The Red Oak Trust 815A Brazos, Suite 352 Austin, Texas 78701Letter of Intent • October 29th, 2010 • Uv Flu Technologies Inc • Retail-miscellaneous shopping goods stores
This Letter of Intent (this “LOI”) is intended as an expression of our mutual intentions. It shall be binding upon both parties, subject to the terms and conditions contained herein, until formal definitive agreements (the “Definitive Agreements”) including, but not limited to, a Stock Purchase Agreement which is described in Article “2” of this LOI confirming the terms and conditions set forth in this LOI as well as setting forth such representations and warranties and other provisions which are customary in a transaction of this nature are acceptable to us and our respective attorneys. If any or all of the Definitive Agreements are not executed, this LOI shall nonetheless be binding subject to completion of due diligence under Article 1 below. This LOI rescinds and voids in its entirety that certain letter of intent between UVFLU and Red Oak dated October 26, 2010.
