MARINA CAPITAL, INC.
000 Xxxxxxxx, Xxxxx 0 * Xxx Xxxxxxxxx, XX 00000 * 000-000-0000/000-000-0000 fax
LETTER OF INTENT AND UNDERSTANDING:
This letter, dated May 15, 1996, is made by and between Marina Capital, Inc.
(MC) with its principal place of business at 000 Xxxxx 000 Xxxx, Xxxxx 000, Xxxx
Xxxx Xxxx, Xxxx 00000 and VR Utah, Inc., dba Business Resource Center, (VR) with
its principal place of business at 000 Xxxxx 000 Xxxx, Xxxxx 000, Xxxx Xxxx
Xxxx, Xxxx 00000.
MC is engaged in the business of marketing, sales, business consulting,
financing and real estate development.
VR is engaged in the business of business sales and consulting.
MC and VR desire to assist and cooperate with each other from time to time on
business opportunities that may be of beneficial interest to each party.
Each party shall be responsible for their own expenses that arise from each
project that they are a party to.
Each party shall agree to the compensation split on a project by project basis.
On certain projects a detailed agreement may be required.
The parties have agreed to this Letter of Intent and Understanding on the date
first written above.
Marina Capital, Inc. VR Utah, Inc.
By: /s/ Xxxxx Xxxxxx By: /s/ Xxxxxxx Xxxxx
President President
