NOTE 15 – SUBSEQUENT EVENTS

The Company has performed a review of events subsequent to the balance sheet date.

On July 7, 2014, the Pulse Systems issued a Promissory Note in favor of Wacker Services Corp ("Wacker") in exchange for a loan in the amount of $300,000 made by Wacker to Pulse Systems. The loan is payable on September 30, 2014 with interest of 8% per annum.

Effective July 31, 2014, the Loan and Security Agreement between Fifth Third Bank and Pulse Systems was amended due to an event of default by the Company. The amended agreement requires repayment of the Revolving Note, which has a maximum loan amount of $500,000 and the Term loan with a principal sum of $333,333 on or before August 15, 2014.

On July 31, 2014, the Company made a final settlement payment to STEP in the amount of $36,500. There are no additional amounts due under the Settlement Agreement.

On August 1, 2014, the Company converted from a Michigan corporation into a Nevada corporation (the “Conversion”). The Conversion was effected by the filing of a Certificate of Conversion with the Michigan Department of Licensing and Regulatory Affairs on July 28, 2014, and Articles of Conversion with the Nevada Secretary of State on July 30, 2014, in each case with an effectiveness date of August 1, 2014. The Conversion was approved by the shareholders of the Company at a meeting of the shareholders held on December 13, 2013. In connection with the Conversion, the Company also filed with the Nevada Secretary of State on July 30, 2014, a Plan of Conversion and Articles of Incorporation that are substantially identical to the proposed Plan of Conversion and Articles of Incorporation which were furnished as exhibits to the Company’s Definitive Proxy Statement on Schedule 14A filed on November 1, 2013. In addition, the Bylaws of United American Healthcare Corporation, a Nevada corporation, are substantially identical to the proposed Bylaws which were furnished as exhibits to the Company’s Definitive Proxy Statement on Schedule 14A filed on November 1, 2013.

On August 15, 2014, Tonaquint, Inc., a Utah corporation (the “Buyer”), entered into a Non-Recourse Loan Sale Agreement with Fifth Third Bank, an Ohio banking corporation, as successor by merger to Fifth Third Bank, a Michigan banking corporation (the “Seller”). The Buyer is an affiliate of John Fife, CEO, President, and Chairman of the Board of Directors of United American Healthcare Corporation. Pursuant to the terms of the Non-Recourse Loan Sale agreement, the Buyer purchased the debt that the Company owes to the Seller for approximately $753,000.

On August 22, 2014, the Company filed a Certificate of Amendment to its Articles of Incorporation with the Nevada Secretary of State, increasing the number of authorized shares of common stock of the Company to 150 million.Accordingly, Article 3 of the Articles of Incorporation of the Company has been amended to read:

"The total number of shares of capital stock that the Corporation is authorized to issue is One Hundred and Fifty Five Million (155,000,000) shares, of which (i) Five Million (5,000,000) shares are designated as preferred stock, par value $0.001 per share, and (ii) One Hundred and Fifty Million (150,000,000) shares are designated as common stock, par value $0.001 per share."