EX-10
from 8-K
5 pages
This Binding Letter of Intent Will Confirm the Following Terms Upon Which the Boards of Directors of Precept and Oakridge Will Adopt a Definitive Agreement (The “Definitive Agreement”), Whereby Oakridge Will Exchange Certain Shares of Its $0.001 Par Value Common Voting Stock (The “Common Stock”) and Receive Credit for Its Cost Basis in Its Convertible Loan and Investment Agreement With Leclanché (The “Leclanché Loan Agreement”) of Chf5,000,000, Based on the Published Exchange Rate of Chf to U.S. Dollars on the Closing on December 4, 2014, Which Was 1.00 Chf Equals 1.0301 in U.S. Dollars, With the Acquisition of Leclanché Shares Making Oakridge One of the Largest Shareholders of Leclanché on the Closing of the Definitive Agreement (The “Closing”) and Having the Potential Benefits Outlined in the Unanimous Written Consent of the Board of Directors of Oakridge Executed and Effective on December 5, 2014
12/34/56