ACCOUNT_JOB_COMPANY

ACCOUNT_JOB_ADDRESS_MULTI_LINE 

21 December 2024

PARTY_1_NAME

PARTY_1_ADDRESS_MULTI_LINE

For the attention of: PARTY_1_CONTACT

Dear PARTY_1_CONTACT,

Letter of Intent relating to the Acquistion of TARGET

As per our earlier discussions, we wish to set out in this letter of intent ("LOI") the general terms and conditions of a proposed acquisition by us of the PROPORTION% interest in TARGET (the “Target”) from you the seller. The Target is in the business of BUSINESS.

We recognise that the various arrangements will need careful review but will endeavour in good faith to agree the detailed terms of the acquisition, on the basis of the principles set out in this LOI, and to take all necessary other actions in order successfully to complete the Proposed Transaction (as defined below).

1. The Proposed Transaction

1.1 We will acquire PROPORTION% interest in the Target (the “Proposed Transaction”), including all of the assets, owned by the Target that are used in, or necessary for the conduct of its business activities. 

2. Purchase Price and Payment Terms