Document:

The
      Kauderer Group, Inc.

              	 
      
	
                20
      West 44th
      Street

              	 
      
	
                4th
      Floor Business Center

              	 
      
	
                New
      York, NY 10036

              	
                 

              
	 
      

      

    February
12, 2008

    

    American
Scientific Resources, Inc.

    83 South
Putts Corner Road

    New
Paltz, NY  12561

    EIN
14-1820954

    

    Cc:
Joseph Emas, PA (Corporate Council for the Company)

    

    Re:
Corporate Development Advisory Agreement

    

    THIS
Consulting agreement (the “Agreement”) is made and entered into as of February
12, 2008 (the “Commencement Date”) by and between The Kauderer Group, Inc (the
“Consultant”) and American Scientific Resources, Inc. (the
“Company”).

    

    RECITALS

    A.           The
Company desires to avail itself of the experience, sources of information,
advice, and assistance of Consultant.

    B.           The
Consultant is willing to make available to the Company Consultant’s experience,
sources of information, advice, and assistance.

    C.           The
Consultant is willing to assist in the distribution of marketing material to its
associate Marketing Firms.

    E.           The
consultant is willing to introduce the company new business acquisitions and
partnerships.

    F.           The
consultant is willing to introduce the company to Institutions, Hedge Funds,
Investors and Conventional lenders for Investments into the company and
conventional lending for lines of credit, purchase order financing and other
sources of conventional lending.

    

    NOW,
therefore, in consideration of the premises and the covenants contained herein,
the Company and the Consultant agree as follows:

    

    1.      Services.  Upon
request of the Company, Consultant hereby agrees to render “Corporate
Development” advisory services, Marketing and Distribution to the Company,
including but not limited to: advertising and marketing; strategic planning; and
assistance in development of business opportunities for the Company or its
affiliates; Institutions and Hedge Funds and Conventional Lenders (collectively,
the “Services”).

    

    The
Consultant is not offering to market the Company as a Registered
Broker.  The Consultant is not a member or a broker/dealer of National
Association of Securities Dealers.  The Consultant acts strictly in a
consultancy capacity. The consultant is strictly introducing the Company to
business partners to further the strategic operations of the
Company.

     

    2.      Term of
Agreement.  This Agreement shall commence on the Commencement
Date and shall continue until twelve (12) months thereafter, unless extended
otherwise by written consent of the parties (the “Term”).

     

    The
Kauderer Group, Inc.

    20 West
44th
Street, 4th Floor
Business Center, New York, NY 10036

    www.Thekauderergroup.com

    

    Page 1 of
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              a.

            	
              Compensation.  In
      consideration of Consultant’s entering into this Agreement and in exchange
      for the Services to be performed pursuant to this Agreement, the Company
      shall compensate the Consultant $250,000.00 in restricted shares under
      Rule 144 with Registration Rights. These shares shall be issued the
      Registration Rights upon successful completion of an OTCBB listing. These
      shares are issued for such services as rendered for the term of the
      agreement and shall be issued upon execution of the agreement. Such shares
      shall be issued in the following
name:

            

    

    

    The
Kauderer Group, Inc.

    20 West
44th
Street

    Greater
NY Chamber 4th
Floor

    New York,
NY 10036

    EIN #
26-1186784

    

    b.          The
Company agrees to pay the Consultant a yearly cash salary of $120,000.00. This
compensation may be paid monthly and may be paid via performance. The Consultant
agrees that the compensation will not be paid if the consultant does not perform
on any given month to the specifications of the Company. The Company reserves
the right to pay the Consultant at any given month the remainder of the yearly
salary or cancel the salary for non-performance in total.

    

    c.         Marketing and Acquisitions.
The company agrees to compensate the Consultant 10% of all sales that the
Consultant procures and a 10% partnership in any joint venture and/or
acquisition that is generated through the consultant or its
affiliates.

    

    d.          Secured
Debt Financing.  For any secured or subordinated debt financing
which includes senior debt financing, notes, term loans, promissory notes,
debentures, revolving lines of credit, equipment lease financing, all of which
do not have any form of equity participation rights the Consultant shall receive
upon the loans closing a success fee payable in cash equal to five percent (5%)
of the gross proceeds approved and available to the Company, in whole or in
part. If the Company will be paying a fee to another party for the same
conventional loan, ect, the consultant agrees to reduce the fee to equal a total
of five percent (5%).

    

    At no
time is the Consultant guaranteeing that any of these services will be
performed.  All of these services will be on a BEST EFFORTS basis and
will not amass any liability if any service is not performed to the
acceptability of the Company

    

    3.      Independent
Contractor.  At all times during the term of this Agreement,
Consultant is and shall be an independent contractor in providing the Services
hereunder, with the sole right to supervise, manage, operate, control, and
direct the performance incident to the Services.  Nothing contained in
this Agreement shall be deemed or construed to create a partnership or joint
venture, to create the relationship of employee/employer or principal/agent, or
otherwise create any liability whatsoever as partner, joint venture, employer,
employee, principal, or agent for either the Company or Consultant with respect
to the indebtedness, liabilities, or obligations of each other or of any other
person or entity.

    

    4.      Notices.  All
notices, requests, demands and other communications hereunder shall be in
writing and shall be personally delivered, delivered by facsimile or courier
service, or mailed, certified with first class postage prepaid, to the addresses
set forth below:

    

    
      
        	
                If
      to the Company, to:

              	 
      	
                If
      to Consultant, to:

              
	 
      	 
      	 
      
	
                American
      Scientific Resources, Inc.

              	 
      	
                The
      Kauderer Group, Inc.

              
	
                83
      South Putts Corner Road

              	 
      	
                20
      West 44th
      Street

              
	
                New
      Paltz, NY  12561

              	 
      	
                Greater
      NY Chamber 4th
      Floor

              
	
                EIN
      14-1820954

              	
                  

              	
                New
      York, NY 10036

              

      

    

    

    The
Kauderer Group, Inc.

    20 West
44th
Street, 4th Floor
Business Center, New York, NY 10036

    www.Thekauderergroup.com

    

    Page 2 of
5

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Each such
notice shall be deemed to have been given (whether actually received or not) on
the date of actual delivery thereof, if personally delivered or delivered by
facsimile transmission (if receipt is confirmed at the time of such transmission
by telephone or facsimile machine-generated confirmation), or on the third day
following the date of mailing, if mailed in accordance with this Section, or on
the day specified for delivery to the courier service (if such day is one on
which the courier service will give normal assurances that such specified
delivery will be made).  Any notice, request, demand, or other
communication given otherwise than in accordance with this Section shall be
deemed to have been given on the date actually received.  Any party
may change its address for purposes of this Section by giving written notice of
such change to all other parties in the manner hereinabove
provided.

    

    5.      Liability of
Consultant.  The Company understands that the Consultant
assumes no responsibility under this Agreement other than to perform the
Services in good faith, and Consultant will not be responsible for any
consequences whatsoever that result from any action of the Company in following
or declining to follow any advice or recommendation of the
Consultant.  It is acknowledged and agreed by the Company that
Consultant’s Services provided under this Agreement are consulting only and any
and all decision-making regarding the Company, including without limitation
whether or not to follow any advice by Consultant, is solely the responsibility
of the Company.  Consultant will not be liable to the Company except
by reason of acts constituting bad faith of Consultant or willful malfeasance or
reckless disregard of its duties.  The parties hereto recognize and
agree that the effectiveness of the Services and the success of any actions
undertaken by Consultant in connection therewith are not guaranteed or warranted
by Consultant in any respect whatsoever.

    

    
      	
               
      

            	
              6.

            	
              Confidential
      Information.

            

    

    

    
      	
               
      

            	
              a.

            	
              Anything
      herein to the contrary notwithstanding, the Company will not intentionally
      provide Consultant with any material non-public information, unless both
      (i) advising Consultant in writing prior to such disclosure that the
      information about to be provided constitutes material non-public
      information and whether, when and by what means the Company intends to
      make such information public and (ii) Consultant, in its sole and absolute
      discretion, agrees in writing to receive such information.  In
      furtherance of the foregoing, and not in limitation thereof, Consultant
      may agree in writing to receive such information on the condition that the
      Company comply with Regulation FD promulgated by the Securities and
      Exchange Commission as if the provisions regarding Confidential
      Information were not included in this Agreement and the Consultant was not
      subject to any confidentiality requirements (written, oral, implied,
      anticipated or otherwise) with respect to such
  information.

            

    

    

    
      	
               
      

            	
              b.

            	
              Provided
      Consultant has agreed to receive material non-public information with
      respect to the Company in the manner provided in subparagraph(a) of this
      Section 6, or the Company has advised Consultant that the information to
      be provided is not material non-public information with respect to the
      Company, Consultant acknowledges that certain information that may be
      disclosed to Consultant by the Company may be confidential, proprietary,
      and secret in character.  Consultant agrees that such
      information will (i) be kept confidential by Consultant, (ii) not be used
      by Consultant in any way detrimental to the Company, and (iii) not be used
      other than in furtherance of the Services to be provided under this
      Agreement.

            

    

    

    The
Kauderer Group, Inc.

    20 West
44th
Street, 4th Floor
Business Center, New York, NY 10036

    www.Thekauderergroup.com

    

    Page 3 of
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              c.

            	
              The
      term “Confidential Information” means any information or knowledge that is
      not generally known to the public that is disclosed or made known to the
      Consultant directly or indirectly during the term of this Agreement
      (regardless of the form in which communicated and including all notes,
      memoranda, records, analyses, test results, surveys, applications for
      governmental approvals, and other documents and items that were prepared
      by the Consultant, other employees of the Company, or other persons or
      entities acting at the behest of or in conjunction with the Company that
      incorporate, embody, reflect, describe, or otherwise relate to, in whole
      or in part, the oral or written information made known to the
      Consultant).  Notwithstanding the foregoing, no item of
      information otherwise included in the definition of “Confidential
      Information” shall be deemed Confidential Information to the extent that
      it (i) is or becomes publicly available through no fault or breach of this
      Agreement, (ii) is disclosed in a non-confidential capacity by the party
      which would have had the right to assert that such information was
      Confidential Information, (iii) is lawfully obtained or could be lawfully
      obtained from third parties without breaching any provision of any
      non-disclosure agreement, (iv) is information which is previously known or
      is developed by the recipient independently of the disclosing party or (v)
      must be disclosed pursuant to or as required or directed by law or by a
      court or other tribunal of competent
      jurisdiction.  “Confidential Information” also does not include
      any business, industry or other analysis previously made or subsequently
      developed by Consultants that is not specific to the business activities
      of the Company.

            

    

    

    
      	
               
      

            	
              d.

            	
              The
      Company acknowledges that Confidential Information is not necessarily
      material non-public information regarding the Company and that the
      Consultant may, in good faith, determine that any one or more items of
      Confidential Information, individually or in the aggregate, do not
      constitute material non-public information with respect to the
      Company.

            

    

    

    7.      Binding
Effect.  This Agreement shall be binding upon Consultant and
the Company and their respective successors, assigns, and
representatives.

    

    8.      Assignment.  Neither
this Agreement nor the rights and obligations hereunder may be assigned by
operation of law or otherwise without the express consent of the other party
(which consent may be granted or withheld in the sole and absolute discretion of
such other.

    

    9.      Governing Law.  This
agreement shall be interpreted, enforced, construed and governed in accordance
with the laws of the State of New York without giving effect to any choice or
conflict of law provision or rule (whether of the State of or any other
jurisdiction) that would cause the application of the laws of any jurisdiction
other than the State of New York and all disputes shall be settled in the courts
of the State of NEW YORK.

    

    10.   Severability.  If
any term or other provision of this Agreement is invalid, illegal or incapable
of being enforced under any law or public policy, all other terms and provisions
of this Agreement will nevertheless remain in full force and
effect.  Upon such determination that any term or other provision is
invalid, illegal or incapable of being enforced, the parties hereto will
negotiate in good faith to modify this Agreement so as to effect the original
intent of the parties as closely as possible in an acceptable
manner.

    

    11.   Counterparts.  This
Agreement may be executed in a number of identical counterparts, each of which,
for all purposes, is to be deemed an original, and all of which constitute,
collectively, one agreement; but in making proof of this Agreement, it shall not
be necessary to produce or account for more than one such
counterpart.

    

    12.   Amendment.  Neither
this Agreement nor the rights and obligations hereunder may be assigned by
operation of law or otherwise without the express written consent of the
non-assigning party (which consent may be granted or withheld in the sole and
absolute discretion of such party).

     

    The
Kauderer Group, Inc.

    20 West
44th
Street, 4th Floor
Business Center, New York, NY 10036

    www.Thekauderergroup.com

    

    Page 4 of
5

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    13.   Entire
Agreement.  This Agreement (including any Exhibits hereto and
the documents delivered pursuant hereto) constitutes the entire agreement of the
parties hereto with respect to the subject matter hereof and supersedes all
prior agreements and undertakings, both written and oral, among the parties
hereto with respect to the subject matter.

    

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

    

    
      
        
          
            
              
                	
                        FOR
      THE COMPANY:

                      	 
      	
                        FOR
      THE CONSULTANT:

                      
	 
      	 
      	 
      
	
                        American
      Scientific Resources, Inc.

                      	 
      	
                        The
      Kauderer Group, Inc.

                      
	 
      	 
      	 
      
	
                        By:

                      	 
      	 
      	
                        By:

                      	 
      
	
                        Christopher
      F. Tirotta, MD, MBA

                      	 
      	
                        Danielle
      Kauderer

                      
	
                        CEO

                      	
                          

                      	
                        CFO

                      

              

            

          

        

      

    

    

    

    Jay Kim,
P.A.

    WardKim
LLLP

    Litigation
Council, The Kauderer Group/Affiliates

    One
Financial Plaza, Suite 2600

    Fort
Lauderdale, FL 33394

    (954)
527-1115

    (954)
527-1116 Fax

    

    Kimberly
L. Graus, PA

    Securities
Council, The Kauderer Group/Affiliates

    4949 SR
64 East, #141

    Bradenton,
Fl. 34208

    (941)
747-5290

    (866)
640-6858 facsimilie

    

    Joseph
Emas, PA

    Securities
Council for American Scientific Resources, Inc.

    1224
Washington Avenue

    Miami
Beach, FL 33139

    (305)
531-1174

    (305)
531-1274

    

    The
Kauderer Group, Inc.

    20 West
44th
Street, 4th Floor
Business Center, New York, NY 10036

    www.Thekauderergroup.com

    

    Page 5 of
5Consultants
to Corporate Leaders

     

    
      June 25,
2007

    

    

    
      Christopher
Tirotta, MD, MBA

    

    
      Chief
Executive Officer

    

    
      American
Scientific Resources

    

    
      83 South
Putt Corners Road

    

    
      New
Paltz, NY 12561-0819

    

    

    
      	
              Re:

            	
              American Scientific
      Resources Marketing & Public Relations Proposal to support Fund
      Raising initiative.

            

    

    

    Dear Dr.
Tirotta:

    

    Thank you
for retaining Elizabeth Bayles Associates’ (EBA) services to represent American
Scientific Resources (ASFX) in connection with the launch of
a marketing and public relations initiative to ensure the success of
fund raising activities in the United States.

     

    Our plan
will reinforce ASFX’s commitment to strategically strengthen the image and
reputation of the Company with key stakeholders pivotal to its success, such as
retail consumers, investors and media.

     

    As ASFX
has limited budget, we have crafted what we believe is the best approach over
the short term for the maximum return on investment, by emphasizing initiatives
that will benefit ASFX, and establish the Company for additional activities in
2008.

    

    This
letter sets forth the terms and conditions of our representation.

     

    
      	
              1.

            	
              Goals &
      Communications Objectives

            

    

     

    Announce
the launch of the Kidz-Med Thermofocus, addressing the significance of the first
no contact clinical thermometer in the world, and position it as a luxury item,
as the Rolls Royce of thermometers for children and also for adults in the
retail consumer marketplace.

    

    National
exposure on a consistent basis will reassure current investors and elicit
interest from new retail consumers and investors.  The overriding
focus will be to:

     

    
      	
               
      

            	
              ·

            	
              Build
      the value of the ASFX brand and a steadily increasing stream of retail
      consumers.

            

    

    
      	
               
      

            	
              ·

            	
              Raise
      greater public awareness of ASFX and demonstrate unique aspects of
      KiDz-Med Thermofocus and other related products/brands such as the
      pacifier that dispenses medicine, including quotes from leading physicians
      such as Dr. Catia E. Osio- University of Milan II De Marchi Pediatric
      Clinic.

            

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              ·

            	
              Put
      ASFX at the forefront of innovative pediatric products on a consistent
      basis to reassure current investors and elicit interest from new retail
      consumers and investors.

            

    

    
      	
               
      

            	
              ·

            	
              Generate media interest and
      coverage of ASFX in TV segments, and ensure inclusion in appropriate
      articles including round-up features of related topics in newspapers,
      consumer magazines and on premier medical and
      gift shopping websites, including WebMD and
    gifts.com.

            

    

    

    
      	
              2.

            	
              Strategy

            

    

     

    Budget
spent on marketing and public relations will be best utilized by maximizing
existing resources to disseminate information about ASFX, then capture and
retain the interest of those who come into contact with the
Company.  As such, we recommended the following strategic
approach:

    

    
      	
               
      

            	
              ·

            	
              Press Release & Media
      Outreach:  Includes development of media lists; Writing
      and edits; distribution and follow up phone calls with select media
      outlets

            

    

     

    
      	
               
      

            	
              ·

            	
              Trends-based Story & Media
      Outreach: Refinement and customization of story angles (approx 5
      variations); help identify physician spokesperson candidates, and develop
      local angles; write a media advisory and support materials for adaptation
      in each market: conduct media outreach.  Assumes 5
      markets

            

    

    

    
      	
               
      

            	
              ·

            	
              Angles & Message
      Development: Interview 2 -3 physicians and/or Mothers, draft key
      ASFX messages specific to the Kidzmed Thermofocus for use with media;
      outline and vet potential story
angles

            

    

    

    
      	
               
      

            	
              ·

            	
              TV Public Service
      Announcements: Includes writing and edits; distribution and
      coordination with vendor and spokespersons, script
  edits

            

    

    

    
      	
               
      

            	
              ·

            	
              Materials and Counsel:
      Includes consultation on web-site and search engine
      optimization.

            

    

     

    
      	
              3.

            	
              Media Outreach
      Criteria

            

    

    

    To
provide Tier-A health care reporters with the most comprehensive education about
the societal impact of the KiDz-Med Thermofocus. This approach serves the dual
purpose of enticing writers to cover pediatric medicine and raising awareness of
the KiDz-Med Thermofocus, while positioning ASFX at the forefront as a leader in
pediatric innovative healthcare products.   While the information
provided through the Media Outreach may not be hard news or yield immediate
coverage, it will put the Company top-of-mind with reporters as they cover new
pediatric products over time.  In the shorter term, we will still work
with interested reporters to develop story angles that they can continue to
pursue sooner rather than later.

     

    Sample Media
Targets

     

    We will
contact Health & Medicine reporters at major and community
newspapers:

    

    
      	
               
      

            	
              ·

            	
              New York
      Time

            

    

    
      	
               
      

            	
              ·

            	
              Wall Street
      Journal

            

    

    
      	
               
      

            	
              ·

            	
              LA
  Time

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              ·

            	
              Philadelphia
      Inquirer

            

    

    
      	
               
      

            	
              ·

            	
              USA
    Today

            

    

    
      	
               
      

            	
              ·

            	
              Business
      Week

            

    

    
      	
               
      

            	
              ·

            	
              Newsweek

            

    

    
      	
               
      

            	
              ·

            	
              Time
      Magazine

            

    

    
      	
               
      

            	
              ·

            	
              Fortune
      Magazine

            

    

    
      	
               
      

            	
              ·

            	
              Forbes Magazine, Forbes
      (Forbes.com)

            

    

    
      	
               
      

            	
              ·

            	
              Reuters
  Health

            

    

    
      	
               
      

            	
              ·

            	
              Good
      Housekeeping

            

    

    
      	
               
      

            	
              ·

            	
              Redbook

            

    

    
      	
               
      

            	
              ·

            	
              Ladies’ Home
      Journal

            

    

    
      	
               
      

            	
              ·

            	
              Self

            

    

    
      	
               
      

            	
              ·

            	
              Parade

            

    

    
      	
               
      

            	
              ·

            	
              Woman’s Day,
      Parenting

            

    

    

    And
freelance health writers and appropriate trade publications.

     

    Sample Media
Markets

     

    
      	
              (1)

            	
              Miami
      & Palm Beach   - approximately 60
  hours

            

    

    
      	
              (2)

            	
              New
      York City & Scarsdale - approximately 60
  hours

            

    

    
      	
              (3)

            	
              Los
      Angeles & Santa Barbara & Orange County- approximately 60
      hours

            

    

    
      	
              (4).

            	
              Connecticut
      -approximately 20 hours

            

    

    
      	
              (5)

            	
              Michigan
      –approximately 50 hours

            

    

    
      	
              (6)

            	
              Dallas/Ft
      Worth – approximately 40 hours

            

    

    
      	
              (7)

            	
              Boston
      – approximately 30 hours

            

    

     

    
      	
              4. 

            	
              Budget
      Estimate

            

    

    

    
      
        
          
            	
                    Activity

                  	 	
                    Fees/OOPs

                  	 
	
                    Press
      Release & Media Outreach:

                  	 	$	22,000	 
	
                    Trends-based
      Story & Media Outreach:

                  	 	$	19,000	 
	
                    Angles
      & Message Development:

                  	 	$	12,000	 
	
                    TV
      PSA - materials and Counsel:

                  	 	$	3,000	 
	 
      	 	$	56,000	 

          

        

      

    

    
       

      
        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              Activity

                            	 	
                              Hours

                            	 	
                              Fees

                            	 	
                              Month

                            	 	
                              Total

                            	 
	
                              Boston:

                            	 	
                              30x
      $175.00

                            	 	$	5,250	 	
                              July/August

                            	 	$	5,250	(7)
	
                              Connecticut

                            	 	
                              20x
      $175.00

                            	 	$	3,500	 	
                              June/July

                            	 	$	8,750	(4)
	
                              Chicago:

                            	 	
                              50
      x $175.00

                            	 	$	8,750	 	
                              July/August

                            	 	$	17,500	(5)
	
                              Dallas/Ft
      Worth:

                            	 	
                              40
      x $175.00

                            	 	$	7000	 	
                              July/August

                            	 	$	24,500	(6)
	
                              Los
      Angeles:

                            	 	
                              60
      x $175.00

                            	 	$	10,500	 	
                              June/July

                            	 	$	35,000	(3)
	
                              Miami

                            	 	
                              40
      x $175.00

                            	 	$	7000	 	
                              June/July

                            	 	$	42,000	(1)
	
                              New
      York

                            	 	
                              40
      x $175.00

                            	 	$	7,000	 	
                              June/July

                            	 	$	48,000	(2)
	
                              Scarsdale

                            	 	
                              20
      x $175.00

                            	 	$	3,500	 	
                              June/July

                            	 	$	51,500	(2)
	
                              Palm
      Beach

                            	 	
                              20
      x $175.00

                            	 	$	3,500	 	
                              June/July

                            	 	$	56,000	(1)
	 
      	 	
                              320
      hours

                            	 	$	56,000	 	 
      	 	
                              (approx.
      $8K

                            	 
	 
      	 	 
      	 	 	 	 	 
      	 	
                              per
      market)

                            	 

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
       

      This
overview and budget estimate is based upon the ASFX information provided to
date. Hours listed are approximate only.  Fees are in line with
Elizabeth Bayles Associates’ discounted rates for ASFX, based upon seven (7)
markets and activity.  It does not include a contingency for
additional market support, such as PR around other top richest states in the
USA: Colorado, Michigan, New Jersey, Ohio, Maryland, Minnesota, Missouri
Pennsylvania, Tennessee, Washington, Arizona, Delaware, Kansas, Kentucky,
Oklahoma and Virginia.

    

     

      
        

      

       

    

    
      
        	
                5.

              	
                Terms

              

      

    

    

    ASFX will
engage EBA for a period of four months commencing on June 27, 2007 and
terminating on October 27, 2007.  Consulting services will be billed
at $175 per hour and would entitle ASFX to 320 hours of
consulting.   This calculation is based on previous Media
Outreach Criteria, while working on other assignments.  Projected
consulting hours per market are as follow: Boston x: 30 (7) Connecticut x 20 (4) Chicago x 30 (5) Dallas/Ft Worth x 50 (6) Los Angeles x 60 (3) Miami x 40 (1) New York x 40 (2) Scarsdale x 20 (2) Palm Beach x 20 (1)

    

    
      	
              6.

            	
              Consulting
      Fees

            

    

    

    ASFX will
compensate EBA with shares of restricted stock of the Company as is equal to the
monthly cash fee, rounded to the nearest whole share.  The total cost
(excluding direct approved out-of-pocket expenses), for the four month trial
period will be: 100,000 shares of restricted common stock of American Scientific
Inc. (ASFX), and 100,000 warrants, exercisable for 5 years at $1.00 per
share.

     

    The
restricted shares payment of this agreement shall be paid as follows: 50,000
shall be paid upon execution of this document and 50,000 paid at the end of the
initial timeframe (90 days) from the execution date. The 100,000 warrants will
be issued at the end of the initial timeframe (90 days) from the execution
date.

     

    All
restricted shares of common stock will be valued at par value for the purpose of
income declaration.

     

    The
restricted shares issued to Elizabeth Bayles-Jordan will have piggyback
registration rights, and will be included in any registration that ASFX
prepares during the next 12 months. In the event ASFX does not file a
registration statement, the restricted shares are eligible for sale pursuant to
Rule 144. ASFX agrees to provide a legal opinion letter to remove stock
restrictions upon presentation by Elizabeth Bayles Jordan of those restricted
shares at the time allowed under Rule 144.

     

    If the
assignment should require additional time to bring each market to satisfactory
completion, Elizabeth Bayles-Jordan will notify Dr. Christopher Tirotta in
advance in writing.  If the assignment should require less time to
bring each market to satisfactory completion, Elizabeth Bayles Jordan will
notify Dr. Christopher Tirotta in writing and will carry the outstanding balance
forward to the next month.   At the end of each month, EBA will
provide a project assessment report to ASFX.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    
      	
              7.

            	
              Out
      of Pocket Expenses.  

            

    

    

    ASFX will
reimburse EBA for all necessary and reasonable out-of-pocket expenses up to
$200.00 each month (without prior written approval) such as the cost
of  telephone calls, facsimiles, Federal Express, stamps, photocopies,
messengers and all other incidentals, which EBA will incur in the performance of
the services to be provided to ASFX.    Upon successful
completion of the four month assignment, EBA will provide a final project
assessment report to ASFX.

    

    
      	
              8.

            	
              Relationship; Taxes;
      Authority

            

    

    

    ASFX and
EBA acknowledge and
agree that EBA shall perform the services as an independent contractor and not
as an employee or agent of ASFX.   EBA will file its own tax
returns on the basis of EBA’s status as an independent contractor for the
reporting of all income and other taxes due and owing on the consideration
received by EBA under this Agreement and that EBA is responsible for the payment
of such taxes to the extent such taxes have not been previously withheld by ASFX
pursuant to Section 2(d) above.

    

    
      	
              9.

            	
              Termination.

            

    

    

    ASFX and
EBA may terminate this Agreement at any time, for any reason, by giving thirty
(30) days written notice to the other party.

     

    Please be
advised that your signature below indicates ASFX informed consent to be
represented by EBA. If the foregoing
correctly reflects the ASFX understanding of the terms and conditions of EBA’s
representation please indicate your acceptance by executing this letter and
faxing and/or e-mailing it back to me.

    

    Sincerely,

    

    
      
        	 
      	 
      	 
      
	
                By:
      Elizabeth Bayles-Jordan

              	 
      	
                By:  Christopher
      Tirotta, MD, MBA

              
	 
      	 
      	 
      
	
                Elizabeth
      Bayles Jordan

              	 
      	
                Christopher
      Tirotta, MD, MBA

              
	
                Elizabeth
      Bayles Associates

              	 
      	
                American
      Scientific Resources

              
	
                223
      East 61st
      Street

              	 
      	
                83
      South Putt Corners Road

              
	
                New
      York, NY 10021

              	
                  

              	
                New
      Paltz, NY 12561-0819

              

      

    

    
      
         

      

      
        5

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