Sample Letter Of Intent printable pdf download

Sample Letter Of Intent

SAMPLE LETTER OF INTENT

STRICTLY PRIVATE & CONFIDENTIAL

•, 20•

• Inc.

•

Attention:

•

Dear •:

Re:

Proposed Acquisition of • Inc. (the “Corporation”)

• Inc. (the “Purchaser”) would like to detail in this letter of intent (the “LOI”) our mutual understanding regarding

the terms and conditions of the proposed purchase by the Purchaser of all of the issued and outstanding securities of

the Corporation (collectively, the “Purchased Shares”), which we understand are held by • and • (collectively, the

"Vendors").

The foregoing transactions are referred to below as the “Proposed Transaction”.

Purchase and Sale Transaction

on the Closing Date (as defined below), the Purchaser will purchase all of the Purchased Shares from the

Vendors

Purchase Price for Purchased Shares

the purchase price for the Purchased Shares shall be equal to $•

Allocation of Purchase Price

●

THE PURCHASE PRICE SHALL BE ALLOCATED AMONG THE PURCHASED SHARES IN

THE DISCRETION OF THE VENDORS, ACTING REASONABLY

Payment of Purchase Price/Security Arrangements

UPON EXECUTION OF THIS LOI, THE PURCHASER SHALL DELIVER TO THE VENDORS'

COUNSEL IN TRUST A DEPOSIT EQUAL TO THE SUM OF CDN.$• TO BE CREDITED

(TOGETHER WITH ANY INTEREST THEREON) AGAINST THE CLOSING CASH PORTION

PAYABLE BY THE PURCHASER TO THE VENDORS ON COMPLETION OF THE

TRANSACTIONS CONTEMPLATED HEREIN ON THE CLOSING DATE (THE "DEPOSIT");

THE DEPOSIT (TOGETHER WITH ANY INTEREST THEREON) SHALL NOT BE

REFUNDABLE TO THE PURCHASER EXCEPT IF THE PARTIES SHALL FAIL TO

COMPLETE THE TRANSACTIONS CONTEMPLATED HEREIN ON OR BEFORE •, 200• UPON

ALL OF THE VENDORS' CONDITIONS, IF ANY, HAVING BEEN SATISFIED OR WAIVED

OR, IF UNSATISFIED, SUCH CONDITIONS WERE NEVERTHELESS REASONABLY

CAPABLE OF BEING SATISFIED BY THE VENDORS

Sample Letter Of Intent