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    LOI Letter of Intent

    Uploaded by

    Manav Gupta
    This letter of intent outlines a proposed transaction where a buyer intends to purchase 10 million 3M N95 1860 masks from a seller. Key terms of the proposed transaction include a purchase price of $5 or less per mask, delivery within 7-10 business days by air freight, and appointment of an independent party to certify the quality and legitimacy of the stock before full payment. The letter establishes that the parties aim to negotiate a definitive sales agreement in good faith based on the terms outlined and intend to keep the letter and discussions confidential.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    LOI Letter of Intent

    Uploaded by

    Manav Gupta
    428 views2 pages
    This letter of intent outlines a proposed transaction where a buyer intends to purchase 10 million 3M N95 1860 masks from a seller. Key terms of the proposed transaction include a purchase price of $5 or less per mask, delivery within 7-10 business days by air freight, and appointment of an independent party to certify the quality and legitimacy of the stock before full payment. The letter establishes that the parties aim to negotiate a definitive sales agreement in good faith based on the terms outlined and intend to keep the letter and discussions confidential.

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    LOI letter of intent (2).docx

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    This letter of intent outlines a proposed transaction where a buyer intends to purchase 10 million 3M N95 1860 masks from a seller. Key terms of the proposed transaction include a purchase price of $5 or less per mask, delivery within 7-10 business days by air freight, and appointment of an independent party to certify the quality and legitimacy of the stock before full payment. The letter establishes that the parties aim to negotiate a definitive sales agreement in good faith based on the terms outlined and intend to keep the letter and discussions confidential.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    428 views2 pages

    LOI Letter of Intent

    Uploaded by

    Manav Gupta
    This letter of intent outlines a proposed transaction where a buyer intends to purchase 10 million 3M N95 1860 masks from a seller. Key terms of the proposed transaction include a purchase price of $5 or less per mask, delivery within 7-10 business days by air freight, and appointment of an independent party to certify the quality and legitimacy of the stock before full payment. The letter establishes that the parties aim to negotiate a definitive sales agreement in good faith based on the terms outlined and intend to keep the letter and discussions confidential.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Dear Ms.

    ________,

    Letter of Intent (the “Letter”) is addressed to you to set forth the mutual interest of LIMITED
    (“BUYER”) and SHINNING/YOKCHEE(“SELLER”), regarding the proposed acquisition of
    goods (as defined below) owned by the SELLER. This Letter is therefore executed to summarize
    the discussion to date regarding the purchase of goods (“Transaction”) to confirm the respective
    intentions of the parties with respect to the said purchase.

    BUYER is multiple clients globally to source and purchase 3M N95 1860

    TRANSACTION

    BUYER intends to purchase from SELLER the following goods, requirements, and
    specifications (to be agreed according to BUYER’s requirements):

    Description of Goods Quantity

    - 3M N95 1860 10 million


    Note: if any

    The contents of this Letter and its terms and conditions are to be included in a future definitive
    sales agreement. Other representations, warranties, and conditions agreed upon by the parties
    shall be included as well. The BUYER and SELLER shall hereby agree that it is in their interest
    to bring to fruition the transaction and are both expected to negotiate in good faith the sales
    agreement.

    PURCHASE PRICE: CIF to any country at Maximum 5 US Dollars Per Mask or whatever
    better price SELLER is able to extend to BUYER.

    DELIVERY OF GOODS: SELLER shall ship/deliver the goods after 7-10 Business Days by
    air freight. Title to goods and risk of loss shall pass to BUYER upon receiving of shipment at the
    specific airport.

    Quality of Stock: An SGS personnel or Third Party Certification Company of the client’s choice
    must be appointed to certify that the stock is legitimate before BUYER pays in full.

    WARRANTIES: BUYER shall purchase goods on an “as is” basis, and SELLER expressly
    disclaims warranties.

    EXPENSES: Each party shall be held responsible for the costs and expenses associated in the
    negotiation of the transaction, including the execution of the provisions as shown in the Letter as
    well as the future sales agreement.

    TERMINATION: This Letter shall automatically be terminated without liability upon the
    earlier of the following:
    A. The execution of sales agreement;
    B. The mutual written agreement between the BUYER and the SELLER; or
    C. Expires on April 17th 2020.

    OTHER MATTERS: the contents of this Letter and discussions between the parties are
    confidential and shall not be disclosed to any third party. The BUYER and SELLER shall work
    exclusively for a period of [30] days (“Exclusivity Period”) from the date the SELLER
    countersigns the Letter.

    GOVERNING LAWS: This Letter as well as all matters there to shall be governed by and
    construed in accordance with the governing laws of Hong Kong and Thailand, and shall thereby
    not conflict with existing laws and principles.

    NON-BINDING AGREEMENT: This Letter is intended as a reflection of the intention of both


    parties and neither this Letter nor its acceptance shall constitute nor create a legally binding or
    enforceable contract on any party, except with regard to expenses, termination, Exclusivity
    Period, confidentiality and governing law, which shall constitute a legally binding and
    enforceable contract between the parties. Neither agreement nor obligation regarding the said
    transaction shall be deemed to exist between parties and any of their respective affiliates, unless
    and until the sales agreement shall have been executed and delivered, and only in accordance
    with the terms and conditions as stated in such sales agreement.

    MISCELLANEOUS: This Letter contains in its entirety the understanding between BUYER
    and SELLER and supersedes all previous agreements, if any. This Letter may be amended,
    supplemented, or otherwise modified only in writing and when signed by duly authorized
    representatives of each party. This Letter may be executed in counterparts, each of which shall
    be deemed an original, all of which, together, shall constitute one and the same document.

    If the foregoing terms and conditions are deemed acceptable, please sign and return this Letter to
    the undersigned.

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