0001104659-06-048066 Sample Contracts

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • July 20th, 2006 • Medicalcv Inc • Surgical & medical instruments & apparatus • Minnesota

THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into effective November 7, 2005, by and between MedicalCV, Inc., a corporation duly organized and existing under the laws of the State of Minnesota, with a place of business at 9725 South Robert Trail, Inver Grove Heights, Minnesota 55077 (hereinafter referred to as the “Company”), and James E. Jeter, a resident of the state of Kansas (hereinafter referred to as “Executive”).

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MEDICALCV, INC. NON-QUALIFIED STOCK OPTION AGREEMENT PURSUANT TO 2001 EQUITY INCENTIVE PLAN
Option Agreement • July 20th, 2006 • Medicalcv Inc • Surgical & medical instruments & apparatus • Minnesota

THIS OPTION AGREEMENT is entered into by and between MedicalCV, Inc., a Minnesota corporation (the “Company”), and (the “Optionee”) pursuant to the Company’s 2001 Equity Incentive Plan, as amended to date (the “Plan”). Unless otherwise defined herein, certain capitalized terms shall have the meaning set forth in the Plan.

MEDICALCV, INC. NON-QUALIFIED STOCK OPTION AGREEMENT PURSUANT TO 2001 EQUITY INCENTIVE PLAN
Non-Qualified Stock Option Agreement • July 20th, 2006 • Medicalcv Inc • Surgical & medical instruments & apparatus • Minnesota

THIS OPTION AGREEMENT is entered into effective , by and between MedicalCV, Inc., a Minnesota corporation (the “Company”), and (the “Optionee”) pursuant to the Company’s 2001 Equity Incentive Plan, as amended to date (the “Plan”). Unless otherwise defined herein, certain capitalized terms shall have the meaning set forth in the Plan.

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