ContractLetter of Intent • April 26th, 2010 • M Line Holdings Inc • Metalworkg machinery & equipment
This letter is an amendment to that certain Letter of Intent dated June 30, 2009 by and between M Line Holdings, Inc., a Nevada corporation (the “Company”), and Money Line Capital, Inc., a California corporation (referred to herein as “MLC,” “you,” or “your”), as amended on November 5, 2009. This amendment is necessary due to the estimated time it will take to complete the audits of MLC and its subsidiaries, which are necessary in order to consummate the Transaction. As a result, we recommend the timeline for the valuation and Closing of the Transaction be pushed back as set forth in this letter amendment.
