1
SELFCARE
000 Xxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxxxxxxx 00000
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
AGREEMENT BETWEEN EN PLC LIMITED PARTNERSHIP AND SELFCARE, INC.
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1. EN PLC sells its holding of 7,961,386 shares of Enviromed plc common
stock to Selfcare, Inc. at 30p/share at an exchange rate of 1.5925 or
$3,803,552.00.
2. The payment is made in the form of a 2 year note at an interest rate
of Bank of Boston prime rate plus 1 1/2% adjustable for changes in
Bank of Boston prime rate.
3. At the end of each of the first four quarters Selfcare, Inc. will pay
$316,962.68 of the loan to EN PLC plus interest and, in each of the
following four quarters it will pay $633,925.36 plus interest.
4. The note will be secured only by the Enviromed plc stock purchased.
Should Selfcare seek to sell or transfer the Enviromed plc stock
purchased in the transaction, Selfcare will have to pay off the
balance of the note plus any interest due at that time. The note is
subordinated to any current or future indebtedness of Selfcare, Inc.
5. Notwithstanding any additional documentation required, the transaction
is effective today.
for Selfcare, Inc.
/s/ Xxxxxx Xxxxxxx
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Date: October 17, 1996
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Xxxxxxxxx Xxxxxx X. Xxxxxxx
for EN PLC Limited Partnership
/s/ Xxxxxx Xxxxxx
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Date: October 17, 1996
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Xx. Xxxxxx X. Xxxxxx
