EXHIBIT NO. 10.3
CONTRACT BY AND BETWEEN
FARVEL ARRENDAMIENTOS. S.A. DE C.V. AND LA CALAFIA, INC.
(FORMERLY GROUPMED, INC. - A PRIVATELY HELD CORPORATION).
DATED MAY 20, 1995
May 20, 1995
CONTRACT
BY AND BETWEEN
FARVEL ARRENDAMIENTOS, S.A. de C.V.,
and/or its nominee
and
GROUPMED, INC., a privately held corporation
and/or its nominee
As of the date above written, May 20, 1995, in consideration of 200,000
shares of GroupMed Inc. stock (and subject to a US$5,500,000 contract between
the parties FARVEL and GROUPMED), FARVEL ARRENDAMIENTOS and/or its
nominee will assign the additional equity in the HOSPITAL LAS AMERICAS land,
equipment and improvements located in Ensenada, Baja California, Mexico to
GROUPMED, INC. and/or its nominee.
Should the terms of the contract for US$5,500,000 referenced above not be
fulfilled by GROUPMED, INC. and/or its nominee, for any reason, the 200,000
shares of GROUPMED, INC. stock shall remain the property of FARVEL
ARRENDAMIENTOS and/or its nominee.
Executed this 20 day of May, 1995.
/s/ Xxxxxx X. Xxxxx /s/ [ILLEGIBLE]
-------------------- ----------------------
GROUPMED, INC. FARVEL ARRENDAMIENTOS
S.A. de C.V.
