AGREEMENT, made as of April 26, 2004 by and between MEDCATH CORPORATION , a
Delaware corporation (the “Company”) and GRANT WICKLUND (“Executive”).
In order to induce Executive to serve as Senior Vice President, Chief Administrative Officer of the
Company, the Company desires to provide Executive with compensation and other benefits on the terms and
conditions set forth in this Agreement.
Executive is willing to accept such employment and perform services for the Company, on the terms and
conditions hereinafter set forth.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:
1.1 Subject to the terms and conditions of this Agreement, the Company agrees to employ Executive
during the term hereof as its Senior Vice President, Chief Administrative Officer. In his capacity as Senior Vice
President, Chief Administrative Officer of the Company, Executive shall report to the Chief Executive Officer of
the Company (the “CEO”) and shall have the customary powers, responsibilities and authorities of a Senior Vice
President, Chief Administrative Officer for corporations of the size and character of the Company, as it exists
from time to time, and as are assigned by the COO.
1.2 Subject to the terms and conditions of this Agreement, Executive hereby accepts employment with the
Company commencing on a date that is mutually agreeable to the Company and Executive that is no later than
April 26, 2004 (the “Commencement Date”) and agrees to devote his full working time and efforts, to the best of
his ability, experience and talent, to the performance of services, duties and responsibilities in connection
therewith. Executive shall perform such duties and exercise such powers, commensurate with his position, as the
shall from time to time delegate to him on suc