Redwood Consultants, LLC

[zsvq1p]

7/19/01 - Hypertension Diagnostics, Inc. On July 19, 2001, we entered into a Consulting Agreement with Redwood
Consulting, LLC under which Redwood Consulting, LLC agreed to provide us with
certain investor communications and public relations services. In consideration
for these services and upon the execution of the Consulting Agreement, we issued
200,000 shares of our Common Stock and issued warrants for the purchase of
300,000 shares of our Common Stock. Of the 300,000 shares acquirable upon
exercise of the warrants, 100,000 shares are acquirable at an exercise price of
$5.00 per share, 100,000 shares are acquirable at an exercise price of $7.50 per
share and the remaining 100,000 shares are acquirable at an exercise price of
$10.00 per share. We believe the fair value of the agreement to be $2.1 million.
These securities were issued directly to The Anthony D. and Leslie T. Altavilla
Revocable Trust, UTA 03/06/2001, Jens Dalsgaard and Jeff Lamberson. Messrs.
Anthony D. Altavilla and Jens Dalsgaard are members of Redwood Consulting, LLC.

This one looks like a loser....



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