June 19, 2014 Melissa A. Waterhouse PO Box 769 Philmont, New York 12565 Dear Melissa,American Bio Medica Corp • June 24th, 2014 • Pharmaceutical preparations
It is our pleasure to formally offer you the position of Chief Executive Officer (“CEO”) of American Bio Medica Corporation (“ABMC” or the “Company”), reporting directly to the ABMC Board of Directors. You would also serve as the Company’s Principal Financial and Accounting Officer (“PFAO”) until such time that a new PFAO or Chief Financial Officer (CFO) is appointed. This agreement supersedes all other agreements whether written or verbal and may not be amended except by a writing signed by you and the Board of Directors. Your position will be primarily located at our New York corporate facility although overnight travel may be required from time to time. You will perform all duties as are generally associated with the position of a CEO/PFAO, as directed by the Board of Directors. Below, we have outlined the major terms and conditions applicable to your position.
