This employment agreement ("Agreement") is entered into this ___ date 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 Larry B. Anderson ("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 serve as the President, of the Company. Employee's principal duties and responsibilities shall be
to, in concert with the Chief Executive Officer and the Chief Financial Officer, set the overall strategies and
direction of the Company and monitor and oversee corporate performance. He shall report to the Board of
Directors of the Company. Except during vacation periods or in accordance with the Company's personnel
policies covering executive leaves and reasonable periods of illness or other incapacitation, Executive shall devote
his services to the Company's Busines