CRVW Careview Communications Inc (QB)

On June 12, 2017, CareView Communications, Inc. (the "Company") hired Jon E. Freeman as its Chief Financial Officer. The Company and Mr. Freeman entered into an employment agreement with an effective date of June 12, 2017 (the "Effective Date") which terminates in one year from the Effective Date unless earlier terminated.

Mr. Freeman's salary will be $180,000 annually, which amount will be reviewed annually or more frequently in the Company's sole discretion, for an upward adjustment (but never a downward adjustment). At the end of each annual year, Mr. Freeman is eligible to receive a bonus as directed by the Company's Board of Directors. The Company issued Mr. Freeman a non-qualified stock option pursuant to the 2016 Stock Option Plan for 500,000 shares with an exercise price of $0.11 per share. The shares underlying the option vest at the rate of 33.3% on the first and second anniversaries of the date of grant and 33.4% on the third anniversary of the date of grant, subject to his continued service to the Company. In addition, Mr. Freeman is eligible to receive the type of medical benefits and paid time off commensurate with other executives.

Either party may terminate the agreement at any time with a ninety (90) day written notice. The Company may terminate the agreement at any time for cause upon notice. The agreement may be terminated by Mr. Freeman for good reason at any time upon written notice by Mr. Freeman. If the agreement is terminated for cause by the Company or not for good reason by the employee, then Mr. Freeman is not entitled to all salary or benefits beyond the date of the termination. If the Company terminates for no reason or Mr. Freeman terminates for good cause, Mr. Freeman shall be entitled to severance for a period beginning with the date of termination and continuing for twelve months from the Effective Date (the "Severance Period"), which severance will include (i) payment of base salary for the entire Severance Period, (ii) immediate vesting of all granted but unvested stock options including an extended time to exercise the options beginning on the date of termination and to be reviewed for an annual extension at the sole discretion of the Board's Compensation Committee not to extend past its original expiration date, and (iii) continuation in all benefits plans and payments with the Company continuing to make the employer's portion during the Severance Period.

There are no arrangements or understandings between Mr. Freeman and any other persons pursuant to which he was selected as Chief Financial Officer. There are also no family relationships between Mr. Freeman and any director or executive officer of the Company and he has no direct or indirect material interest in any transaction required to the disclosed pursuant to Item 404(a) of Regulation S-K.

The foregoing description of the employment agreement is qualified in its entirety by reference to the full text of the employment agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and are incorporated by reference.

Mr. Freeman has over 25 years of finance, operations and management experience across a variety of industries including medical device, technology, industrial manufacturing, and professional services. He has worked in environments ranging from large public multi-national to smaller, emerging private companies. Prior to accepting the position with the Company, Mr. Freeman provided CFO consulting services to a variety of companies with a particular focus on early-stage life science companies since January 2014. The services he provided ranged from accounting, business and financial plan development, capital raises, financial reporting and investor relations. From September 2011 to November 2013, he served as Chief Financial Officer and Vice President of Medafor, Inc. in Minneapolis, MN, a privately-held, post-FDA approved medical device corporation developing, manufacturing and selling a hemostatic agent product line. Medafor was acquired by C.R.Bard [NYSE: BCR] in October 2013. Mr. Freeman earned his B.A. in Economics from St. Olaf College and his MBA from University of Texas. He is also a member of the CFM-Institute of Management Accountants.