Document:

August 7,
2007

     

    American
Scientific Resources, Inc.

    83 South
Putt Corners Road

    New
Paltz, NY 12561

     

    Attn: Dr.
Christopher Tirotta, President & Chief Executive Officer

     

    Dear Dr.
Tirotta:

     

    Knightsbridge Holdings, LLC,
("Knightsbridge") is pleased to be retained on the terms and conditions set
forth in this letter of engagement ("Engagement Letter") as a consultant to your
company, American
Scientific Resources, Inc. (the "Company"), collectively (the
“Parties”).

     

    
      	
               
      

            	
              1.

            	
              Services:  For
      the Term of Engagement and with your general knowledge and consent, we
      agree to provide the following:

            

    

     

    * Obtain
for the Company a subordinated debt facility (504) in the amount of up to 1
Million Dollars.  The disbursements shall be based upon milestones to
be discussed with the Company and set by the Lender.  Knightsbridge
shall deliver a term sheet on commercially acceptable terms for such facility
within 5 business days from the execution of this Agreement.

     

    
      	
               
      

            	
              2.

            	
              Term of
      Engagement.  The Engagement shall be effective for a
      period of twelve (12) months commencing on the date first appearing above
      (the "Term of Engagement").

            

    

     

    
      	
               
      

            	
              3.

            	
              Compensation.  In
      consideration for the services rendered by Knightsbridge to the Company
      pursuant to the Engagement and throughout the Term of Engagement, the
      Company shall compensate Knightsbridge as
  follows:

            

    

     

    
      	
               
      

            	
              3.1

            	
              Financing Transactions
      (Knightsbridge Introduction).  For purposes of any
      Transactions involving any Financing Source or entity originally
      introduced directly or indirectly to the Company by Knightsbridge, and
      whether occurring during the Term of Engagement or during a period ending
      one (1) year following Termination, Compensation shall be payable to
      Knightsbridge upon the closing thereof in the amount of 4% of the consideration
      received by the Company.  Consideration shall include any type
      of benefit to the Company which can be
  quantified.

            

    

     

    
      	
               
      

            	
              3.2

            	
              Equity-Based
      Compensation.  Company and Knightsbridge agree that upon
      the initial close of a Transaction, Knightsbridge shall receive Pro-Rata common shares
      of the Company up to 200,000 Common Shares for every One Million of
      Consideration received by the Company. The shares owned by Knightsbridge
      shall have piggyback registration rights and carry full ratchet
      anti-dilution provisions for one year from the date of issuance with
      quarterly look backs during this
period.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              4.

            	
              Role of
      Finder.  In connection with any Financing Transactions
      hereunder, the Company acknowledges that Knightsbridge is not a registered
      broker-dealer under Section 15A of the U.S. Securities Exchange Act of
      1934, or any similar state law, and that Knightsbridge cannot, and shall
      not be required hereunder to, engage in the offer or sale of securities
      for or on behalf of the Company.  While Knightsbridge has
      preexisting relationships and contacts with various investors, registered
      broker-dealers and investment funds, Knightsbridge's participation in any
      actual or proposed offer or sale of Company securities shall be limited to
      that of an advisor to the Company and, if applicable, a "finder" of
      investors, broker-dealers and/or funds. The Company acknowledges and
      agrees that the solicitation and consummation of any purchases of the
      Company's securities shall be handled by the Company or one or more NASD
      member firms engaged by the Company for such
  purposes.

            

    

     

    
      	
               
      

            	
              5.

            	
              Reliance by
      Knightsbridge on Accuracy of Information; 12(b)5
      Representation.  The Company recognizes and acknowledges
      that, in advising the Company and in fulfilling the Engagement hereunder,
      Knightsbridge will use and rely on data, material and other information
      furnished to Knightsbridge by the Company.  The Company agrees
      that Knightsbridge may do so without independently verifying the accuracy
      or completeness of such data, material or other
      information.  The Company represents and warrants that any such
      data, material or information shall be true and accurate and shall not, as
      of the time communicated, contain any untrue statement of a material fact
      or omit to state a material fact required to be stated therein or
      necessary in order to make the statements therein, in light of the
      circumstances under which they were made, not
  misleading.

            

    

     

    
      	
               
      

            	
              6.

            	
              Indemnification.  Each
      party (an "Indemnifying Party") hereby agrees to indemnify and hold the
      other party and its respective affiliates, directors, officers, employees
      and agents (collectively, the "Indemnified Parties") harmless from, and to
      reimburse each of the Indemnified Parties for, any loss, damage,
      deficiency, claim, obligation, suit, action, fee, cost or expense of any
      nature whatsoever (including, but not limited to, reasonable attorney’s
      fees and costs) arising out of, based upon or resulting from any breach of
      any of the representations, warranties, covenants, agreements or
      undertakings of the Indemnifying Party contained in or made pursuant to
      this Engagement Letter.

            

    

     

    
      	
               
      

            	
              7.

            	
              Miscellaneous.

            

    

     

    
      	
               
      

            	
              (a)

            	
              This
      Engagement Letter constitutes the entire agreement and understanding of
      the parties hereto, and supersedes any and all previous agreements and
      understandings, whether oral or written, between the parties with respect
      to the matters set forth herein.

            

    

     

    
      	
               
      

            	
              (b)

            	
              Any
      notice or communication permitted or required hereunder shall be in
      writing and shall be deemed sufficiently given if hand-delivered via
      courier or overnight service or sent (i) postage prepaid by registered
      mail, return receipt requested, to the respective parties corporate
      address.

            

    

     

    
      	
               
      

            	
              (c)

            	
              The
      Engagement Letter shall be binding upon and inure to the benefit of each
      of the parties hereto and their respective successors, legal
      representatives and assigns.

            

    

     

    
      	
               
      

            	
              (d)

            	
              The
      Company represents that it has the power to enter into this Engagement
      Letter and to carry out its obligations hereunder.  This
      Engagement Letter constitutes the valid and binding obligation of the
      Company and is enforceable in accordance with its terms.  The
      Company further represents that this Engagement Letter does not conflict
      with or breach any agreement to which it is subject or by which it is
      bound.

            

    

     

    
      	
               
      

            	
              (e)

            	
              This
      Engagement Letter may be executed in any number of counterparts, each of
      which together shall constitute one and the same original document, each
      of which together shall constitute one and the same original
      document.

            

    

     

    
      
         

      

      
        Page
2

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (e)

            	
              No
      provision of this Engagement Letter may be amended, modified or waived,
      except in writing signed by all of the parties
  hereto.

            

    

     

    
      	
               
      

            	
              (g)

            	
              This
      Engagement Letter shall be construed in accordance with and governed by
      the laws of the State of Florida, without giving effect to its conflict of
      law principles.  The parties hereby agree that any dispute which
      may arise between them arising out of or in connection with this
      Engagement Letter shall be adjudicated before a court located in Dade
      County Florida, and they hereby submit to the exclusive jurisdiction of
      the courts of the State of Florida located in Dade County, Florida and of
      the federal courts in the Southern District of Florida with respect to any
      action or legal proceeding commenced by any party.  Company
      agrees to waive a trial by jury for any dispute requiring adjudication
      before a court of law.

            

    

     

    
      	
               
      

            	
              (h)

            	
              The
      Company hereby acknowledges that it shall bear the burden of proof in any
      action or proceeding involving a claim by Knightsbridge to any Additional
      Compensation due hereunder arising out of any Compensable Event involving
      a third party claimed by Knightsbridge to have been originally introduced
      to the Company by Knightsbridge.

            

    

     

    If the
foregoing correctly sets forth the understanding between Knightsbridge and the
Company with respect to the foregoing, please so indicate by signing in the
place provided below, at which time this Engagement Letter shall become a
binding agreement.

     

    
      
        
          	
                  KNIGHTSBRIDGE
      HOLDINGS, LLC.

                
	 
      	 
      
	
                  By:

                	 
      
	 
      	
                  Alyce
      B. Schreiber

                
	 
      	
                  Managing
      Member

                

        

      

    

     

    Accepted
and Agreed:

     

    
      
        
          
            
              
                
                  
                    
                      	
                              AMERICAN
      SCIENTIFIC RESOURCES, INC.

                            
	 
      	 
      
	
                              By:

                            	
                              

                            
	 	 
	
                              Name:

                            	
                              Dr. Christopher Tirotta

                            
	 	 
	
                              Title:

                            	
                              President & CEO

                            
	 	 
	
                              Date:  8/21/09

                            

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        Page
3MEDIA
PRODUCTION AND PLACEMENT SERVICES AGREEMENT

    

    This Media Production and Placement
Services Agreement (the “Agreement”) is entered into on the date indicated on
the signature page (the “Effective Date”), and is by and between Media4Equity
LLC, a Nevada limited liability company (hereinafter referred to as “M4E”) and
American Scientific Resources, Inc. ( hereinafter referred to as the “Company”)
(Company and M4E are herein referred to collectively as the
“Parties”).

     

    Whereas, M4E produces and distributes
nationally syndicated print and radio features for its clients in exchange for
equity in its clients’ businesses; and

     

    Whereas, M4E wishes to accept the
Company as a client; and

     

    Whereas,
the Company desires to further develop and promote its general business,
technologies, and/or products and services in order to enhance overall brand
awareness, stimulate new business, and build long-term value for its
shareholders; and

     

    Whereas, the Company desires to utilize
M4E’s services to act as production and placement agency for Company's print and
broadcast media campaign.

     

    NOW, THEREFORE, in consideration of the
mutual promises and covenants set forth herein, and other good and valuable
consideration, the Parties agree as follows:

     

    
      	
              1.

            	
              Media
      Credit

            

    

    M4E
hereby provides the Company with a guaranteed dollar value of national media
exposure (the “Media Credit”), which Media Credit shall be reduced by the “Media
Value” of features placed, as further defined in Section 3(c), below, of
placements of print and radio features obtained by M4E on behalf of
Company.  The value of the Media Credit shall be equivalent to two
million dollars ($2,000,000 US) in Media Value.

     

    
      	
              2.

            	
              Media
      Campaign

            

    

    
      	
               

            	
              a)

            	
              Consultation.  M4E
      shall consult with Company regarding the content of the media
      campaign.  M4E shall develop, write, edit and deliver proofs of
      any and all print media and any radio scripts (collectively referred to
      herein as the “Copy,” and all placements throughout the term of the
      Agreement referred to as the “Campaign”) to the Company for inspection and
      approval.  No print or radio feature shall be distributed
      without Company’s prior written approval.   M4E shall not
      be liable for the Company’s failure to review and approve Copy on a timely
      basis, or for any actions or inactions of the Company.  Parties
      agree that the Campaign shall commence no later than 12 months from the
      Effective Date and shall terminate upon the earlier to occur of the Media
      Credit being redeemed in its entirety or three (3) years from the
      Effective Date (the “Redemption
Period”).

            

    

    
      	
               
      

            	
              b)

            	
              Content.

            

    

    
      	
               
      

            	
              (i)

            	
              Print
      Features.  Each Print Feature shall consist of a news
      story that features the Company’s name, products and/or service, contact
      information, web address and such other information as the Company may
      approve.

            

    

    
      	
               
      

            	
              (ii)

            	
              Radio Features. Each
      Radio Feature shall consist of two, 30-second nationally syndicated radio
      scripts under one heading.  Each Radio Feature will be
      specifically about the Company and written and read by radio media
      professionals.

            

    

    
      	
               
      

            	
              c)

            	
              Distribution.

            

    

    
      	
               
      

            	
              (i)

            	
              All
      print media approved by Company for distribution pursuant to Section 2(a)
      hereof, shall be distributed on computer disks, by direct electronic feed,
      in a hard copy camera-ready format and/or over the Internet to over ten
      thousand (10,000) daily and weekly newspapers, news, and wire services,
      which may publish the features, at their sole discretion, free of
      copyright, fees or other charges.

            

    

    
      	
               
      

            	
              (ii)

            	
              All
      radio features, formatted as either scripts and/or audio recordings, shall
      be sent directly, and/or indirectly via radio networks, to over six
      thousand (6,000) radio stations in the United
  States.

            

    

     

    
      	
              3.

            	
              M4E
      Performance

            

    

    
      	
               
      

            	
              a)

            	
              Redemption of Media
      Credit.  Upon Company’s request, further pursuant to the
      guidelines detailed herein, M4E shall submit for Company review and
      approval Copy for the first print or radio feature within five business
      days of such request.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              b)

            	
              Production/Distribution/Publication.
      During the Redemption Period M4E shall produce, distribute and gain
      placement/publication of nationally syndicated newspaper features and/or
      nationally syndicated radio features (final recordings to be provided to
      Company upon completion by M4E) on behalf of Company.  Each
      published feature shall be ascribed a Media Value, and the Media Value of
      all respective features shall be applied against and reduce the Media
      Credit.  The entire value of the Media Credit shall be utilized
      within two (2) years, commencing on the date the Company first reviews and
      approves copy pursuant to Section 2(a) herein, and in no case commencing
      later than one (1) year from the Effective Date
  hereof.

            

    

    
      	
               
      

            	
              c)

            	
              Media Value.
      For purposes of this Agreement, the Media Value of each aired radio
      feature and each published newspaper feature shall be equivalent to each
      respective radio station’s or newspaper’s official ad rate pricing
      policies.  Estimated number of placements, and the Media Value
      derived therefrom, are extrapolated using the industry-standard formula as
      researched and published in “The Handbook of Public Relations and
      Communications, Fifth Edition, 1998” by Philip
  Lesly.

            

    

    
      	
               
      

            	
              d)

            	
              Reduction of Media
      Credit. The Media Value of all published news features and all
      broadcasted radio features shall reduce the Media Credit, notwithstanding
      any Company error in Copy approval or any subsequent editing by
      newspapers, radio broadcasters, or any other third
  parties.

            

    

    
      	
               
      

            	
              e)

            	
              “Media
      Placement Guarantee.” M4E guarantees that the aggregate Media Value
      of all published print and all broadcast radio features shall be equal to
      or greater than the Media Credit created by this Agreement.  In
      the event that the Minimum Placement Guarantee is not met by the end of
      the Term, M4E shall create additional, and/or re-distribute existing
      features at no cost to the Company until the Media Placement Guarantee is
      fully reached.

            

    

    
      	
               
      

            	
              f)

            	
              Reports. M4E
      shall deliver weekly reports to the Company beginning ten (10) weeks from
      the distribution date of each print and radio feature, and continuing for
      a period of one (1) year. Reports shall include Media Value, estimated
      listener and readership information, and actual newspaper clippings of all
      reported published print features.

            

    

     

    
      	
              4.

            	
              Company
      Performance

            

    

    
      	
               
      

            	
              a)

            	
              Redemption of Media
      Credit.  The Company shall have one (1) year to begin
      Campaign and thereby commence redemption of the Media
      Credit.  Once commenced, the redemption of the Media Credit must
      be completed within two (2) years.

            

    

    
      	
               
      

            	
              b)

            	
              Consultation and
      Cooperation.  The Company shall consult with M4E pursuant
      to Section 2(a) herein and use its best reasonable efforts to provide M4E
      with information necessary to write Copy for the Campaign and to ensure
      the Company’s review of same.

            

    

    
      	
               
      

            	
              c)

            	
              Timeliness.  The
      Company shall make a good faith effort to approve or submit corrections to
      all Copy within seventy-two (72) hours of receipt
      thereof.  Failure of Company to approve or return corrected Copy
      within one (1) week of receipt by Company shall constitute a material
      breach of this Agreement.

            

    

     

    
      	
              5.

            	
              Issuance
      Of Shares

            

    

    
      	
               
      

            	
              a)

            	
              Payment.  In
      consideration of M4E’s commitment of the Media Credit, the Company shall
      transfer to M4E, and/or its designee(s) listed in “Exhibit A,” attached
      hereto, within five business days of the Effective Date five million
      (5,000,000) restricted shares of Company’s common stock (“Compensation
      Shares”), which are hereby valued at $0.001 per share.  M4E’s
      performance hereunder is contingent upon Company’s timely transfer of
      Compensation Shares.

            

    

    
      	
               
      

            	
              b)

            	
              Transfer Agent
      Instructions.  Upon the execution of this Agreement, the
      Company shall issue instructions to the Company’s transfer agent (attached
      hereto as “Exhibit A”) effecting the provisions of Section 6(a) herein.
      Failure of Company to fully perform Section 6(a) or this Section 5(b)
      shall be a material breach and shall excuse any further performance by M4E
      under this Agreement.

            

    

    
      	
               
      

            	
              c)

            	
              Nature of Compensation
      Shares. The Parties acknowledge and agree that: (i) the rights and
      obligations defined by this Agreement become binding upon execution of
      this Agreement; and (ii) the consideration for all Compensation Shares
      transferred hereby, regardless of the date of transfer, is represented
      solely by M4E’s obligations hereunder, and M4E’s interest in all
      Compensation Shares transferred hereunder immediately and irrevocably
      vests in M4E upon the execution of this Agreement; and  (iii)
      the effective date of all Compensation Shares transferred hereby,
      regardless of the actual date of transfer, shall be the Effective Date
      hereof, and the tolling of any and all time periods relating to the
      Shares, including but not limited to those relating to any restriction,
      shall be calculated from the Effective Date hereof; and (iv) all
      Compensation Shares transferred hereby shall be fully paid, non
      assessable, common shares of the
Company;

            

    

    
      	
               
      

            	
              (v)
      the number of Compensation Shares shall be adjusted for any stock splits,
      stock dividends, combinations, recapitalizations and the like; and
      (vi)  no Shares transferred hereby shall be blocked in any way
      or subject to rescission or cancellation for any
  reason.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              d)

            	
              Intrinsic Value of
      Compensation Shares. The Parties acknowledge and agree: (i) the
      market value of Company shares, calculated using a price quoted on the
      exchange on which such shares trade, may not necessarily reflect a true
      and accurate valuation of the Shares; (ii) the Media Value may bear no
      relationship to the current or future value of the Compensation
      Shares.

            

    

    
      	
               
      

            	
              e)

            	
              Securities
      Documentation. M4E agrees to submit with an executed copy of this
      Agreement any such documentation, including but not limited to a
      Confidential Investor Questionnaire and Subscription Agreement, as
      Company’s counsel may deem necessary to comply with applicable securities
      laws related to the issuance of the Compensation
  Shares.

            

    

    
      	
               
      

            	
              f)

            	
              Opinion Letter.
      Company agrees to accept and represent to Company’s transfer
      agent as valid, any opinion letter from M4E’s counsel regarding restricted
      stock status and the removal of the legend
  thereon.

            

    

     

    
      	
               
      

            	
              g)

            	
              Execution
      Fee.  Company shall pay M4E an Execution Fee, payable in
      cash, of three thousand dollars ($3,000) per month for the life of the
      agreement, for the express purpose of offsetting a portion of M4E’s costs
      associated with executing the Campaign.  However, first payment
      under this provision shall not commence until after the first one hundred
      eighty (180) days from the commencement of the
  Campaign.

            

    

     

    
      	
              6.

            	
              Registration
      Rights

            

    

    
      	
               
      

            	
              a)

            	
              Piggyback Registration
      Rights. If, at any time or from time to time after the Effective
      Date, the Company proposes to file a registration statement covering any
      securities of the Company, other than an offering registered on Form S-8
      or Form S-4 (or successor forms relating to employee stock plans and
      certain business combinations), the Company shall, not less than thirty
      (30) days prior to the proposed filing date of the registration statement,
      give written notice of the proposed registration to M4E. Company agrees to
      include in such registration statement, all Compensation Shares as M4E so
      instructs, which instructions shall be delivered in writing to the Company
      within 20 days of M4E’s receipt of Company’s notice of such registration.
      If M4E requests, or as the Parties may agree, that fewer shares than M4E
      then owns be included in such registration statement, M4E shall continue
      to have piggyback registration rights for succeeding registration
      statements until all Compensation Shares have been registered. Piggyback
      registration rights pursuant to this paragraph are terminated at such time
      as the Compensation Shares are eligible for resale under Rule 144 of the
      Securities Act of 1933, as amended.

            

    

    
      	
               
      

            	
              b)

            	
              Registration
      Costs.  Company will bear all expenses attendant to
      registering the securities.

            

    

    
      	
               
      

            	
              c)

            	
              Liquidated
      Damages. In the event that the Company is required to include the
      Compensation Shares in a registration statement pursuant to Section 6(a)
      herein, and the Company fails to register the Compensation Shares, or if
      the Compensation Shares are or become eligible for sale pursuant to Rule
      144 and the Company does not provide all required documents, including but
      not limited to any required legal opinion letter to remove any stock
      restrictions, provided M4E provides all requisite documents required under
      Rule 144 to the company, within one week of written request from M4E, the
      Company shall pay as liquidated damages to M4E, in legal tender of the
      United States, an amount equal to five percent (5%) of the total value of
      this Agreement, for every thirty (30) day period until the restrictions
      are lifted to a maximum of 25%,.  The Parties hereto agree that
      damages due to Company’s breach hereunder are difficult to determine as of
      the Effective Date, and the Liquidated Damages hereunder are meant to
      approximate M4E’s damages, and are not
punitive.

            

    

     

    
      	
              7.

            	
              Default

            

    

    Any
failure of the Company to (i) transfer Stock as required by Section 5, herein;
(ii) timely review and approve Copy supplied by M4E for review; or (iii) act in
good faith to effectuate the terms of this Agreement, shall constitute a
default.  Upon Company’s default, all amounts due M4E hereunder shall
be due and payable, and M4E may in its sole discretion immediately suspend
performance and terminate this Agreement.

     

    
      	
              8.

            	
              Non-disclosure
      Of Confidential Information

            

    

    For the
purposes of this Agreement, the expression “Confidential Information” means all information of any
nature previously, presently, or subsequently disclosed by one party (the
“Disclosing Party”) to the other party (the “Receiving
Party”),  relating to the Disclosing Party’s business, including, but
not limited to, the terms of this Agreement, information concerning any entities
and/or interested parties and any analyses, compilations, studies other
documents which contain or otherwise reflect or are generated from such
information, all information relating to business, financial, customer and
product development plans, forecasts, lists, methods, strategies, compilations
and other information,  inventions and ideas, including without
limitation, ideas, know how, inventions (whether patentable or not), schematics
and other technical information. However, Confidential Information does not
include any information that is generally known in the Receiving Party's
industry at the time of the signing of this Agreement, any information that the
Receiving Party rightfully had in its possession prior to the disclosure of such
information to the Receiving Party by the Disclosing Party, or any information
disclosed after the termination of this agreement.  The Disclosing
Party Shall: Keep all Confidential Information secret and confidential; Not use
any Confidential Information to obtain any financial, commercial, trading and/or
other advantage, but rather use Confidential Information for the sole purpose of
effectuating the mutual transaction(s) contemplated hereby; Not disclose
Confidential Information to any third party whatsoever except as necessary to
effectuate the terms of this Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              9.

            	
              Indemnification

            

    

    Company
shall indemnify and hold harmless M4E its agents, employees, legal
representatives, heirs, executors or assigns from and against any and all
losses, damages, expenses and liabilities (collectively “Liabilities”) or
actions, investigations, inquiries, arbitrations, claims or other proceedings in
respect thereof, including enforcement of this Agreement (collectively
“Actions”) (Liabilities and Actions are herein collectively referred to as
“Losses”).   Losses include, but are not limited to all
reasonable legal fees, court costs and other expenses incurred in connection
with investigating, preparing, defending, paying, settling or compromising any
suit in law or equity arising out of this Agreement or for any breach of this
Agreement notwithstanding the absence of a final determination as to a Company’s
obligation to reimburse any of M4E Covenantees for such Losses and the
possibility that such payments might later be held to have been
improper.

     

    
      	
              10.

            	
              Choice
      Of Law/Arbitration

            

    

    This
Agreement shall be governed by and construed in accordance with laws and
judicial decisions of the Commonwealth of Virginia, without regard to its
principles of conflicts of laws.  The resolution of all disputes,
actions or proceedings arising out of this Agreement shall be determined solely
and exclusively by arbitration, by a single arbitrator, under the rules of the
American Arbitration Association as then in effect.  The place of
arbitration shall be Fairfax County, Virginia.   Any decision
rendered by the Arbitrator shall be final and binding, and any judgment upon any
award rendered by the Arbitrator may be entered in any court having
jurisdiction.

     

    
      	
              11.

            	
              Public
      Announcements

            

    

    The
Parties will jointly agree to the form of a public announcement of this
Agreement and the proposed services. Neither party will, without the other’s
prior written consent and approval, issue any press release and/or other public
announcement relating to the terms and conditions set forth in (or the existence
of) this agreement or any additional press releases mentioning Media4Equity LLC
or any employee thereof, except for such disclosure to the public or to
governmental agencies as its counsel shall deem necessary to comply with any and
all applicable laws, rules or regulations.  Company explicitly
acknowledges and agrees that no public announcement of any kind may be made
until Compensation Shares are issued pursuant to Section 5, above.

     

    
      	
              12.

            	
              Term/Termination

            

    

    
      	
               
      

            	
              a)

            	
              Term. The terms
      of this Agreement shall be effective as of the Effective Date, and
      continue until the later of (i) one (1) year from the date the Company
      first approves media for placement (which approval shall not be
      unreasonably withheld); or (ii) three (3) years from the Effective
      Date.  The terms, conditions, and obligations of Sections 8, 9,
      10, and 11 hereof shall survive the termination of this
      Agreement.

            

    

    
      	
               
      

            	
              b)

            	
              Term Certain.
      As the execution of this Agreement triggers the reallocation of M4E’s
      staff and resources, the Company may not terminate or cancel this
      Agreement prior to the expiration of the Term set forth in Section 13(a)
      herein.

            

    

     

    
      	
              13.

            	
              Successors
      and Assigns

            

    

    The
Parties may not assign their rights or obligations hereunder except that M4E may
in its sole discretion assign the right to receive any compensation due
hereunder including without limitation any and all interest in the Compensation
Shares.

     

    
      	
              14.

            	
               
      Counterparts

            

    

    This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
agreement.  A telefaxed copy of this Agreement shall be deemed an
original.

     

    
      	
              15.

            	
              Headings

            

    

    The
headings used in this Agreement are for convenience of reference only and shall
not be deemed to limit, characterize or in any way affect the interpretation of
any provision of this Agreement.

     

    
      	
              16.

            	
              Modification
      and Waivers

            

    

    No
change, modification or waiver of any provision of this Agreement shall be valid
or binding unless it is in writing, dated subsequent to the Effective Date of
this Agreement, and signed by both the Company and M4E. No waiver of any breach,
term, condition or remedy of this Agreement by any party shall constitute a
subsequent waiver of the same or any other breach, term, condition or
remedy.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              17.

            	
              Severability

            

    

    If one or
more provisions of this Agreement are held to be unenforceable under applicable
law, such provision(s) shall be excluded from this Agreement and the balance of
the Agreement shall be interpreted as if such provision(s) were so excluded and
shall be enforceable in accordance with its terms.

     

    
      	
              18.

            	
              Entire
      Agreement

            

    

    This
Agreement constitutes the entire agreement and understanding of the parties with
respect to the subject matter hereof and supersedes any and all prior
negotiations, correspondence, agreements, understandings duties or obligations
between the parties with respect to the subject matter hereof.

     

    
      	
              19.

            	
              Further
      Assurances

            

    

    From and
after the date of this Agreement, upon the request of M4E, the Company shall
execute and deliver such instruments, documents or other writings as may be
reasonably necessary or desirable to carry out and effectuate fully the intents
and purposes of this Agreement.

     

    
      	
              20.

            	
              Notices

            

    

    All
notices or other communications required or permitted by this Agreement shall be
in writing and shall be deemed to have been duly received: (i) if given by
telecopier, when transmitted and the appropriate telephonic confirmation
received if transmitted on a business day and during normal business hours of
the recipient, and otherwise on the next business day following transmission,
(ii) if given by certified or registered mail, return receipt requested, postage
prepaid, three business days after being deposited in the U.S. mails, or (iii)
if given by courier or other means, when received or personally delivered, and,
in any such case, to the address and contacts indicated on the signature
page.

    In
Witness Whereof, the parties hereto have executed this Agreement on APRIL 16,
2008:

    

    
      
        
          
            
              	
                      Media4Equity
      LLC:

                    	 
      	
                      COMPANY:
      American Scientific Resources, Inc.

                    	 
      
	 
      	 
      	 
      	 
      
	
                       

                    	 
      	
                      

                    	 
      
	
                      Signature

                    	 
      	
                      Signature

                    	 
      
	 
      	 
      	 
      	 
      
	
                      Media4Equity
      LLC

                    	 
      	
                      American
      Scientific Resources, Inc.

                    	
                      Richard

                    
	
                      Smith,

                    	
                      Christopher
      F. Tirotta, MD, MBA

                    	 
      
	
                      President

                    	
                      CEO

                    	 
      
	
                      2841
      Hartland Road #301

                    	
                      American
      Scientific Resources, Inc.

                    	 
      
	
                      Falls
      Church, VA 22043

                    	 
      	
                      ASFX.PK

                    	 
      
	
                      O:
      (888)-563-5200

                    	 
      	
                      1112
      Weston Road, Unit 278

                    	 
      
	
                      F:
      (515)-474-3279

                    	 
      	
                      Weston,
      FL  33326

                    	 
      
	
                      C:
      (703)-395-9607

                    	 
      	
                      O:
      845-255-2200

                    	 
      
	
                      Email
      ecarlson@Media4Equity.com

                    	 
      	
                      F:
      845-255-3299

                    	 
      
	 
      	 
      	
                      E-mail:
      docbip@kidzmed.com

                    	 
      

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Exhibit
“A”

    

    DATE:
4/28/08

    

    
      
        
          	
                  TO:
      Transfer Agent:

                	 
      	
                  Stalt,
      Inc.

                
	 
      	 
      	
                  671
      Oak Grove Avenue

                
	 
      	 
      	
                  Suite
      C

                
	 
      	
                    

                	
                  Menlo
      Park,
CA  94025

                

        

      

    

    

    Re:        American
Scientific Resources, Inc.

    

    Sirs:

    

    Please
immediately issue shares of the above named company as authorized in the
accompanying resolutions as follows:

    

    3,625,000
shares to and in the name of Media4Equity LLC, 2841 Hartland Road #301, Falls
Church, VA 22043, via Federal Express FedEx Saver #1136-1259-2 or Hand
Delivery.

     

    500,000
shares to and in the name of David Rubin, 2715 Coney Island Avenue, Brooklyn, NY
11235, via Federal Express FedEx Saver #1136-1259-2 or Hand
Delivery.

     

    750,000
shares to and in the name of Eric Carlson, c/o Media4Equity LLC, 2841 Hartland
Road #301, Falls Church, VA 22043, via Federal Express FedEx Saver #1136-1259-2
or Hand Delivery.

     

    125,000
shares to and in the name of Norman Farra, 525 Mystic Lane, West Grove, PA
19390, via Federal Express FedEx Saver #1136-1259-2 or Hand
Delivery.

     

    Please
deliver the shares as set forth in the accompanying resolutions, and let me know
if you require any additional information or if I can be of any further
assistance.

    

    
      
        
          
            
              
                	 
      	 
      	
                        Very
      truly yours,

                      
	 
      	 
      	 
      
	 
      	 
      	
                        American
      Scientific Resources, Inc.

                      
	 	 	 
	 
      	
                        By:

                      	
                        

                      
	 
      	 
      	 
      
	 
      	 
      	
                        Christopher
      F. Tirotta, MD, MBA

                      
	 
      	 
      	
                        CEO

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