PARTY_1_ADDRESS_MULTI_LINE

For the attention of: PARTY_1_CONTACT

Dear PARTY_1_CONTACT,

Letter of Intent relating to the Sale 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 sale by us of the PROPORTION% interest in TARGET (the “Target”) to you the buyer. 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 sell 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

2.1 The aggregate consideration to be paid by you for the Proposed Transaction is CURRENCYPRICE (the “Purchase Price”), comprising CURRENCYGOODWILL being the goodwill plus the following:

ASSETS