EXHIBIT 6:
ACQUISITION AGREEMENT
FOR ASSETS OF
MEDCARE CORPORATION
XXXXXX X. XXXXX
0000 Xxxxxxxx Xxxxxx
Xxxxxxxxx, X.X., XXX 0X0
August 7, 1995
MEDCARE TECHNOLOGIES, INC.
Xxxxx 0000 - 000 Xxxxxxx Xxxxxx
Xxxxxxxxx, X.X.. X0X 0X0
Dear Sirs:
RE: ACQUISITION OF THE MEDCARE UI RIGHTS FOR 2,000,000 RESTRICTED SHARES
------------------------------------------------------------------------
This letter will confirm the sale of the above referenced world wide
rights of the MedCare Urinary Incontinence system to MedCare
Technologies, Inc, for 2,000,000 restricted shares of MedCare
Technologies, Inc.
Sincerely,
Xxxxxx X. Xxxxx
E-123
MINUTES OF DIRECTORS MEETING
OF
MULTI SPECTRUM GROUP, INC.
A meeting of the Board of Directors of Multi Spectrum Group, Inc.
was held on the 14th day of August, 1995 at 1:00 p.m. at the offices of
the Company located at 0000 X. 0000 X., Xxxxx 0000, Xxxx Xxxx Xxxx, Xxxx
00000
There were present and participating at the meeting, either in
person or telephonically, Xxxx Xxxxx, Xxxxx Xxxxx, Xxxxxx X. Radat,
Xxxxxxx Xxxx, York Xxxxxxxx, Xxxx Xxxxxxxx and Xxxxx Xxxxxxxx. Xxxx
Xxxxx acted as Chairman. The minutes of the last meeting were read and
approved.
The first item of business brought before the Board was a discussion
concerning the acquisition of MedCare Technologies, Inc. After a long
and thorough discussion it was agreed that the Company acquire the
business of the MedCare UI System and issue 2,000,000 shares of its
unissued common shares of stock for the acquisition of MedCare
Technologies, Inc. It was agreed that 1,750,000 shares be issued to Xxxx
Xxxxx and 250,000 shares issued to Hermal Rayat. Upon motion duly made,
seconded and unanimously carried with all in favor, it was;
RESOLVED, the Company issue 2,000,000 shares of its unissued stock
to acquire the business of MedCare UI System as presented by MedCare
Technologies, Inc.
FURTHER RESOLVED, that 1,750,000 shares be issued in the name of
Xxxx Xxxxx and 250,000 shares be to Harmel Rayat.
The second item of business to be discussed was concerning the
resignations of York Xxxxxxxx, Xxxx xxxxxxxx and Xxxxx Xxxxxxxx. After a
short discussion it was agreed that the resignations of York Xxxxxxxx and
Xxxxx Xxxxxxxx be accepted and said resignations to be effective
immediately. Upon motion duly made, seconded and unanimously carried; it
was;
RESOLVED that the resignations of York Xxxxxxxx, Xxxx Xxxxxxxx and
Xxxxx Xxxxxxxx be accepted.
FURTHER RESOLVED that the said resignations be to effective as of
this date.
There being no further business, and upon motion duly made and
seconded the meeting was adjourned.
/s/ XXXX XXXXX /s/ XXXXX XXXXX
------------------------------- ----------------------------------
Xxxx Xxxxx, President, Director Xxxxx Xxxxx, Secretary
/s/ KUNDAN RAYAT /s/ XXXXXXX XXXX
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Xxxxxx X. Xxxxx, VP Director Xxxxxxx Xxxx, Treasurer, Director
/s/ YORK XXXXXXXX /s/ XXXXX XXXXXXXX
------------------------------- ----------------------------------
York Xxxxxxxx Xxxxx Xxxxxxxx
/s/ XXXX XXXXXXXX
-------------------------------
Xxxx Xxxxxxxx
E-124
