EXHIBIT 10.34
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(Letterhead)
XYNERGY CORPORATION
Via Facsimile: 0118675526684257
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September 26, 2003
Xxxx Xxxxx
Intervest Group, Ltd.
0000 Xxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Dear Xxxx:
This is a non-binding letter of intent between Intervest Group, Ltd. and Xynergy
Corporation. The terms outlined below are negotiable and merely intend to
initiate dialogue for the commencement of merger negotiations between Intervest
Group, Ltd. ("IGRP") and Xynergy Corporation ("XYNY").
1. IGRP is to acquire controlling interest in XYNY via stock purchase which is
in the control of CEO, Xxxxxx Xxxxxx;
2. A joint venture between IGRP and Xxxxxx of Xxxxxxx Hills, Inc., for the
purposes of setting up distribution of its products in China will also
commence;
3. Xxxxxx Xxxxxx will retain approximately 4.9% [non-dilutable] interest in
IGRP/XYNY;
4. Current XYNY subsidiaries will spin-off as separate public company via an
Information Statement filed and issued to the SEC, giving all IGRP/XYNY
shareholders stock in new entity (comprised of subsidiaries Xxxxxx of
Xxxxxxx Hills and Machinations);
5. Both parties are to comply with all due diligence requirements.
Xxxx Xxxxx
September 26, 2003
Page Two
If the above terms are agreeable to you, please sign below and fax back to us at
(000) 000-0000.
In the interim, I should have a shareholder list, a DTC list, and NOBO list for
your records by next week. Our financial information is available on the
internet via the Xxxxx database. We would also like to request that you provide
us with a shareholder list and audited financials at your earliest convenience.
I believe that once we are all in possession of the appropriate documentation,
we can reach a mutually beneficial arrangement. Please call me at (000) 000-0000
with your comments and questions .
Sincerely,
/s/
Xxxxxx Xxxxxx
President
cc: Xxx Xxxxx, Esq.
Xxxx Xxxxxx, Esq.
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Understood & Agreed:
INTERVEST GROUP, LTD.
By: /s/ Date: September 27, 2003
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Xxxx Xxxxx, CEO
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