SONA DEVELOPMENT CORP. Vancouver, British Columbia, Canada V6E 3X2Sibling Entertainment Group, Inc. • May 23rd, 2006 • Services-miscellaneous amusement & recreation • New York
This letter hereby states the non-binding intent with respect to the purchase by the undersigned, Sona Development Corp. (“Company” or “Sona”), of all of the issued and outstanding stock (the “Stock”) of certain Sibling Entertainment Group, Inc. (“SEGI”) subsidiaries set forth hereinafter (the “Transaction”), subject to the terms of a definitive agreement to be negotiated and executed by the parties (the “Stock Purchase Agreement”).
