Document:

EXHIBIT
10.33

    

    August
18, 2010

     

    Stefan
Parker

    5 Wood
Duck Place

    Waterford,
NY 12188

     

    Dear
Stefan,

     

    On August
18, 2010, the Compensation Committee of the American Bio Medica Corporation
(“ABMC” or the “Company”) Board of Directors recommended that the base salary
outlined in your August 22, 2007 employment letter (the “Employment Letter”) be
increased from $120,000 on an annualized basis, to $145,000 on an annualized
basis. Upon consideration of this recommendation, the Board of Directors of the
Company, upon a duly made, seconded and unanimously carried motion, adopted a
resolution that your base salary be increased to $145,000 on an annualized
basis.

     

    This
letter shall serve as an amendment to your Employment Letter. More specifically,
the following term shall be amended as follows:

     

    Compensation

     

    Effective
August 30, 2010, your base salary will be $12,083.33 per month, which is
equivalent to $145,000 on an annualized basis.  You will be eligible
for your first performance review by the Board of Directors in August
2011.

     

    If you so
desire, the cost of your health insurance (including family coverage if you so
require) shall be borne 100% by the Company.  Please notify Human
Resources if you wish to receive this benefit.

     

    You shall
receive a car allowance of $10,000 per year, to be paid on a monthly basis and
subject to tax on your part, and reimbursement for any approved company related
expenses.

     

    You shall
participate in the Management Bonus Program as approved by the Board of
Directors on January 19, 2005, and as amended by the Board of Directors on
November 9, 2005.

     

    In all
other respects your Employment Letter shall remain in full force and effect and
unaltered.

     

    Sincerely,

    

    
      
        
          	
                  /s/ Stan Cipkowski

                	 
      
	
                  Stan
      Cipkowski

                
	
                  Chief
      Executive Officer

                
	
                  By
      order of the American Bio Medica Corporation Board of
      Directors

                
	 
      
	
                  Accepted
      this 18th Day of August, 2010:

                
	 
      
	
                  /s/ Stefan Parker

                	 
      
	
                  Stefan
      ParkerEXHIBIT
10.34

    

    August
18, 2010

     

    Melissa
A. Waterhouse

    PO Box
769

    Philmont,
New York 12565

     

    American
Bio Medica Corporation (the "Company") considers it essential to the best
interests of its shareholders to attract top executives and to foster the
continuous employment of key management personnel. In this connection, the Board
of Directors of the Company (the "Board") recognizes that the possibility of a
change of control may exist and that such possibility, and the uncertainty and
questions, which it may raise among management, may result in the departure or
distraction of management personnel to the detriment of the Company and its
shareholders.

     

    The Board
has determined that appropriate steps should be taken to ensure the continuity
of management and to foster objectivity in the face of potentially disturbing
circumstances arising from the possibility of a change of control of the
Company, although no such change is now contemplated. In order to induce you to
remain in the employ of the Company and in consideration of your further
services to the Company, the Company agrees that effective as of August 18,
2010, you shall receive the severance benefits from the Company, set forth in
this letter agreement ("Agreement") in the event you Separate from Service with
the Company as a result of termination under the circumstances defined below, or
subsequent to a Change of Control of the Company under the circumstances
described below. This Agreement supersedes and replaces any prior agreements
and/or policies related to severance benefits payable to you following
termination or a Change of Control of the Company.

     

    Severance

    In the
unlikely event that ABMC elects to terminate your employment for anything other
than cause, you will receive severance pay equal to six (6) months of your
current base salary at the time of separation, with continuation of all medical
benefits during the six-month period at ABMC’s expense.  Cause shall
be defined as (1) death, (2) commission of a felony (3) acts of dishonesty,
fraud or malfeasance in connection with your service on behalf of the
Company,  (4) gross dereliction of duty; willful failure to carry out
any lawful directive of the Chief Executive Officer or the Board of Directors,
or material violations of Company policies which continue after the Company has
provided Employee with written notice thereof and a period of thirty (30) days
to cure such action or misconduct or (5) disability of a period of more than six
(6) months). The severance payment will be made under the then current pay
cycle, each pay period, during the six (6) months, subject to all customary
withholdings.

    Additionally,
you may resign your position and elect to exercise this severance provision at
your option under the following circumstances:

    If you are required to relocate by the
Company or its Board of Directors more than 50 miles from the Company’s New York
facility as a condition of continued employment

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    A substantial change in
responsibilities normally assumed by a Vice President, Chief Compliance Officer
and Corporate Secretary at the direction of the Company or its Board of
Directors (i.e. demotion)

    You are asked to commit or conceal the
commitment of any illegal act by any officer or member of the board of directors
of the Company

     

    Change in
Control

     

    If there
is a Change in Control (defined below) of ABMC, you may elect to resign your
position and receive a lump sum severance payment equal to one (1) time your
annual base salary (“CIC Payment”). If you elect to resign, ABMC will pay you
the CIC Payment within thirty (30) days after you make your election, which
election must be in writing and received by ABMC’s Board of Directors within ten
(10) days after a Change in Control.  In the event you continue
employment with ABMC or any successor to ABMC following a Change in Control or
fail to make an election within ten (10) days after a Change in Control, you
will not be entitled to receive the CIC Payment.

    

    Change in
Control is defined as follows:

    (i)           the
approval by shareholders of ABMC of a merger or consolidation of ABMC with any
other corporation, other than a merger or consolidation which would result in
the voting securities of ABMC outstanding immediately prior thereto continuing
to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity) more than fifty percent (50%) of the total
voting power represented by the voting securities of ABMC or such surviving
entity outstanding immediately after such merger or consolidation;
or

    (ii)           the
approval by the shareholders of ABMC of a plan of complete liquidation of ABMC
or an agreement for the sale or disposition by ABMC of all or substantially all
of ABMC’s assets.

    

    Sincerely,

    

    
      
        	
                /s/ Stan Cipkowski

              	 
      
	
                Stan
      Cipkowski

              
	
                Chief
      Executive Officer & Director

              
	
                By
      order of the American Bio Medica Corporation Board of
      Directors

              
	 
      
	
                Accepted
      this 18th day of August 2010:

              
	 
      
	
                /s/ Melissa A. Waterhouse

              	 
      
	
                Melissa
      A. WaterhouseUnassociated Document

    
      
 

      
        	
                

              	
                email
      

              	
                info@virtualmedicalcentre.com

                 

              
	 
      	
                phone

              	
                +61
      (8) 9388 0344

                 

              
	 
      	
                fax

              	
                +61
      (8) 9388 0611

                 

              
	 
      	
                mail

              	
                PO
      Box 1173, Osborne Pk

                 

              
	 
      	 
      	
                WA
      6916

              

      

      

      

      Dr Andrew
Dean

      St John
of God

      Subiaco

      Perth  WA  6008

      1st July
2007

      

      RE:  Executive
Director and Consulting agreement between Dr Andrew Dean and Virtual Medical
Centre Ltd.

      

      

      Dear
Andrew,

      

      I am
pleased to confirm your position as a Director and Consultant to Virtual Medical
Centre Ltd (ACN097593587).

      

      The terms
and conditions of your appointment are to be as follows and, in the event of any
conflict between the terms of this letter of appointment and those of any other
document, agreement of arrangement (whether referred to herein or not), I
confirm that the terms of this letter of appointment are to
prevail:

      

      
        	
                1.  

              	
                 Appointment:

              

      

      

      As a
Director and Consultant your performance will be reviewed in accordance with
processes agreed by the Board from time to time. You agree to participate in
such reviews.

      

      Termination
by either party requires 30 days written notice.

      

      
        	
                2.  

              	
                 Duties:

              

      

      

      Your
duties will include, but are not restricted to, participation in: Board
Meetings, Strategy Development, partnership discussions, Capital raising
processes, Revenue generating strategies, processes/ controls, and exit
strategy.

       

      
        	
                3.  

              	
                 Independence
      and other interests:

              

      

      

      You will
act in the interests of the company as a whole. Any potential conflicts of
interest, should they arise, will be made known to the Board of
VMC.

       

       

       

       

       

      
        
           

        

        
          1

          
          

        

        
           

        

      

       

      
        

        
          	
                  

                	
                  email
      

                	
                  info@virtualmedicalcentre.com

                   

                
	 
      	
                  phone

                	
                  +61
      (8) 9388 0344

                   

                
	 
      	
                  fax

                	
                  +61
      (8) 9388 0611

                   

                
	 
      	
                  mail

                	
                  PO
      Box 1173, Osborne Pk

                   

                
	 
      	 
      	
                  WA
      6916

                

        

         

      

      
        	
                4.  

              	
                 remuneration
      and Expenses:

              

      

      

      A
Director fee of $30,000 p.a plus GST plus a consulting fee of $46,000 p.a plus
GST will be paid.

      

      VMC will
take out Directors and Officers Liability insurance on behalf of Andrew
Dean

      

      You are
entitled to be paid other expenses you properly incur concerning VMC affairs,
including but not limited to all expenses associated with travel, accommodation
and incidentals.

      

      
        	
                5.  

              	
                 Access
      to Company Documents:

              

      

      

      Under the
Corporations Act, Directors have a right of access to financial
records.

      

      
        	
                6.  

              	
                 Confidential
      Information:

              

      

      

      All
information obtained (under whatever circumstances) by yourself or VMC ( which
includes all directors, office holders, employees, advisors or agents thereof)
is confidential information of VMC and must not be released, either during your
appointment or following termination (by whatever means) to third parties
without prior clearance from VMC, or as required by law. Such information must
only be used for the purpose of performing your duties and not for any other
purpose. All such information must be returned to VMC upon termination of your
appointment and, if requested by VMC, you must certify that you no longer have
access to or records of any such information. The requirements of this clause
shall not apply to any information that is in the public domain other than as a
result of a breach by either Party of this and/or any other obligation of
confidence between the parties.

      

      

      Kind
regards

      

      

      

      Wayne
Hughes

      Managing
Director

      

      
 

       

       

       

       

       

      
        
           

        

        
          2

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