July 1, 2010 Mr. Eberhard Schoneburg Suite 2403, Pacific Place Apartments Pacific Place, 88 Queensway Hong Kong Re: Amendment to Employment Agreement Dear Eberhard,Employment Agreement • August 3rd, 2011 • Artificial Life Inc • Services-prepackaged software
This letter sets forth the mutual agreement between you and Artificial Life, Inc. (the “Company”) concerning an amendment to your employment agreement with the Company dated as of July 1, 2006, as amended March 28, 2007 and June 1, 2008 (the “Employment Agreement”). This amendment to the Employment Agreement will be effective as of the date of this letter. Section 5 of the Employment Agreement is amended to read in its entirety:
M-HEALTH MIDDLE EAST LTD. FORM OF SUBSCRIPTION AGREEMENTSubscription Agreement • August 3rd, 2011 • Artificial Life Inc • Services-prepackaged software
The undersigned, hereby subscribes for ______________ shares of M-Health Middle East Ltd., a corporation organized under the laws of the Cayman Islands (the “Corporation”), which shares the Corporation and the undersigned agree have an aggregate fair market value of $_____________, as reflected by the current value of certain accounts receivable due to the undersigned from the assignor which are hereby assigned to the Corporation by the undersigned as consideration pursuant to this Subscription Agreement. The shares subscribed for shall be Class B Shares, as such shares are defined in Joint Venture Agreement among the members of the Corporation.
