LETTER OF INTENT TO PURCHASE SHARE 股权收购意向书英文版.doc

《LETTER OF INTENT TO PURCHASE SHARE 股权收购意向书英文版.doc》由会员分享，可在线阅读，更多相关《LETTER OF INTENT TO PURCHASE SHARE 股权收购意向书英文版.doc（6页珍藏版）》请在三一办公上搜索。

1、LETTER OF INTENTOctober 4, 2004To:SellerADDRESSRE:Purchase of all of the issued and outstanding shares (the Shares)of Seller and Seller GroupThe following sets out the basic terms upon which we would be prepared to purchase the Shares. The terms are not comprehensive and we expect that additional te

2、rms, including reasonable warranties and representations, will be incorporated into a formal agreement (the Formal Agreement) to be negotiated. The basic terms are as follows:1. Purchaser: (the Purchaser)2. Target: Seller and Seller Group (collectively, the Target)3. Principal Shareholders: One Shar

3、eholder and any other shareholders of the Target (the Vendors)4. Shares: The Purchaser agrees to purchase from the Vendors and the Vendors agree to sell, assign and transfer and to cause all holders of the Shares to sell, assign and transfer to the Purchaser, the Shares free and clear of all liens,

4、charges and encumbrances.5. Transaction: The Purchaser, the Target and the Vendors will enter into a business combination (the Combination) whereby the Purchaser will acquire all of the issued and outstanding securities of the Target from all the Vendors in exchange for shares in the capital of the

5、Purchaser and options to purchase shares in the capital of the Purchaser at an exercise price per share equal to the price per share paid by the institutional investors in the Financing (as defined herein), which options will vest as is mutually agreed to among the Purchaser and the Vendors (the Acq

6、uisition).6. Structure: In order to facilitate the Acquisition, the Purchaser, the Target and the Vendors agree that each will use their best efforts to formulate a structure for the Combination which is acceptable to each of the parties and which is formulated to:o comply with all necessary legal a

7、nd regulatory requirements; o minimize or eliminate any adverse tax consequences; and o be as cost effective as possible. 7. Financing: The Vendors have advised the Purchaser that it will arrange for the private placement of shares in the capital of the Purchaser for a minimum of $ million, which in

8、vestment will close on or before the Closing (as defined herein) and will be on the same terms as the investment to be made by institutional investors being arranged by the Purchasers advisors, West LB Securities (the Financing). A portion of the proceeds raised in connection with this transaction c

9、ontemplated by this Letter of Intent, shall be allocated toward the purchase of a company involved in post production video services on terms acceptable to the Purchaser.8. Access to Information: Immediately upon execution of this Letter of Intent, the Purchaser and its advisors will have full acces

10、s during normal business hours to, or the Target and the Vendors will deliver to the Purchaser, copies of all documents (the Materials) pertaining to the operations of the Target.9. Condition(s) Precedent: The obligation of the Purchaser to purchase the Shares will be subject to satisfaction or writ

11、ten waiver by the Purchaser of the following condition(s) (the Conditions Precedent) within 10 days after execution and delivery of the Formal Agreement:o review and approval of all materials in the possession and control of the Target and the Vendors which are germane to the decision to purchase th

12、e Shares; o the Purchaser and its solicitors having had a reasonable opportunity to perform the searches and other due diligence reasonable or customary in a transaction of a similar nature to that contemplated herein and that both the solicitors and the Purchaser are satisfied with the results of s

13、uch due diligence; o the Purchaser and its accountant having had a reasonable opportunity to review the audited financial statements (including corporate tax returns, general ledger listings, adjusting entries and opening trial balances) of the Target, prepared in accordance with generally accepted

14、accounting principles and that both the Purchaser and its accountant are satisfied with the content of such financial statements; o satisfactory arrangements being made to hire hourly and salaried staff necessary to operate the business of the Target including the Target entering into an executive m

15、anagement contract with One Shareholder; o the Purchaser obtaining the consent from any parties from whom consent to the transfer of the Shares is required; o the Purchaser obtaining confirmation that any names used in the business of the Target is available for use by the Purchaser and can be regis

16、tered as a trade mark of the Purchaser; o no material adverse change having occurred in connection with the business of the Target or the Shares; o all representations and warranties of the Target and the Vendors being true and all covenants of the Target and the Vendors having been performed in all

17、 material respects as of the Closing; o no legal proceedings pending or threatened to enjoin, restrict or prohibit the transactions contemplated in this Letter of Intent; o a satisfactory legal opinion being available from Vendors counsel; o completion of satisfactory physical inspection of the asse

18、ts of the Target; o satisfactory review of title to the assets of the Target; and o approval of the Board of Directors of the Purchaser being obtained. o It would be the expectation of the Purchaser that many of the Conditions Precedent will be narrowed or eliminated altogether as the Purchaser comp

19、letes its due diligence and the Formal Agreement and schedules thereto are finalized.10. Return of Materials: The Materials will be returned to the Target and/or the Vendors, as applicable, or destroyed if the Formal Agreement is not executed within the time provided.11. Closing: The closing (the Cl

20、osing) of the transactions contemplated by this Letter of Intent will occur not later than 10 days following the satisfaction or written waiver by the Purchaser of the Conditions Precedent. At the Closing, the Vendors will transfer the Shares to the Purchaser free from any outstanding liens, charges

21、, claims or encumbrances and execute all such documents as the Purchasers solicitors may require in order to effect such transfer including a restrictive covenant agreement that the Vendors will not compete anywhere in Canada with the Purchaser in connection with the business of the Target. The Clos

22、ing may take place by exchange of the appropriate solicitors undertakings, which will involve each partys solicitors delivering to his or her counterpart all required cash and documentation, to be held in trust and not released until all such cash and documentation has been executed and delivered to

23、 the Purchaser.12. Costs: The Purchaser and the Vendors will each bear their own expenses in connection with this Letter of Intent and the purchase and sale of the Shares.13. Confidentiality: All negotiations regarding the Target and the Shares will be confidential and will not be disclosed to anyon

24、e other than respective advisors and internal staff of the parties and necessary third parties, such as lenders approached for financing. No press or other publicity release will be issued to the general public concerning the proposed transaction without mutual consent unless required by law, and th

25、en only upon prior written notice to the other party.14. Purchase and Sale Agreement: Upon execution of this Letter of Intent, the Purchaser will prepare a draft of the Formal Agreement for the Vendors review.15. Good Faith Negotiations: Each of the Purchaser and the Vendors will act honestly, dilig

26、ently and in good faith in their respective endeavors to negotiate, settle and execute the Formal Agreement within 90 days following the execution of this Letter of Intent.16. Exclusive Opportunity: Following the execution of this Letter of Intent, the Vendors will not negotiate or enter into discus

27、sions with any other party or offer the Shares or any interest therein for sale to any other party until the time herein provided for settlement of the Formal Agreement has expired.17. Standstill Agreement: Following the execution of this Letter of Intent and until the Closing, the Vendors will not,

28、 directly or indirectly, purchase or sell any securities of the Purchaser.18. Not a Binding Agreement: This Letter of Intent does not create a binding contract and will not be enforceable, except in respect of the obligations set out in paragraphs 10, 13, 15, 16 and 17. Only the Formal Agreement, du

29、ly executed and delivered by the Vendors and Purchaser, will be enforceable, and it will supersede the provisions of this Letter of Intent and all other agreements and understandings between the Purchaser and the Vendors with respect to the subject matter of this Letter of Intent.19. Currency: All r

30、eferences to $ in this Letter of Intent shall refer to currency of the United States of America.20. Proper Law: This Letter of Intent will be governed by and construed in accordance with the law of the Province of British Columbia and the parties hereby attorn to the jurisdiction of the Courts of co

31、mpetent jurisdiction of the Province of British Columbia in any proceeding hereunder.21. Counterparts and Electronic Means: This Letter of Intent may be executed in several counterparts, each of which will be deemed to be an original and all of which will together constitute one and the same instrum

32、ent. Delivery to us of an executed copy of this Letter of Intent by electronic facsimile transmission or other means of electronic communication capable of producing a printed copy will be deemed to be execution and delivery to us of this Letter of Intent as of the date of successful transmission to

33、 us.22. Acceptance: If you are agreeable to the foregoing terms, please sign and return a duplicate copy of this Letter of Intent by no later than by 5:00 p.m. on October 6th, 2004. Facsimile is acceptable.Yours truly, Purchaser Name:Title: PresidentThe above terms are accepted this (date).SIGNED, SEALED and DELIVERED by ONE SHAREHOLDER in the presence of:/s/ SignaturePrint NameAddressControllerOccupation)/s/ One Shareholder ONE SHAREHOLDERSELLER/s/ One Shareholder Name: One Shareholder_Title: President_SELLER GROUP/s/ One Shareholder Name: One Shareholder_Title: President_