第1页共8页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第1页共8页更多资料请访问.(.....)LETTEROFINTENTOctober4,2004To:AirwavesSoundDesignLtd.SecondFloor,25EastSecondAvenueVancouver,BC,CanadaV5T1B3RE:Purchaseofalloftheissuedandoutstandingshares(the"Shares")ofAirwavesSoundDesignLtd.andAirwavesDigitalGroupLtd.ThefollowingsetsoutthebasictermsuponwhichwewouldbepreparedtopurchasetheShares.Thetermsarenotcomprehensiveandweexpectthatadditionalterms,includingreasonablewarrantiesandrepresentations,willbeincorporatedintoaformalagreement(the"FormalAgreement")tobenegotiated.Thebasictermsareasfollows:1.Purchaser:InternetStudios.,Inc.(the"Purchaser")2.Target:AirwavesSoundDesignLtd.andAirwavesDigitalGroupLtd.(collectively,the"Target")3.PrincipalShareholders:AlexDownieandanyothershareholdersoftheTarget(the"Vendors")第2页共8页第1页共8页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第2页共8页4.Shares:ThePurchaseragreestopurchasefromtheVendorsandtheVendorsagreetosell,assignandtransferandtocauseallholdersoftheSharestosell,assignandtransfertothePurchaser,theSharesfreeandclearofallliens,chargesandencumbrances.5.Transaction:ThePurchaser,theTargetandtheVendorswillenterintoabusinesscombination(the"Combination")wherebythePurchaserwillacquirealloftheissuedandoutstandingsecuritiesoftheTargetfromalltheVendorsinexchangefor500,000sharesinthecapitalofthePurchaserandoptionstopurchase1,500,000sharesinthecapitalofthePurchaseratanexercisepricepershareequaltothepricepersharepaidbytheinstitutionalinvestorsintheFinancing(asdefinedherein),whichoptionswillvestasismutuallyagreedtoamongthePurchaserandtheVendors(the"Acquisition").6.Structure:InordertofacilitatetheAcquisition,thePurchaser,theTargetandtheVendorsagreethateachwillusetheirbesteffortstoformulateastructurefortheCombinationwhichisacceptabletoeachofthepartiesandwhichisformulatedto:oocomplywithallnecessarylegalandregulatoryrequirements;oominimizeoreliminateanyadversetaxconsequences;andoobeascosteffectiveaspossible.-2-7.Financing:TheVendorshaveadvisedthePurchaserthatitwillarrangefortheprivateplacementofsharesinthecapitalofthePurchaserforaminimumof$2million,whichinvestmentwillcloseonorbeforetheClosing(asdefinedherein)andwillbeonthesametermsastheinvestmenttobemadebyinstitutionalinvestorsbeingarrangedbythePurchaser'sadvisors,WestLBSecurities(the"Financing").AportionoftheproceedsraisedinconnectionwiththistransactioncontemplatedbythisLetterofIntent,shallbeallocatedtowardthepurchaseofacompanyinvolvedinpostproductionvideoservicesontermsacceptabletothePurchaser.第3页共8页第2页共8页编号：时间：2021年x月x日书山有路勤为径，学海无涯苦作舟页码：第3页共8页8.AccesstoInformation:ImmediatelyuponexecutionofthisLetterofIntent,thePurchaseranditsadvisorswillhavefullaccessduringnormalbusinesshoursto,ortheTargetandtheVendorswilldelivertothePurchaser,copiesofalldocuments(the"Materials")pertainingtotheoperationsoftheTarget.9.Condition(s)Precedent:TheobligationofthePurchasertopurchasetheShareswillbesubjecttosatisfactionorwrittenwaiverbythePurchaserofthefollowingcondition(s)(the"ConditionsPrecedent")within10daysafterexecutionanddeliveryoftheFormalAgreement:ooreviewandapprovalofallmaterialsinthepossessionandcontroloftheTargetandtheVendorswhicharegermanetothedecisiontopurchasetheShares;oothePurchaseranditssolicitorshavinghadareasonableopportunitytoperfor...
