Exhibit 10.34
 
DEBT PURCHASE AGREEMENT
 
THIS AGREEMENTis made as of the 8 day of December, 2011
 
AMONG:
 
LONG SIDE VENTURES LLC., a Florida limited liability company having an office
for business located at 1800 S. Ocean Dr., PH2 , Hallandale Beach, Florida
33009(“Purchaser”)
 
AND:
 
CELINE WANG, an individual with an address 8 Gough Rd, The Peak, Hong Kong,
(“Seller”)
 
WHEREAS:
 
A.
Seller holds a certain Promissory Note dated June1, 2011 in the principal amount
of $55,000 (FIFTYFIVE THOUSAND DOLLARS), (the “Note”), which was issued by
Medical Care Technologies Inc., a Nevada corporation (“MDCE” or the Company);
and,

 
B.
Purchaser desires to purchase and acquire and Seller desires to sell, convey,
assign and transfer, or cause to be sold, conveyed, assigned and transferred, to
Purchaser, the Note pursuant to this Agreement.

 
NOW THEREFORE THIS AGREEMENT WITNESSETH THAT in consideration of the premises
and the mutual covenants, agreements, representations and warranties contained
herein, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:
 
ARTICLE I
THE ACQUISITION
 
Section 1.1         Purchase and Sale of Note
 
Seller hereby agrees to sell to Purchaser the principal amount of the Note plus
accrued and unpaid interest in exchange for the payment of the Purchase Price on
the Closing Dates set forth herein. Interest shall accrue for the benefit of the
Seller on that portion of the note for which there has not been a closing, with
such accrued and outstanding interest to be purchased by the Buyer from the
Seller after such time that the total principal amount has been purchased by the
Buyer
 
Section 1.2         The Purchase Price
 
In consideration for the transfer of the Note, Purchaser agrees to pay the
following to the Seller: (a) $55,000 (FIFTYFIVE THOUSAND DOLLARS) upon execution
hereof in immediately available U.S. funds by wire transfer to the following
account:
 
Bank Name:  TD Canada Trust

Account Name: CELINE WANG
Account No.:  #### ### ####
Trans No.:  #####
ABA No.:  026 009 593
 
SWIFT:  TDOMCATTTOR
 

 
Section 1.3         Closing
 
The Closing shall take place on or before December 9, 2011, at which time Seller
shall transfer to Purchaser the Note.
 
Time shall be of the essence for all dates given under this Agreement.
 
Section 1.4         Representations and Warranties
 
The Seller represents and warrants:
 
a.           that it is not an affiliate of the Company and has not been an
affiliate of the Company during the past 90 days;
 
 
 

--------------------------------------------------------------------------------

 
 
b.           that Seller lent $55,000 to the Company on June 1, 2011, and
entered into the promissory note being the subject hereof.
 
Section 1.5          Miscellaneous.
 
This Agreement may be executed in counterparts.
 
A fully executed faxed or emailed copy of this Agreement shall have the full
force and effect of an original of same.
 

 
IN WITNESS WHEREOF the parties have executed this Agreement effective as of the
day and year first above written.
 

LONG SIDE VENTURES LLC.   CELINE WANG               By:
 /s/ B. Kaplan
  By: /s/ Celine Wang   Name:
B. Kaplan
   
Celine Wang
  Title:
Principal
                                The Undersigned hereby consent to this
Agreement:                   MEDICAL CARE TECHNOLOGIES INC.                    
/s/ Ning C. Wu         Ning C. Wu, President