STOCK OPTION SURRENDER AGREEMENT
AMENDMENT TO ALL SENIOR EXECUTIVE EMPLOYMENT AGREEMENT(S)
Each of the undersigned ("Senior Executives") of Integrated Healthcare Holdings, Inc. ("Company") have been
employed pursuant to certain substantially similar written agreements, each of which is entitled "Employment
Agreement." Each Employment Agreement contains a provision ("Stock Option Provision"), purportedly
permitting the purchase of the Company's common stock, which states:
"STOCK OPTIONS. The Company will grant Executive, effective as of the Commencement Date, an option to
purchase [a specific number] of the company's class A common stock, .001 value per share, at a price of the
mean average per share for 10 days following the Commencement Date. This option will be for a period of [a
specific number of] years and will vest at the rate of [a specific number] % on each anniversary of this
Agreement. Executive shall receive additional stock options annually if certain Company goals are met. Additional
information regarding Company's stock option plan shall be provided."
Each of the undersigned Senior Executives has concluded and agrees that it is in each of the Senior Executive's
and the Company's best interest for each Senior Executive to surrender and renounce any and all rights (if any)
each Senior Executive may have pursuant to the Stocks Option Provision or any other provision in their
respective Employment Agreements.
Therefore, each of the undersigned Senior Executives surrenders and renounces any and all rights (if any) each
Senior Executive may have pursuant to the Stock Option Provision or any other provision in their respective
Employment Agreement, subject to and effective upon the execution of this Agreement by each and all of the
undersigned Senior Executives.
This Agreement shall NOT be enforceable, however, as to any of the Undersigned Senior Executives until and
unless all the Senior Executives execute this Agreement. At such time as this Agreement has b