Secure Point Technologies, Inc.Merger Agreement • July 10th, 2017 • Secure Point Technologies Inc • Measuring & controlling devices, nec
The purpose of this letter is to confirm our mutual agreement in principle whereby Vivos BioTechnologies, Inc., a Wyoming corporation (“Vivos”), would be merged with and into Secure Point Technologies, Inc., a Massachusetts corporation (“SPT”). Vivos and SPT are sometimes collectively referred to herein as the “parties” and individually referred to as a “party.” While this letter expresses the present intent of the parties with respect to the terms and structure of the transactions proposed herein, this letter, except for paragraph 8 below, shall not be legally binding upon Vivos or SPT. Vivos acknowledges that SPT is currently a debtor and debtor-in-possession in bankruptcy proceedings (the “Bankruptcy Case”) currently pending in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The parties to this letter of intent acknowledge that the structure of the transactions proposed herein may be modified after the parties consult with their respective c
