LETTER OF INTENTLetter of Intent • January 12th, 2006 • Litfunding Corp • Short-term business credit institutions
This letter of intent ("LOI") outlines the proposal by which Global Universal Film Group Ent., Inc., a Nevada corporation ("GUFG") desires to merge with Silver Dollar Productions, Inc., a Nevada corporation (“SDP”), a wholly-owned subsidiary of LitFunding Corporation, a Nevada corporation (“LFDG”). Upon execution by the parties hereto, this LOI shall constitute a binding agreement that will serve as an interim agreement between the parties until such date as a more definitive agreement can be prepared and executed. Such Definitive agreement shall incorporate the general terms of this LOI as set forth below.
