MAJOR CREATIONS INCORPORATED 57113, 2020 Sherwood Drive Sherwood Park, Alberta T8A 5L7Letter of Intent • September 12th, 2006 • Major Creations Inc • Lawn & garden tractors & home lawn & gardens equip
This agreement (the "Letter of Intent") is our agreement that the Company will, on or before September 30, 2006 enter into an agreement to purchase all of the issued and outstanding shares (the “Interstar Shares”) of Interstar Development Limited, a British Virgin Islands Company having two wholly owned foreign subsidiaries, Shenzhen Star Multimedia Tech Company Limited and Shenzhen E-World Star Digitech Limited. Payment for the purchase of the Interstar Shares will be by way of the issuance, upon Closing, of 2,000,000 common shares of the Company, on a post-split basis after the split of its common shares the Company is presently contemplating said 2,000,000 common shares to be issued to the shareholders of Interstar pro rata according to their interest in the Interstar Shares.
