Document:

AMENDMENT TO EMPLOYMENT
AGREEMENT

     

               THIS AMENDMENT TO EMPLOYMENT
AGREEMENT is entered into by and between Patient Safety Technologies,
Inc. (“PST” or the “Company”) and Marc L. Rose (“Rose”) this 24th day of June,
2010.  Effective as of November 24th, 2009, the Company and Rose
entered into an Agreement (the “Employment Agreement”) governing Mr. Rose’s
employment with the Company. In connection with a preferred stock financing
undertaken by the Company on or about the date hereof (the “Financing”), and
intending to be legally bound and in consideration of the mutual promises
contained herein, the parties agree as follows:

     

    
      1.
Definition
of Good Reason.  Section 1(i)
“Good Reason” under the Employment Agreement
is hereby amended to add subsection (iv) therein to read as
follows:

    

     

     “(iv) relocation of
the Executive’s assigned workplace or obligation to perform services at a
location more than 40 miles radius from Newtown, PA.”

     

    2. Governing
Law.  This Agreement shall be performed, interpreted and
enforced according to the laws of the State of Delaware without regard to any
choice of law provisions thereof.

     

    3. Acknowledgment.  Rose
agrees that the Financing does not constitute a “Change of Control” as defined
in the Employment Agreement.

     

    4. Entire
Agreement.  This Amendment to Employment Agreement together
with the Employment Agreement constitute the entire agreement between the
parties hereto respecting the subject matter hereof and supersede all prior
agreements, negotiations, understandings, representations and statements
respecting the subject matter hereof, whether written or oral.  No
modification, alteration, waiver or change in any of the terms of this Agreement
shall be valid or binding upon the parties hereto unless made in writing and
duly executed by the Company and Rose. All provisions of Section 7 to the
Employment Agreement are incorporated herein by reference.

     

    5. Counterparts.  This
Amendment to Employment Agreement may be executed in counterparts, by copy and
by facsimile, each of which shall be legally enforceable as an original document
and together which shall collectively constitute an entire
agreement.

     

    [signature
page follows]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    SIGNATURE PAGE TO ROSE
AMENDMENT TO EMPLOYMENT AGREEMENT

    

    
      	
              Patient
      Safety Technologies, Inc.

            
	 
      
	
              By:

            	
                

            	 
      
	 
      	
              Steven
      H. Kane, President

            	 
      
	
                

            	 
      
	
              Marc
      L. Rose

            	 
      

    

     

    
      
         

      

      
        - 2
-Capital Transfer
Agreement

    

    Party A:
Sino-Euro United Investment Co., Ltd.

    Legal
Representative: Geng Zhiyuan

    

    Party B:
Beijing China Media Advertisement Co., Ltd.

    Legal
Representative: Xu Wen

    

    Party C:
Beijing Zhonghai Rongtong Culture Broadcasting Co., Ltd.

    Legal
Representative: Zhou Jung

    

    The
series “Chi Dan Zhong Xin” is a cooperative investment project of party A and B
under the agreement signed on January 14, 2009.  Under the agreement,
Party A is responsible for developing the playwright, shooting, marketing and
distribution, and Party B is to invest RMB 16,000,000 for this
project.  Party B is willing to transfer the investment and related
legal right and interest in the project to Party C and Party C would like to
accept the transfer without any objection from party A.  Now Parties
A, B and C agree to the following:

    

    
      
        	
                1.

              	
                Transfer
      Price, Payment Method and
Timeline

              

      

    

    
      
        	
              	
                a.

              	
                Party
      B shall transfer all the investment in “Chi Dan Zhong Xin” to Party C at
      the price of RMB 16,800,000

              

      

    

    
      
        	
              	
                b.

              	
                Party
      C shall begin transfer of payment within 5th
      days of the effectiveness of the agreement.  Payments shall be
      made for a period of 4 quarters: pay 20% of the total payment in each of
      1st
      and 2nd
      quarters and pay 30% of the total payment in each of 3rd
      and 4th
      quarters.  All payments shall be paid by December 31,
      2010.

              

      

    

    

    
      	
              2.

            	
              Party
      B shall guarantee that he has complete ownership and disposal right of the
      investment and that the investment is not encumbered in any
      manner.  Otherwise, Party B should bear the related economic and
      legal consequences.

            

    

    

    
      	
              3.

            	
              Effectiveness
      of Transfer

            

    

    Immediately
after the transfer date agreed hereto, Party C shall have all the legal
ownership and rights and interests of the investment, as well as the related
responsibilities.

    

    Violation
of the Agreement

    

    
      	
               
      

            	
              1.

            	
              Each
      party shall abide by the agreement once the agreement becomes
      effective.

            

    

    
      	
               
      

            	
              2.

            	
              If
      Party C fails to pay on time, Party C shall be charged a daily penalty of
      0.03% of the remaining payment. In case of the breach of agreement by
      Party C that causes damage to Party B and the penalty paid by party C is
      less than the actual loss, party C shall pay additional compensation to
      Party B cover Party B’s loss.

            

    

      

    
      	
              4.

            	
              The
      parties may amend or cancel the agreement through consent by all three
      parties.

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      	
              5.

            	
              Dispute
      Resolution

            

    

    In the
event of disputes, the parties shall resolve through friendly consultation, and
if unsuccessful, then resort to the Beijing Arbitration Commission for
resolution.

    

    
      	
              6.

            	
              Effective
      of the Agreement

            

    

    The
Agreement is effective immediately after the signing of all the
parties.

    

    
      	
              7.

            	
              The
      agreement is in three copies and each party has one
  copy.

            

    

    

    Party
A

    /s/ Geng
Zhiyuan

    Sino-Euro
United Investment Co., Ltd.

    March 26,
2009

    

    Party
B

    /s/ Xu
Wen

    Beijing
China Media Advertisement Co., Ltd.

    

    Party
C

    /s/ Zhou
Jung

    Beijing
Zhonghai Rongtong Culture Broadcasting Co., Ltd.Investment Transfer
Agreement

    

    Party A:
Yangguang Shixun Media (Beijing) Co., Ltd

    Legal
Representative: Liu Baoshun

    

    Party B:
Dongguan Hanyu Software Tech Co., Ltd

    Legal
Representative: Liu Xusheng

    

    Party C:
Beijing China Media Advertisment Co.. oLtd

    Legal
Representative: Xu Wen

    

    Party D:
Beijing Zhonghai Rongtong Culture Broadcasting Co., Ltd

    Legal
Representative: Zhou Jun

    

    “Xiao Mo
Dou - Children Animation Series” is a cooperative investment project among
Parties A, B and C. Party C provided investment for the production of the
program and the actual investment amount is RMB 33,500,000. Due to various
reasons, Party C agreed to transfer all the investment and legal interest
related to the program of “Xiao Mo Dou - Children Animation Series” to Party D
and Party D agreed to accept the transfer. Now Parties A, B, C and D mutually
agreed as follows:

    

    
      	
              1.

            	
              By
      March 20, 2010, Party C shall transfer all the investment of RMB
      33,500,000 in “Xiao Mo Dou - Children Animation Series” to Party D at the
      price of RMB 35,170,000, together with the related legal rights and
      interests.

            

    

    

    
      	
              2.

            	
              Party
      D shall transfer 20% of the agreed transfer amount to the designated bank
      account of Party C within 3 days after the effectiveness of this agreement
      and the remaining amount will be paid as follows: 20% of the total amount
      at the 2nd
      quarter and 30% of the total amount for each of 3rd
      and 4th
      quarter of the year.

            

    

    

    
      	
              3.

            	
              If
      Party D is unable to pay on time, a daily penalty of 0.01% of the
      remaining payment will be charged to Party D.  In case of breach
      of agreement by Party D that causes damage to Party C and the penalty paid
      by party D is less than the actual loss, party D shall pay additional
      compensation to cover Party C’s
loss.

            

    

    

    
      	
              4.

            	
              Party
      C shall guarantee that it has the total ownership and disposal right of
      the investment project and shall not sell, transfer or dispose in any
      other manner any legal or beneficial interest in the
      investment.  Otherwise, Party C shall shoulder all the economic
      and legal responsibilities.

            

    

    

    
      	
              5.

            	
              After
      the signing of this agreement, the cooperation between Parties A, B and C
      is deemed to be terminated for the project of “Xiao Mo Dou - Children
      Animation Series” and the project shall be the cooperation among Parties
      A, B and D.

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

    
      	
              6.

            	
              The
      Agreement is effective immediately after the signing of all four
      parties.

            

    

    

    
      	
              7.

            	
              Dispute
      Resolution

            

    

    In the
case of disputes, the parties shall resolve through friendly consultation and if
unsuccessful, then resort to the Beijing Arbitration Commission for
resolution.

    

    Party
A

    /s/ Liu
Baoshun

    Yangguang
Shixun Media (Beijing) Co., Ltd

    March 26,
2009

    

    Party
B:

    /s/ Liu
Xusheng

    Dongguan
Hanyu Software Tech Co., Ltd

    March 26,
2009

    

    Party
C:

    /s/ Xu
Wen

    Beijing
China Media Advertisment Co.. oLtd

    March 26,
2009

    

    Party
D:

    /s/ Zhou
Jun

    Beijing
Zhonghai Rongtong Culture Broadcasting Co., Ltd

    March 26,
2009

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