On October 15, 2018, BioRestorative Therapies, Inc. entered into an Employment Agreement with Lance Alstodt pursuant to which Mr. Alstodt will serve as Executive Vice President and Chief Strategy Officer of the Company. Mr. Alstodt is a senior healthcare executive with over 25 years of experience in the medical device, biopharmaceutical and healthcare services sectors. In 2013, he founded and became CEO of MedVest Consulting Corporation ("MedVest"), an advisory and capital firm that was formed to focus exclusively on the healthcare industry. Prior to Medvest, Mr. Alstodt was a career investment banker with over 20 years of experience with respect to acquisitions, leveraged buyouts, private and public financings, exclusive sales, takeover defenses, joint ventures, restructurings and general advisory services.