FRANKLIN TOWERS ENTERPRISES, INC.Acquisition Agreement • December 28th, 2007 • Franklin Towers Enterprises Inc • Services-prepackaged software
Reference is hereby made to Letter Agreement dated November 26, 2007 (the “Letter Agreement”), between Franklin Towers Enterprises, Inc., a Nevada corporation (the “Company”) and Zhengzhong Silkworm Industrial Development Co., a limited liability company organized under the laws of the People’s Republic of China (“Zhengzhong”), pursuant to which the Company intends to acquire from Zhengzhong certain assets, including, fixed assets, real estate holdings, intellectual property and a long term lease of approximately 15,000 acres of mulberry farms (the “Transaction”).
