Xx. Xxxxx Xxxxxx
Sunset Interactive Network, Inc.
0000 Xxxxxxxx Xxxxxx
Xxx Xxxxx, Xxxxxxxx 00000
Dear Xx. XXxxxx:
This serves as our Letter of Intent ("LOI") which provides for a thirty (30) day
period of exclusive negotiation between American Sports History, Inc. ("AMSHK or
"Buyer") and Sunset Interactive Network, Inc. ("SIN or "Seller") to:
a. enter into a Definitive Agreement for acquisition by AMSH of one
hundred (100%) percent of the total shares of SIN and all other affiliated
companies, properties, equipment and related business assets, if any, and
b. to include as part of the agreement the services of Xx. Xxxxx X. Xxxxxx
of as President of SIN, and that SIN would become a wholly owned subsidiary of
AMSH upon completed execution of the Agreement.
AMSH, a Nevada Corporation, has corporate offices at 0000 Xxxxxxxx Xxxxxx, Xxxxx
000, Xxx Xxxxx Xxxxxxxx 00000 and is solely owned by Xx. Xxxxx X. Xxxxxx. SIN
is free of any and all liabilities except as may relate to existing or pending
contracts with various licensors for its Internet content offerings. SIN is an
interactive media company providing primarily but not limited to the Internet
proprietary content, information and merchandise relating to a variety of
licensors including celebrity content.
CONSIDERATION
Final valuation will be agreed to by both parties and the Definitive Agreement
will outline all terms. It is proposed that the business be acquired with
restricted common shares of AMSH which may or may not include registration
rights. Final acceptance is subject to approval by both parties including the
Board of Directors of AMSH.
The parties acknowledge and agree to indemnify and hold the other harmless
against any third party claims that may arise from this agreement.
The signors of this agreement shall enter into exclusive negotiations and due
dilligence upon reciept of mutually executed copies.
AMERICAN SPORTS HISTORY, INC.
(A Nevada Corporation)
/s/ Xxxxxxx X. Xxxxxxx
Xxxxxxx X. Xxxxxxx, President
SUNSET INTERACTIVE NETWORK, INC.
(A Nevada Corporation)
Xxxxx X. Xxxxxx, President
