LETTER OF INTENTLetter of Intent • June 3rd, 2011 • Tactical Air Defense Services, Inc. • Services-educational services • Nevada
THIS NON-BINDING LETTER OF INTENT (the “LOI”), entered into as of June 2, 2011, sets forth the understanding of the mutual intentions regarding the proposed transaction between (i) Tactical Air Defense Systems, Inc., a Nevada corporation (“TADS”) and (ii) Tactical Air Support, Inc., an Nevada corporation (“Tac-Air”) (TADS and Tac-Air may be referred to hereinafter individually as a “Party” and collectively as the “Parties”). Each Party understands and acknowledges that this is a non-binding LOI which will serve as the general basis of the below defined Definitive Agreements related to the below defined Acquisition.
