Letter of Intent to Merge Companies This letter of intent is signed this 1st day of October, 1998 by and between Medisys Technologies, Inc., a publicly traded company duly incorporated under the laws of the State of Utah and doing business in the...Medisys Technologies Inc • October 15th, 1998 • Surgical & medical instruments & apparatus
The purpose of this letter is to express the intention of the above parties to conclude an agreement of merger and/or acquisition whereby Phillips Pharmatec will become a division of and be owned and operated under the name and public umbrella of Medisys Technologies, subject to the following mutually agreed upon terms and conditions which are subject to future modification based on the continuing due diligence of the respective parties:
ARTICLE I ACQUISITION AND EXCHANGE OF SHARES Section 1.1 Acquisition and Plan of Reorganization. The parties hereby agree that Medisys shall acquire all of the issued and outstanding shares of Phillips, in exchange for the number of shares of...Acquisition and Share Exchange Agreement • October 15th, 1998 • Medisys Technologies Inc • Surgical & medical instruments & apparatus • Utah
