Program. Manager shall review and make recommendations regarding FMC’s existing Quality Assurance Program and QIIP
and shall assist FMC with the implementation and administration of its Quality Assurance Program in accordance with applicable
law. 

7.3Medical
Affairs Committee. In order to provide a forum for communication among representatives of the Medical Staff and to ensure compliance
with FMC’s Quality Assurance Program, Manager shall assist FMC in the implementation and administration of a Medical Affairs
Committee that shall consist of a designated senior officer of FMC, physicians appointed by the Medical Staff, persons designated
by the Governing Body or its designee, and one additional person designated by Manager. The Medical Affairs Committee, if and when
implemented, would meet quarterly, or as needed, keep minutes of its meetings, and have the following suggested duties: 

(a)to
ensure that acceptable medical, ethical, and professional standards are attained within the FMC Facilities; 

(b)to
assist in implementation of the Quality Assurance Program so that the quality of health care provided at the FMC Facilities may
be measured objectively; 

(c)to
ensure that all patients admitted to the FMC Facilities or treated as outpatients receive quality patient care; 

(d)to
provide a forum for discussion of problems of a medical- administrative nature; 

(e)to
assist the Governing Body and Manager in ensuring compliance with federal, state, and local requirements; and 

(f)to
act in an advisory capacity in the implementation of quality of care policies adopted by the Governing Body or the Medical Staff. 

8.Laws;
Licenses; Reimbursement Programs; Accreditation. 

8.1Compliance
with Law. In performing services hereunder and in all other actions related to this Agreement, Manager and all personnel of Manager
shall comply with applicable federal, state, and local laws, rules, and regulations relating to the FMC Facilities or Manager’s
Management Services, including without limitation all agencies having jurisdiction over health care services, billing, labor/employment,
 

9

taxation, environmental compliance, antitrust, or
physical facility compliance. Manager shall assist FMC to operate the FMC Facilities so that it maintains all necessary licenses,
permits, consents, and approvals from all governmental agencies that have jurisdiction over the operation of the FMC Facilities.
Manager shall not be obligated to FMC for failure of the FMC Facilities to comply with any such laws, rules, and regulations or
for failure of the FMC Facilities to maintain any such licenses, permits, consents, and approvals, to the extent that the failure
is due to financial limitations of the FMC Facilities or to the design or construction of the FMC Facilities, or is attributable
to acts, errors or omissions of FMC or its agents (other than Manager or Manager’s employees or contractors).

8.2Compliance
for Charges for Services. Manager shall oversee compliance with all laws, regulations and payer contract or program requirements
concerning coding, billing, charging, collecting and reporting on fees received for services of or provided in the FMC Facilities. 

8.3Accreditation.
Manager shall use its commercially reasonable efforts to manage the FMC Facilities in the manner necessary to maintain accreditation
by The Joint Commission or any other similar applicable accreditation organization. 

8.4No
Violation. Neither FMC nor Manager shall knowingly cause or permit any action that shall (i) cause any governmental authority having
jurisdiction over the operation of the FMC Facilities to institute any proceeding for the rescission, suspension, or revocation
of any license, permit, consent, or approval; (ii) cause the Joint Commission or any other similar applicable accreditation organization
to institute any proceeding or action to revoke its accreditation of the FMC Facilities; (iii) cause a termination of, or adversely
affect, FMC’s participation in Medicare, Medicaid, Blue Cross, or any other public or private medical payment program; or
(iv) cause FMC to violate or default under any of its legal obligations under debt financings. FMC, and not Manager, shall bear
sole responsibility for non-compliance with this section if non-compliance was due to insufficient funds or acts, errors or omissions
by FMC Personnel.  

9.Limitations
on Manager’s Exercise of Duties. 

9.1Limitations
on Manager’s Exercise of Duties. 

(a)Except
as contemplated by the Strategic Plan and Budget or as the Governing Body or its designee may specifically authorize in writing
from time to time, Manager shall not have the authority to undertake the following, on FMC’s behalf, without the advance
written consent of the Governing Body (or its designee authorized in writing): 

(1)Purchase
capital assets or incur expenses (other than consistent with the Strategic Plan and Budget) in excess of $50,000 or such higher
amount as may be authorized by FMC. 

(2)Incur
debt on behalf of FMC; 

(3)Encumber
FMC property, or sell or dispose of any material assets having a value in excess of $25,000; 

10

(4)Approve
or undertake any other matters required by law to be approved by FMC’s Governing Body; 

(5)File
or settle litigation; 

(6)Grant
any person any rights with respect to ownership of, or limiting the activities of, the FMC Facilities; or 

(b)Except
as set forth in the Strategic Plan and Budget, FMC shall have the ultimate authority to decide, in its sole and absolute discretion,
whether to approve, disapprove or undertake any of the above listed items.  However, FMC agrees to consult and cooperate with
Manager in good faith concerning any decisions related to the above listed items. The following list includes general items that
require Board approval: 

1.Adopting
or amending employee equity and benefit plans 

2.Hiring
or firing senior officers or key employees 

3.Entering
into employment agreements, or amending the terms of employment, for senior officers 

4.Borrowing
or lending money 

5.Adopting
an annual budget 

6.Entering
into agreements of material importance to the corporation (e.g., financing agreements, material license agreements and leases) 

7.Any
expenses of greater than $50,000.00 (Fifty Thousand Dollars) 

10.Defense
of Claims; Exculpation. 

10.1FMC. 

(a)FMC
agrees to indemnify, defend and hold harmless Manager, including its “advisors” (selected by Manager and accepted by
FMC), affiliates, subsidiaries, successors and assigns, and any employee, agent, officer, director, shareholders, manager, representative,
attorney, or independent contractors, including but not limited to Senior Executives and their employer and its affiliates (together,
the “SE Employer”), and direct or indirect equity holder of Manager, and any person who controls Manager (any or all
of the foregoing hereinafter a “Manager Indemnified Person”), from and against any losses, damages, liabilities, deficiencies,
claims, actions, suits, proceedings, judgments, settlements, interest, awards, penalties, fines, costs, or expenses (including
reasonable attorneys’ fees and costs of defense), joint or several, of any kind or nature whatsoever (collectively, “Claims”)
that may be incurred by or asserted against Manager or a Manager Indemnified Person (whether or not Manager or a Manager Indemnified
Person is party  

11

to such Claims) to the extent they result from,
arise out of, or are in any way related to, the following, in each case as finally determined by an arbitrator:

(1)the
breach or non-fulfillment or violation by FMC or any of its Representatives of any of the covenants, duties, obligations, representations
or warranties of FMC set forth in this Agreement; 

(2)any
actions or omissions of FMC or its affiliates, subsidiaries, successors, assigns, employees, agents, officers, directors, managers,
advisors, representatives, attorneys, independent contractors (respectively, “Representatives,” but for the avoidance
of doubt specifically excluding Manager, SE Employer and Manager Indemnified Persons), including without limitation actions or
omissions arising out of the negligence, gross negligence, recklessness, or willful misconduct of FMC or its Representatives  related
to this Agreement; 

(3)any
failure by FMC or any of its Representatives to comply with any applicable federal, state or local laws, regulations or codes in
the performance of its obligations under this Agreement; 

(4)Manager’s
or any Manager Indemnified Person’s involvement in, in any manner including without limitation the management of, oversight
of or operation of, the FMC Facilities or any other errors, actions or omissions of Manager or any Manager Indemnified Person; 

(5)any
claim which is brought or asserted by third parties against Manager or any Manager Indemnified Person relating to this Agreement
or FMC’s ownership or operation of the FMC Facilities, including without limitation the use of any real or tangible property
in connection with the FMC Facilities; or 

(6)any
bodily injury, death of any person or damage to real or tangible property caused by the acts or omissions of FMC or any of its
Representatives. 

(b)Furthermore,
FMC agrees to reimburse Manager, as incurred and upon demand by Manager, for legal or other expenses reasonably incurred by Manager
or a Manager Indemnified Person in connection with investigating, defending or preparing to defend any such Claims (including without
limitation in connection with the enforcement of the indemnification obligations set forth herein), whether or not Manager or any
Manager Indemnified Person is a party to any Claims out of which any such expenses arise and whether or not such Claims are brought
by FMC, its Representatives or any other person or entity. 

(c)However,
FMC shall not be obligated under the foregoing indemnity agreement in respect to any Claims (a) to the extent such Claims resulted
in whole or in part from the gross negligence, willful misconduct or fraud of Manager or a Manager Indemnified Person; (b) by one
Manager Indemnified Person against another relating to activities of such parties pursuant to the  

12

Agreement; or (c) arising from (i) felony criminal
activity that any Senior Executive or Manager Indemnified Person directly participated in or (ii) other acts indemnifiable by Manager,
in each such case (other than with respect to felony criminal acts), as finally determined by an arbitrator.

(d)The
reimbursement and indemnity obligations of FMC under this Agreement shall be in addition to any liability FMC may otherwise have;
shall extend upon the same terms and conditions to the Manager Indemnified Persons, and shall be binding upon and inure to the
benefit of any successors, assigns, heirs, and personal representatives of FMC, or of Manager or any Manager Indemnified Persons. 

10.2Manager.
Manager shall indemnify, defend, and hold harmless FMC including its affiliates, subcontractors, successors and assigns and any
employee, agent, officer, director, manager, representative, attorney or independent contractor (“FMC Indemnified Persons”)
against any Claims (including reasonable attorneys’ fees and costs of defense) to the extent that they result from the felony
criminal acts that Manager Indemnified Persons directly participated in, willful misconduct, gross negligence or fraud of Manager,
in each such case (other than with respect to felony criminal acts which shall require final judgment by a court of competent jurisdiction
(not subject to further appeal)), as finally determined by an arbitrator. A Manager Indemnified Person shall not be liable for
any act or omission of any other Manager Indemnified Person other than its own officers, directors, employees and subcontractors.
In addition, Manager shall not be obligated under the foregoing indemnity agreement in respect to any Claims (a) to the extent
such Claims resulted in whole or in part   from the gross negligence, willful misconduct or fraud of FMC or a FMC Indemnified
Person (b) by one FMC Indemnified Person against another relating to activities of such  parties pursuant to the Agreement;
or (c) arising from (i) felony criminal activity that  any FMC Indemnified Person directly participated in or (ii) other acts
indemnifiable by FMC, in each such case (other than with respect to felony criminal acts) as finally determined by an arbitrator.
The Manager Indemnified Persons shall not be liable for any act, error, omission or delay taken at the specific direction or with
the express approval of the Governing Body to take action or the failure of the Governing Body to take action.  

10.3Procedure. 

(a)In
the event that any Party hereunder shall receive any notice of any claim or proceeding against said Party in respect to which indemnity
may be sought under this Agreement, the said Party (“Indemnitee”) shall give the Party upon whom   a claim
could be made under this Agreement (“Indemnitor”) written notice of such loss, liability, claim, damage, or expense
and the Indemnitor shall have the right to contest and defend any action brought against the Indemnitee based thereon, and shall
have the right to contest and defend any such action in the name of the Indemnitee at the Indemnitor’s own expense; provided,
however, that if the Indemnitor shall fail to assume the defense and notify the Indemnitee of the assumption of the defense of
any such action within ten (10) days of the giving of such notice by the Indemnitee, then the Indemnitee shall have the right to
take any such action as it reasonably deems appropriate to defend, contest, settle, or compromise any such action or assessment
and claim indemnification as provided herein; provided, however, that no Party shall settle any such action without the consent
of the  

13

other applicable Party (which consent shall
not be unreasonably withheld) unless such settlement involves only the payment of money and the claimant provides the Indemnitee
a release from all liability in respect of such claim. If the Indemnitor defends any action for which indemnification is claimed,
the Indemnitee shall be entitled to participate at its own expense in the defense of such action; and further, provided, however,
that the Indemnitor shall bear the fees  and expense of the Indemnitee’s counsel only if (i) the engagement of such
counsel is specifically authorized in writing by the Indemnitor, (ii) the Indemnitor is not adequately prosecuting the defense
in good faith, or (iii) the named parties to such action include both the Indemnitor and the Indemnitee and there exists a conflict
or divergence of interest between such parties which renders it inappropriate for counsel selected by the Indemnitor to represent
both of  such parties. The Indemnitor shall not be liable for any settlement of any claim, action, or proceeding effected
without its written consent. No Party shall recover an amount in excess of the actual damages incurred.

(b)Notice
of all claims as required by this Agreement shall be promptly provided as to (i) the nature of any claim; or (ii) the commencement
of any suitor proceeding brought to enforce any claim. In the event of failure to provide such notice or in the event that Indemnitee
shall fail to cooperate fully with the Indemnitor in the Indemnitor’s defense of any suit or proceeding, the Indemnitor shall
be released from some or all of its obligations with respect to that suit or proceeding to the extent that the failure of notice
or cooperation actually and materially adversely affected the Indemnitor’s defense of such claims. 

10.4Indemnification
of Senior Executives. In addition to, and without limiting the indemnification described above, FMC shall indemnify the Senior
Executives who will be acting as officers of FMC to the same extent and subject to the same conditions as the most favorable indemnification
it extends to its officers or directors, whether under FMC's charter, bylaws, by contract or otherwise. 

10.5Exculpation
of Senior Executives and SE Employer. Though the Senior Executives may continue to be employed by and associated with the Manager
or SE Employer and its affiliates while providing services described hereunder, with respect to FMC and FMC, the Senior Executives
shall serve at the pleasure and direction of the Manager and/or Governing Body and neither the SE Employer, any Senior Executive
nor any of their respective affiliates shall have any liability to FMC or FMC for any acts or omissions of the Senior Executives,
notwithstanding that SE Employer may receive compensation from Manager for making the Senior Executives available to serve in such
capacity (and FMC and FMC expressly waive and agree not to assert any claim of respondent superior or similar legal theory which
might otherwise hold SE Employer or its affiliates liable for the acts or omissions  of the Senior Executives), except to
the extent that any such Claims result primarily and directly from such Senior Executive’s felony criminal acts, willful
misconduct, gross negligence or fraud in each such case (other than with respect to felony criminal acts which shall require final
judgment by a court of competent jurisdiction (not subject to further appeal)), as finally determined by an arbitrator. 

14

 

11.Access
to Records. 

11.1Access
to Records. 

(a)Manager
shall provide to the Governing Body, FMC’s auditors and accountants, FMC’s fiscal intermediaries, and accountants and
agents for the Medicare and Medicaid programs or any other governmental authority exercising legal and appropriate authority, access
to all lawfully required records for a period of seven (7) years after the furnishing of services under this Agreement. 

(b)Until
the expiration of four (4) years after the furnishing of Management Services pursuant to this Agreement, the Parties shall, upon
written request, make available to the Secretary of Health and Human Services (the “Secretary”) or the Comptroller
General, or their duly authorized representative(s), contract, books, documents, and records related to this Agreement and necessary
to verify the nature and extent of the cost of such Management Services. If any Party carries out any of its obligations under
this Agreement by means of a subcontract with a value of $100,000 or more, that Party agrees to include this requirement in any
such subcontract. The availability of books, documents, and records shall be subject at all times to all applicable legal requirements,
including without limitation such criteria and procedures for seeking and obtaining access that may be promulgated by the Secretary
by regulation. Neither Party shall be construed to have waived any applicable attorney-client privilege by virtue of this Section. 

11.2Exercise
of Right of Access. The foregoing rights of access shall be exercisable through a written request, upon which Manager and its subcontractors
shall give access to the above contracts, books, documents, and records from time to time during reasonable business hours. 

12.Management
Fee. 

12.1Management
Fees. In consideration for the Management Services provided by Manager under this Agreement, FMC shall pay Manager as follows (collectively,
the “Management Fees”): 

(a)A
total annual base fee (the “Base Fee”) equal to Twelve Percent (12%) of all collected cash revenues for each fiscal
year of this agreement.  Manager will be paid the Management Fee on a weekly basis for the preceding week’s total cash
and settlements collected from all sources. Manager is authorized to withdraw this fee on a weekly basis and will present an invoice
concurrently, based on the preceding week's collected settlement reports. However, Manager must first ensure Hospital payroll is
met as its’ highest priority before cash is withdrawn to pay Manager’s fees. If funds are insufficient to cover all
or part of Manger’s fees, the balance due will be deferred as owed but carried as a deferred expense due Manager. When, in
Manager’s best business judgement, sufficient funds become available to pay off all or part of fees incurred and still owing,
Manager will pay down all or part of the balance of fees owed using prudent business  

15

judgement and discretion. In no case shall Manager
forgive fees due for management services rendered.

(b)An
incentive or success fee (the “Incentive Fee”) to be negotiated based on the achievement of certain mutually agreed
milestones.  

(c)IT
support and EMR services are not included in the management fee and will be offered to FMC by separate agreement.  

12.2Arm’s
Length Transaction. The Parties have negotiated the Management Fees at arm’s length, assisted by professional financial advisers.
They believe that the management fees are consistent with fair market value and comply with law. 

13.Breach.
In the event of a breach of any obligation or covenant under this Agreement, other than the obligation to pay money (which shall
have a thirty (30) day cure period), the non-breaching Party may give the breaching Party written notice of the specifics of the
breach, and the breaching Party shall have sixty (60) days (the “Cure Period”) in which to cure the breach; provided,
that for any non-monetary defaults reasonably requiring greater than ninety (90) days to cure, the breaching Party shall not be
in default so long as the breaching Party commences to cure such default within the required sixty (60) days and diligently prosecutes
 such cure to completion thereafter. Only if the breach is not cured within said Cure Period shall the non-breaching Party
be entitled to pursue any remedies it may have by reason of the breach.  A waiver of any breach of this Agreement shall not
constitute a waiver of any future breaches of this Agreement, whether of a similar or dissimilar nature. 

14.Term.
The term of this Agreement (“Term”) shall commence and be deemed effective as of the Effective Date, and continue for
an initial ten (10) year period, and shall automatically renew for one (1) additional five (5) year period unless a Party provides
at least one hundred eighty (180) days prior written notice of nonrenewal to the other party. Thereafter, this Agreement may be
renewed upon prior written agreement of the Parties. Any renewal periods shall be deemed a part of the Term. 

In the event of and regardless of a Change
of Control or merger or sale of the Hospital, this Management and Administrative Service Agreement will be assigned and
assumed by the new owner or controlling entity as part of the transaction or event and continue in full force and effect through
the end of the term and renewals.  iHealthcare Inc reserves all rights to this agreement in the event of such an occurrence.  

15.Dispute
Resolution and Remedies. 

15.1Resolution
by Management. The Parties’ respective management teams shall attempt, in good faith, to privately and confidentially resolve
any dispute, controversy or claim arising under this Agreement (a “Dispute”). In the event the Parties are unable to
resolve the Dispute after negotiating in good faith for thirty (30) days following written notice of the Dispute served on a Party,
either Party may refer such Dispute to FMC and the CEO of Manager for resolution.  

15.2Arbitration.
IF A DISPUTE ARISES, THE PARTIES WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE
A SINGLE ARBITRATOR FROM JUDICIAL  

16

ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”);
AND (b) WAIVE ANY RIGHT TO CIVIL TRIAL BY JUDGE OR JURY.  Notwithstanding the foregoing, all claims alleging violation of
this agreement, restrictive covenants, mishandling of Confidential Information, or transgression of intellectual property rights,
shall be subject to the exclusive jurisdiction, in Miami, Florida, of either the Florida state courts or the US District Court.
 Before accepting appointment, the arbitrator shall agree: (a) that the arbitrator’s award shall be made within nine
(9) months of the filing of a notice of intention (or demand) to arbitrate  (but it may be extended by written agreement of
the parties); (b) to base any decision or award on governing law; (c) to not award punitive or other damages that are not measured
by the prevailing party’s actual damages, except as may be required by statute; and (d) to issue an award in writing within
ten (10) days of concluding the presentation of evidence and briefs.  Judgment may be entered in any court having jurisdiction
thereof.  The prevailing party shall be entitled to recover from the other party its costs and expenses, including reasonable
attorney’s fees.

15.3LIMITATION
OF LIABILITY.  NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT
DAMAGES, NOR THE COST OF PROCURING SUBSTITUTE ITEMS OR SERVICES, ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS
OF ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES.  IN NO EVENT WILL MANAGER BE LIABLE TO CLIENT FOR SPECIAL OR CONSEQUENTIAL
DAMAGES ARISING FROM THE PROVISIONS AND THE PERFORMANCE OF SERVICES BY MANAGER UNDER THIS AGREEMENT, EVEN IF MANAGER HAS BEEN ADVISED
OF THE POSSIBILITY OF SUCH DAMAGES. FURTHER, THE TOTAL LIABILITY OF MANAGER UNDER THIS AGREEMENT, FOR ANY AND ALL CAUSES, WILL
BE LIMITED, AND MANAGER’S TOTAL LIABILITY WILL NEVER EXCEED THE SUM OF TWENTY PERCENT [20%] OF ONE (1) MONTH AVERAGE MANAGEMENT
FEES.  

EXCEPT AS PROVIDED HEREIN, MANAGER DISCLAIMS ALL REPRESENTATIONS
AND WARRANTIES OF ANY KIND OR NATURE, EXPRESS OR IMPLIED [EITHER IN FACT OR BY OPERATION OF LAW], WITH RESPECT TO ANY ITEM OR SERVICE
PROVIDED HEREUNDER, INCLUDING BUT NOT LIMITED TO, ANY WARRANTY OF MERCHANTABILITY, TITLE, NON-INFRIGEMENT, OR FITNESS FOR A PARTICULAR
PURPOSE OR ANY WARRANTY ARISING FROM CONDUCT, COURSE OF DEALING, CUSTOM, OR USAGE IN TRADE. No claim against MANAGER of any kind
under any circumstances will be filed more than one year after FMC knows of, or in the exercise of reasonable care, could know
of, such claim or an act or omission of MANAGER that would give rise to such a claim.

15.4Remedies.
The arbitrator may grant as remedies in connection with an outstanding Dispute: (a) a required Corrective Action Plan for Manager’s
performance of the Management Services, (b) specific performance of this Agreement, (c) full payment by FMC to Manager in accordance
with the terms hereof, (d) a modification to the Performance Targets; (e) monetary indemnification in accordance with the terms
hereof, and/or (g) any other lawful and appropriate remedy, including termination of this Agreement. 

15.5Exclusive
Process. Except as otherwise set forth herein, the procedure set forth in this Section 15 shall be the Parties’ exclusive
process for resolution of all Disputes. 

17

16.Termination.
This Agreement may be terminated prior to the expiration of the Term only as follows, and any such termination shall not affect
any rights or obligations arising prior to the effective date of termination: 

16.1Termination
for Material Breach. 

(a)Notwithstanding
any provision contained herein, however, Manager shall not be liable to FMC and shall not be deemed to be in breach of this Agreement
for  the failure to perform any or all obligations to be performed by Manager pursuant to this Agreement, to the extent such
failure results from (i) governmental intervention, (ii) labor dispute, (iii) law, regulations, rules or reimbursement rules or
policies that actually prevent such performance, (iv) any other action or force majeure or event which is beyond the reasonable
control of Manager, or (v) any failure by FMC to perform, fund or meet any of FMC’s obligations hereunder; and provided that
Manager shall nevertheless be obligated duly to perform hereunder to the extent such performance remains feasible. 

16.2Bankruptcy
Insolvency. Manager shall be entitled to file a UCC for unpaid Management Fees. Manager may terminate this Agreement upon ten (10)
days written notice to FMC in the event FMC (or FMC’s sponsoring entity)  becomes insolvent or fails to pay, or admits
in writing its inability to pay, its debts as they  mature; or a trustee, receiver or other custodian is appointed for such
other party for all or a substantial part of such person’s property and is not discharged within sixty (60) days of appointment;
 or any bankruptcy reorganization, debt, arrangement, or other proceeding under  any bankruptcy or insolvency law or
any dissolution or liquidation proceeding is instituted by or against such person and if instituted against such person’s
is consented to or acquiesced in by such person or remains un-dismissed for sixty (60) days following the original filing; or any
warrant or attachment is issued against any substantial portion of the property of such person which is not released within sixty
(60) days of service; and FMC may likewise terminate if   any of the foregoing occurs with regard to Manager or iHealthcare
Management Company and this substantially impairs Manager’s ability to perform its obligations under this Agreement. 

17.Effects
of Termination. The termination of this Agreement for any reason shall be without prejudice to any payments or obligations
which may have been earned and accrued or become due to any Party hereunder prior to the date of termination. Notwithstanding anything
to the contrary herein, the following provisions shall survive any termination hereof: Sections 10 (Defense of Claims), 11 (Access
to Records), 12 (Management Fee), 15 (Disputes), 19 (Representation and Warranties) and 21 (Miscellaneous). In the event this Agreement
is terminated for any reason, FMC shall pay to Manager all unpaid fees then due.  

18.Transition
Services. In the event of termination of this Agreement prior to expiration for any reason other than insolvency or bankruptcy
of FMC, upon request of FMC, Manager shall be obligated to continue to provide FMC with the Management Services described herein
for a period of up to one hundred twenty (120) days after such termination or expiration of this Agreement (the “Transition
Period”), and during such Transition Period: (a) Provided  FMC shall continue to compensate Manager in  

18

accordance with this Agreement, (b) Manager shall
fully cooperate in order to ensure the orderly and efficient transfer of its functions hereunder to FMC and/or another service
provider; (c) Manager shall fully cooperate in order to ensure no disruption to patient care functions; and (d) the Parties shall
cooperate in order to resolve any outstanding operational, financial, legal or other matters arising (including audits) from the
period in which this Agreement was in effect.

19.Representations
and Warranties. 

19.1Manager.
As of the Effective Date, Manager represents and warrants to FMC as follows: 

(a)Manager
is a Florida company duly organized, validly existing, and in good standing under the laws of the State of Florida. 

(b)Manager
has full authority to enter into and perform this Agreement, and the signature of Manager’s representative at the end hereof
signifies that this Agreement has been duly authorized, executed and delivered and represents a legal, valid and binding agreement
enforceable against Manager in accordance with its terms (subject only to customary limitations on the enforceability and availability
of remedies in accordance with principles of law and equity). 

(c)The
execution, delivery and performance of this Agreement by Manager does not (i) require any consent, waiver, approval, license or
authorization of any person or public authority which has not been obtained and is not presently in effect; (ii) to the knowledge
of Manager, violate any provision of law applicable to Manager; or (iii) conflict with or result in a default under, or create
any lien upon any of the property or assets of Manager under, any agreement or instrument; or (iv) violate any judicial or administrative
decree, contract, or other legal obligation to which Manager is subject or by which any of its assets are bound. 

(e)There
is no civil, criminal or administrative action, suit, demand, claim, hearing, proceeding or investigation pending or, to Manager’s
knowledge threatened against Manager that may materially delay or interfere with its entering into and fully and duly performing
this Agreement. 

(f)Neither
Manager nor, to the knowledge of Manager, any Manager personnel (including any Senior Executive) is a person excluded or barred
from the Medicare or Medicaid programs. 

19.2FMC.
As of the Effective Date, FMC represents and warrants to Manager as follows: 

(a)FMC
is a for-profit corporation duly organized, validly existing, and in good standing under the laws of the State of Florida. 

(b)FMC
has full authority to enter into and perform this Agreement, and the signature of FMC’s representative at the end hereof
signifies that this Agreement has been duly authorized, executed and delivered and represses a legal, valid and binding agreement
enforceable against FMC in accordance with its terms (subject only to customary limitations on the enforceability and availability
of remedies in accordance with principles of law and equity). 

19

(c)The
execution, delivery and performance of this Agreement by FMC does not (i) require any consent, waiver, approval, license or authorization
of any person or public authority which has not been obtained and is not presently in effect; (ii) violate any provision of law
applicable to FMC; or (iii) conflict with or result in a default under, or create any lien upon any of the property or assets of
FMC under, any agreement or instrument; or (iv) violate any judicial or administrative decree, contract, or other legal obligation
to which FMC is subject or by which any of its assets are bound. 

(d)There
is no civil, criminal or administrative action, suit, demand, claim, hearing, proceeding or investigation pending or, to FMC’s
knowledge threatened against FMC that may materially delay or interfere with its entering into and fully and duly performing this
Agreement. 

20.Miscellaneous. 

20.1Non-Solicitation.
During the Term hereof and for a period of two  (2)  years after its expiration or termination for any reason FMC, on
behalf of itself and its subsidiaries and affiliates and any person which may acquire all or substantially all of its assets agrees
that, until two (2) years subsequent to the termination of this Agreement, it will not solicit, recruit, hire or otherwise engage
any Senior Executive or other employee of the Manager or SE Employer that provided services to FMC or Manager relating to FMC while
employed by SE Employer or its affiliates (“SE Employer Solicited Person”).  

20.2Public
Statements. Manager shall be authorized to make public statements about FMC, services provided and its relationship hereunder. 

20.3Use
of FMC Name. Manager may use the FMC or FMC Hospital names in a manner reasonably necessary or conducive to performing its services
hereunder.  

20.4Reimbursable
Expenses. During the Term, Manager shall be promptly reimbursed for all reasonable expenses (to the extent of and pursuant to FMC’s
expense reimbursement policy for other personnel and contractors) incurred by Manager or third parties Manager contracts with in
connection with the provision of the Management Services hereunder (e.g., Senior Executives), including, but not limited to transportation,
lodging, meals, travel and office expenses upon submission to FMC of invoices. Any such expenses, subject to this section, shall
require prior approval by FMC to be eligible for reimbursement. 

20.5Notices.
All notices, requests, demands and other communications  required or permitted to be given pursuant to this Agreement must
be in writing and shall be (i) delivered to the appropriate address by hand, by nationally recognized overnight service (costs
prepaid); (ii) sent by facsimile or email, or (iii) sent by registered or certified mail, return receipt requested, in each case
to the following addresses, facsimile numbers or email addresses and marked to the attention of the person (by name or title) designated
below (or to such other address, facsimile number, email address or person as a Party may designate by notice delivered to the
other Party in accordance with this Section: 

20

Manager:Executive
Vice President 

iHealthcare Management Company

                            3901
SW 28th Street 2nd Floor

                            Miami,
FL, 33142

 

FMC:
              Fulton
Medical Center 

                            10
S Hospital Drive

                            Fulton,
Missouri 65251

 

All notices, requests, demands and other communications
shall be deemed have been duly given (as applicable): (A) if delivered by hand, when delivered by hand; (B) if delivered by UPS,
Federal Express, DHL or other nationally-recognized overnight delivery service, when delivered by such service; (C) if sent via
registered or certified mail, three (3) Business Days after being deposited in the mail, postage prepaid; or (D) if delivered by
email or facsimile, when transmitted if transmitted with confirmed delivery.

20.6Severability.
If any clause or provision of this Agreement  is  determined by a governmental body or a court having jurisdiction thereof
to be illegal, invalid, or unenforceable under any present or future law, then the Parties agree that the remaining provisions
of this Agreement that reasonably can be given effect apart from the illegal or unenforceable provision shall continue in effect
and there shall be substituted for such invalid or unenforceable provision a provision as similar as is feasible and yet would
be lawful. 

20.7Expenses.
Except as otherwise expressly provided herein, each Party will bear its own legal, accounting, and other fees and expenses relating
to the negotiation and preparation of this Agreement and the transactions contemplated hereby. 

20.8Public
Announcements. The time and content of any announcements, press releases, or other public statements concerning this Agreement
and the transactions described herein will be determined by a process agreed to by the Parties. 

20.9Waiver.
No failure on the part of any party hereto to exercise, and no delay in exercising, any right, power or remedy hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any right, power or remedy hereunder preclude any other
or further exercise thereof or the exercise of any other rights, power or remedy. 

20.10Captions.
The captions or titles of the sections herein have been included for convenience only and shall not be considered as part of this
Agreement. 

20.11Counterparts.
This Agreement may be signed in counterparts, each of which shall be deemed an original. Delivery of an executed counterpart of
a signature page to this Agreement by facsimile or in electronic (“pdf” or “tif”) format shall be effective
as delivery of a manually executed counterpart of this Agreement. 

21

20.12Force
Majeure. Manager shall not be deemed to be in violation hereunder for failure to perform any obligation contained in this Agreement
or for any incomplete performance hereunder for the time of and to the extent that such failure or incomplete performance is occasioned
by any cause or causes beyond the control of Manager, including, but not limited to, delays or failure in performance or non-performance
or interruption of services resulting directly or indirectly from acts of God, Acts of War (including Terrorist activities), civil
disorders, vandalism, fires, floods, weather, electrical failures, postal delays, inability to procure materials, sabotage, restrictive
governmental laws or regulations, labor actions or shortages, criminal activity of third parties,  loss of internet connectivity
or incomplete or inaccurate data input as supplied by FMC.    

20.13Consents.
Whenever under this Agreement provision is made for either Party’s securing the consent or approval of the other, such consent
or approval shall be in writing and (except as otherwise provided herein) shall not be unreasonably withheld, delayed, or conditioned. 

20.14Binding
Effect; Assignment. This Agreement is binding on, and is for the benefit of FMC and Manager and their successors, assigns, and
legal representatives (and Manager; iHealthcare Management Company). A Party shall not assign its rights or delegate its obligations
under this Agreement without the prior,  written consent of the other Party; provided, that, Manager may (upon written notice
to FMC) assign this Agreement to an affiliate of Manager, and/or to subcontract with any other parties for the performance of various
aspects of its obligations hereunder, provided  that Manager shall (a) adequately inform such subcontractors of their obligations
hereunder, (b) ensure that they fully comply herewith, and (c) remain fully responsible for the performance of any such assignee
and/or subcontractor. 

20.15Governing
Law. This Agreement shall be governed and construed according to the laws of the State of Florida, without giving effect to any
choice or conflict of law provision or rule thereof. 

20.16Further
Assurance. Each Party agrees to execute and deliver to the other such additional instruments, certificates, and documents as the
requesting Party may reasonably request in order to assist the requesting Party in obtaining the rights and benefits to which such
Party is entitled hereunder. 

20.17Third
Party Beneficiaries. The Manager Indemnified Persons, FMC Indemnified Persons, the Senior Executives and SE Employer are express
third party beneficiaries of the provisions of this Agreement that relate to them. 

20.18    Entire Agreement. This Agreement
(including exhibits and schedules) contain the entire agreement of the Parties with respect to the matters set forth herein and
supersede all prior negotiations and agreements, whether oral or written, concerning the subject matter hereof, all of which are
merged in this Agreement.

20.19
  Amendment and First Right of Refusal. This Agreement sets forth the entire understanding and agreement among the parties
hereto with reference to the subject matter hereof and may not be modified, amended, discharged or terminated except by a written
instrument signed by the parties hereto. First Right of Refusal:
 Landlord/Owner hereby grants to iHealthcare (iHCC) a first right of refusal to purchase the hospital property and
real estate during the term and any extensions of this Management and 

22

Administrative
Services Agreement.  If Landlord/Owner shall desire to sell the hospital property and real estate, and receives a bona fide
offer to purchase, Landlord/Owner shall give iHealthcare written notice of Landlord/Owner intention to sell Landlord/Owner interest
in the hospital property and real estate as contained in said offer to purchase. Such notice (Landlord/Owner Notice) shall
state the terms and conditions under which Landlord/Owner intends to sell its interest. For Sixty (60) business days following
the giving of such notice, iHealthcare shall have the option to purchase the Landlord/Owner interest as stated in the Landlord/Owner
Notice.  A written notice in substantially the following form, addressed to Landlord/Owner and signed by iHealthcare, within
the period for exercising the Option, shall be an effective exercise of iHealthcare Option to Purchase.

20.20Manager;
iHealthcare Management Company. In consideration for the potential benefits to iHealthcare Management Company, as sole member or
ultimate parent of Manager to be derived from the management fees and other benefits secured by Manager hereunder, iHealthcare
Management Company hereby agrees fully to ensure that Manager duly and timely fulfills its performance obligations, financial obligations,
indemnification obligations, and other obligations, under this Agreement. FMC retains Manager as the sole and exclusive executive
group and management agent during the term of this Agreement.  

 

                                                                   
[Signature Page Follows]

23

 

 

IN WITNESS WHEREOF, the Parties have caused
this Agreement to be executed as of January 7, 2019.

 

Fulton Medical Center LLC: 

 By:
/s/ Jorge Perez

Name: Jorge Perez    

Title: Chairman, Hospital Governing Body 

 

Manager - iHealthcare Management Company

 

By: /s/ Noel Mijares 

Name: Noel Mijares 

Title:     Chief Executive Officer

24

 

MANAGEMENT AND ADMINISTRATIVE SERVICES AGREEMENT

Regional General Hospital

 

THIS MANAGEMENT AND ADMINISTRATIVE SERVICES AGREEMENT
(this “Agreement”) is entered into as of the 7th day of January 2019, by and among Regional Health Partners, LLC D/B/A
Regional General Hospital (“RGH”), a Florida Limited Liability Company, and iHealthcare Management Company, a Florida
Corporation (“Manager”). RGH and Manager are sometimes referred to herein individually as a “Party” or
collectively as the “Parties.”

WITNESSETH:

WHEREAS, RGH owns and operates an acute general medical
and surgical hospital (the “RGH Facilities”) located on the medical campus with a principal address of 125 SW 7th Street,
Williston, Florida 32696;

WHEREAS, Manager is a Hospital Management Company;

WHEREAS, Manager has demonstrated expertise and a
track record of successfully managing and improving the performance of hospitals serving rural communities;

WHEREAS, RGH desires that Manager provide services
to administer, supervise, and manage, and Manager desires to administer, supervise, and manage, the operations of the RGH Facilities
on behalf of RGH commencing on January 7, 2019 (the “Effective Date”) on the terms and conditions set forth hereinafter,
in furtherance of and consistent with RGH’s mission:

NOW, THEREFORE, in consideration of the foregoing
and the mutual agreements, covenants and promises hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, and intending to be legally bound, the Parties hereto agree as follows:

1.Retention
of Manager. Subject to the terms and conditions of this Agreement, as of the Effective Date, RGH hereby retains and appoints
Manager to manage the RGH Facilities on behalf of RGH. Manager shall provide, at Manager’s sole expense and determination,
all necessary corporate administration, shared services, legal services, compliance, hospital employee benefits program sponsorship,
general business infrastructure and support necessary for Manager’s performance under this agreement. During the Term hereof,
Manager shall be the exclusive provider of such services as are described herein as Management Services. 

2.Strategic
Plan and Budget. Manager and RGH, shall develop and agree on an annual plan setting forth details regarding the strategic,
operational and capital activities that Manager shall undertake and oversee on behalf of RGH and the budgets regarding such activities
(as amended from time to time, the “Strategic Plan and Budget”), which shall include, among other matters: 

1

(a)strategic,
programmatic and service line initiatives (including their operating and capital requirements) for the RGH Facilities; 

(b)performance
improvement initiatives, business development objectives, cost reduction plans, synergistic opportunities and efficiency improvements; 

(c)an
annual operating budget setting forth an estimate of operating revenues and expenses for the next year, which operating budget
shall be in reasonable detail and shall contain an explanation of anticipated changes in utilization, patient charges, payroll,
and other factors; 

(d)an
annual capital expenditures budget outlining a program of capital expenditures for the next fiscal year, which budget shall designate
expenditure items as either “routine capital” or “enhancement capital” and estimate where possible their
return on investment and other impact on operations, market position, etc.; and 

(e)an
annual projection of cash receipts and disbursements based upon the proposed capital expenditures and operating budgets, which
projection shall contain recommendations concerning use of excess cash flow, if any. 

2.2Revenues.
To the extent cash revenues of the RGH Facilities are not sufficient to support expenditures contemplated by the Strategic Plan
and Budget, RGH will be solely responsible for its cost of operation. If requested by RGH, Manager will use commercially reasonable
efforts to assist RGH in obtaining financing to fund such cost of operation. Manager shall use commercially reasonable efforts
to achieve the revenue targets and other goals consistent with the Strategic Plan and Budget and Performance Targets. 

3.Control
By RGH. Notwithstanding anything contained anywhere to the contrary, the Governing Body of RGH shall be the Governing Body
of the RGH Facilities (the “Governing Body”) and, shall possess ultimate authority and control over RGH. RGH authorizes
general operating policies developed by and to be carried out by Manager under this Agreement. The Governing Body shall delegate
authority to Manager to enable Manager effectively to perform its functions hereunder. By entering into this Agreement, RGH does
not, and shall not in the future, delegate to Manager any of the powers, duties, and responsibilities vested in the Governing Body
by law or by RGH’s governing documents. RGH is solely obligated to and shall pay, make funds available to Manager for the
payment of, or otherwise cause to be satisfied or discharged, all Hospital Expenses in accordance with the terms of this Agreement.
On a monthly basis, Manager shall meet or confer with RGH and provide financial reports, statistical reports, updates and review
requests for approvals by the Governing Body.  

4.Operational
Services. Manager shall use commercially reasonable efforts to oversee the efficient and orderly operation of the RGH Facilities
and shall provide the following services in accordance to the terms hereof, or if not herein specified then at least at the level
of prevailing industry practices:  

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4.1Key
Hospital Services. Manager shall (a) use commercially reasonable efforts to perform all services consistent with the specific standards
herein, (b) use commercially reasonable efforts otherwise to oversee the implementation of processes and systems at the RGH Facilities
consistent with the Strategic Plan and Budget, and (c) refrain from intentionally taking any actions that are in material violation
of applicable laws in its activities pursuant to this Agreement. Manager’s objectives in performing the Management Services
shall include the following: 

(a)Improving
Emergency Department responsiveness to patients, reducing wait times and left-without-being-seen metrics; 

(b)Improving
clinical service quality and documentation through sophisticated hospitalist and case management programs and quality of services
[which may be provided by telehealth services]; 

(c)Decreasing
supply chain costs and quality of services by standardizing purchasing activities and establishing cost-effective purchasing and
usage protocols; 

(d)Managing
labor costs through disciplined staffing policies, while strengthening employee retention and recruitment activities; 

(e)Improving
the clinical documentation, coding and billing procedures of the RGH Facilities, and compliance with government programs and private
payor requirements, so as to increase proper fee realization in accordance with applicable contracts and law; 

(f)Assisting
with the improvement of other revenue cycle functions; 

(g)Developing
new recurring revenue streams and increasing inpatient volumes by expanding and refining managed care activities; 

(h)Realigning
administrative infrastructure to better capitalize on system scale and to standardize best practices; 

(i)Improving
marketing, advertising and positioning of RGH within the local market; 

(j)Improving
care protocols and management of patient care flow, bed availability and turnover, and length of stay; 

(k)Augmenting
initiatives in payer relations and contracting; 

(l)Enhancing
the effective linkage of the clinical enterprise with support of RGH’s teaching and research activities; and 

(m)Implementing
the services described in the remainder of this Agreement. 

(n)Advising
the Governing Body of any material actions that Manager recommends be taken to avoid material non-compliance with law or deficiencies
in services. 

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4.2Staffing. 

(a)During
the Term, Manager shall contract with and provide, and at its sole expense pay all compensation and benefits due to a Chief Executive
Officer and necessary and adequate corporate administration, shared services and business infrastructure. Each such Senior Executive,
and any future replacement thereof, shall be subject to reasonable advance approval by the Governing Body, which shall not be unreasonably
withheld or delayed. When so approved by the Governing Body and in the performance of their duties hereunder, such Senior Executives
shall be subject to and shall comply with all RGH policies and requirements applicable to their respective positions and duties,
subject to the Senior Executives being advised thereof in writing in advance.  In addition, at Hospital Expense and not included
in the Management Fee, Manager may make available certain advisors and other personnel (the “Senior Advisors”) from
time to time to consult with, visit and perform on site periodic reviews and evaluations, and advise RGH regarding the operations
and business of the RGH Facilities in order to ensure effective management of the RGH Facilities.  The Parties acknowledge
and agree that the composition of such advisory services at any given time may vary depending on the needs of the business of RGH,
in Manager’s reasonable discretion and/or at RGH’s reasonable request and Manager’s agreement thereto. 

(b)Subject
to the Strategic Plan and Budget, Manager will determine necessary and appropriate staffing levels of the RGH Facilities, and Manager
shall oversee and administer the recruitment and hiring in the name of and on behalf of RGH such physicians, nurses, technicians,
administrative, and other staff as are determined to be necessary or appropriate for the operation of the RGH Facilities. Manager
shall execute on behalf of RGH, as appropriate, any employee hiring, terminations, or other actions. Manager shall monitor and
review all payroll functions for the RGH Facilities periodically. 

(c)All
personnel required to be employed directly by RGH under applicable licensure and reimbursement laws, regulations, and related requirements
shall be employees or contractors of RGH (“RGH Personnel”) and not Manager, and shall be subject to RGH’s personnel
policies. All wages, benefits and other payroll expenses related to RGH Personnel shall be included as part of Hospital Expenses.
For the avoidance of doubt, the term RGH Personnel does not include any Senior Executives or any personnel of Manager, unless RGH
first approves their addition at Hospital Expense.  

(d)Manager
shall administer and oversee the enforcement of personnel policies established in accordance with RGH’s contractual obligations,
employment policies and the Strategic Plan and Budget in connection with hiring, managing, and discharging RGH Personnel. 

(e)Subject
to the terms of any applicable labor agreements binding  RGH or the RGH Facilities, including, without limitation, any collective
bargaining agreements, Manager, as the authorized agent of RGH, shall (i) determine the staffing plans on behalf of RGH with respect
to the number and qualifications of RGH Personnel required for the efficient and effective operation  

4

of RGH Facilities operations, and, (ii) in accordance
with the Strategic Plan and Budget, implement wage scales, employee benefit packages and programs, in-service training programs,
staffing schedules, and job descriptions for RGH Personnel, all in order to accomplish the policies established by RGH.

(f)           Manager
is authorized to provide or arrange for cost effective employer self-insured employee benefits programs either through third parties
or through an affiliate of Manager on behalf of the Hospital at Hospital Expense. Manager is authorized to sponsor such programs
as necessary for their implementation.  

4.3Training.
Manager, in collaboration with RGH, shall assist in educational training programs for RGH Personnel designed to improve inpatient
and case management, clinical documentation, departmental operations and such other matters as Manager may determine to be beneficial
to the efficient operation of the RGH Facilities. 

4.4Contracts.
Manager shall assist the Senior Executives in negotiating and consummating agreements and contracts for and on behalf of the RGH
Facilities in the name of RGH in the usual course of business, all in accordance with the Strategic Plan and Budget. 

4.5Laws
and Accreditations. Manager shall provide assistance in obtaining and maintaining, in RGH’s name, all licenses, permits,
approvals and certificates of accreditation required for the operation of the RGH Facilities. 

4.6Medical
Records. Manager shall administer and oversee systems for the timely, accurate and efficient creation, filing, security, sharing
among care givers and other lawful persons, and retrieval at the RGH Facilities, of all medical records, charts, and files, all
in accordance with applicable law, the requirements of payors, the needs of effective risk management and compliance systems, and
other best practices. 

4.7HIPAA
and Business Associate Agreement. The Parties hereby acknowledge and agree to enter into and comply with the Business Associate
Addendum attached hereto, to evidence their compliance with privacy standards adopted by   the U.S. Department of Health
and Human Services as they may be amended from time to time, 45 C.F.R. Parts 160 and 164, subparts A, D and E, the security standards
adopted by the U.S. Department of Health and Human Services as they may be amended from time to time, 45 C.F.R. Parts 160, 162
and 164, subpart C , and the requirements of Title XIII, Subtitle D of the Health Information Technology for Economic and Clinical
Health (HITECH) Act provisions of the American Recovery and Reinvestment Act of 2009, 42 U.S.C. §§ 17921-17954,
and all its implementing regulations, when and as each is effective and compliance is required, as well as any applicable state
confidentiality laws. 

4.8Support
Services. Manager shall administer and oversee customary hospital support services, including, but not limited to, housekeeping,
maintenance (including repair and maintenance of the interior and exterior of the RGH Facilities building, and grounds), janitorial,
security and food services. 

5

4.9Information
Technology Systems and Records. Manager shall administer and oversee the maintenance and operation of accounting, auditing, budgeting,
reimbursement, revenue cycle, payor reporting and reconciliation, electronic health record, computerized physician order entry,
and other clinical service records and other information technology systems required for the efficient management of the RGH Facilities’
affairs and compliance with payor program requirements and/or contracts. Manager shall administer and oversee the preparation and
maintenance of all books and records regarding operations and financial transactions pertaining to the RGH Facilities and shall
ensure copies of such books and records are made available to the Governing Body or its designee upon request.   

4.10Establishment
of Operational Policies. Manager shall develop and implement RGH policies, procedures, and standards of operation, maintenance,
pricing, and other matters affecting the RGH Facilities and the operation thereof, consistent with the Strategic Plan and Budget. 

4.11Acquisition
of Property. Manager shall be responsible for the oversight of acquisition of all personal property, equipment, supplies, and inventory
as may be necessary to operate the RGH Facilities in accordance with (i) this Agreement, (ii) the Strategic Plan and Budget, (iii)
applicable laws, rules, and regulations, and (iv) applicable standards and guidelines on accreditation promulgated by the Joint
Commission or any other applicable accreditation organization. Manager shall have the right to utilize such personal property,
equipment, supplies, and inventory at the RGH Facilities as Manager reasonably deems necessary and appropriate to fulfill its obligations
hereunder. 

4.12RGH
Missions. Manager shall assist RGH in: 

(a)Managing
the linkage between the clinical programs and student and resident academic training programs; and 

(b)Enhancing
the RGH Facilities’ community service mission and engagement in community activities that educate, inspire, and improve the
quality of life and overall health outcomes of the patient populations served by RGH. 

4.13Public
Relations. Manager shall implement such advertising, marketing and other activities as may be conducive to the efficient operation
of the RGH Facilities, subject to the prior approval of the Management Committee for all new materials. Subject to the foregoing,
from time to time, Manager shall engage in reasonable and lawful marketing and public relations activities designed to enhance
the RGH Facilities’ image and reputation and to secure and maintain patients at the RGH Facilities. 

4.14Liability
Insurance. Manager shall obtain and/or maintain in effect, on RGH’s behalf and at RGH’s sole expense, throughout the
term of this Agreement, such policies (or programs) of property/casualty coverage, public liability, professional liability and
hazard insurance and other customary insurance coverage's in commercially reasonable amounts for and on behalf of the RGH Facilities
as are designated by RGH and consistent with the Strategic Plan and Budget or, in the absence of such a specification, as Manager
considers reasonable and prudent based on criteria generally used by Manager with respect to the hospitals owned or managed by
Manager. RGH, Manager and the Senior Executives shall be covered under all such applicable policies (or programs). Additionally,
Manager and the Senior Executives shall be  

6

named as additional insured's under RGH’s Directors’
and Officers’ liability, Errors and Omissions liability, professional liability and other insurance policies and the Senior
Executives shall be insured under any such policies to the same extent as RGH’s other officers and directors.

4.15Indigent
Care. Manager shall assure access to medical care for indigent persons at the RGH Facilities in accordance with RGH’s mission,
the Strategic Plan and Budget and applicable law. Manager and RGH shall ensure that charity care at RGH Facilities is provided
in a manner consistent with RGH’s policies in effect from time to time. Manager shall implement and administer on behalf
of RGH appropriate agreements with governmental authorities concerning reimbursement for services provided to indigent and uninsured
persons. 

4.16Charges. 

(a)Manager
shall oversee the billing for services rendered by the RGH Facilities and the collection of all accounts due to the RGH Facilities
in accordance with lawful Charge-master and collection policies developed by RGH pursuant to the Strategic Plan and Budget and
each applicable third-party payor program or contract. RGH shall approve the Charge-master. Manager shall update RGH on all changes
to the Charge-master as they may occur in the normal course of business. Manager shall be entitled to obtain, on behalf of, and
at the expense of, RGH, the assistance of one or more collection agencies who shall be required to act in accordance with law and
generally recognized practices for hospitals (such as the AHA Guidelines.)  

(b)RGH
shall maintain bank accounts (“RGH Accounts”) necessary for operations of the RGH Facilities and Manager shall cause
to be deposited therein all receipts and money arising from operations of the RGH Facilities. It is anticipated that the Senior
Executives appointed as Chief Executive Officer and designated Chief Financial Officer or designee of RGH, and such other individuals
as are approved by the Governing Body from time to time, shall have the right to authorize disbursements from RGH Accounts on behalf
of RGH in such amounts and at such times as the same are required, as addressed further below. 

4.17Payment
of Expenses. Provided RGH has sufficient funds, Manager shall timely and accurately pay on behalf of RGH, from funds generated
by the RGH Facilities in the RGH Accounts, where and as due, and without delinquency or default, all proper debts, liabilities,
costs, and expenses (“Expenses”) related to the ownership, management and operation of the RGH Facilities, including
any taxes  and all  bills for goods delivered or services rendered to the RGH Facilities and all personal property, supplies,
inventory and all other items necessary for operation of the RGH Facilities and to provide the Management Services described herein.
Manager shall contest by appropriate and legal means, (but may not bring any lawsuit without complying with such guidelines and
policies as are established from time to time by the Governing Body or the Management Committee) on behalf of RGH, any claims for
payment asserted with respect to the RGH Facilities that Manager, in good faith, considers erroneous or improper. 

4.18Agency.
Within the scope of functions delegated to Manager hereunder and subject to other conditions set forth herein, Manager shall have
the right to act and shall assist RGH as the agent and attorney-in-fact of RGH in the procuring of licenses, permits and other
approvals, the payment and  

7

collection of accounts, and in all other activities
necessary, appropriate, or useful to Manager in the carrying out of its duties. In performing such services, Manager shall comply
with all applicable laws, regulations and requirements of governmental bodies.

4.19Elective
Corporate-Based Consulting Services. If requested by RGH and agreed by Manager, Manager or its designees may provide as added elective
consulting services (not included with Management Fees but paid instead under mutually agreed separate written agreements), corporate-based
consulting services that are outside of the scope of the Management Services provided under this Agreement (“Consulting Services”).
Manager will provide any such Consulting Services at market rates or such rates as may be mutually agreed to by the Parties, which
rates shall be determined at the time such Consulting Services are requested. 

4.20Compliance
with Law and Professional Standards. In performing its services hereunder, and in all conduct related to this Agreement, Manager
will comply with all applicable laws and with generally recognized professional standards for similar services within the hospital
management industry. 

5.Reports
to RGH. For the purpose of keeping informed with respect to the operation of the RGH Facilities and Manager’s performance
hereunder, Manager shall arrange for the preparation and delivery to the Governing Body or its designee the following: 

5.1Financial
Statements. 

(a)Submit
to the Governing Body quarterly unaudited financial statements of the RGH Facilities, containing a balance sheet and a statement
of income, prepared in reasonable detail and in accordance with generally accepted accounting principles; and 

(b)Annually,
within one hundred twenty (120) days after the end of each fiscal year of the RGH Facilities, audited financial statements of the
RGH Facilities (“Audited Financial Statements”), including a balance sheet, statement of income, and statement of changes
in financial position, prepared in reasonable detail and in accordance with generally accepted accounting principles and accompanied
by a report of the independent auditor of the RGH Facilities (selected by the Governing Body). The timing of audit submissions
assumes RGH has paid audit fees in a timely manner.  

5.2Strategic
Plan and Budget. An annual updated Strategic Plan and Budget, to be delivered at least thirty (30) days prior to the beginning
of each RGH Fiscal Year during the Term of this Agreement. 

5.3Reports.
All reports deliverable hereunder shall be generated by Manager using the then-existing systems of RGH and delivery of such reports
is conditioned upon the capability, availability, cooperation and access to, such RGH systems and personnel for Manager. Manager
shall hold annual meetings with the Governing Body or its designee specified in writing to discuss the reports required by this
Agreement. 

6.Access
to Reports and Communications. Each Party agrees to provide the other, promptly when received, with access to all material
reports, other filings, and communications from governmental authorities or agencies having jurisdiction over the RGH Facilities. 

8

7.Medical
Staff, Quality of Care. 

7.1Cooperation
with Medical Staff. Manager shall reasonably cooperate and maintain liaisons with the medical staff of the RGH Facilities (collectively,
the “Medical Staff”) and shall advise and assist the Medical Staff concerning procedural matters and standards and
guidelines on accreditation promulgated by The Joint Commission or any other applicable accreditation organization. However, all
medical, ethical, and professional matters, including control of and questions relating to the composition, qualifications, and
responsibilities of the Medical Staff, shall be the responsibility of the Governing Body, the Credentialing Committee, and the
Medical Staff of the RGH Facilities. 

7.2Quality
Assurance Program. Manager shall review and make recommendations regarding RGH’s existing Quality Assurance Program and QIIP
and shall assist RGH with the implementation and administration of its Quality Assurance Program in accordance with applicable
law. 

7.3Medical
Affairs Committee. In order to provide a forum for communication among representatives of the Medical Staff and to ensure compliance
with RGH’s Quality Assurance Program, Manager shall assist RGH in the implementation and administration of a Medical Affairs
Committee that shall consist of a designated senior officer of RGH, physicians appointed by the Medical Staff, persons designated
by the Governing Body or its designee, and one additional person designated by Manager. The Medical Affairs Committee, if and when
implemented, would meet quarterly, or as needed, keep minutes of its meetings, and have the following suggested duties: 

(a)to
ensure that acceptable medical, ethical, and professional standards are attained within the RGH Facilities; 

(b)to
assist in implementation of the Quality Assurance Program so that the quality of health care provided at the RGH Facilities may
be measured objectively; 

(c)to
ensure that all patients admitted to the RGH Facilities or treated as outpatients receive quality patient care; 

(d)to
provide a forum for discussion of problems of a medical- administrative nature; 

(e)to
assist the Governing Body and Manager in ensuring compliance with federal, state, and local requirements; and 

(f)to
act in an advisory capacity in the implementation of quality of care policies adopted by the Governing Body or the Medical Staff. 

8.Laws;
Licenses; Reimbursement Programs; Accreditation. 

8.1Compliance
with Law. In performing services hereunder and in all other actions related to this Agreement, Manager and all personnel of Manager
shall comply with applicable federal, state, and local laws, rules, and regulations relating to the RGH Facilities or Manager’s
Management Services, including without limitation all agencies having jurisdiction over health care services, billing, labor/employment,
 

9

taxation, environmental compliance, antitrust, or
physical facility compliance. Manager shall assist RGH to operate the RGH Facilities so that it maintains all necessary licenses,
permits, consents, and approvals from all governmental agencies that have jurisdiction over the operation of the RGH Facilities.
Manager shall not be obligated to RGH for failure of the RGH Facilities to comply with any such laws, rules, and regulations or
for failure of the RGH Facilities to maintain any such licenses, permits, consents, and approvals, to the extent that the failure
is due to financial limitations of the RGH Facilities or to the design or construction of the RGH Facilities, or is attributable
to acts, errors or omissions of RGH or its agents (other than Manager or Manager’s employees or contractors).

8.2Compliance
for Charges for Services. Manager shall oversee compliance with all laws, regulations and payer contract or program requirements
concerning coding, billing, charging, collecting and reporting on fees received for services of or provided in the RGH Facilities. 

8.3Accreditation.
Manager shall use its commercially reasonable efforts to manage the RGH Facilities in the manner necessary to maintain accreditation
by The Joint Commission or any other similar applicable accreditation organization. 

8.4No
Violation. Neither RGH nor Manager shall knowingly cause or permit any action that shall (i) cause any governmental authority having
jurisdiction over the operation of the RGH Facilities to institute any proceeding for the rescission, suspension, or revocation
of any license, permit, consent, or approval; (ii) cause the Joint Commission or any other similar applicable accreditation organization
to institute any proceeding or action to revoke its accreditation of the RGH Facilities; (iii) cause a termination of, or adversely
affect, RGH’s participation in Medicare, Medicaid, Blue Cross, or any other public or private medical payment program; or
(iv) cause RGH to violate or default under any of its legal obligations under debt financings. RGH, and not Manager, shall bear
sole responsibility for non-compliance with this section if non-compliance was due to insufficient funds or acts, errors or omissions
by RGH Personnel.  

9.Limitations
on Manager’s Exercise of Duties. 

9.1Limitations
on Manager’s Exercise of Duties. 

(a)Except
as contemplated by the Strategic Plan and Budget or as the Governing Body or its designee may specifically authorize in writing
from time to time, Manager shall not have the authority to undertake the following, on RGH’s behalf, without the advance
written consent of the Governing Body (or its designee authorized in writing): 

(1)Purchase
capital assets or incur expenses (other than consistent with the Strategic Plan and Budget) in excess of $50,000 or such higher
amount as may be authorized by RGH. 

(2)Incur
debt on behalf of RGH; 

(3)Encumber
RGH property, or sell or dispose of any material assets having a value in excess of $25,000; 

10

(4)Approve
or undertake any other matters required by law to be approved by RGH’s Governing Body; 

(5)File
or settle litigation; 

(6)Grant
any person any rights with respect to ownership of, or limiting the activities of, the RGH Facilities; or 

(b)Except
as set forth in the Strategic Plan and Budget, RGH shall have the ultimate authority to decide, in its sole and absolute discretion,
whether to approve, disapprove or undertake any of the above listed items.  However, RGH agrees to consult and cooperate with
Manager in good faith concerning any decisions related to the above listed items. The following list includes general items that
require Board approval: 

1.Adopting
or amending employee equity and benefit plans 

2.Hiring
or firing senior officers or key employees 

3.Entering
into employment agreements, or amending the terms of employment, for senior officers 

4.Borrowing
or lending money 

5.Adopting
an annual budget 

6.Entering
into agreements of material importance to the corporation (e.g., financing agreements, material license agreements and leases) 

7.Any
expenses of greater than $50,000.00 (Fifty Thousand Dollars) 

10.Defense
of Claims; Exculpation. 

10.1RGH. 

(a)RGH
agrees to indemnify, defend and hold harmless Manager, including its “advisors” (selected by Manager and accepted by
RGH), affiliates, subsidiaries, successors and assigns, and any employee, agent, officer, director, shareholders, manager, representative,
attorney, or independent contractors, including but not limited to Senior Executives and their employer and its affiliates (together,
the “SE Employer”), and direct or indirect equity holder of Manager, and any person who controls Manager (any or all
of the foregoing hereinafter a “Manager Indemnified Person”), from and against any losses, damages, liabilities, deficiencies,
claims, actions, suits, proceedings, judgments, settlements, interest, awards, penalties, fines, costs, or expenses (including
reasonable attorneys’ fees and costs of defense), joint or several, of any kind or nature whatsoever (collectively, “Claims”)
that may be incurred by or asserted against Manager or a Manager Indemnified Person (whether or not Manager or a Manager Indemnified
Person is party  

11

to such Claims) to the extent they result from,
arise out of, or are in any way related to, the following, in each case as finally determined by an arbitrator:

(1)the
breach or non-fulfillment or violation by RGH or any of its Representatives of any of the covenants, duties, obligations, representations
or warranties of RGH set forth in this Agreement; 

(2)any
actions or omissions of RGH or its affiliates, subsidiaries, successors, assigns, employees, agents, officers, directors, managers,
advisors, representatives, attorneys, independent contractors (respectively, “Representatives,” but for the avoidance
of doubt specifically excluding Manager, SE Employer and Manager Indemnified Persons), including without limitation actions or
omissions arising out of the negligence, gross negligence, recklessness, or willful misconduct of RGH or its Representatives  related
to this Agreement; 

(3)any
failure by RGH or any of its Representatives to comply with any applicable federal, state or local laws, regulations or codes in
the performance of its obligations under this Agreement; 

(4)Manager’s
or any Manager Indemnified Person’s involvement in, in any manner including without limitation the management of, oversight
of or operation of, the RGH Facilities or any other errors, actions or omissions of Manager or any Manager Indemnified Person; 

(5)any
claim which is brought or asserted by third parties against Manager or any Manager Indemnified Person relating to this Agreement
or RGH’s ownership or operation of the RGH Facilities, including without limitation the use of any real or tangible property
in connection with the RGH Facilities; or 

(6)any
bodily injury, death of any person or damage to real or tangible property caused by the acts or omissions of RGH or any of its
Representatives. 

(b)Furthermore,
RGH agrees to reimburse Manager, as incurred and upon demand by Manager, for legal or other expenses reasonably incurred by Manager
or a Manager Indemnified Person in connection with investigating, defending or preparing to defend any such Claims (including without
limitation in connection with the enforcement of the indemnification obligations set forth herein), whether or not Manager or any
Manager Indemnified Person is a party to any Claims out of which any such expenses arise and whether or not such Claims are brought
by RGH, its Representatives or any other person or entity. 

(c)However,
RGH shall not be obligated under the foregoing indemnity agreement in respect to any Claims (a) to the extent such Claims resulted
in whole or in part from the gross negligence, willful misconduct or fraud of Manager or a Manager Indemnified Person; (b) by one
Manager Indemnified Person against another relating to activities of such parties pursuant to the  

12

Agreement; or (c) arising from (i) felony criminal
activity that any Senior Executive or Manager Indemnified Person directly participated in or (ii) other acts indemnifiable by Manager,
in each such case (other than with respect to felony criminal acts), as finally determined by an arbitrator.

(d)The
reimbursement and indemnity obligations of RGH under this Agreement shall be in addition to any liability RGH may otherwise have;
shall extend upon the same terms and conditions to the Manager Indemnified Persons, and shall be binding upon and inure to the
benefit of any successors, assigns, heirs, and personal representatives of RGH, or of Manager or any Manager Indemnified Persons. 

10.2Manager.
Manager shall indemnify, defend, and hold harmless RGH including its affiliates, subcontractors, successors and assigns and any
employee, agent, officer, director, manager, representative, attorney or independent contractor (“RGH Indemnified Persons”)
against any Claims (including reasonable attorneys’ fees and costs of defense) to the extent that they result from the felony
criminal acts that Manager Indemnified Persons directly participated in, willful misconduct, gross negligence or fraud of Manager,
in each such case (other than with respect to felony criminal acts which shall require final judgment by a court of competent jurisdiction
(not subject to further appeal)), as finally determined by an arbitrator. A Manager Indemnified Person shall not be liable for
any act or omission of any other Manager Indemnified Person other than its own officers, directors, employees and subcontractors.
In addition, Manager shall not be obligated under the foregoing indemnity agreement in respect to any Claims (a) to the extent
such Claims resulted in whole or in part   from the gross negligence, willful misconduct or fraud of RGH or a RGH Indemnified
Person (b) by one RGH Indemnified Person against another relating to activities of such  parties pursuant to the Agreement;
or (c) arising from (i) felony criminal activity that  any RGH Indemnified Person directly participated in or (ii) other acts
indemnifiable by RGH, in each such case (other than with respect to felony criminal acts) as finally determined by an arbitrator.
The Manager Indemnified Persons shall not be liable for any act, error, omission or delay taken at the specific direction or with
the express approval of the Governing Body to take action or the failure of the Governing Body to take action.  

10.3Procedure. 

(a)In
the event that any Party hereunder shall receive any notice of any claim or proceeding against said Party in respect to which indemnity
may be sought under this Agreement, the said Party (“Indemnitee”) shall give the Party upon whom   a claim
could be made under this Agreement (“Indemnitor”) written notice of such loss, liability, claim, damage, or expense
and the Indemnitor shall have the right to contest and defend any action brought against the Indemnitee based thereon, and shall
have the right to contest and defend any such action in the name of the Indemnitee at the Indemnitor’s own expense; provided,
however, that if the Indemnitor shall fail to assume the defense and notify the Indemnitee of the assumption of the defense of
any such action within ten (10) days of the giving of such notice by the Indemnitee, then the Indemnitee shall have the right to
take any such action as it reasonably deems appropriate to defend, contest, settle, or compromise any such action or assessment
and claim indemnification as provided herein; provided, however, that no Party shall settle any such action without the consent
of the  

13

other applicable Party (which consent shall
not be unreasonably withheld) unless such settlement involves only the payment of money and the claimant provides the Indemnitee
a release from all liability in respect of such claim. If the Indemnitor defends any action for which indemnification is claimed,
the Indemnitee shall be entitled to participate at its own expense in the defense of such action; and further, provided, however,
that the Indemnitor shall bear the fees  and expense of the Indemnitee’s counsel only if (i) the engagement of such
counsel is specifically authorized in writing by the Indemnitor, (ii) the Indemnitor is not adequately prosecuting the defense
in good faith, or (iii) the named parties to such action include both the Indemnitor and the Indemnitee and there exists a conflict
or divergence of interest between such parties which renders it inappropriate for counsel selected by the Indemnitor to represent
both of  such parties. The Indemnitor shall not be liable for any settlement of any claim, action, or proceeding effected
without its written consent. No Party shall recover an amount in excess of the actual damages incurred.

(b)Notice
of all claims as required by this Agreement shall be promptly provided as to (i) the nature of any claim; or (ii) the commencement
of any suitor proceeding brought to enforce any claim. In the event of failure to provide such notice or in the event that Indemnitee
shall fail to cooperate fully with the Indemnitor in the Indemnitor’s defense of any suit or proceeding, the Indemnitor shall
be released from some or all of its obligations with respect to that suit or proceeding to the extent that the failure of notice
or cooperation actually and materially adversely affected the Indemnitor’s defense of such claims. 

10.4Indemnification
of Senior Executives. In addition to, and without limiting the indemnification described above, RGH shall indemnify the Senior
Executives who will be acting as officers of RGH to the same extent and subject to the same conditions as the most favorable indemnification
it extends to its officers or directors, whether under RGH's charter, bylaws, by contract or otherwise. 

10.5Exculpation
of Senior Executives and SE Employer. Though the Senior Executives may continue to be employed by and associated with the Manager
or SE Employer and its affiliates while providing services described hereunder, with respect to RGH and RGH, the Senior Executives
shall serve at the pleasure and direction of the Manager and/or Governing Body and neither the SE Employer, any Senior Executive
nor any of their respective affiliates shall have any liability to RGH or RGH for any acts or omissions of the Senior Executives,
notwithstanding that SE Employer may receive compensation from Manager for making the Senior Executives available to serve in such
capacity (and RGH and RGH expressly waive and agree not to assert any claim of respondent superior or similar legal theory which
might otherwise hold SE Employer or its affiliates liable for the acts or omissions  of the Senior Executives), except to
the extent that any such Claims result primarily and directly from such Senior Executive’s felony criminal acts, willful
misconduct, gross negligence or fraud in each such case (other than with respect to felony criminal acts which shall require final
judgment by a court of competent jurisdiction (not subject to further appeal)), as finally determined by an arbitrator. 

14

11.Access
to Records. 

11.1Access
to Records. 

(a)Manager
shall provide to the Governing Body, RGH’s auditors and accountants, RGH’s fiscal intermediaries, and accountants and
agents for the Medicare and Medicaid programs or any other governmental authority exercising legal and appropriate authority, access
to all lawfully required records for a period of seven (7) years after the furnishing of services under this Agreement. 

(b)Until
the expiration of four (4) years after the furnishing of Management Services pursuant to this Agreement, the Parties shall, upon
written request, make available to the Secretary of Health and Human Services (the “Secretary”) or the Comptroller
General, or their duly authorized representative(s), contract, books, documents, and records related to this Agreement and necessary
to verify the nature and extent of the cost of such Management Services. If any Party carries out any of its obligations under
this Agreement by means of a subcontract with a value of $100,000 or more, that Party agrees to include this requirement in any
such subcontract. The availability of books, documents, and records shall be subject at all times to all applicable legal requirements,
including without limitation such criteria and procedures for seeking and obtaining access that may be promulgated by the Secretary
by regulation. Neither Party shall be construed to have waived any applicable attorney-client privilege by virtue of this Section. 

11.2Exercise
of Right of Access. The foregoing rights of access shall be exercisable through a written request, upon which Manager and its subcontractors
shall give access to the above contracts, books, documents, and records from time to time during reasonable business hours. 

12.Management
Fee. 

12.1Management
Fees. In consideration for the Management Services provided by Manager under this Agreement, RGH shall pay Manager as follows (collectively,
the “Management Fees”): 

(a)A
total annual base fee (the “Base Fee”) equal to Twelve Percent (12%) of all collected cash revenues for each fiscal
year of this agreement.  Manager will be paid the Management Fee on a weekly basis for the preceding week’s total cash
and settlements collected from all sources. Manager is authorized to withdraw this fee on a weekly basis and will present an invoice
concurrently, based on the preceding week's collected settlement reports. However, Manager must first ensure Hospital payroll is
met as its’ highest priority before cash is withdrawn to pay Manager’s fees. If funds are insufficient to cover all
or part of Manger’s fees, the balance due will be deferred as owed but carried as a deferred expense due Manager. When, in
Manager’s best business judgement, sufficient funds become available to pay off all or part of fees incurred and still owing,
Manager will pay down all or part of the balance of fees owed using prudent business judgement and discretion. In no case shall
Manager forgive fees due for management services rendered.  

15

(b)An
incentive or success fee (the “Incentive Fee”) to be negotiated based on the achievement of certain mutually agreed
milestones.  

(c)IT
support and EMR services are not included in the management fee and will be offered to RGH by separate agreement.  

12.2Arm’s
Length Transaction. The Parties have negotiated the Management Fees at arm’s length, assisted by professional financial advisers.
They believe that the management fees are consistent with fair market value and comply with law. 

13.Breach.
In the event of a breach of any obligation or covenant under this Agreement, other than the obligation to pay money (which shall
have a thirty (30) day cure period), the non-breaching Party may give the breaching Party written notice of the specifics of the
breach, and the breaching Party shall have sixty (60) days (the “Cure Period”) in which to cure the breach; provided,
that for any non-monetary defaults reasonably requiring greater than ninety (90) days to cure, the breaching Party shall not be
in default so long as the breaching Party commences to cure such default within the required sixty (60) days and diligently prosecutes
 such cure to completion thereafter. Only if the breach is not cured within said Cure Period shall the non-breaching Party
be entitled to pursue any remedies it may have by reason of the breach.  A waiver of any breach of this Agreement shall not
constitute a waiver of any future breaches of this Agreement, whether of a similar or dissimilar nature. 

14.Term.
The term of this Agreement (“Term”) shall commence and be deemed effective as of the Effective Date, and continue for
an initial ten (10) year period, and shall automatically renew for one (1) additional five (5) year period unless a Party provides
at least one hundred eighty (180) days prior written notice of nonrenewal to the other party. Thereafter, this Agreement may be
renewed upon prior written agreement of the Parties. Any renewal periods shall be deemed a part of the Term.   

In the event of and regardless of a Change
of Control or merger or sale of the Hospital, this Management and Administrative Service Agreement will be assigned and
assumed by the new owner or controlling entity as part of the transaction or event and continue in full force and effect through
the end of the term and renewals.  iHealthcare Inc reserves all rights to this agreement in the event of such an occurrence.  

15.Dispute
Resolution and Remedies. 

15.1Resolution
by Management. The Parties’ respective management teams shall attempt, in good faith, to privately and confidentially resolve
any dispute, controversy or claim arising under this Agreement (a “Dispute”). In the event the Parties are unable to
resolve the Dispute after negotiating in good faith for thirty (30) days following written notice of the Dispute served on a Party,
either Party may refer such Dispute to RGH and the CEO of Manager for resolution.  

15.2Arbitration.
IF A DISPUTE ARISES, THE PARTIES WILL: (a) RESOLVE ALL DISPUTES BY BINDING ARBITRATION HELD IN MIAMI-DADE COUNTY, FLORIDA BEFORE
A SINGLE ARBITRATOR FROM JUDICIAL ARBITRATION AND MEDIATION SERVICES, INC. (“JAMS”); AND (b) WAIVE ANY RIGHT TO CIVIL
TRIAL BY JUDGE OR JURY.  Notwithstanding the foregoing, all claims alleging violation of this agreement, restrictive  

16

covenants, mishandling of Confidential Information,
or transgression of intellectual property rights, shall be subject to the exclusive jurisdiction, in Miami, Florida, of either
the Florida state courts or the US District Court.  Before accepting appointment, the arbitrator shall agree: (a) that the
arbitrator’s award shall be made within nine (9) months of the filing of a notice of intention (or demand) to arbitrate  (but
it may be extended by written agreement of the parties); (b) to base any decision or award on governing law; (c) to not award punitive
or other damages that are not measured by the prevailing party’s actual damages, except as may be required by statute; and
(d) to issue an award in writing within ten (10) days of concluding the presentation of evidence and briefs.  Judgment may
be entered in any court having jurisdiction thereof.  The prevailing party shall be entitled to recover from the other party
its costs and expenses, including reasonable attorney’s fees.

15.3LIMITATION
OF LIABILITY.  NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT
DAMAGES, NOR THE COST OF PROCURING SUBSTITUTE ITEMS OR SERVICES, ARISING FROM OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS
OF ANY NOTICE OF THE POSSIBILITY OF SUCH DAMAGES.  IN NO EVENT WILL MANAGER BE LIABLE TO CLIENT FOR SPECIAL OR CONSEQUENTIAL
DAMAGES ARISING FROM THE PROVISIONS AND THE PERFORMANCE OF SERVICES BY MANAGER UNDER THIS AGREEMENT, EVEN IF MANAGER HAS BEEN ADVISED
OF THE POSSIBILITY OF SUCH DAMAGES. FURTHER, THE TOTAL LIABILITY OF MANAGER UNDER THIS AGREEMENT, FOR ANY AND ALL CAUSES, WILL
BE LIMITED, AND MANAGER’S TOTAL LIABILITY WILL NEVER EXCEED THE SUM OF TWENTY PERCENT [20%] OF ONE (1) MONTH AVERAGE MANAGEMENT
FEES.  

EXCEPT AS PROVIDED HEREIN, MANAGER DISCLAIMS ALL REPRESENTATIONS
AND WARRANTIES OF ANY KIND OR NATURE, EXPRESS OR IMPLIED [EITHER IN FACT OR BY OPERATION OF LAW], WITH RESPECT TO ANY ITEM OR SERVICE
PROVIDED HEREUNDER, INCLUDING BUT NOT LIMITED TO, ANY WARRANTY OF MERCHANTABILITY, TITLE, NON-INFRIGEMENT, OR FITNESS FOR A PARTICULAR
PURPOSE OR ANY WARRANTY ARISING FROM CONDUCT, COURSE OF DEALING, CUSTOM, OR USAGE IN TRADE. No claim against MANAGER of any kind
under any circumstances will be filed more than one year after RGH knows of, or in the exercise of reasonable care, could know
of, such claim or an act or omission of MANAGER that would give rise to such a claim.

15.4Remedies.
The arbitrator may grant as remedies in connection with an outstanding Dispute: (a) a required Corrective Action Plan for Manager’s
performance of the Management Services, (b) specific performance of this Agreement, (c) full payment by RGH to Manager in accordance
with the terms hereof, (d) a modification to the Performance Targets; (e) monetary indemnification in accordance with the terms
hereof, and/or (g) any other lawful and appropriate remedy, including termination of this Agreement. 

15.5Exclusive
Process. Except as otherwise set forth herein, the procedure set forth in this Section 15 shall be the Parties’ exclusive
process for resolution of all Disputes. 

16.Termination.
This Agreement may be terminated prior to the expiration of the Term only as follows, and any such termination shall not affect
any rights or obligations arising prior to the effective date of termination: 

16.1Termination
for Material Breach. 

17

(a)Notwithstanding
any provision contained herein, however, Manager shall not be liable to RGH and shall not be deemed to be in breach of this Agreement
for  the failure to perform any or all obligations to be performed by Manager pursuant to this Agreement, to the extent such
failure results from (i) governmental intervention, (ii) labor dispute, (iii) law, regulations, rules or reimbursement rules or
policies that actually prevent such performance, (iv) any other action or force majeure or event which is beyond the reasonable
control of Manager, or (v) any failure by RGH to perform, fund or meet any of RGH’s obligations hereunder; and provided that
Manager shall nevertheless be obligated duly to perform hereunder to the extent such performance remains feasible. 

16.2Bankruptcy
Insolvency. Manager shall be entitled to file a UCC for unpaid Management Fees. Manager may terminate this Agreement upon ten (10)
days written notice to RGH in the event RGH (or RGH’s sponsoring entity)  becomes insolvent or fails to pay, or admits
in writing its inability to pay, its debts as they  mature; or a trustee, receiver or other custodian is appointed for such
other party for all or a substantial part of such person’s property and is not discharged within sixty (60) days of appointment;
 or any bankruptcy reorganization, debt, arrangement, or other proceeding under  any bankruptcy or insolvency law or
any dissolution or liquidation proceeding is instituted by or against such person and if instituted against such person’s
is consented to or acquiesced in by such person or remains un-dismissed for sixty (60) days following the original filing; or any
warrant or attachment is issued against any substantial portion of the property of such person which is not released within sixty
(60) days of service; and RGH may likewise terminate if   any of the foregoing occurs with regard to Manager or iHealthcare
Management Company and this substantially impairs Manager’s ability to perform its obligations under this Agreement. 

17.Effects
of Termination. The termination of this Agreement for any reason shall be without prejudice to any payments or obligations
which may have been earned and accrued or become due to any Party hereunder prior to the date of termination. Notwithstanding anything
to the contrary herein, the following provisions shall survive any termination hereof: Sections 10 (Defense of Claims), 11 (Access
to Records), 12 (Management Fee), 15 (Disputes), 19 (Representation and Warranties) and 21 (Miscellaneous). In the event this Agreement
is terminated for any reason, RGH shall pay to Manager all unpaid fees then due.  

18.Transition
Services. In the event of termination of this Agreement prior to expiration for any reason other than insolvency or bankruptcy
of RGH, upon request of RGH, Manager shall be obligated to continue to provide RGH with the Management Services described herein
for a period of up to one hundred twenty (120) days after such termination or expiration of this Agreement (the “Transition
Period”), and during such Transition Period: (a) Provided  RGH shall continue to compensate Manager in accordance with
this Agreement, (b) Manager shall fully cooperate in order to ensure the orderly and efficient transfer of its functions hereunder
to RGH and/or another service provider; (c) Manager shall fully cooperate in order to ensure no disruption to patient care functions;
and (d) the Parties shall cooperate in order to resolve any outstanding operational, financial, legal or other matters arising
(including audits) from the period in which this Agreement was in effect. 

18

19.Representations
and Warranties. 

19.1Manager.
As of the Effective Date, Manager represents and warrants to RGH as follows: 

(a)Manager
is a Florida company duly organized, validly existing, and in good standing under the laws of the State of Florida. 

(b)Manager
has full authority to enter into and perform this Agreement, and the signature of Manager’s representative at the end hereof
signifies that this Agreement has been duly authorized, executed and delivered and represents a legal, valid and binding agreement
enforceable against Manager in accordance with its terms (subject only to customary limitations on the enforceability and availability
of remedies in accordance with principles of law and equity). 

(c)The
execution, delivery and performance of this Agreement by Manager does not (i) require any consent, waiver, approval, license or
authorization of any person or public authority which has not been obtained and is not presently in effect; (ii) to the knowledge
of Manager, violate any provision of law applicable to Manager; or (iii) conflict with or result in a default under, or create
any lien upon any of the property or assets of Manager under, any agreement or instrument; or (iv) violate any judicial or administrative
decree, contract, or other legal obligation to which Manager is subject or by which any of its assets are bound. 

(e)There
is no civil, criminal or administrative action, suit, demand, claim, hearing, proceeding or investigation pending or, to Manager’s
knowledge threatened against Manager that may materially delay or interfere with its entering into and fully and duly performing
this Agreement. 

(f)Neither
Manager nor, to the knowledge of Manager, any Manager personnel (including any Senior Executive) is a person excluded or barred
from the Medicare or Medicaid programs. 

19.2RGH.
As of the Effective Date, RGH represents and warrants to Manager as follows: 

(a)RGH
is a for-profit corporation duly organized, validly existing, and in good standing under the laws of the State of Florida. 

(b)RGH
has full authority to enter into and perform this Agreement, and the signature of RGH’s representative at the end hereof
signifies that this Agreement has been duly authorized, executed and delivered and represses a legal, valid and binding agreement
enforceable against RGH in accordance with its terms (subject only to customary limitations on the enforceability and availability
of remedies in accordance with principles of law and equity). 

(c)The
execution, delivery and performance of this Agreement by RGH does not (i) require any consent, waiver, approval, license or authorization
of any person or public authority which has not been obtained and is not presently in effect; (ii) violate any provision of law
applicable to RGH; or (iii) conflict with or result in a default under, or create any lien upon any of the property or assets of
RGH under, any agreement or instrument; or (iv) violate any judicial or administrative  

19

decree, contract, or other legal obligation
to which RGH is subject or by which any of its assets are bound.

(d)There
is no civil, criminal or administrative action, suit, demand, claim, hearing, proceeding or investigation pending or, to RGH’s
knowledge threatened against RGH that may materially delay or interfere with its entering into and fully and duly performing this
Agreement. 

20.Miscellaneous. 

20.1Non-Solicitation.
During the Term hereof and for a period of two  (2)  years after its expiration or termination for any reason RGH, on
behalf of itself and its subsidiaries and affiliates and any person which may acquire all or substantially all of its assets agrees
that, until two (2) years subsequent to the termination of this Agreement, it will not solicit, recruit, hire or otherwise engage
any Senior Executive or other employee of the Manager or SE Employer that provided services to RGH or Manager relating to RGH while
employed by SE Employer or its affiliates (“SE Employer Solicited Person”).  

20.2Public
Statements. Manager shall be authorized to make public statements about RGH, services provided and its relationship hereunder. 

20.3Use
of RGH Name. Manager may use the RGH or RGH Hospital names in a manner reasonably necessary or conducive to performing its services
hereunder.  

20.4Reimbursable
Expenses. During the Term, Manager shall be promptly reimbursed for all reasonable expenses (to the extent of and pursuant to RGH’s
expense reimbursement policy for other personnel and contractors) incurred by Manager or third parties Manager contracts with in
connection with the provision of the Management Services hereunder (e.g., Senior Executives), including, but not limited to transportation,
lodging, meals, travel and office expenses upon submission to RGH of invoices. Any such expenses, subject to this section, shall
require prior approval by RGH to be eligible for reimbursement. 

20.5Notices.
All notices, requests, demands and other communications  required or permitted to be given pursuant to this Agreement must
be in writing and shall be (i) delivered to the appropriate address by hand, by nationally recognized overnight service (costs
prepaid); (ii) sent by facsimile or email, or (iii) sent by registered or certified mail, return receipt requested, in each case
to the following addresses, facsimile numbers or email addresses and marked to the attention of the person (by name or title) designated
below (or to such other address, facsimile number, email address or person as a Party may designate by notice delivered to the
other Party in accordance with this Section: 

20

 

Manager:Executive
Vice President  

iHealthcare Management Company

                            3901
SW 28th Street 2nd Floor

                            Miami,
FL, 33142

 

RGH:
               Regional
General Hospital 

                             125
SW 7th Street,

                             Williston,
Florida 32696

 

All notices, requests, demands and other communications
shall be deemed have been duly given (as applicable): (A) if delivered by hand, when delivered by hand; (B) if delivered by UPS,
Federal Express, DHL or other nationally-recognized overnight delivery service, when delivered by such service; (C) if sent via
registered or certified mail, three (3) Business Days after being deposited in the mail, postage prepaid; or (D) if delivered by
email or facsimile, when transmitted if transmitted with confirmed delivery.

20.6Severability.
If any clause or provision of this Agreement  is  determined by a governmental body or a court having jurisdiction thereof
to be illegal, invalid, or unenforceable under any present or future law, then the Parties agree that the remaining provisions
of this Agreement that reasonably can be given effect apart from the illegal or unenforceable provision shall continue in effect
and there shall be substituted for such invalid or unenforceable provision a provision as similar as is feasible and yet would
be lawful. 

20.7Expenses.
Except as otherwise expressly provided herein, each Party will bear its own legal, accounting, and other fees and expenses relating
to the negotiation and preparation of this Agreement and the transactions contemplated hereby. 

20.8Public
Announcements. The time and content of any announcements, press releases, or other public statements concerning this Agreement
and the transactions described herein will be determined by a process agreed to by the Parties. 

20.9Waiver.
No failure on the part of any party hereto to exercise, and no delay in exercising, any right, power or remedy hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any right, power or remedy hereunder preclude any other
or further exercise thereof or the exercise of any other rights, power or remedy. 

20.10Captions.
The captions or titles of the sections herein have been included for convenience only and shall not be considered as part of this
Agreement. 

20.11Counterparts.
This Agreement may be signed in counterparts, each of which shall be deemed an original. Delivery of an executed counterpart of
a signature page to this Agreement by facsimile or in electronic (“pdf” or “tif”) format shall be effective
as delivery of a manually executed counterpart of this Agreement. 

21

20.12Force
Majeure. Manager shall not be deemed to be in violation hereunder for failure to perform any obligation contained in this Agreement
or for any incomplete performance hereunder for the time of and to the extent that such failure or incomplete performance is occasioned
by any cause or causes beyond the control of Manager, including, but not limited to, delays or failure in performance or non-performance
or interruption of services resulting directly or indirectly from acts of God, Acts of War (including Terrorist activities), civil
disorders, vandalism, fires, floods, weather, electrical failures, postal delays, inability to procure materials, sabotage, restrictive
governmental laws or regulations, labor actions or shortages, criminal activity of third parties,  loss of internet connectivity
or incomplete or inaccurate data input as supplied by RGH.    

20.13Consents.
Whenever under this Agreement provision is made for either Party’s securing the consent or approval of the other, such consent
or approval shall be in writing and (except as otherwise provided herein) shall not be unreasonably withheld, delayed, or conditioned. 

20.14Binding
Effect; Assignment. This Agreement is binding on, and is for the benefit of RGH and Manager and their successors, assigns, and
legal representatives (and Manager; iHealthcare Management Company). A Party shall not assign its rights or delegate its obligations
under this Agreement without the prior,  written consent of the other Party; provided, that, Manager may (upon written notice
to RGH) assign this Agreement to an affiliate of Manager, and/or to subcontract with any other parties for the performance of various
aspects of its obligations hereunder, provided  that Manager shall (a) adequately inform such subcontractors of their obligations
hereunder, (b) ensure that they fully comply herewith, and (c) remain fully responsible for the performance of any such assignee
and/or subcontractor. 

20.15Governing
Law. This Agreement shall be governed and construed according to the laws of the State of Florida, without giving effect to any
choice or conflict of law provision or rule thereof. 

20.16Further
Assurance. Each Party agrees to execute and deliver to the other such additional instruments, certificates, and documents as the
requesting Party may reasonably request in order to assist the requesting Party in obtaining the rights and benefits to which such
Party is entitled hereunder. 

20.17Third
Party Beneficiaries. The Manager Indemnified Persons, RGH Indemnified Persons, the Senior Executives and SE Employer are express
third party beneficiaries of the provisions of this Agreement that relate to them. 

20.18    Entire Agreement. This Agreement
(including exhibits and schedules) contain the entire agreement of the Parties with respect to the matters set forth herein and
supersede all prior negotiations and agreements, whether oral or written, concerning the subject matter hereof, all of which are
merged in this Agreement.

20.19
  Amendment and First Right of Refusal. This Agreement sets forth the entire understanding and agreement among the parties
hereto with reference to the subject matter hereof and may not be modified, amended, discharged or terminated except by a written
instrument signed by the parties hereto. First Right of Refusal:
 Landlord/Owner hereby grants to iHealthcare (iHCC) a first right of refusal to purchase the hospital property and
real estate during the term and any extensions of this Management and 

22

Administrative
Services Agreement.  If Landlord/Owner shall desire to sell the hospital property and real estate, and receives a bona fide
offer to purchase, Landlord/Owner shall give iHealthcare written notice of Landlord/Owner intention to sell Landlord/Owner interest
in the hospital property and real estate as contained in said offer to purchase. Such notice (Landlord/Owner Notice) shall
state the terms and conditions under which Landlord/Owner intends to sell its interest. For Sixty (60) business days following
the giving of such notice, iHealthcare shall have the option to purchase the Landlord/Owner interest as stated in the Landlord/Owner
Notice.  A written notice in substantially the following form, addressed to Landlord/Owner and signed by iHealthcare, within
the period for exercising the Option, shall be an effective exercise of iHealthcare Option to Purchase.

20.18Manager;
iHealthcare Management Company. In consideration for the potential benefits to iHealthcare Management Company, as sole member or
ultimate parent of Manager to be derived from the management fees and other benefits secured by Manager hereunder, iHealthcare
Management Company hereby agrees fully to ensure that Manager duly and timely fulfills its performance obligations, financial obligations,
indemnification obligations, and other obligations, under this Agreement. RGH retains Manager as the sole and exclusive executive
group and management agent during the term of this Agreement.  

 

                                                                    [Signature
Page Follows]

23

 

 

IN WITNESS WHEREOF, the Parties have caused
this Agreement to be executed as of January 7, 2019

 

Regional Health Partners, LLC d/b/a Regional General
Hospital:

By: /s/ Jorge Perez

Name: Jorge Perez    

Title: Chairman, Hospital Governing Body 

 

Manager - iHealthcare Management Company

 

By: /s/ Noel Mijares 

Name: Noel Mijares 

Title:     Chief Executive Officer

24

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