EX-10.1
from 8-K
4 pages
This Letter Confirms Our Mutual Intention to Enter Into Negotiations to Effect a Business Combination (The "Transaction") on the Terms Set Forth Below. This Letter Is Not Intended to Create Legally Binding Obligations Except as Set Out in Paragraphs 4, 6 and 7 Below but Will Serve as the Basis for Negotiating a Definitive Agreement Leading to the Completion of the Transaction. 1. the Transaction (A) $1,000,000 on Closing of the Transaction; (B) $1,000,000 Six Months From Closing of the Transaction; and (C) $1,000,000 on the First Anniversary of the Closing of the Transaction
12/34/56