EXHIBIT 10.10
THE LONDON RADIOSURGICAL CENTRE LTD
000 XXXXXX XXXXXX, XXXXXX, X0X 0XX TEL: x00 (0)000 000 0000 FAX: 000 0000
Registered in England & Wales Registered Number 3047508
February 7th, 1999
To:
Mobile PET Systems, Inc.
0000 Xxxxxxx Xxxxxx Xxxxx, #000
Xxx Xxxxx, XX, 00000
RECEIPT LETTER AGREEMENT/TERMS OF INVESTMENT
Mobile PET Systems, Inc. has purchased a subordinated equity participation in
The London Radiosurgical Centre Ltd., pursuant to the terms defined in this
receipt letter.
The following terms apply to all investors and are stated in US $.
Subordinated Equity Participation: Maximum Investment $2.5 Million
Investors will have their investment
returned from 100% of the net income
to distribute. After which the total
participation of the investors will
be 60% of net income to distribute.
Net Income to Distribute: After operating costs including;
equipment financing payments, all
operating expenses, reserve capital
and taxes. To be distributed annually.
TOTAL RECEIVED FROM MOBILE PET SYSTEMS, INC. $200,000.00
Best regards and we look forward to a profitable future.
Xxxx Xxxxx, Chairman/Director, The London Radiosurgical Centre Ltd
