This employment agreement ("Agreement") is entered into this 25th. day of February, 2005 to be effective upon
the first day that Integrated Healthcare Holding, Inc., a Nevada Corporation ("Company") owns the four (4)
hospitals being divested by Tenet Healthcare System, in Orange County California, specifically, Western Medical
Center - Santa Ana; Western Medical Center - Anaheim; Chapman Medical Center; and Coastal Communities
Hospital, by and between "Company" and James T. Ligon ("Executive") hereinafter referred to as the
A. The Company is engaged in the business of hospital acquisition and management (the "Business").
B. The Company wishes to employ Executive, and Executive agrees to serve, as Senior Vice President of
Company, subject to the terms and conditions set forth below.
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is hereby
agreed as follows:
1. Term of Employment. The Company hereby employs Executive, and Executive hereby accepts employment
with the Company, for a period of three (3) years commencing on the "Commencement Date" and ending on
February 28, 2008, unless terminated earlier in accordance with the provisions of Section 5 below.
2. Position and Duties.
Executive shall initially serve as the Executive Vice President of Finance/Chief Financial Officer of the Company.
Thereafter, as soon as practical, and as soon as a replacement can be located as Chief Financial Officer, his
duties shall convert to Executive Vice President of Mergers and Acquisitions and Business Development of the
Company. Employees principal duties and responsibilities shall be to, in concert with the Board of Directors,
develop and execute the corporate strategy with regard to growth and the development of new business
opportunities for the Company. He shall repo