LITHIUM EXPLORATION GROUP INC.Letter Agreement • August 23rd, 2013 • Lithium Exploration Group, Inc. • Metal mining
Further to our recent meetings and discussions, this Letter Agreement (the “Agreement”) confirms our mutual intention and agreement to enter into a definitive agreement whereby Lithium will acquire 75% of the issued and outstanding shares of Tero (the “Transaction”). This letter is intended to create legally binding obligations on the Parties and will serve as the basis for the negotiation and preparation of a definitive agreement between Tero, Lithium and the shareholder of Tero (the “Selling Shareholder”) leading to the completion of the Transaction.
