Term Sheet Template (Page 2 of 2) in pdf

Term Sheet Template Page 2

The Purchaser and Company will comply with all applicable laws in carrying out the above

described transaction.

The Company has good title and ownership to the above referenced Assigned Interests.

The Company hereby guarantees that the Assigned Interests are free from any obligation and

defects.

There is no pending proceeding that has been started against The Company and The Purchaser

that would interfere in any way with the contemplated transaction.

The Purchaser nor The Company will make any public disclosure about the transaction prior to

the closing.

The Company agrees that going forward from the date on this term sheet through to the

closing date, The Company will not solicit nor accept offers with respect to The Assigned

Interests.

The necessary steps to reach a closing would be completed by ____/____/______. The Closing

Date may be subject to an extension or postponement if mutually agreed upon by both The

Purchaser and The Company. This Term Sheet will expire on ____/____/______.

The following deliveries will be made at closing:

______________________________________________________________________________

This transaction shall be governed by the laws of the State of __________ in __________

County and any applicable Federal Law.

__________________________________________________________

Date____________

Signature of The Purchaser

_____________________________________________________________________Date____________

Signature of The Company Representative

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Term Sheet Template Page 2