EXHIBIT 10.3
LETTER OF INTENT
37 Point 9 is a public listed company. Shanghai Ecom Trading Ltd, is a private
company specializing in medical device distribution in China and holds a medical
device sales license.
Based on each party's background, all parties agree that there is a mutual
interest to become part of a public listed company and expand medical products
distribution in China and these parties are willing to enter into the following
agreement after friendly negotiation .
1. All parties agree in principle to cooperate with each other in
marketing 37Point9 and Ecom products and services.
2. All parties agree in principle to enter into an acquisition discussion
between 37Point9, as a holding company, and Shanghai Ecom Trading Ltd,
as a wholly owned subsidiary.
3. A1l parties on principle agree mutually to set up a task force with an
aim to carry out the initial tasks relating to the cooperation between
the parties including, without limitation, to reviewing an acquisition
proposal and financial data.
4. All parties agree not to disclose the terms of this agreement to the
public or any other parties without the prior consent of the other
parties
This agreement will become effective on the date signed below.
/s/ Xxxx X. Rolls, Jr. 8/9/02 /s/ Xxxx Xxx Chen 08/16/02
Xxxx X. Rolls, Jr, Xlng Xxx Xxxx
Corporate Counsel / Exec. VP Chairman
37Point9 Shanghai Ecom Trading Ltd.
